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Subdued demand recovery outlook after 2015 nadirWhile global cement consumption in 2015 contracted, cement producers can look forward in 2016 to modest gains in demand, but the scenario remains mixed with higher demand unable to raise low capac...Articles - 06 January 2016 |
Lafarge may need to divest of more Indian assets due to mining regulationsLafarge India has submitted a revised proposal to the Competition Commission of India (CCI) to sell its entire 11Mta of assets in India, Business Standard reports, citing an investment banker fami...News - 06 January 2016 |
Pakistan July-November export volumes downPakistan exports fell to 2.63Mt in the first five months of the current fiscal, down 32.62 per cent YoY, official government data reveals. In terms of revenue, exports declined 35.79 per cent duri...News - 06 January 2016 |
Groundbreaking ceremony for JSW West Bengal plantThe JSW Group is set to start construction of a 2.4Mta cement plant in West Bengal, India, with a groundbreaking ceremony to be hosted today. The event will be presided over by Mamata Banerjee, c...News - 06 January 2016 |
India: two new cement plant sites could go to auctionTwo proposed cement plants at Gumma, Chaupal, in the Shimla district and at Nauradhar in the Sirmaur district of Himachal Pradesh, India, could be sold via public auction. The mining wing of the...News - 05 January 2016 |
India: average price declines in DecemberThe average cement price in India declined by 7.3 per cent YoY in December mainly due to weak demand, according to a report by Reliance Securities published in the Economic Times (India). The na...News - 04 January 2016 |
Jaypee gets green nod to expand limestone mining in Andhra PradeshJaypee Cement has received the green approval for expansion of limestone mining capacity from 3.47Mta to 6Mta in Andhra Pradesh, entailing an investment of INR950m (US14.3m). The company has comm...News - 04 January 2016 |
Jaypee Group’s cement assets up for grabsJaypee Group is planning for an outright sale of its 20Mt portfolio of cement assets worth an estimated INR190 (US$2.86bn) enterprise valuation. UltraTech, Dalmia Bharat backed by private equity ...News - 29 December 2015 |
Ramco to establish new Odisha grinding unitChennai-based Ramco Group is planning to establish a 0.9Mta cement grinding plant at Choudwar, district Cuttack, Odisha in eastern India on the Bay of Bengal. The estimated cost of the project is...News - 29 December 2015 |
UltraTech Chhattisgarh mine plan hits hurdleThe government of the central Indian state of Chhattisgarh has cancelled a no objection certificate (NoC) to UltraTech Cement for a limestone mine in Raipur district. The state government on Tu...News - 24 December 2015 |