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Holcim mothballs more US capacity

Holcim’s turnover declined by 7.9% in 2007 to SFr25,157m (€15,822m), though on a comparative basis there was a 4.3% increase.  The operating EBITDA fell by 23.0% to SFr5,333m (€3,354m).  The tradi...
News - 04 March 2009

India’s ACC Feb shipments rise 3.6 per cent YoY

Indian cement maker ACC on Monday reported shipments rose an annual 3.6 per cent in February to 1.75Mt. The company, in which Holcim holds more than 46 per cent, said production rose to 1.74Mt fr...
News - 03 March 2009

Pakistan cement exports up by 60 per cent

Pakistan cement exports grew by 60 per cent to 6.83Mt during eight months (Jul-Feb) of the current 2008-09 fiscal year against 4.26Mt of last year, reports the Business Recorder. Industry sources ...
News - 03 March 2009

India production to grow by 8.1 per cent in FY10

Cement production in India is expected to grow by 8.1 per cent and demand is likely to rise by 7-7.5 per cent in FY 10, Centre for Monitoring Indian Economy (CMIE) has said. While there is no vis...
News - 02 March 2009

New orders for L&T

Larsen & Toubro’s Buildings & Factories Operating Company part of its Construction division has bagged new orders aggregating around INR 1162 crores in the fourth quarter of 2008-09 for the constr...
News - 27 February 2009

India: cut in excise duty

In a move to boost up the demand in domestic market, the government has announced 2% excise duty cut on bulk cement. Post announcement, excise duty will be levied at 8% or Rs230/tonne; whichever ...
News - 25 February 2009

HSBC cautious on Indian cement sector

Given the deteriorating macro economic outlook and expectations of softening GDP, the long term outlook for the cement sector remains difficult. HSBC in a report said that it is cautious on the se...
News - 23 February 2009

Seabulk to handle Lanka Cement ops

Seabulk International Bulk Handling Services, an Italian Cement transporting firm has submitted a proposal to set up operations to transport cement of Lanka Cement Ltd (LCEL), according to top LCE...
News - 23 February 2009

India: cement prices down by INR3 per bag

The average price of cement in the country has decreased to INR234 a bag in January from INR237 a bag in April last year, Parliament was informed. In a written reply to the Rajya Sabha, Minister ...
News - 19 February 2009

India: Steel and cement companys may see surge in demand

Steel and cement companies are expected to see a surge in demand due to fund allocation to the Bharat Nirman scheme, a time-bound plan for building rural infrastructure. But the companies are clea...
News - 17 February 2009