Displaying items by tag: Newtech
UAE: The shareholders of RAK Cement have approved the conditional of the Newtec cement plant and Al-Banna quarry in Fujairah. The purchase was originally announced in late February 2019. It planned to buy the assets for around US$123m.
Published in
Global Cement News
UAE: RAK Cement has postponed its acquisition of Newtech cement and the Al banna quarry due to incomplete financing. It previously announced the purchase in late February 2019. It planned to buy the assets for around US$123m.
Published in
Global Cement News
RAK Cement buys Newtech plant and quarry for US$123m
26 February 2019UAE: Ras Al Khaimah (RAK) Cement has purchased the Newtech cement plant and the Al Banna quarry from Mohammed Ali Omar Saleh Al Buraiki for around US$123m. RAK Cement operates an integrated plant at Ras Al Khaimah.
Published in
Global Cement News