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Burnpur Cement IPO subscribed 15.19 times

The initial public offer of Burnpur Cement Limited (BCL), one of the established cement manufacturers of Eastern India, has been subscribed 15.19 times. The company has received applications wor...
News - 13 December 2007

Siam Cement sees 2007 cement sales down 5-6 per cent

Siam Cement , Thailand’s biggest cement maker, said on Tuesday its cement sales would fall 5-6 per cent this year as a slowing domestic economy hurt demand.     "Our cement sales this year should...
News - 12 December 2007

ACC in strategic tie-up with Development Alternatives

In a move to provide a thrust to construction and rural infrastructure in India, cement major  ACC Ltd has entered into a strategic partnership with Development Alternatives, a Delhi-based private...
News - 11 December 2007

Cement imports from Pakistan increase

According to traders, cement imports from Pakistan into India are on the rise having crossed the 100,000t mark since imports were allowed in September. Between October-November, the quantum of im...
News - 10 December 2007

Cement factory workers threaten nationwide strike

Cement factory workers today threatened to go on a nationwide strike on January 24 if manufacturers did not announce an adhoc payment of Rs 60,000 to employees in view of the huge profits being ma...
News - 10 December 2007

India Shree Cement Nov shipments up 13 per cent YoY

Shree Cement Ltd said on Thursday its November shipments rose 13.12 per cent to 4.57Mt  from 4.04Mt a year earlier.     It’s total shipments between April to November 2007 rose 24.3 per cent to 3...
News - 07 December 2007

India’s Holcim ups stake in Ambuja Cements to 46% for US$780m

Holcim said it has increased its stake in  Ambuja Cements by 13 per cent to 46 per cent for US$780m through an open offer. Holcim increased its stake in the domestic cement maker by 13 per cent si...
News - 07 December 2007

India: 50-kg cement bag price up by Rs10

The cement cartel has further increased ex-factory cement prices by Rs10 per 50-kg bag, pushing the prices to Rs228-230 after a rise of Rs 8-12 last week, it was learnt. Talking to The Nation ind...
News - 06 December 2007

Cimpor acquisition Portuguese cement producer buys stake in Indian firm

Cimentos de Portugal said Tuesday it had signed a binding agreement with Grasim Industries to acquire a 53.64 per cent stake in Shree Digvijay Cement, a company listed in the Bombay Stock Exchange...
News - 05 December 2007

India: cement scripts trail Sensex in returns

Cement manufacturing companies are facing a tough time in the current quarter as cement prices move south, while the cost of power and coal move north. Apart from the increase in the cost of produ...
News - 05 December 2007