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Cement sector to consolidate furtherA year has passed since Holcim in a strategic alliance with Gujarat Ambuja Cements began the process of acquiring 34.71 per cent of ACC with capacity of 16.8Mt, the single largest stand alone Indi...News - 14 February 2006 |
India Cements cuts employeeSouthern cement major, India Cements has further pared its employee strength by around 400 through the latest round of voluntary retirement scheme (VRS). "Ever since the company entered into the c...News - 13 February 2006 |
Heady climb for cementThe domestic Indian cement industry is currently passing through a consolidation phase. The industry has experienced a growth of eight per cent (CAGR) for the past one-and-a-half decades. Current...News - 08 February 2006 |
What drives Holcim’s strategy?"I think everybody is very positive about India. There’s substantial further growth expected in the coming years," said Mr Markus Akermann, chief executive officer of Holcim, in a conference call ...News - 06 February 2006 |
Ash Grove cements deal to increase regional supplyAsh Grove Cement has acquired a new import terminal facility from Goldendale Aluminum in Portland — a move, Ash Grove said, that will allow the company to increase its annual supply to the region ...News - 06 February 2006 |
OCL profits climb higherThe OCL India Ltd, engaged in production and marketing of cement and sponge iron has recorded an increase of 17 per cent in its turnover at Rs 461.78 crore and a net profit of Rs 26.23 crore which...News - 03 February 2006 |
More commentary on the Holcim deals in IndiaHolcim’s investments in India will be about $1.6bn if the open offer succeeds or a little over $1bn if it fails, which is quite significant for a manufacturing, commodity business like cement. Ind...News - 02 February 2006 |
Tender Cancellation hits Portland’s Sudan ContractThe Kenya government’s cancellation of a tender to install a new mill at the East African Portland Cement Company has jeopardised the company’s contract to supply over one million tonnes of cemen...News - 01 February 2006 |
Gujarat Ambuja shipments rise 14 per centGujarat Ambuja Cements Ltd. , India’s third-biggest cement maker, said on Wednesday its January shipments rose 14 per cent from a year earlier to 1.26Mt. Ambuja’s cement production in the same p...News - 01 February 2006 |
Holcim in focus at JP MorganJP Morgan is increasing its DCF-based 18 month price target for Holcim from SF94 to SF106 per share. As its revised price target is 12 per cent above the current share price, the analysts are reta...News - 31 January 2006 |