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Pakistan to seek easier cement export route

Pakistan is likely to seek the removal of non-tariff barriers on its cement in India at the two-day trade meeting that started in Islamabad today. Indian authorities certify the quality of Pakista...
News - 28 April 2011

Goldman keeps ACC at Sell

Goldman Sachs keeps ACC at Sell with a price target of INR934 as it believes that the company’s operating profit level per ton has peaked. "The pick up in cement prices since September 2010 has t...
News - 28 April 2011

Easter break brings little respite for owners

The Easter break has had an impact on market rates with the Baltic Dry Index (BDI) down again to 1250 points by Tuesday 26 April. The Panamax segment once again suffered the bulk of the losses and...
News - 27 April 2011

UltraTech Cement to add 9.2Mta of capacity in FY14

UltraTech Cement has said it plans a capital expenditure over the next three years of around INR11,000 crores. Projects include additional cement plants in Chhattisgarh and Karnataka, India, toget...
News - 26 April 2011

India obstructing Pakistan cement exports

The Bureau of Indian Standards (BIS) is delaying the issue of quality certification to Pakistani cement exporters, preventing them from exporting to India, it was reported in Pakistan newspaper, T...
News - 25 April 2011

Ultratech to add 9.5Mta capacity in Madhya Pradesh

Leading Indian cement producer, Ultratech Cement Ltd, will set up three cement plants with a total capacity of 9.5Mta and amounting to an investment of INR6000 crore. The plants, which will be set...
News - 22 April 2011

India: record profit for Malabar Cements

Publicly-owned Malabar Cements Limited has made record profit of INR51.23 crore (US$11.57m) during the financial year 2010-11 as against INR30.31 crore (US$6.84m) last year. Capacity utilisation ...
News - 21 April 2011

Indian cement sales growth falls to long-term low

Cement production in India reached 16.79Mt in March, up 5.1% YoY. Cement despatches reached 16.71Mt in March, up 4.4% YoY. Accumulated production for the year April 2010 to March 2011 reached 168...
News - 21 April 2011

Expert committee visit Nirma cement plant site, India

An expert committee appointed by Environment and Forest ministry on the order of the Supreme Court of India is visiting Gujarat’s Mahuva site of the contraversial Nirma cement plant for an on the ...
News - 19 April 2011

Pokot Cement plant faces delays, Kenya

Construction of the Pokot Cement factory in Kenya has failed to start, some eight month since Prime Minister Raila Odinga commissioned the project. Raila Odinga presided over the ground breaking ...
News - 19 April 2011