The group is also likely to face affected margins, with an estimated 1.2 percentage point erosion on its gross margin due to the higher oil prices, which is driving up cost of sales.Furthermore, the group is expecting to face increased competition in Tajikistan, with another cement producer adding a...

After closing its cement plant located in Kazakhstan’s Almaty region over the weekend, International Cement Group has decided to reopen its plant due to the “stabilised” situation in the country. Kazakhstan had been facing unrest since demonstrations began on Jan 2 in the town of Zhanaozen. �...

Amid the unrest in Kazakhstan, International Cement Group says it “remains cautious” and has decided to temporarily close its cement plant in the country’s Almaty region. The closure was done in a bid to protect its employees and the plant. With this, the group says it is “unable to quanti...

International Cement Group has set up a joint venture company for the construction of a cement plant in Jambyl, Kazakhstan. The JV company will oversee the construction of a new dry process cement clinker production line with a daily production of 3,500 tonnes of clinker in the Jambyl region. The re...

MAINBOARD-LISTED International Cement Group (ICG) has announced that its subsidiary Sharcem has entered into a sale and purchase agreement to acquire cement-related assets in Kazakhstan on an "as-is" condition.

International Cement Group (ICG) plans to acquire cement-related assets in Kazakhstan for a cash consideration of KZT 7.07 billion ($22.11 million). In a filing to the Singapore Exchange (SGX) dated April 12, ICG announced that its wholly-owned subsidiary International Cement Share has incorporated ...

International Cement Group (formerly Compact Metal Industries), a cement producer and distributor in the Central Asia region, announced that its 1H20 earnings have increased by some 23% to $6.0 million from $4.9 million in 1H19. This translates to earnings per share of 0.1 cent, up from 0.9 cent las...

THE Singapore Exchange has granted International Cement Group a six-month extension to Dec 4, 2020, to exit from its watch list under the minimum trading price (MTP) entry criteria.

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INTERNATIONAL Cement Group (ICG) has called off its proposed US$104.4 million cash purchase of African cement producer Schwenk Namibia, the watch-listed cement producer said in a bourse filing on Monday morning.

THE following companies saw new developments that may affect trading of their shares on Monday:

INTERNATIONAL Cement Group (ICG) has called off its proposed US$104.4 million purchase of African cement producer Schwenk Namibia, the watch-listed cement producer said in a bourse filing on Monday.

INTERNATIONAL Cement Group (ICG) has extended, by six months, the long stop date to fulfil the closing conditions of its proposed US$104.4 million purchase of African cement producer Schwenk Namibia.

THE Singapore Exchange (SGX) has rejected International Cement Group's (ICG) proposed US$104.4 million purchase of Schwenk Namibia for failing to meet certain thresholds relating to a very substantial acquisition (VSA), said the watch-listed cement producer on Monday.

SGX also ordered ICG to conduct pre-deal anti-money laundering due diligence on the source of funds for any future major transactions or very substantial acquisition. The post SGX rejects International Cement Group’s proposal to buy Namibian firm appeared first on DealStreetAsia.