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Cement groups line up expansion plans

The Indian cement industry could witness an investment of around Rs 20,000 crore over the next one and a half years, as cement companies are adding capacities to meet huge demand in the world’s se...
News - 02 May 2006

Cement valuations firm on rising demand

Market valuations of cement companies in India are on the higher side, based on the enterprise value (EV) per tonne. The top four Indian cement companies are valued at US$150 and above, analysts s...
News - 02 May 2006

Cemex heading for India?

Cemex is apparently looking at India as one of the opportunity markets for future growth. As and when the move materialises, the world’s top five global cement manufacturers will be present in the...
News - 02 May 2006

Cimpor may buy companies in China, India and Latin America

The growth strategy of Portuguese cement company Cimentos de Portugal (Cimpor) includes making acquisitions of controlling stakes in companies located in China, India and Latin America, the compan...
News - 02 May 2006

Cement firms raise south India prices

Indian cement companies have raised prices by up to 11.4 per cent, or 20 rupees per 50-kg bag, in south India in the past two weeks to cash in on rising demand from the region’s construction indus...
News - 02 May 2006

Lafarge record first quarter sales

Sales were up 28.1 per cent to €3772m as at March 31, 2006.  This compares to a weak first quarter in 2005.  Volume trends were favorable, reflecting overall good weather conditions and growth in ...
News - 02 May 2006

India’s Sanghi Industries to raise INR15bn, India

Sanghi Industries Ltd. said on Thursday its board had approved raising up to IDR15bn ($333m). The issue could be through issue of shares, overseas depositary receipts or convertible bonds, the com...
News - 28 April 2006

Mexico’s Cemex eyes China, India, Brazil, Russia

Cemex has reportedly set its sights set on new business in four of the world’s largest nations – China, India, Russia and Brazil.    Chairman Lorenzo Zambrano told a news conference on Thursday t...
News - 28 April 2006

Grasim rules out cement price rise

Grasim said that cement prices will no longer ride north but stabilise at the present levels. “Going forward, I see the cement prices remaining at the present levels. Whatever hike in prices had t...
News - 28 April 2006

Ultratech investment plans

India’s largest cement maker Grasim Industries, along with its subsidiary UltraTech Cement, is planning to invest around Rs 6,000 crore to increase the total cement capacity of the company to 40Mt...
News - 28 April 2006