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FLSmidth lifts 2009 guidance, orders rise in 3QFLSmidth raised its full-year forecasts as orders picked up in the third quarter after a weak first half and and positive growth in the Indian economy provides a boost for cement plant sales. Ac...News - 18 November 2009 |
Land issues halt Shree Cement’s expansion plansLand acquisition issues have halted the pace of north-based Shree Cement in its aim to become a pan-India player. The company, which had not ventured out of Rajasthan so far, obtained licences f...News - 18 November 2009 |
India boosts Holcim 1HHolcim’s cement deliveries in the first six months declined by an underlying 8.6 per cent to 65.1Mt, but the company said its strong presence in growth markets, helped it perform well in a difficu...News - 17 November 2009 |
Markets show renewed optimism as commodity trades flourishThe dry bulk market continued its strong advance mid-November with all sectors involved, but mostly pushed upwards by the strong demand for capes and panamaxes. The BDI went over the 4000 point en...News - 17 November 2009 |
UltraTech to buy Samruddhi to form India’s No.1 cement firmUltraTech Cement, a unit of Indian conglomerate Aditya Birla Group, is absorbing sister unit Samruddhi Cement, to form the country’s biggest cement firm, both companies said. The move, flagged in ...News - 16 November 2009 |
SAIL-NMDC to invest in Arki limestone mine, IndiaState-run steel producer Steel Authority of India (SAIL) and mining major NMDC will invest INR260 crore in developing the Arki limestone reserves in Himachal Pradesh. Business Standard reported t...News - 16 November 2009 |
Global Construction 2020 report releasedGlobal Construction Perspectives and Oxford Economics have in a conference call, announced the release of Global Construction 2020, a global forecast for the construction industry over the next de...News - 13 November 2009 |
Indian prices fall on poor demand and oversupplyThe fall in Indian cement prices, which started in August, is gaining momentum in southern India. Despite strategies to counter this, the two southern cement companies—Madras Cements Ltd (MCL) and...News - 12 November 2009 |
Holcim adds 5.6Mt of new capacity this yearHolcim’s turnover for the first nine months fell by 18.4% to SFr15,774m (€10,446m), which represents a 10.3% reduction on a like-for-like basis. The operating EBITDA was down by 17.2% to SFr3,614...News - 12 November 2009 |
Shiva Cement’s dispatches rise by 81.4%, IndiaShiva Cement, a Rourkela-based cement company, today announced the dispatch of cement and clinker during the period Apr -Oct, 2009. Its dispatches grew by 81.4% on YoY basis in comparison to Apr ...News - 11 November 2009 |