17 January 2023
China Shanshui Cement’s profit drops by over 70% in 2022 17 January 2023
China: China Shanshui Cement recorded a 70% year-on-year drop in its profit throughout 2022. Reuters has reported that the decline is the outcome of a rise in costs for the producer.
UkrainInvest helps to establish grinding plants in Ukraine 17 January 2023
Ukraine: Ukrainian foreign investors’ fund UkrainInvest contributed US$20m towards the establishment of new grinding plants in Ukraine in 2022. Ukraine Business News has reported that the fund received 126,000 investments in 2022, up by a factor of six year-on-year. It added 11 projects worth US$2bn to its portfolio throughout the year, during which Russia launched its on-going invasion of Ukraine.
India: NCL Industries produced 713,000t of cement in October – December 2022, the third quarter of the 2023 financial year. The figure corresponds to a rise of 27% year-on-year from 561,000t in the corresponding quarter of the 2022 financial year. NCL Industries produced 19,300t of cement boards throughout the quarter, down by 3% year-on-year from 19,900t.
Lafarge Cement Zimbabwe becomes Khayah Cement 17 January 2023
Zimbabwe: Lafarge Cement Zimbabwe has rebranded to Khayah Cement amidst its on-going corporate restructuring. The Sunday News has reported that Khayah Cement is in the process of reconstituting its board of directors and board committees.
Schwenk Eesti cleared to gain majority stake in Betoonimeister 17 January 2023
Estonia: The Estonian Competition Authority has granted permission to Schwenk Eesti to gain a majority stake in ready-mix concrete producer Betoonimeister. Baltic Business Daily News has reported that Betoonimeister's six ready-mix concrete batching plants are located in Tallinn, Tartu, Johvi, Tapa and Parnu.