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Indian producers issued with record fine on price fixingEleven Indian cement producers have been issued a total fine of INR60bn (US$1.1bn) for price fixing, the highest ever fine issued by the country’s antitrust authority in its three-year existence. ...News - 21 June 2012 |
Camargo completes Cimpor takeover, PortugalBrazilian conglomerate Camargo Correa has completed its takeover of Cimpor, now controlling 94.8 per cent of the Portuguese producer, Cimpor said in a statement on the CMVM market regulator's webs...News - 21 June 2012 |
Indian producers face alleged cartel finesThe Competition Commission of India (CCI) is expected to soon impose fines over alleged price collusion in the industry. According to local press reports, the CCI is expected to fine 11 large c...News - 20 June 2012 |
Reliance MF hikes stake in Madras Cements, IndiaReliance Mutual Fund has increased its stake in India-based producer Madras Cements to just over five per cent with the acquisition of 90,000 shares. With this acquisition on 14 June, the Chennai...News - 19 June 2012 |
India Cements receives approval for future expansionIndia Cements has received approval from the environment ministry as it gathers the necessary approvals for the possible expansion of its existing plants. The Times of India reports that the co...News - 19 June 2012 |
Karnataka Cabinet approves land for cement plantThe Karnataka cabinet has cleared the proposal of JK Cements to acquire additional land for setting up a cement plant. Economic Research of India states that the company will acquire 278 acre fo...News - 18 June 2012 |
Lafarge, UltraTech eye Jaiprakash units, IndiaAditya Birla Group and Lafarge are separately in talks to buy Jaiprakash Associates cement units, the Economic Times reported on Friday. Officials from Lafarge and the Aditya Birla Group-contro...News - 15 June 2012 |
VSP plans slag-based cement plant, IndiaVisakhapatnam Steel Plant (VSP) is planning a slag-based steel plant with a plan outlay of about INR2000 crore, Business Standard of India reports. VSP is generates over 800,000t of slag every yea...News - 14 June 2012 |
India’s May output rises 13.5 per centIndia's cement production in May rose 13.5% on year to 16.2Mt, the Cement Manufacturers' Association said today. Cement output in May was 1.1% higher than 16.01Mt produced in the previous mo...News - 13 June 2012 |
Jaiprakash in talks to sell one Indian cement unitJaiprakash Associates is in talks to sell one of its cement units to UltraTech Cement, Bloomberg reports. The company is seeking a valuation of about INR40bn for the division and the sale may help...News - 11 June 2012 |