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Star Cement receives government subsidies to reduce debt

Star Cement has received INR2bn (US$29.7m) towards a subsidies claim from the central government. The company intends to use the amount to further reduce its debt. Earlier in April company had r...
News - 10 May 2018

Asia contributes strongly to HeidelbergCement 1Q18 results

HeidelbergCement's 1Q18 results saw sales volumes in Europe and North America impaired by a long winter and a reduced number of working days, but some emerging countries recorded considerable incr...
News - 09 May 2018

Sanghi Cement gets environmental clearance for Abdasa

Sanghi Cement has received environmental clearance for its capacity expansion project at Abdasa, Kutch district, India. The cement producer is currently boosting cement capacity from 4Mta to 8....
News - 08 May 2018

Orient Cement announces 4% revenue increase

India's Orient Cement (OCL) has announced a 3.9 per cent YoY increase in revenue for the final quarter of FY18, rising to INR6.2bn (US$92.79m) from INR5.97bn. However, this was below estimates of ...
News - 04 May 2018

MP backs new cement plant for Chamba district

Shanta Kumar, Member Parliament, of the BJP has stated that the demand for a cement plant in the Chamba district of Himachal Pradesh, India, should soon be met. He hopes plans will be fulfilled by...
News - 04 May 2018

Vicat advances in most areas, other than Egypt and Switzerland

Vicat's 1Q18 turnover showed 3.9 per cent improvement to EUR573m, which represents an underlying advance of 10.8 per cent at constant parameters and exchange rates. The cement turnover grew by 2.5...
News - 03 May 2018

Growth of Indian cement sector slows in March

The growth of Indian cement output has slowed in March to 13 per cent, compared to 23 per cent of the previous month. However, the cement sector was one of the principal performers throughout FY18...
News - 02 May 2018

Votorantim Cimentos

Votorantim Cimentos generated a turnover 6.9 per cent lower at BRL11,104m (US$3165.8m/ EUR2622m) and EBITDA declined by some 25.7 per cent to around BRL1762m (EUR416m). Group cement deliveries dec...
Corporate - 02 May 2018

UltraTech moves closer to plant operation

India-based UltraTech Cement has moved closer to commencing operations at its plant in Sonbhadra, Uttar Pradesh. The facility, initially owned by JP Associates (JPA), can only begin operations onc...
News - 02 May 2018

Pakistan cement export revenue continues to grow

Pakistan cement exports during the first nine months of the current fiscal year (July 2017-March 2018) recorded a YoY fall of 8.5 and 13 per cent in terms of quantity and value in dollar, respe...
News - 01 May 2018