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Italcementi

Italcementi's first half turnover declined by 5.1% to €2,455.1m and the running EBITDA by 12.6% to €434.5m. The trading profit fell by 16.8% to €197.9m and the net attributable profit virtually dis...
Corporate - 31 July 2010

UltraTech to add capacity, 1Q disappoints

UltraTech Cement, India’s biggest cement producer, aims to spend US$1.8bn to add 9Mt of new capacity over the next three years, The Economic Times of India reports. UltraTech, part of the diversi...
News - 29 July 2010

Some improvements in dry bulk freights but...

Freight rates for dry bulk carriers have continued to edge higher during the last week of July, with the industry’s main benchmark, the Baltic Dry Index (BDI) gaining some 2.16 per cent over the p...
News - 29 July 2010

Samruddhi June quarter results, India

Aditya Birla Group’s Samruddhi Cement today recorded a net profit for the June quarter of the current fiscal of INR 315 crore . 

 The results of the company could not be compared, as it was d...
News - 28 July 2010

Govt OKs Lafarge India mining in Meghalaya, Bangladesh

The ministry of forest and environment (MoEF) on Monday told the Supreme Court that Lafarge Umiam could resume limestone mining in Meghalaya under the revised Conservation Plan and it had to pay u...
News - 27 July 2010

Ultratech Cement gets nod for Samruddhi merger, India

India’s Ultratech Cement on Monday it has received the nod of the Bombay High Court and Gujarat High Court for a merger of Samruddhi Cement with itself. Last year, the boards of Ultratech Cement ...
News - 27 July 2010

Birla Corp BoD clears expansion, India

The Board of Directors (BoD) of Birla Corporation has cleared the proposal to increase clinker production capacity from 3600tpd to 6000tpd at its facility in Chanderia. It will also increase cemen...
News - 27 July 2010

Further downturns noted in most freight sectors in June

A second consecutive week of sharp corrections for the dry bulk market, although some of the softness could be attributed to Chinese holidays at the start of the week. The Capes fell by the larges...
News - 26 July 2010

Birla Corp approves clinker expansion, India

The board of Birla Corporation has approved expansion of the clinker production capacity at its Chanderia plant from 3600tpd to 6000tpd. According to a company press release, the corresponding cem...
News - 23 July 2010

Pakistan cement exports fall, local dispatches up FY09-10

The global financial crisis last year kept Pakistani cement industry under pressure as exports were down by minimal 0.89 per cent YoY to stand at 10.65Mt in the closing fiscal year, as compared to...
News - 23 July 2010