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Indian cement firms go global

Indian cement companies are now venturing out of the country to diversify their markets and the Middle East has emerged as a preferred destination for the companies.     JK Cement and Binani Ceme...
News - 24 January 2008

JK Cement to set up manufacturing unit in UAE

JK Cement, one of the leading north-based cement makers, is planning to set up a cement facility in Fujairah, one of the seven emirates comprising the United Arab Emirates (UAE), jointly with the ...
News - 22 January 2008

Pakistani cement exporters lose earnings due to cutthroat competition

The value of Pakistani cement exports to India has fallen from $74 to $70 per tonne during the last few weeks due to competition amongst the exporters, said an industry source here on Monday. “Pa...
News - 22 January 2008

India’s Binani Cement to raise US$125m to boost capacity

The board of  Binani Cement Ltd has approved raising up to US$125m in foreign currency for expansion of its production capacity and for overseas acquisition.     It plans to expand its annual cap...
News - 21 January 2008

Sri Lanka Jaffna cement plant chased by India’s Birla group

India’s Birla group will be allowed to operate a cement plant in Sri Lanka’s northern Jaffna peninsula, construction minister Rajitha Senaratne said. Jaffna has high purity limestone deposits but...
News - 21 January 2008

India Cements profit up

India Cement reported a net profit of Rs. 127.05 crore in the three months ended December 31, 2007 against Rs. 79.78 crore in the year-ago period. Net sales and income from operations went up to R...
News - 17 January 2008

Analysis: Holcim likely to buy next as sector consolidates

Holcim was conspicuously absent from a round of industry consolidation in 2007, but its big cash pile means it could acquire a rival in the coming months, according to analysis from Reuters.   H...
News - 15 January 2008

Residents pass more comment on cement factory, South Africa

Concerned residents of the Riebeek Valley have been given a further six weeks in which to comment on plans to build a ZAR3bn cement factory in the area. "We have decided to extend the deadline in...
News - 15 January 2008

Cement subsidy offer for economically weaker sections

Seven private Indian cement manufacturers have come forward to sell cement at Rs200 a bag to people belonging to economically backward sections and the lower middle class in the State of Tamil Nad...
News - 10 January 2008

Solving the Indian shortages?

Commerce Minister Kamal Nath said that the government is looking into the  cement price situation and may look at more liberal import of cement. However speaking to CNBC-TV18, Vinod Juneja of Bina...
News - 10 January 2008