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Swiss franc, energy costs hit Holcim 3Q profitHolcim posted a 34.5 per cent in third quarter net profit as price hikes failed to offset rising energy costs and the strong Swiss franc. Consolidated net sales decreased by 6.7 per cent to CHF 1...News - 09 November 2011 |
Madras Cements benefits from higher realisationsStrong realisations boosted profit at Madras Cements Ltd in the three months ended September. In spite of the 9% YoY dip in cement despatches, revenue rose 27% to INR825.7 crore. The reason was th...News - 08 November 2011 |
CRH revises 2011 EBITDA guidance, changes primary listingCRH published its 3Q11 Interim Management Statement with like-for-like sales showing growth of approximately four per cent in the 3Q. Overall sales for the quarter were up three per cent ahead of ...News - 08 November 2011 |
Calls for Indian price investigationHurt by a sharp rise of INR100/bag in cement prices in the past three months, India’s realtor’s body, NAREDCO, has appealed to the country’s competition watchdog, CCI, to investigate the sudden hi...News - 07 November 2011 |
ACC launches new cement, IndiaCoastal Plus, a specialised cement manufactured by Associated Cement Company (ACC), was released on Friday. The cement is manufactured at Encore, a cement plant in the special economic zone (SEZ...News - 07 November 2011 |
India: joint venture partner sought for new proposed plantHeidelbergCement and domestic producers such as UltraTech Cement and Reliance Cements are said to be among those interested in partnering state-run Rashtriya Ispat Nigam’s proposed 3Mta plant at V...News - 07 November 2011 |
India’s Jaypee to sell stake in cement unitIndia’s Jaypee Group, the US$3bn engineering and construction conglomerate, is in talks to sell a stake in its cement unit Jaiprakash Associates, the Economic Times newspaper reported on Monday ci...News - 07 November 2011 |
Pakistan: rise in domestic sales offset by falls in exportsPakistan registered an increase in cement sales in October of 0.74 per cent while domestic demand was ahead by 5.77 per cent to 2.09Mt but exports dropped. According to figures released by the Al...News - 04 November 2011 |
Vicat performs strongly in Turkey and IndiaVicat’s first half turnover rose by 16.4% to €1,146.2m, which represents a 10.7% increase on a comparative basis. The EBITDA advanced by 9.2% to €253.3, but the margin narrowed from 23.6% to 22.1...News - 04 November 2011 |
Citigroup keeps ACC at sell, IndiaCitigroup keeps ACC at Sell with a INR996 price target, based on EV/ton, after the company posts lower-than-expected 3Q adjusted profit after tax of INR1.2bn, compared with the house’s forecast of...News - 04 November 2011 |