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Pakistan: cement import starts through ICPThe newly-opened Integrated Check Post (ICP) has received its first Pakistani cement imports from the road route, but traders continue to be unhappy over the high handling charges. Earlier, India ...News - 23 April 2012 |
India: Udayapur Cement to shut for a monthOne of the biggest cement factories in the country built with Japanese assistance has been closed for a month for ‘maintenance work’ at a time when the demand for construction materials has been w...News - 23 April 2012 |
Ambuja Cements first quarter net profit declines, IndiaAmbuja Cements posted a 23.4% drop in its first quarter net profit at INR312.2 crore against INR407.5 crore in the corresponding quarter last year. The company's 1Q net sales saw a rise of 19% ...News - 20 April 2012 |
ACC first-quarter hit by one-time depreciation chargeACC Ltd Thursday said its January-March net profit fell sharply, hit by a one-time depreciation charge of INR3.35bn. ACC, a unit of Holcim Ltd, posted a net profit of INR1.52bn, down from INR3.50...News - 19 April 2012 |
UltraTech in talks to buy Mozambique mineAditya Birla group's UltraTech Cement - India's largest cement maker, is in talks to acquire a large limestone mine in Mozambique for about INR1500 crore. According to reports in the Economic Tim...News - 19 April 2012 |
Jaypee plans capacity hike, IndiaIndia’s Jaypee Group is aiming to increase cement capacity to around 50Mta over the next five years from 33.5Mt, the Economic Times of India reports. Shiva Dixit, vice president of Jaiprakash A...News - 18 April 2012 |
UltraTech Cement appoints additional director, IndiaUltraTech Cement’s board of directors have appointed M Damodaran as an additional director (independent) with effect from 16 April 2012, the company said in a statement to the Bombay Stock Exchange.News - 18 April 2012 |
Indian cement corporate announcementsUltraTech Cement has informed that the NJ Jhaveri has resigned from the board of the company with effect from 4 April, 2012, according to a filing to the Bombay Stock Exchange (BSE). Meanwhile, ...News - 13 April 2012 |
India cartel ruling expected in 15 daysIndia’s Competition Commission said it will be at least 15 days before it issues its final report on an alleged cartel by 39 cement companies. "There will be 2-3 meetings of the members. So far...News - 12 April 2012 |
Cartel ruling expected shortly, IndiaA ruling by the Competition Commission of India (CCI) on an alleged cartel by cement companies is expected imminently, with a negative verdict likely to negatively affect profits and pricing power...News - 11 April 2012 |