• Hong Kong’s construction outlook is bright

    Hong Kong’s construction industry has been expanding at a rapid pace and is set to further maintain a healthy growth in the next five years, according to a new report by Timetric’s Construction Intelligence Center (CIC). Hong Kong’s construction industry’s output value record

  • Sagar Cements in talks to buy Andhra Cements

    Sagar Cements - based in Hyderabad - is in advanced talks to purchase Jaypee Group’s Andhra Cements at an enterprise valuation of Rs 1100-1150 crore. Andhra Cements has two plants in Andhra Pradesh with a combined capacity of 2.6 million t. Andhra Cements posted a net loss of Rs

  • KKR, UltraTech submit bids for Jaypee Group’s cement assets

    KKR and Co. and billionaire Kumar Mangalam Birla’s UltraTech Cement Ltd have submitted initial bids for all the cement assets of Jaiprakash Associates Ltd, people with knowledge of the matter said. JSW Cement Ltd, a unit of industrial conglomerate JSW Group, also submitted an of

  • Nepal:There won't be shortage of cement for reconstruction

    Country's cement industry, one of the industries with high export potential, is looking for better future despite facing various problems. The government has kick-started the reconstruction drive and it is expected that demadn for cement will surge once reconstruction of houses a

  • India cement consumption to improve by 2018; analysts predict sluggish '16

    India's cement consumption could go up by 9% only in full-year 2018, said analysts from JP Morgan, who expect demand in 2016 to be gradual. A sharp contrast to 2015, where the India cement sector outperformed the broader markets; large caps and mid caps delivered positive return

  • Zambia: ZCCM-IH in the process of constructing a cement plant in Ndola

    THE Zambia Consolidated Copper Mines Investment (ZCCM-IH) is in the process of constructing a cement plant in Ndola with an initial investment of US$600 million. ZCCM-IH chief executive officer, Pius Kasolo said the plant which would be setup at Ndola Lime on the Copperbelt would

  • Saudi Cement Q4 net profit falls 32.8 pct, misses estimates

    Saudi Cement reported a 32.8 percent drop in fourth-quarter net profit on Sunday, missing estimates as sales fell and it booked an impairment for two kilns. DUBAI, Jan 17 (Reuters) - Saudi Cement reported a 32.8 percent drop in fourth-quarter net profit on Sunday, missing estimat

  • Kenya: Kenya’s ARM cement rolls out east african expansion plans

    East Africa’s largest cement maker, ARM Cement Ltd, says it is increasing investment in plants across the region as the battle for the cement market in East Africa heats up. In view of this, the company is embarking on a multi billion-shilling investment programme that will see