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India and Russia projects boost KHD first-quarter revenue

In the first three months of 2012, KHD generated revenue of EUR48.8m, which was primarily the result of projects in India and Russia. Revenue declined by 16.9% in a YoY comparison (previous year: ...
News - 16 May 2012

Improved prices help raise Shree Cement’s quarterly profit, India

Shree Cement, which has a strong presence in the North India market, reported an increase in net profit of INR11.28 crore for the fourth-quarter of FY11-12 (ending March 2012) largely on the back ...
News - 16 May 2012

‘Stranded’ Indians in Angola being brought back – report

Indian workers allegedly held captive in a cement factory near Sumbe town of Angola in Africa are safe and those willing to return home are being brought back, Khaleej Times reports. Shaktisinh...
News - 16 May 2012

Merrill Lynch increases stake in Rain Commodities, India

Hong Kong-based Merrill Lynch Capital Markets Esparia on Tuesday announced acquiring 90,000 shares of Rain Commodities, the Economic Times of India reports. The foreign fund house currently holds...
News - 16 May 2012

FLSmidth affirms 2012 outlook

FLSmidth has affirmed its outlook for full-year 2012 as a strong order intake in 1Q confirms growth expectations and positive outlook. For the first three months of 2012, FLSmidth’s order inta...
News - 15 May 2012

Tamil Nadu government to invest in state plants, India

The Tamil Nadu government is to upgrade two of its cement plants with an investment of around of INR515 crore. The Business Standard of India reports that the state government is to invest INR1...
News - 15 May 2012

India April output slows

India's cement production in April rose 9.5% on year to 15.99Mt, the Cement Manufacturers' Association said today. Output during April, however, was 11.1% lower than 17.99Mt produced a month ago. ...
News - 14 May 2012

Indian workers held in Angola

Around 1200 men from across India working in Angola cannot return home as their travel documents have allegedly been held by the company for which they work. The workers were hired by ETA Star ...
News - 14 May 2012

Cement prices turning a corner?

While cement pricing power is generally strongest during the construction up-cycle, it has remained remarkably resilient in the recent downcycle, particularly when considering the overall economic...
News - 14 May 2012

Chettinad plans to delist, India

The promoters of Chettinad Cement Corporation are making a voluntary offer to the company's public shareholders to delist the shares from stock exchanges. The stock is currently listed on the N...
News - 11 May 2012