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How has Binani Cement ended up facing insolvency?The interest in the insolvency-stricken Binani Cement has been mounting since the summer and large investors are now lining up to bid for the portfolio of cement plants in India, China and UAE. Bu...News - 24 November 2017 |
Pakistan sees 31% YoY rise in exports in October 2017The export revenue of the cement industry in Pakistan fell 18.57 per cent YoY throughout the July-October 2017 period, to PKR9.05bn (US$85.97m) from PKR11.12bn. The volume of cement exported also ...News - 24 November 2017 |
Sanghi Industries sees fall in fuel costSanghi Industries Ltd has seen a fall in fuel and power cost in the September quarter, contradicting the trend of rising fuel prices across India. Sanghi Industries has benefitted from its close...News - 22 November 2017 |
Petcoke ban drives India's North American coal imports to new heightsFears that the Indian government may extend the current ban on petcoke use in the New Delhi Capital Region to the entire country has led to a surge in coal imports from North America, reports Reut...News - 21 November 2017 |
Binani Cement sale attracts multinationals and local producer interestBinani Cement has attracted interest of as many as 15 bidders, say senior officials at the comapny, including CRH, Lafarge and Heidelberg Cement as well as local players India Cement, Orient Cemen...News - 21 November 2017 |
Indian cement companies expected to raise pricesIndian cement companies are expected to raise cement prices in reaction to the recent ban on petcoke and furnace oil, which came into effect in Uttar Pradesh, Haryana and Rajasthan. The ban is ...News - 20 November 2017 |
South India cement prices fall INR16 per bagCement prices in South India have fallen for the second consecutive month, according to The Hindu. The price dropped by INR16 (US$0.24) per bag in October and is currently around INR332. Kera...News - 20 November 2017 |
Votorantim Cimentos reports stable 3Q revenues but drop in adjusted EBITDAIn its third-quarter 2017 results announcement Brazil’s Votorantim Group reported a one per cent increase in the net revenues of Votorantim Cimentos to BRL3.208bn (US$968.2m) from BRL3.19bn in 3Q1...News - 16 November 2017 |
Prism Cement sees rise in 2Q17 EBITDAPrism Cement has posted a 50.4 per cent YoY rise in EBITDA for the 2Q17 period ended 30 September 2017 to INR376m (US$5.78m). The resulting EBITDA margin for the second quarter was 3.2 per cent. T...News - 16 November 2017 |
Star Cement announces 90% net profit increaseStar Cement reported a standalone net profit of INR219.9m (US$3.37m) for the 2Q17 period ended 30 September 2017, a 89.9 per cent increase from the INR108m seen in the year-ago period. The revenu...News - 16 November 2017 |