SINGAPORE, Nov. 18, 2024 /PRNewswire/ -- Mainboard-listed International Cement Group ("ICG" or the "Company", and together with its subsidiaries, the "Group"), a leading cement producer and distributor in Central Asia, is pleased to announce the opening of its fourth integrated cement plant, Korcem.
The official ceremony, held on 30 October 2024, was attended by the Governor of Jambyl Region, Mr. Yerbol Karashukeyev, along with other distinguished government officials and dignitaries, underscoring the importance of this milestone for Kazakhstan's infrastructure development.
Located in Korday District in Kazakhstan's Jambyl Region, the new plant adds 1.5 million metric tonnes to the Group's annual cement production capacity, positioning ICG as the largest new dry process cement producer in Kazakhstan with a total annual capacity of 3.7 million metric tonnes across three integrated cement plants.
The Korcem plant represents the largest single investment made by a Singaporean company in Kazakhstan to date, with an estimated cost exceeding US$153 million (S$201.81 million equivalent). This significant financial commitment underlines ICG's dedication to supporting Central Asia's dynamic construction sector driven by infrastructure and urbanization needs.
Located near Almaty, Kazakhstan's financial center, and the Alatau Special Economic Zone (SEZ), the Korcem plant is well-placed to support major development projects and growing urban areas. Its proximity to Bishkek, the capital of neighboring Kyrgyzstan, also provides access to potential export opportunities.
The Alatau SEZ is expected to become an important economic center in Central Asia, planned to accommodate around 2 million residents and create 1.1 million jobs. Developed in partnership with Singapore's Surbana Jurong, the SEZ highlights international collaboration for sustainable urban growth and is expected to be a key market of ICG's cement products.
"We are proud to announce the completion of this significant project, which establishes ICG as the largest new dry process cement producer in Kazakhstan. The outlook for our cement business remains robust as we focus on strategic growth and operational excellence, allowing us to meet the increasing infrastructure demands across Central Asia. With the completion of this new integrated plant, ICG's total cement production capacity in Central Asia will increase 37.5% to 5.5 million metric tonnes per year, solidifying the Group's leadership in the regional cement market," said Mr. Zhang Zengtao, Chief Executive Officer of International Cement Group.
The new Korcem plant is expected to generate over 300 jobs for local communities, contributing significantly to the economic development of the Jambyl Region. An initiative well received and supported by the Kazakhstan government. In addition, the plant will support critical infrastructure projects, further driving economic growth in Kazakhstan and the surrounding regions.
The Korcem plant is expected to commence contributing to the Group's sales volume in the second quarter of 2025. As the company enhances its production capacity and market share, this expansion will further ensure ICG's continued leadership in the region's cement industry.
-- End --
About International Cement Group (www.internationalcementgroup.com)
International Cement Group Ltd. and its subsidiaries (the "Group") is primarily involved in the production, sale and/or distribution of cement, gypsum plasterboards, and related products in the Central Asia region.
The Group owns and operates the largest integrated cement plant with an annual production capacity of 1.2 million metric tonnes in the Khatlon region of Tajikistan and a grinding station with an annual cement production capacity of 0.6 million metric tonnes in Kolkhozabad in Khatlon region. Additionally, the Group owns and operates a gypsum plasterboard plant in the Yovon district with an annual production capacity of 30 million square meters, which commenced commercial production in December 2023.
Beyond its operations in Tajikistan, the Group completed its fourth integrated cement plant in the Korday district, Jambyl region of Kazakhstan, which annual production capacity of 1.5 million metric tonnes.
The Group also owns and operates another two integrated cement plants in Kazakhstan, located in the Almaty and East Kazakhstan regions, with annual production capacities of 1.2 million and 1.0 million metric tonnes, respectively.
The Group also has an established presence in the manufacturing and marketing of aluminum extrusions for the construction industry in Singapore.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
International Cement Group Becomes Largest Dry Cement Producer in Kazakhstan with New Plant
SINGAPORE, Nov. 18, 2024 /PRNewswire/ -- Mega Matrix Inc. ("MPU" or the "Company") (NYSE American: MPU), today announced that it is set to debut the urban romantic comedy Tears After 'I Do' on November 26th on FlexTV, its globally leading short-form drama streaming platform. This series promises audiences a rollercoaster love story filled with humor and warmth, blending unexpected twists with a romantic ambiance.
