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IDM to take stake in Saurashtra CementIndia Debt Management (IDM), part of the the Hong Kong-based ADM Capital (ADM), is picking up a 14% stake in Mehtas-controlled Saurashtra Cement through the conversion of debentures into equity. S...News - 13 August 2007 |
A time for reflection perhaps?While many shipowners are quietly publishing their financial results for the first half of the year reflecting the amazing levels achieved on the charter market, mining companies have been startin...News - 13 August 2007 |
Working with tigers, Sri LankaThe future of Jafna’s disused Kankesanturai cement works in the beleaguered north east province of Sri Lanka, a region under partial control of the breakaway Tamil separatists for the past 25 year...News - 10 August 2007 |
Will Indian cement sector sustain its growth momentum?The Indian cement sector was among one of the country’s most robust performing sectors in the recent quarter registering over 65% bottom line growth and 25.6% growth on the sales front over the sa...News - 10 August 2007 |
India’s Ambuja Cements says flood shuts plantsAmbuja Cements Ltd. , India’s third-largest cement maker, said on Thursday it had stopped operations at its plants in western Gujarat state after heavy rains and floods. The company, nearly 3...News - 09 August 2007 |
QCX/RoboLab sales stay buoyantSignificant orders for QCX/RoboLab in the first half of 2007 continued the strong market trend in 2006 for FLSmidth Automation’s automated sample preparation & analysis solution. The cement indust...News - 08 August 2007 |
Binani Cement to invest US$100m in China plantBinani Cement Ltd plans to invest US$100m more into the Chinese cement company Shandong Rong’an Group, in which it bought a 49% stake for US$110m earlier in July, sources reported. Binani was ...News - 07 August 2007 |
Italcementi’s Asian profits grow by 39%Italcementi’s first half turnover increased by 5.6% to EUR3073.1m, but the EBITDA declined by 1.7% to EUR 726.9m and the reduction at the trading level increasing to 5.1% to EUR 508.2m. The...News - 06 August 2007 |
Kenya cement merger on the cardsThe Kenya government has received a proposal for the merger of the two largest cement producers in Kenya, Bamburi Cement Ltd and East Africa Portland Cement Ltd, marking the beginning of what coul...News - 06 August 2007 |
Pakistani cement exporters to get certificates till September 15Pakistani cement manufacturers after getting provisional export certificate from India till September 15, would be able to export cement to India. Sources told that there is immense demand of Pak...News - 06 August 2007 |