Relisted International Cement eyes demand in rapidly developing countries

Singapore

INTERNATIONAL Cement Group (ICG), formerly Compact Metal Industries, is looking to set up more cement plants in Central Asia, Africa and South-east Asia, targeting especially regions that benefit from China's Belt and Road initiatives.

ICG, which had its Mainboard listing recently transferred from Compact Metal following a scheme of arrangement, relisted on March 8, 2019, and is holding a listing ceremony at SGX Arena on Friday.

Group chairman Ma Zhaoyang told reporters …