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Pakistan cement sales rise 7%

Pakistan rose seven per cent to 5.2Mt on the back of higher demand in the first two months of fiscal 2012. The growth in overall dispatches is attributed to a 14% upturn in local sales which reac...
News - 21 September 2011

Competition panel to probe ACC, Ambuja, UltraTech

India’s Ministry of Corporate Affairs has asked the Competition Commission of India to further probe charges of cartelisation against cement majors ACC, Gujarat Ambuja and UltraTech Cements. The ...
News - 16 September 2011

Daiwa starts India’s cement sector at Positive

Investment bank Daiwa Securities initiates India cement sector at Positive. "We see cement stocks as long-term plays, and believe they face some near-term headwinds," it says in a report, adding "...
News - 15 September 2011

Cement prices hiked in North, East & Central India

Cement prices in North, East and Central India have been hiked by INR10-25/bag in the month of September.

 Cement prices have been raised by INR25/bag in Eastern UP to INR225, and by 10-15/bag i...
News - 15 September 2011

Ambuja Cement buys 60% in Dirk India

Ambuja Cements has acquired a 60% stake in Dirk India from its founders for INR165.1m (US$3.5m). Dirk India, based in the western Indian state of Maharashtra, manufactures fly ash. It has a capa...
News - 15 September 2011

Cachapuz receives additional order from Jaiprakash, India

The Cachapuz Bilanciai Group has received a new order to implement its SLV Cement Bag Counting technology for Jaiprakash Associates Ltd (the cement division of Jaypee Group). The bag counting mo...
News - 13 September 2011

MCA shows initial probe shows no cartel, India

An initial investigation of India’s Corporate Affairs Ministry showed no cartel by cement manufacturers, as per reports on CNBC-TV18. The trio of cement major UltraTech Cement, ACC and Ambuja Ce...
News - 13 September 2011

UltraTech to invest in capacity increases

India’s UltraTech Cement Ltd plans to invest INR110bn over the next three years to as as part of the company plan to increase capacity from its current 52Mta to 75Mta, Chairman Kumar Mangalam Birl...
News - 12 September 2011

India capacity utilisation down to 75% in Apr-Jun 2011

Indian cement firms utilised only 75% of their capacity in April-June period this fiscal, with production of 54.79Mt, according to the official data. The Ministry of Statistics and Programme Impl...
News - 12 September 2011

Birlas eye Latam assets of Cemex, Votorantim Cimentos - report

The Aditya Birla Group may make an offer to buy certain Latin American assets of Cemex, at least four sources said, reports the Economic Times of India. The Birla’s are also in talks with Brazil...
News - 08 September 2011