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Votorantim: June '12As part of the agreed asset exchange between Votorantim and fellow Brazilian investor Camargo Corrêa, Votorantim will acquire Cimpor's interests in Morocco, Tunisia, Turkey, India and China as wel...Corporate - 06 July 2012 |
Holcim: June '12Holcim's two main Indian subsidiaries, Ambuja Cements and ACC Limited, have been fined at total of approximately EUR325m, or INR2301 crores, by the Honourable Competition Commission of India. This...Corporate - 06 July 2012 |
Pakistan’s full-year domestic dispatches rise 8.84%Pakistan has closed fiscal year 2011-12 (FY11-12) with an 8.84 per cent YoY rise in local dispatches, however exports for the year have seen their third successive year of decline and capacity uti...News - 06 July 2012 |
L&T files for arbitration proceedings against Zuari Cement, IndiaEngineering and construction company Larsen & Toubro (L&T) has filed for arbitration proceedings against Zuari Cement, a fully-owned subsidiary of Italcementi, to claim INR188.53 crore in alleged ...News - 06 July 2012 |
Brazil competition authority approves Camargo purchase of CimporBrazil’s competition authority CADE has approved Camargo Correa’s purchase of a controlling stake in Portuguese cement producer Cimpor, subject to several conditions. The main condition set by ...News - 05 July 2012 |
Holcim Indian cement interests see modest YoY gainsHolcim’s Indian cement companies, ACC and Ambuja Cements have reported modest rises in June shipments and production in June. ACC said shipments in June reached 1.96Mt, up 2.6 per cent from the ...News - 03 July 2012 |
Fitch migrates Binani Cement to non-monitored, IndiaFitch Ratings has migrated India-based Binani Cement Limited's (BCL) National Long-Term 'Fitch A(ind)' rating with a Negative Outlook to the non-monitored category. This rating will now appear as ...News - 02 July 2012 |
Birla Corp mulls Ethiopian cement plantIndia-based Birla Corporation is considering setting up a cement plant in Ethiopia, according to a senior official. The company has formed a wholly-owned subsidiary, Birla Corp Cement Manufactu...News - 29 June 2012 |
Cimpor asset swap to lift Votorantim capacity by 15MtaVotorantim Cimentos and InterCement (part of the Camargo Corrêa Group) have signed an agreement to undertake a corporate reorganisation of Cimpor. The procedure will give Votorantim control over t...News - 28 June 2012 |
KKR eyes stake in Sree Jayajothi Cements, IndiaPrivate equity firms Blackstone Group and Kohlberg Kravis Roberts & Co (KKR) are discussing a large stake buy in the cement unit of the Shiram Group, the Times of India reports. Shriram EPC, whi...News - 28 June 2012 |