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Sri Lanka asks cement traders to get govt approval for price hikes

The Sri Lankan government said Tuesday that any price increases of cement needs state approval as consumer inflation in the country rocketed past 19 per cent in November. Cement joins a list of f...
News - 06 December 2006

Heidelberg may contest Sebi view on Mysore Cement offer

The Securities and Exchange Board of India (Sebi) insistence on including non-compete fees in Germany’s HeidelbergCement’s open offer for the minority shareholders of Mysore Cement could likely si...
News - 06 December 2006

Heidelberg may have to up Mysore Cement offer

Market regulator Securities & Exchange Board of India will ask German cement maker Heidelberg Cement AG  to increase its open offer price to shareholders of Mysore Cement Ltd by 25%, the Business ...
News - 05 December 2006

India’s Sanghi plans cement foray in M’rashtra

Gujarat-based Sanghi Industries is drawing up plans to claim a pie of the Maharashtra cement market, The market will be catered through augmented capacity at its cement unit in Kutch, Gujarat. The...
News - 05 December 2006

Upturn in market but will it last?

Upturn in market but will it last? The market has been desperately waiting for a clear signal since mid-summer this  year, and finally this week the Cape market  took the driving seat in an upward...
News - 04 December 2006

Heidelberg expands in India

German cement major, Heidelberg Cement, is strengthening its position in India. After buying a controlling stake in Mysore Cement in July, it has now acquired two grinding units in Kerala, accordi...
News - 30 November 2006

HeidelbergCement and Holcim in the race for Indian cement co

HeidelbergCement AG, which took a controlling stake in the Indian firm Mysore Cements four months ago, and the Swiss cement company Holcim Ltd are in seperate talks to pick up a 15-20 per cent sta...
News - 17 November 2006

Shree Cement advances expansion deadline

India’s Shree Cement Ltd. has speeded up its expansion project and will complete it two years ahead of schedule to meet the widening demand-supply gap in northern India, a senior official said.  ...
News - 17 November 2006

Star Cement seals loan deal, UAE

Bahrain-based Star Cement, a part of the ETA/Star Group, has signed a $104m term loan facility agreement with a syndicate of banks led by the mandated lead arrangers Abu Dhabi Commercial Bank and ...
News - 17 November 2006

Vicat eyes stake in MyHome Cement

French cement major, the Vicat Group, is close to acquiring a large stake in the Hyderabad-based unlisted company, MyHome Cement Industries, for about Rs 800 crore.   MyHome, which has an annual ...
News - 16 November 2006