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ACC seen posting 12 per cent rise in 1QFY13 net profit

ACC is likely to post a 12 per cent YoY rise in net profit at INR3.78bn for the first quarter of the current fiscal (FY12-13), according to the average of 22 brokerages' estimates, Moneywire repor...
News - 19 July 2012

UltraTech seen posting 8% YoY net profit rise

UltraTech Cement is expected to post an 8% YoY rise in net profit for the first quarter of fiscal year 2012-13 (FY12-13) on the back of better sales realisation and a low base effect, an average e...
News - 18 July 2012

Assam cement producers cut prices, India

Cement producers in the northeastern Indian state of Assam have cut prices by 7-8 per cent per bag, according to reports in the Economic Times of India. The newspaper writes that manufacturers ...
News - 17 July 2012

Coal India threatens to cut supplies to four UltraTech Cement power plants

Coal India has threatened to cut supplies to four of UltraTech Cement’s captive power plants located in the Indian states of Rajasthan, Chhattisgarh and Madhya Pradesh. DNA India reported that la...
News - 16 July 2012

Brazilian market adjustments

The recently-approved takeover of Cimpor by Brazilian conglomerate Camargo Correa will not only lead to the reorganisation of the Portuguese cement major's operations, but is also set to alter the...
News - 16 July 2012

Breaking ground on new plants

Cement plant construction has begun to ease off in former cement production hotspots such as Central Europe and North America but new contracts are forging ahead in the Crimea, South America and m...
Articles - 16 July 2012

Madras Cements boosts grinding and power generation capacity

India-based producer Madras Cements is currently in the process of increasing grinding capacity at two of its cement works while two power generation projects are set to become operational in the ...
News - 11 July 2012

Shriram aims to raise Jayajothi Cements’ utilisation

Indian engineering company Shriram EPC, which earlier this year acquired a majority stake in Sree Jayajothi Cements, plans to raise the cement plant’s capacity utilisation to 100 per cent.  In ...
News - 10 July 2012

Pakistan cuts Indian cement export prices

Pakistan cement producers have cut export prices for India by 13 per cent due to currency movements. The Business Recorder of Pakistan reports that due to the depreciation of the Pakistan rupee...
News - 10 July 2012

Citigroup lowers Italcementi price target, Italy

Citigroup has lowered its price target on Italcementi to EUR3.60 from EUR4.10, after cutting by 15% the pre-tax profit estimates for the Italian cement producer in 2012 and 2013. The prices and ...
News - 09 July 2012