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Grasim: more berated than re-ratedThe company has a strong record of profitability and growth, and its focused approach is expected to yield better results. Come July 1, and another chapter will be added in the annals of Grasim’s...News - 22 June 2010 |
HeidelbergCement seeks revival with cost cutsHeidelbergCement said it aims to revive profit with spending reductions and by adding plants in emerging markets such as India, Indonesia and Bangladesh. The company remains focused on cutting bo...News - 22 June 2010 |
Chinese plan US$12.5m white cement plant in LindiA Chinese firm will construct a US$12.5m cement factory in Lindi, south of Dar es Salaam, starting this September. With a capacity of 300,000tpa, the factory is expected to strengthen Tanzania’s ...News - 21 June 2010 |
Binani Cement announces buy back, IndiaBinani Cement through Keynote Corporate Services made an announcement to the shareholders / beneficial owners of equity shares of the company that it would buy-back 1.45-crore fully paid-up equity...News - 17 June 2010 |
India May production risesCement production in India increased 9.18% in May to touch 14.5Mt against 13.28Mt in May 2009, reflecting the strong momentum in the construction and infrastructure works in the country. Accordin...News - 16 June 2010 |
Real estate projects boost May cement salesGrowing demand in India from infrastructure projects ahead of the monsoon, and a fall in prices have boosted cement sales in May. There has also been greater offtake from large real estate project...News - 15 June 2010 |
Orissa likely to get new cement units, IndiaThe Indian state of Orissa looks set to get two new cement manufacturing units as the state government’s State Level Single Window Clearance Authority on Thursday is likely to clear proposals. T...News - 14 June 2010 |
India: concerns over company marginsThe recent drop in Indian cement prices has added to the pressure on the profitability of companies in the sector. Prices in the south have fallen by Rs20-70 in the last two months to average arou...News - 14 June 2010 |
Goldman Sachs lifts rating on Danish FLSmidth to "buy"Goldman Sachs has upgraded the recommendation on Danish cement and minerals system supplier FLSmidth & Co A/S to "buy" from "neutral" citing the company’s position to benefit from the recovery of ...News - 10 June 2010 |
India’s ACC May cement shipments fall 4%India’s No. 2 cement producer ACC Ltd said on Wednesday shipments in May fell four per cent from a year earlier to 1.75Mt. The company, in which Holcim holds more than 46 per cent, said producti...News - 10 June 2010 |