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Shortage of cement delays power projects in eastern India

India is unlikely to meet power generation targets from its eastern region by 2012 due to a shortage of cement, officials said. “For power projects in the eastern region there is a requirement fo...
News - 14 May 2009

India industry on steady growth path, says industry body

The economic slowdown and slump in the housing sector notwithstanding, the cement sector continues to be steady with another 50Mt capacity to be added this year, industry body Cement Manufacturers...
News - 11 May 2009

Egypt is now Italcementi’s largest profit earner

Italcementi’s first quarter turnover declined by 11.1% to €1201.2m, while the running EBITDA fell by 27.0% to €188.9m and the trading profit by 57.3% to €64.6m.  The pre-tax profit dropped by 68.4...
News - 11 May 2009

Birla expects 10Mt cement capacity in two years, India

Birla Corp Ltd, part of the MP Birla Group, expects its cement capacity to rise to 10Mt in two years from 6Mt now, the company said in a release Thursday here. "The second and final phase of expa...
News - 08 May 2009

Harsh winter hits Holcim’s volumes

First quarter turnover at Holcim declined by 17.9% to SFr4,523m (€3,015m), or by 8.5% on a comparable basis. The operating EBITDA was down by 33.7% to SFr763m (€509m), which represents a 23.0% fal...
News - 07 May 2009

Lafarge’s European & American operations pull down 1Q results

Cement shipments in the quarter were off by 10.3% to 31.3Mt, while turnover from cement declined by 8.6% to €2,335m and the EBITDA emerged 9.5% lower at €573m.  The aggregates tonnage was down by ...
News - 07 May 2009

Lafarge and WWF renew partnership



Bruno Lafont, Chairman and CEO of Lafarge, and James P. Leape, Director-General of WWF International, have announced the renewal of the partnership between Lafarge and WWF International for anot...
News - 06 May 2009

Holcim 1Q Net Profit CHF74m versus profit CHF370m

Holcim Ltd reported a fall in net profit to SwFr74m (US$64m) compared with CHF370m a year ago. Sales declined to CHF4.52bn from CHF5.51bn and operating profit to CHF343m from CHF737m. Operating ...
News - 06 May 2009

Shree Cement shipments rise 28%, India

Cement maker Shree Cement said on Wednesday its April shipments rose 28.33 per cent to 788,000t, from 614,000t a year earlier. The firm has a capacity to produce 8Mta of cement at its plant in th...
News - 06 May 2009

Steeling oneself for market realities

Continued volatility in the ocean freight sectors marks the day to day progression of the Baltic Dry Index and consequently affects all shipowners involved in dry bulk trades. And while the more o...
News - 06 May 2009