The story unfolds five years after Jace, at his mother's request, enters a nominal marriage with Audrey, the daughter of his mother's late best friend, only to impulsively leave the country soon after. Now a successful figure, Jace returns home and unknowingly crosses paths with Audrey, who works as a designer at HyperMode Designs, a company he is now set to finance. As they spend more time together, they begin to feel a mutual attraction, yet a series of misunderstandings and external meddling keep their true relationship from coming to light.
Through the contrasting personalities of Jace and Audrey, along with their undeniable chemistry, Tears After 'I Do' invites viewers into their unique journey. With soft lighting, low contrast, and warm tones, the director creates a lighthearted viewing experience, giving audiences both visual and emotional delight.
MPU operates the world's leading short drama streaming platform FlexTV, currently distributing short drama content to over 100 countries worldwide, covering multiple language versions such as English, Japanese, Korean, Portuguese, Spanish, French, and Arabic. It has won the favor of audiences around the world with its high-quality short dramas and excellent user experience. With its global premiere on November 26th, Tears After 'I Do' brings a unique narrative and cinematic appeal, inviting viewers to experience the power of love, resilience, and the pursuit of true happiness amid challenges. To discover more exciting series, please visit https://www.flextv.cc/.
#Romance #Comedy #UrbanDrama #ShortDrama #FlexTV #MPU
About Mega Matrix Inc.: Mega Matrix Inc. (NYSE American: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through Yuder Pte, Ltd., an indirect wholly owned subsidiary of the Company. Mega Matrix Inc. is a Cayman Islands corporation headquartered in Singapore. For more information, please contact info@megamatrix.io or visit: http://www.megamatrix.io.
Key Metrics
The numbers for our key metrics, which include our total active users (TAU), total paying users (TPU), average membership and top-up streaming service revenue per active user (ARPU), and average membership and top-up streaming service revenue per paying user (ARPPU), are calculated using internal company data based on the activity of user accounts. We define an active user as a user who has downloaded and opened the FlexTV app at least once. We define a paying user as a user who has registered for a membership or has topped up, provided a method of payment, and is entitled to access FlexTV services (this membership or topping up does not include participation in free trials or other promotional offers extended by FlexTV to new users). We define ARPU as average membership and top-up streaming services revenue generated by each active user in one quarter. We define ARPPU as average membership and top-up streaming services revenue generated by each paying user in one quarter. We use these metrics to assess the growth and health of the overall business and believe that ARPU best reflects our ability to attract, retain, engage and monetize our users, and thereby drive revenue. While these numbers are based on what we believe to be reasonable estimates of our user base for the applicable period of measurement, there are inherent challenges in measuring usage of our products across large online and mobile populations around the world. In addition, we are continually seeking to improve our estimates of our user base, and such estimates may change due to improvements or changes in technology or our methodology.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose," and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand our FlexTV business; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company's profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company's new lines of business may be adversely affected by other economic, business, and/or competitive factors. The forward-looking statements in this press release and the Company's future results of operations are subject to additional risks and uncertainties set forth under the heading "Risk Factors" in documents filed by the Company with the Securities and Exchange Commission ("SEC"), including the Company's latest annual report on Form 10-K, as amended, filed with the SEC on August 19, 2024, and are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the Company's inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company's assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.
Disclosure Channels
We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels:
X (f/k/a Twitter):
twitter.com/MegaMatrixMPU
Facebook:
facebook.com/megamatrixmpu
facebook.com/flextvus
LinkedIn:
linkedin.com/company/megamatrixmpu
TikTok:
tiktok.com/@flextv_english
YouTube:
youtube.com/@FlexTV_English
The Company will also use its landing page on its corporate website (www.megamatrix.io) to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website.
For inquiries, please contact: Info@megamatrix.io
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Mega Matrix Announces that the Romantic Comedy Drama "Tears After 'I Do'" to Be Launched on November 26
