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The latest announcement is out from International Cement Group Ltd. ( (SG:KUO) ).
Kazakhstan’s Prime Minister, Olzhas Bektenov, visited International Cement Group’s Korcem cement plant, highlighting the government’s support for strategic industries like cement. The plant, which began operations in October 2024 after a US$153 million investment, significantly increases ICG’s production capacity and underscores its commitment to sustainability and regional economic development. The visit emphasized the plant’s role in Kazakhstan’s infrastructure growth and the importance of policy support for further efficiency gains. The Prime Minister encouraged collaboration with educational institutions to enhance local technical skills and job opportunities.
More about International Cement Group Ltd.
International Cement Group Ltd. is a mainboard-listed company involved in the cement industry. It focuses on producing cement and related products, with a significant market presence in Kazakhstan and plans for export to neighboring countries such as Uzbekistan and Kyrgyzstan.
YTD Price Performance: -20.0%
Average Trading Volume: 1,420,216
Technical Sentiment Signal: Buy
Current Market Cap: S$92.89M
For a thorough assessment of KUO stock, go to TipRanks’ Stock Analysis page.