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UltraTech Cement mandates SMBC for loan, India

UltraTech Cement Ltd has awarded a sole mandate to Sumitomo Mitsui Banking Corp for a syndicated loan, sources said. One source said the deal size is between US$50m and US$100m. Timing of any pot...
News - 13 September 2012

Competition tribunal serves notice to CCI

The Competition Appellate Tribunal ( COMPAT) has served notice to the Competition Commission of India and the Builders Association of India regarding the INR6307 crore (US$1.1bn) fine issued on 1...
News - 13 September 2012

IBAU HAMBURG delivers road-mobile ship unloader to Sanghi Industries, India

IBAU HAMBURG has recently delivered a road-mobile ship unloader, ordered by Sanghi Industries Ltd. for their Mumbai Cement Terminal. The road-mobile ship unloaders for mini bulk tankers are usua...
News - 12 September 2012

Chettinad Cement to invest in power project, India

Indian cement producer Chettinad Cement is planning to invest around INR1300 crore by way of equity in  associate company Chettinad Power Corp, which is to use the funds to set up a thermal power ...
News - 12 September 2012

Indian producers appeal fine, India

A total of 10 out of 11 Indian cement companies fined in June for cartel practices have approached the Competition Appellate Tribunal to contest the ruling. Sources said the companies had approa...
News - 11 September 2012

Holcim: realising growth potential whilst cutting costs

Holcim highlighted its cost cutting programme and the growth potential in its emerging markets at its latest investor and analyst event, which took place on 3-4 September in Zurich, Switzerland.  ...
News - 10 September 2012

Mangalam Cement appoints CFO, India

Mangalam Cement has informed the board of directors at a meeting held on 3 September 2012, that Anil Kumar Mandot, joint president (Commercial), has been appointed as the chief financial officer (...
News - 07 September 2012

Deutsche upgrades India Cements to buy

Deutsche Bank has upgraded India Cements to "buy" from "hold", while cutting its target price to INR106 from INR120, citing favourable risk-reward on attractive valuations and improving returns on...
News - 07 September 2012

Pakistan capacity utilisation drops to 10-year low

Capacity utilisation of the Pakistan cement industry declined to 68.29 per cent in the first two months of the current fiscal (FY12-13), the lowest level in a decade figures from the All Pakistan ...
News - 06 September 2012

ANH Refractories revamps cement division

ANH Refractories is launching a revamped range of products for the cement manufacturing sector following a period of intensive testing and research. The American owned company says its subsidia...
News - 06 September 2012