MACAU, Nov. 18, 2024 /PRNewswire/ -- On November 14-17, the final rounds of the FIA TCR World Tour were held at Guia Circuit in Macau, S.A.R. As the 2024 season concluded on the legendary street track, Lynk & Co Cyan Racing has again secured the 2024 FIA TCR World Tour team World Title, with the 100th podium finish in the first round.
Guia Circuit, the track for the Macau race, is an iconic urban circuit featuring long straights and tight corners. With the sharp Lisboa Bend and a minimum width of 7 meters at Melco Hairpin, the circuit offers limited overtaking opportunities for riders. As the final rounds for the heated champion title competitions, this track intensifies the race with unpredictable and complicated possibilities.
Soon after the qualifying session started, it started to drizzle and accidents occurred frequently on the slippery track. The team's luck continued into R1, with Björk leading the race behind the safety car until the end of the round. Yann Ehrlacher finished fourth place, securing the team's title for Lynk & Co Cyan Racing in advance. The chaotic weather conditions in R2 caused a three-hour delay to the race and affected the team's performance. After this round, Lynk & Co Cyan Racing has concluded its 2024 FIA TCR World Tour journey and successfully defended the team's title with a total of 735 points. Thed Björk finished as the vice-champion with a slight gap of 11 points.
The track condition in Macau put higher demands on the car's handling performance and flexible driving. Lynk & Co 03 TCR still showed a very reliable and competitive performance in the race under the restrictions of the compensation weight system. Fredrik Wahlén, Team Manager and CEO of Lynk & Co Cyan Racing, expressed that the team had been cooperating with Lynk & Co smoothly and had once again demonstrated their status as the best touring car team in the world. With seven world titles in six years, it was an achievement that everyone on the team can be truly proud of. The achievement demonstrates Lynk & Co's outstanding car manufacturing and tuning technology, and showcases the brand's high-performance racing genes.
Standing on current success, the team is eager to embrace new challenges and further push the limits of performance in the coming season. In the future, Lynk & Co will actively explore the design of performance cars on and off the track, strive to meet users' diverse demands for vehicle performance, and continuously excel the technology towards future.
About Lynk & Co:
Launched in 2016, Lynk & Co is created for the new generation of open urbanites. Lynk & Co is not just a new car brand but a new brand in the car industry. Born global, open, and connected, the brand aims to build an open platform connecting people, cars, and the world.
Contact:
lynkco.media@lynkco.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Lynk & Co Cyan Racing Triumphs in Macau, Claims 7 World Titles in 6 Years
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.
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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
