UltraTech Cement Middle East Investments, part of UltraTech Cement in UAE, has invested US$101m to acquire a 29.39 per cent stake in RAK Cement Co for White Cement and Construction Materials PSC.
RAK White Cement reported a turnover of INR4.825bn (US$63.2m) last year, up from INR4.46bn in 2020. The company is registered on the Abu Dhabi and Kuwait stock exchanges.

Holcim Ecuador appoints new production manager at Guayaquil
Holcim Ecuador has welcomed Ivanoff Rojas, as the new production manager of its Guayaquil cem...