TURKEY - Sönmez Çimento suspends clinker production

TURKEY - Sönmez Çimento suspends clinker production

In a statement made by Sönmez Cement, one of the subsidiaries of Sönmez Holding, it was noted that due to the Covid-19 outbreak the Adana Yumurtalik Free Zone between 01 May and 30 June due to the contraction in exports and the domestic market.

GERMANY - Schwenk Zement acquires 100% shares of Celitement GmbH

GERMANY - Schwenk Zement acquires 100% shares of Celitement GmbH

Schwenk Zement KG has taken over all shares of the previous fellow shareholders (including the Karlsruhe Institute of Technology) in Celitement GmbH and this has been backdated to 1 January 2020.

INDIA - Cement makers may delay restart of plants

INDIA - Cement makers may delay restart of plants

Cement companies in India, the world second biggest market, are wary about short-term prospects for demand and may not rush to restart plants if the federal government begins lifting its lockdown from 15 April.

THAILAND - Siam Cement buys Vietnamese packaging materials maker

THAILAND - Siam Cement buys Vietnamese packaging materials maker

Siam Cement will buy a Vietnamese packaging materials maker, the Thai industrial group said Friday, drawn by the growth of online shopping as Southeast Asia hunkers down to avoid the coronavirus.

KUWAIT - Gulf Cement’s OGM approves delisting from Boursa Kuwait

KUWAIT - Gulf Cement’s OGM approves delisting from Boursa Kuwait

The ordinary general meeting (OGM) of Gulf Cement Company approved the board’s proposal to delist from Boursa Kuwait.

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