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Pakistan export earnings fall

Pakistan exports have had a disappointing start to the current fiscal, falling 1.98 and 3.46 per cent in terms of quantity and dollar value, respectively on a MoM basis. During July 2013, Pakist...
News - 09 September 2013

ACC plans West Bengal grinding plant, India

ACC Ltd plans to boost its cement capacity in eastern India through the construction of a new grinding plant in West Bengal, as well as expansion of two existing facilities. Vivek Chawla, Chief...
News - 04 September 2013

CRH

CRH's Indian joint venture My Home Industries is acquiring Sree Jayajothi Cements Ltd in Andhra Pradesh (southern India) with a 3.2Mta cement capacity for an enterprise value of €175m. CRH's equit...
Corporate - 03 September 2013

Holcim

Turnover declined by 5.1 per cent to CHF9649m, or by 6.9 per cent in euro terms to €7847m. The running EBITDA was 3.4 per cent lower at CHF1819m (€1480m -5.3 per cent). The trading profit eased by...
Corporate - 03 September 2013

UltraTech Cement

UltraTech Cement has reported a 13.5 per cent fall in its profit after tax in the quarter ending 30 June, dropping from INR7.78bn in 2Q12 to INR6.73bn (US$111m). Profit before interest, depreciati...
Corporate - 02 September 2013

Dry bulk freight market lifts on capesize advance

The dry bulk freight market appears to be picking up as capesize vessels are reported to leading the uplift. The Baltic Dry Index has started to show some improvement although it slipped slightly ...
News - 30 August 2013

India invites expressions of interest for CCI units

The government of India has announced plans to sell four non-operating units of state-owned Cement Corporation of India. “Cement Corporation of India has started the sale process as it has invite...
News - 29 August 2013

Andhra Pradesh orders plant closure, India

The Andhra Pradesh Pollution Control Board (APPCB) has ordered the closure of India Cements Ltd factory at Yerraguntla for non-compliance of regulatory standards, resulting in the pollution of sur...
News - 29 August 2013

UltraTech poised for Jaiprakash's Gujarat units

UltraTech Cement is said to be in advanced stages of discussions to acquire the Gujarat-based cement units of Jaiprakash Associates, local media have reported. Sources familiar with the deal told...
News - 27 August 2013

FLSmidth releases interim report 1H13

Danish turnkey supplier FLSmidth announced that its 1H13 order book has slipped, while revenues are also down. The company said : "Cement earnings were significantly below last year as expected. O...
News - 23 August 2013