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Builders petition CCI, accuse cement firms of cartelisingBuilders have moved the Competition Commission alleging that cement firms, including Aditya Birla group firm Grasim, ACC, Gujarat Ambuja and others, have formed a price cartel and it is costing th...News - 09 August 2010 |
ACC appoints new CEO, IndiaThe Board of Directors of ACC have today appointed Kuldip K Kaura as CEO & Managing Director of ACC Limited with effect from 13 August 2010. He succeeds Sumit Banerjee who is taking up a new assig...News - 05 August 2010 |
Cement firms earnings lower as capacities kick inCement makers India Cements and Madras Cements posted lower net profit for April-June, as additional capacities went on stream as construction activities slowed down in the quarter. The industry ...News - 03 August 2010 |
India: cement prices to remain under pressureAditya Birla group-controlled Grasim Ltd today said that cement prices will remain under pressure over the next six to eight quarters due to oversupply. "Cement prices are expected to remain u...News - 02 August 2010 |
Minorities virtually eliminate Italcementi’s net profitItalcementi’s first half turnover declined by 5.1% to €2,455.1m and the running EBITDA was down by 12.6% to €434.5m. The trading profit fell by 16.8% to €197.9m and the net attributable profit vi...News - 02 August 2010 |
India’s Ambuja July cement shipments down 1.2%Ambuja Cements Ltd India’s No. 3 cement maker, reported shipments in July fell 1.2 per cent from a year ago to 1.42Mt. The company, in which Holcim holds about 46 per cent, said production in Jul...News - 02 August 2010 |
Adani imports coal for three Indian producersAdani Enterprises Ltd., India’s biggest coal importer, plans to import 400,000t of the fuel from South Africa for three major Indian cement producers. Adani, based in Ahmedabad, will import the ...News - 02 August 2010 |
European producers first-half performance weakEuropean cement makers posted weak or opaque outlooks on Friday, adding to investor concern about the patchy recovery in global construction markets. A lower outlook from Lafarge and a vague one ...News - 01 August 2010 |
LafargeLafarge continued to raise cash through disposals while maintaining control of strategic businesses. The sale of 11.2% in Lafarge Malayan Cement through a placing on the Malaysian stock exchange ra...Corporate - 31 July 2010 |
HolcimACC Limited, one of Holcim's two main subsidiaries in India, reported a 2.2% reduction in cement production for the month of June, to give a 1.2% reduction for the first six months to 10.94m tonnes...Corporate - 31 July 2010 |