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India Cements in fund raising mode for expansion

With buoyancy back in the market and cement prices looking up, South India’s largest cement player, India Cements (ICL) is in a fund raising mode. Sticking to its capex of over INR1100 crore, the ...
News - 09 March 2010

Binani moves into real estate market, India

Binani Cement — the flagship company of the Binani Group — is getting into commercial real estate development in order to cash in on its idle land bank and to reduce dependence on the cyclical nat...
News - 09 March 2010

Bangladesh: Bashundhara to set up two more cement mills soon

Bashundhara Group will soon set up two giant cement manufacturing plants to meet the growing demand of the item, one of the key backward linkages of the construction and real estate sectors. The...
News - 05 March 2010

India: cement players have posted mixed performance for February 2010: Sharekhan

The cumulative volume growth of these four leading domestic cement players for the month came in at 4.3 per cent YoY to 6.6Mt.  Brokerage house Sharekhan is of the view that top four domestic ce...
News - 04 March 2010

Lafarge’s limestone mining problem likely to hurt Indo-Bangla trade ties

The Indo-Bangla trade relation that received an impetus after the recent visit of Prime Minister Sheikh Hasina to New Delhi stands to suffer setback due to abrupt suspension of limestone mining by...
News - 04 March 2010

Cimpor: strong growth in Egypt contrasts with Iberian decline

Cimpor’s turnover was virtually unchanged last year at €2,085.5m, with a marginal decrease of 0.2% as the increased scope of consolidation and the strength of the Egyptian cement demand offset the...
News - 04 March 2010

Holcim hit by falling volumes and prices

Holcim’s turnover in 2009 declined by 16.0% to SFr21,132m (€13,995m), which on a comparative basis represents a10.0% reduction.  The operating EBITDA was down slightly less, by 13.2% to SFr4,630m ...
News - 04 March 2010

CRH sees sharp reductions in Irish, Finnish and Ukrainian cement volumes

CRH’s turnover fell by 16.9% in 2009 year to €17,373m and the EBITDA by 32.4% to €1,803m.  The trading profit dropped by 48.1% to €955m and, after a net interest charge 13.4% lower at €297m, the r...
News - 03 March 2010

Lakshmi Cement sales rise 20%

India’s JK Lakshmi Cement Tuesday reported a jump of 20.28 per cent in sales at 427,000t in February. The company had sold 355,000t of cement in the corresponding month last year, JK Lakshmi Ceme...
News - 03 March 2010

Some renewed optimism for dry bulk sectors

Despite a lack of movement in the Baltic Dry bulk index, it would appear that an element of confidence is returning to the sector especially with the Supramax and Handysize segments posting signif...
News - 03 March 2010