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India prices rise despite duty cutCement prices have gone up by about Rs10 a 50kg bag in March owing to an increase in demand and transportation constraints, reports The Hindu Business Line. However, dealers expect demand to plate...News - 26 March 2009 |
India Feb sales up 8.2 per centIn February 2009, India’s domestic cement consumption grew by 8.2% YoY. The growth was due to acceleration in infrastructure activity ahead of the election scheduled over next two months. Consumpt...News - 25 March 2009 |
Jaiprakash’s profit margins ‘may be little changed’Jaiprakash Associates Ltd profit margin may be little changed this year, Chairman Manoj Gaur said, as electricity and construction costs increase at India’s biggest dam builder. Margins on profit...News - 25 March 2009 |
Shree Cement commissions extra 1Mt capacityShree Cement has commissioned an additional 1Mt of clinker capacity, which is expected to help the company ramp up its annual cement production capacity to nearly 10.0-10.3Mt from 9Mt. The company...News - 24 March 2009 |
ACC sees exports declineACC, which has seen a decline in exports for the first time in seven years, expects only state-led consumption to benefit cement firms in an era of high costs and soft demand. "If the new governm...News - 24 March 2009 |
ACC puts ready-mix plans on holdACC of India has decided to put on hold plans to expand its ready-mix concrete (ready-mix) business due to a slowdown in construction activities across the country. When contacted, Hans Fuchs, ma...News - 23 March 2009 |
Binani Cement eyes LSE listingThe Braj Binani Group is looking to get its cement manufacturing flagship Binani Cement listed on Alternative Investment Market (AIM) of the London Stock Exchange. The company is also in talks wit...News - 20 March 2009 |
New capacities in South may dampen prices, IndiaCement prices in the South may come under pressure with 12.3Mt of additional capacity scheduled to go on-stream by 2009-end, the Hindu Business Line reports. Companies contributing to the increase...News - 20 March 2009 |
Spain and Turkey depress Cimpor ’s resultsHelped by the initial consolidation of India and an additional six months from China, Cimpor’s turnover advanced by 6.2% last year to €2,088.9m, though the EBITDA was off by 3.4% to €586.3m. The ...News - 19 March 2009 |
ACC says India cement sector may see consolidationACC Ltd expect there could be a round of industry consolidation if slowing demand and excess capacity push cement prices down, a top official told Reuters. ACC, 46 percent owned by Holcim is open...News - 18 March 2009 |