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HeidelbergCement advances in Asia and Africa, but does less well in Europe

The preliminary figures from HeidelbergCement show an 8.7 per cent advance in turnover last year to €14,020m, or by 4.2 per cent on a comparative basis. EBITDA improved by a more modest 6.7 per c...
News - 07 February 2013

Italcementi: European decline largely offset by Asian improvement

Italcementi's group cement shipments in 2012 saw a decline of 6.6 per cent to 45.9Mt with cement volumes being down in Europe and in the Middle East, but improving elsewhere. Group turnover dec...
News - 07 February 2013

Vicat advances in India and Kazakhstan

Vicat's turnover increased by 1.2 per cent in 2012 to €2292.2m, which becomes an underlying decline of 0.2 per cent on a like-for-like basis. Turnover in cement was ahead by 1.6 per cent to €1155...
News - 06 February 2013

UltraTech Cement plans to raise US$100m from IFC

UltraTech Cement plans to raise approximately US$100m from the International Finance Corporation (IFC) to support its US$297m expansion in Chhattisgarh. According to local media, the company p...
News - 06 February 2013

HeidelbergCement

HeidelbergCement India has completed the expansion of its Jhansi grinding centre in Uttar Pradesh from 0.8Mta to 2.7Mta. An increase in the clinker capacity at the Damoh works in Madhya Pradesh...
Corporate - 05 February 2013

Chettinad Cement gets shareholders’ nod for delisting

Chettinad Cement announced that it has received shareholders' approval to delist the company’s shares from the stock exchanges. In a filing to the Bombay Stock Exchange (BSE) the company said t...
News - 05 February 2013

UltraTech Cement in talks to buy ABG Cement plant, India

India’s largest cement producer, UltraTech Cement, is in talks to purchase an incomplete 6.7Mta cement plant in Gujarat owned by the ABG Cement group, the Economic Times of India reports. “Exec...
News - 05 February 2013

Five killed in Ambuja Cements industrial accident, India

An industrial incident at Ambuja Cement’s plant in Balodabazar district, Chhattisgarh, has claimed the lives of five factory workers. Local press have reported that the fatalities occurred due ...
News - 04 February 2013

Indian prices see improvements in January

Indian cement prices have improved through January following a sharp fall in December, the Economic Times of India reports. Delhi, Bangalore and Hyderabad proved to be the only exceptions with pri...
News - 01 February 2013

Global growth outlook

The head of the International Monetary Fund, Christine Lagarde, said this week at a World Economic Forum (WEF) that 2013 will be a defining year in terms of finally getting beyond the economic c...
International Cement Review Editor's Blog - 30 January 2013