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Aditya Birla to invest INR57.5bn in cement expansion, India

Indian conglomerate Aditya Birla group plans to invest about INR70bn (US$1.3bn) on setting up new facilities and expanding the capacity of existing units in the southern state of Karnataka, Chairm...
News - 08 June 2012

High Court stops cement firms from making cement under ACC trade mark

The Delhi High Court has restrained three cement companies based in Uttar Pradesh and Punjab from producing or selling their product under the trade mark of leading cement manufacturer Associated ...
News - 07 June 2012

Aditya Birla plans Karnataka cement plant, India

Aditya Birla group Chairman Kumar Mangalam Birla said the group is planning to set up a 4Mta cement plant in Karnataka plant at an investment of INR27.50bn. Mr Birla said he expects the plant to s...
News - 07 June 2012

Birla Corp eyes cement plant construction in Ethiopia

Birla Corp plans to set up a cement plant in Ethiopia following the establishment of a wholly-owned subsidiary, Birla Corp Cement Manufacturing Plc, in the sub-Saharan African country. “We plan ...
News - 07 June 2012

Cimpor

Camargo Corrêa, through its Austrian subsidiary Intercement Austria Holding GmbH, Vienna, is offering €5.60 per share for Cimpor and will inject its existing cement interests, primarily in Argenti...
Corporate - 06 June 2012

Vicat

Vicat's first-quarter turnover declined by 5.4%, having seen a very strong first quarter in 2011. The cement turnover was off by 4.4% to €255m, with cement shipments declining by 5.6% to 3.79Mt. T...
Corporate - 06 June 2012

HeidelbergCement

HeidelbergCement's first-quarter turnover advanced by 7.6% to €2799.4m, but the EBITDA declined by 15.5% to €213.7m and the trading profit fell by 77% to a €13.8m. The lower margins chiefly reflec...
Corporate - 06 June 2012

Lafarge

Lafarge's first-quarter turnover improved by 4.6% to €3353m, having advanced by 8.6% in the comparable period last year, and the EBITDA improved by 7.7% to €516m, while the running profit advanced...
Corporate - 06 June 2012

Holcim

Holcim's first-quarter turnover improved by 2.2% to CHF4760m (€3922m), which represents an increase of 7.1% on a comparable basis and measured in euros, the turnover advanced by 8.1%. The operatin...
Corporate - 06 June 2012

India: hints of promise

The world’s second-largest cement market made a surprising U-turn in the third quarter of FY11-12. Since April 2010, the Indian cement industry has met with challenging times including consistentl...
Articles - 06 June 2012