Global Cement News
Search Cement News
Uzbek government to sell stake in Kyzylkumcement 02 May 2019
Uzbekistan: President Shavkat Mirziyoyev has approved a list of companies with state-owned shares to be sold to foreign investors. It includes the country’s 35.9% stake in Kyzylkumcement. Other sectors the government is divesting its shares in include insurance, banking, power generation, oil & gas and soft drinks.
Shree Digvijay Cement’s profit falls 02 May 2019
India: Shree Digvijay Cement’s income rose by 2.5% year-on-year to US$63.6m in the year to 31 March 2019 from US$62.1m in the same period in 2018. Its profit fell to US$0.3m from US$1.93m. Notably, its power and fuel costs grew by 29% to US$22.3m during the year. For the last quarter of the reporting year its income fell by 11%. Private equity company True North purchased a majority stake in the cement producer from Brazil’s Votorantim Cimentos in April 2019.
SCG Vietnam launches SCG Super Cement brand 02 May 2019
Vietnam: SCG Vietnam has launched its SCG Super Cement product. The product is intended as a ‘premium’ multi-purpose cement for home owners, developers, contractors and architects, according to the Vietnam Economic Times newspaper. It can be used in a variety of applications including brick-laying, plastering and concrete work for structure and foundations.
US: Charah Solutions has opened a terminal for fly ash in Hopedale, Massachusetts. The unit has railway access and is connected to local road networks. It is intended to serve customers in New England.
Charah Solutions says that the terminal will increase the availability of fly ash from its MultiSource materials network locations in the South, New England, the Midwest, the Rocky Mountains and California. These locations supply Class C and Class F fly ash for ready mix concrete producers and other customers.
OneStone Consulting moves to Bulgaria 02 May 2019
Bulgaria: OneStone Consulting has moved its headquarters to Varna. The business-to-business consultancy company was previously based in Barcelona in Spain.