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India: JK Lakshmi Cement 4Q net profit soarsJK Lakshmi Cement’s net profit soared in the quarter ended 31 March 2016 from INR60.5m (US$ 0.90m) to INR483.8m YoY. Total 4Q revenues of the company jumped 27 per cent from INR5.782bn in FY14-15...News - 19 May 2016 |
Negative order intake of EUR1.1m for KHD in 1Q16Order intake in the first quarter of 2016 was negative at EUR-1.1m. This is due to the low level of new business (EUR12.8m), order cancellations and reductions (EUR-9.1m) the company stated as wel...News - 13 May 2016 |
India: Adilabad cement plant could reopenA closed cement factory at Adilabad will be the discussion of a possible reopening as Union Heavy Industry Minister Anant Geete is set to hold a meeting with officials of the Telangana government ...News - 13 May 2016 |
Quarterly results disappoint as LafargeHolcim struggles to consolidateLafargeHolcim's results for the first quarter of 2016 have disappointed analysts as the company announced that EBITDA had fallen by 17 per cent on like-for-like terms compared to the same period i...News - 13 May 2016 |
LafargeHolcim: cement volumes up 1.4% but revenues flatIn its results for 1Q16, LafargeHolcim announced that cement volume sales rose by 1.4 per cent YoY with the Asia-Pacific region accounting for most of the improvement. Like-for-like revenues were ...News - 12 May 2016 |
India: ECO Cement to produce for Prism CementCogencis EquityWire reports that ECO Cement (ECL) and Prism Cement have reached an agreement whereby the former will manufacture and supply cement to the latter. "The arrangement with ECL is ex...News - 11 May 2016 |
India: Sagar Cements ordered to stop mining in Sulthanpur forestSagar Cements have been ordered by the National Green Tribunal (NGT) to cease mining activity in Sulthanpur forest in Telangana following a complaint that the company was encroaching on forest lan...News - 10 May 2016 |
India: Dalmia removes barrier to Lafarge-Holcim mergerAn application for withdrawal made by Dalmia Cement Ltd has been accepted by The Competition Appellate Tribunal (COMPAT). Dalmia Cement had previously challenged an approval given for the merger b...News - 10 May 2016 |
India: Birla sees Q4 profit rise to US$17mBirla Corporation has released its earnings figures for the three months to 31 March 2016, during which time the firm achieved a profit of INR1.16bn (US$17.4m), up fourfold on a year earlier, the ...News - 09 May 2016 |
India: Grasim and UltraTech well positioned for growthGrasim Industries, a subsidiary of UltraTech, has announced impressive results and signs of a recovery in cement demand growth, which is estimated at ~11.5 per cent for the current quarter. Mea...News - 09 May 2016 |