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India: feeling the heatThe trend witnessed in the quarterly performance of India’s cement companies during January-March 2013 indicates that the industry is still far from being out of the woods. UltraTech Cement...Articles - 31 July 2013 |
UltraTech first quarter hit by building slowdownUltraTech Cement, India's largest cement producer, posted a 13.5 per cent YoY decline in its first quarter (April-June 2013), due to slowdown in home building and infrastructure projects. The Ad...News - 30 July 2013 |
Madras Cement quarterly net profit down 44%Madras Cement’s net profit for the first quarter of 2013-14 dropped by 44 per cent compared to the corresponding quarter of last year. Net profit for the quarter ended 30 June 2013, stood at I...News - 30 July 2013 |
UltraTech marches on...Despite the recent challenges being faced by the Indian cement industry, the country’s largest producer, UltraTech Cement, has continued to press ahead with its expansion plans given expectations ...Articles - 29 July 2013 |
HeidelbergCement India notes INR80m 1Q13-14 lossHigher input costs as well as a rise in fuel and power costs pushed HeidelbergCement’s Indian subsidiary into the red. The company reported a loss of INR79.5m (US$1.34m) for the first quarter ende...News - 29 July 2013 |
India’s JK Cement reports 55% drop in 1QFY13-14FYJK Cement reported a 55 per cent drop in its net profit at INR310m (US$5.22m) for the quarter ended 30 June 2013 as a result of lower realisation and higher input costs. In the corresponding quart...News - 29 July 2013 |
Lafarge trims market growth outlook, debt reduction goal on trackLafarge reported a marked rise in 2Q net profit although consolidated sales declined. The company has now trimmed its forecast for cement market growth this year but confirmed its goal to reduce d...News - 26 July 2013 |
UltraTech CementUltraTech Cement is going ahead with its plans for a US$415m greenfield cement plant in Tamil Nadu, India’s southernmost state. The plant will have a cement capacity of 5.5Mta and a clinker capaci...Corporate - 26 July 2013 |
Lafarge hit by winter weather and lack of carbon credit salesLafarge's first-half turnover eased by 4.8 per cent to EUR7248m (US$9628.3m) and the EBITDA declined by 14 per cent to EUR1302m, while the trading profit fell by 21.8 per cent to EUR791m. The gain...News - 26 July 2013 |
Holcim streamlines Indian operationsHolcim is to increase its shareholding in Ambuja Cements as part of the Swiss major's strategy to restructure and streamline its operations in India. Through intragroup restructuring, Holcim will...News - 25 July 2013 |