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Italcementi looks to China for further growth

Italian group Italcementi, the world’s fifth cement producer, has been planning to further strengthen its positions and enter the eastern countries, eyeing China and its market as a good growth op...
News - 24 May 2006

Cement prices up due to demand, not cartel

The Indian cement industry is in the midst of an unwanted controversy. With the prices rising, Commerce Minister Kamal Nath had accused the industry of forming a cartel. Nath asked the industry to...
News - 22 May 2006

OCL India to raise funds for capacity expansion

OCL India Ltd is planning to raise funds to expand its Rajgangpur plant to 3.8Mta from 1.8Mta. Total cost of the capacity expansion programme has been estimated at US$150m. The project would be co...
News - 18 May 2006

Cement price discounts – eyewash

The Builders Association of India, which had approached the government against cement companies for steep hike in prices, today termed as an "eyewash" the cement manufacturers’ proposal to reduce ...
News - 18 May 2006

Ban likely to be placed on cement import

The Pakistan ministry of commerce has decided to ban the import of cement, and the government has also decided to extend the period allowed for export to the local companies on orders received fro...
News - 17 May 2006

BK Group plans cement unit in Assam

The BK Group, one of the leading business families of the North East, has finalised a plan to set up a greenfield cement project at Cachar in Assam, entailing an investment of about Rs 414 crore....
News - 16 May 2006

Cement companies to work at full capacity

The cement cartel has decided to eliminate quota among local cement manufacturers ands cement manufactures have decided to utilise 100 per cent of their production capacity, according to sources i...
News - 16 May 2006

Italcementi acquires full control Zuari Cement, India

Italcementi Group, via Ciments Français, its sub-holding for international activities - has entered into an agreement to acquire the shareholding of Zuari Industries Limited in Zuari Cement Limite...
News - 15 May 2006

Italcementi set to buy 50 per cent in Zuari Cement

India’s Zuari Industries is set to sell its 50 per cent stake in Zuari Cement to Italcementi for Rs 500 crore. The deal is expected to be finalised by the company’s board in its meeting on Saturda...
News - 12 May 2006

India Cements signs deal for new plant

India Cements Ltd, a private cement firm, has signed a deal with the Himachal Pradesh government today to set up a Rs 750 crore cement plant. The MoU was signed by representatives of both the part...
News - 12 May 2006