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News International Cement Group planning to expand in Asia and Africa

International Cement Group planning to expand in Asia and Africa

Written by Global Cement staff 29 March 2019
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Singapore: International Cement Group is planning to build new cement plants in Central Asia, Africa and South-east Asia to complement China’s Belt and Road Initiative. The company, formerly known as Compact Metal Industries, has held a ceremony to mark its listing at the Singapore Stock Exchange, according to the Business Times Singapore newspaper.

The company holds a 65% stake in a 1.2Mt/yr cement plant in Tajikistan. This unit’s production capacity was recently upgraded to 1.35Mt/yr. In mid-2018 it said it was building a new plant in Kazakhstan. This project is scheduled for commissioning by the end of 2019. In late 2018 the group said it had failed to buy a majority stake in a partially-built cement plant at Salamanga in Mozambique. In March 2019 the group agreed to buy a majority stake in Namibia’s Ohorongo Cement from Schwenk Namibia for US$104m.

Last modified on 03 April 2019
Published in Global Cement News
Tagged under
  • Singapore
  • International Cement
  • Plant
  • China
  • Tajikistan
  • Kazakhstan
  • Namibia
  • Mozambique
  • Compact Metal Industries
  • GCW398

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