Search Results
LafargeHolcimLafargeHolcim has agreed to sell Lafarge India to the Indian conglomerate Nirma Ltd for around US$1400m. It will be Nirma’s first investment in the cement sector and comes in spite of a marginally...Corporate - 02 August 2016 |
Pakistan cement exports down 27.6% in FY15-16Pakistan's cement industry exported 5.97Mt of cement in FY15-16, which represents a fall of 22.3 per cent YoY, according to the Pakistan Bureau of Statistics. The bureau attributes the decline to ...News - 29 July 2016 |
India: Zuari Cement gets new MD as part of Italcementi acquisitionJamshed Naval Cooper, formerly CEO and managing director of HeidelbergCement India Ltd (HCIL), is to become managing director of Zuari Cement and managing director of HCIL, India Infoline reports....News - 28 July 2016 |
India: Ambuja and ACC report profit rises for 2Q16LafargeHolcim’s Indian subsidiaries ACC and Ambuja Cements have both reported an increase in profits for the second quarter of 2016. In the three months to June, Ambuja Cements’ net sales were ...News - 27 July 2016 |
India: UltraTech purchases more coal linkagesUltraTech Cement has won an auction for 95,000t of coal from Junadhi Mines in Chhattisgarh. The rights to use the coal are being sold off as part of a wider exercise within the Indian coal indust...News - 27 July 2016 |
India: Emami plans national presenceEmami Cement Ltd, part of the Emami Group, announced its plans to expand on a national scale over the next 5-7 years, with intentions to open plants in areas such as Rajasthan and Karnataka, India...News - 27 July 2016 |
India: Lakshmi Cement gets green light to expand Sirohi limestone mineLakshmi Cement has been given environmental clearance to expand its opencast limestone mine in the Sirohi district of Rajasthan. Under the proposals, the mine’s capacity will be expanded from 8...News - 26 July 2016 |
HeidelbergCement India sees revenue rise by 7.2%In its earnings statement for 1QFY16-17, HeidelbergCement India reported that its revenues rose by 7.2 per cent YoY, while net profits rose from INR34.4m (US$0.5m) to INR262.6m (US$3.9m). Accor...News - 25 July 2016 |
India: fresh calls for Kerala to control rising cement pricesThe price of cement in Kerala – which has reached up to INR430/bag (US$6.40) – has again provoked calls for the state government to intervene, reports the Hindu. The newspaper quotes a cement d...News - 25 July 2016 |
Anhui ConchAnhui Conch has missed out on the chance to acquire Lafarge India, despite its offer of INR95bn (US$1.4bn) coming in higher than the winning bid. A deal was finally struck with Nirma Ltd at INR94b...Corporate - 22 July 2016 |