Sharcem to acquire cement plant from Kazakhcement

Sharcem, a subsidiary of International Cement Group, entered into a sale and purchase agreement with Kazakhcement and the Development Bank of Kazakhstan to acquire a cement plant and related assets for KZT7.07 billion (US$16.3 million). The acquisition is expected to increase the group's total cement capacity by 1 million tonnes per annum to 4 million tonnes per annum.

“Sharcem has subsequently entered into a sale and purchase agreement (SPA) with Kazakhcement and the Development Bank of Kazakhstan for the sale of a cement plant and related assets in the country.”cemnet.com

• 1 source
• cemnet.comSharcem set to acquire plant from Kazakhcement | CemNetApr 14, 2021

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