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Holcim buys into Gujarat Ambuja

As forecast  by CemNet some weeks ago, Holcim Ltd has now said it has just acquired a 14.8 per cent stake in India’s third largest cement maker Gujarat Ambuja Cements Ltd for US477m and plans a pu...
News - 30 January 2006

Cement shortage brings construction to halt

Chandigarh India: The city has been facing acute shortage of cement for the last couple of weeks following the ban on overloading of trucks carrying cement on the direction of the Supreme Court. I...
News - 30 January 2006

Holcim substantially increases Indian exposure

Holcim is further consolidating its relationship with Gujarat Ambuja Cements Ltd., the third largest Indian cement producer by acquiring a 14.8% stake from the founding Neotia and Sekhsaria famili...
News - 30 January 2006

CEMEX results boosted by RMC

Cemex consolidated net sales for the fourth quarter of 2005 grew 98 per cent to US$3.96bn compared to the same quarter of 2004, mainly as a result of the acquisition of RMC. Majority net income fo...
News - 27 January 2006

Sekhsaria takes over as ACC chairman

The board of Associated Cement Companies (ACC) has undergone a major reshuffle. The ACC board on Tuesday appointed NS Sekhsaria, the current deputy chairman and one of the promoters of Gujarat Amb...
News - 25 January 2006

India Cements Q3 net up

India Cements Ltd has posted a net profit of Rs 7.22 crore on sales of 411.87 crore for the quarter ended December 31, 2005 compared to a loss of Rs 33.31 crore on sales of Rs 319.01 crore for the...
News - 25 January 2006

Indian cement industry in growth mode

The Indian cement industry has witnessed a robust growth of 8.7 per cent in volume terms during the third quarter of current financial year and about 10 per cent rise in dispatches in the first ni...
News - 24 January 2006

India’s ACC Q3 net profit quadruples

Associated Cement Companies Ltd, India’s second-biggest cement maker, said on Tuesday its quarterly net profit nearly quadrupled, including a one-time gain, on surging prices and higher sales. ACC...
News - 24 January 2006

Lilama Wins contract to India

The Vietnam Machinery Installation Corporation (Lilama) has signed a contract worth nearly $40m to manufacture and supply steam boilers for India’s Barh STPP, state media reported. Earlier, Lil...
News - 24 January 2006

Siam Cement seen posting weak Q4 on shutdowns

Siam Cement(SCC) is set to report a 26 per cent fall in fourth quarter earnings on Wednesday due mainly to petrochemical plant maintenance shutdowns and high fuel costs.  Risks of a downturn in the...
News - 20 January 2006