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In the News

In the News

Press coverage about significant company updates related to business

UCC to remain a rewarding business in spite of the tough domestic situation.

Union Cement Company (UCC), a subsidiary of Shree Cement (India), operates one of the UAE’s largest cement plants. Located in Ras Al Khaimah, adjacent to one of the world’s largest limestone quarries and Mina Saqr port, UCC’s production facility was revamped under Shree Cement’s ownership. ICR speaks with Vijay Somani, CEO and MD of UCC, about the company’s aggressive cost optimisation and export strategy that have enabled UCC to remain a rewarding business in spite of the tough domestic situation.

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RAKEZ Business Excellence Awards 2019 rolls out the red carpet for Ras Al Khaimah’s outstanding businesses

Ras Al Khaimah Economic Zone (RAKEZ) Business Excellence Awards, in cooperation with RAK Department of Economic Development (RAK DED), recognized the best free zone and non-free zone businesses in Ras Al Khaimah for the sixth consecutive year. Set in a grander venue in Al Hamra International Exhibition and Conference Centre in Al Jazirah Al Hamra, the prestigious event welcomed 350 leaders of companies operating in the emirate as well as government representatives

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Shree Cement completes acquisition of Union Cement

India’s Shree Cement has completed its acquisition of Union Cement. Shree Cement has purchased a 97.61% in the company. It is the company’s first acquisition outside of India. Union Cement operates a cement plant Ras Al- Khaimah

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Union Cement to delist shares from local exchange

Union Cement plans to de-list its shares from the Abu Dhabi Securities Exchange and convert the company into a private joint stock company, according to the Gulf News newspaper. India’s Shree Cement agreed to buy Union Cement for US$305m in January 2018 subject to regulatory approval. Union Cement operates a cement plant Ras Al- Khaimah

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UAE’s Union Cement Company to delist shares from ADX

India's Shree Cement announced in January its intention to buy a majority stake in UCC, subject to the latter's conversion into a private joint stock company

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India's Shree Cement to buy $305m stake in RAK group

Shree Cement, one of the biggest cement makers in India, has won approval from the company's board to acquire a majority stake in the UAE-based Union Cement Company (UCC), said a report

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Shree Cement expands into UAE with purchase of Union Cement

India’s Shree Cement has purchased Union Cement Company (UCC) based in the UAE for US$305m. Its board approved the acquisition of at least a 92.8% share in the company, according to the Press Trust of India. The transaction is expected to be completed by September 2018

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Union Cement waste heat recovery project recognised by Dubai Carbon

Union Cement’s waste heat recovery project has been recognised by the Dubai Carbon Centre of Excellence (DCCE) for reducing CO2 emissions in Dubai in 2016

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