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India Cements unit is ordered to closeThe Pollution Control Board (PCB) has ordered the closure of India Cements Ltd's Yerraguntla plant and initiated action against four more cement factories in Kadapa district, for non-compliance of...News - 23 August 2013 |
India: delayed asset sale could help Jaiprakash AssociatesTo overturn its spiralling debts, Jaiprakash Associates (JA) has been actively seeking to sell off its 4.8Mta cement plant in Gujarat. The release of such assets is seen as a necessity to aid the ...News - 23 August 2013 |
Cherat Cement earns INR1.22bnThere were mixed reactions to Cherat Cement's FY13 results. JS Global said it was below expectations, while analysts at AHL Research thought the earnings were "respectable". Cherat Cement Company...News - 22 August 2013 |
CRH hit by hard winterCRH's first-half turnover declined by 3.2 per cent to €8007m and the EBITDA fell by 24 per cent to €397m. The trading profit dropped by 74.7 per cent to €41m and the pre-tax result fell from a €1...News - 21 August 2013 |
Cement makers hit by infrastructure slump in emerging marketsCement producers have been sliding on the financial stock exchanges as emerging market bonds and equities tumble, according to the Financial Times. Many of the region’s building materials groups h...News - 20 August 2013 |
Pakistan: Attock Cement to set up Basra grinding unitAttock Cement plans to invest US$25m in a new grinding plant in the city of Basra, Iraq, making it the third Pakistan-based cement manufacturer to venture into the Middle East and Africa region. T...News - 19 August 2013 |
Holcim profit leaps, sales below expectationsHolcim’s first-half results were boosted by higher net income but sales disappointed, particularly in India, the group's key market in Asia. For the full-year, the Swiss major now expects more mut...News - 16 August 2013 |
Cost cuts help Holcim 2Q net profit edge aheadHolcim has reported a slight increase in 2Q net profit as cost cuts helped boost profitability but weaker demand in India, Canada and Mexico fell short of expectations. Net income edged u...News - 15 August 2013 |
India Cements reports fifth consecutive quarterly drop in net profitIndia Cement has reported its fifth consecutive quarterly drop due to forex losses and a lower pricing environment. Net profit for the first quarter of the current fiscal declined by 72 per cent...News - 14 August 2013 |
Bids for Cement Corp of India units invitedSBI Capital Markets has invited global bids to sell state-run Cement Corp of India Ltd's four non-operating units through an e-auction process. The company has put its 400,000tpa works in A...News - 13 August 2013 |