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Cement consumption jumps to 11%

Domestic cement consumption is recording double-digit growth rates this year. According to the just released by the Indian CMA (Cement Manufacturer’s Association) numbers, the consumption grew a r...
News - 20 January 2006

Nine-month export of cement hits 386,000t

Some 386,000 tons of cement, valued at $20.1m, was exported from Iran since the beginning of the current Iranian year (March 21, 2005). This showed 12% increase (in terms of weight) in comparis...
News - 17 January 2006

Anglo American to divest of Tarmac?

In its strategic review published last autumn, the large international mining group Anglo American took a close look at its non-mining interests and decided to sell its stake in Highveld Steel and...
News - 17 January 2006

Spinnaker to acquire 45.23% in Sanghi Industries, India

The British Virgin Islands-based investment fund Spinnaker Global Opportunity Fund Ltd along with two other Spinnaker funds has decided to make an open offer to the shareholders of Sanghi Industri...
News - 17 January 2006

Cement cos record 10.2% growth, India

Cement consumption in India recorded a healthy 10.2 per cent growth during April-November 2005, as sustained demand led to higher utilisation rates, but higher energy costs remain a cause for conc...
News - 17 January 2006

Funds to buy into Saurashtra Cement

Asian Debt Management (ADM), the UK-based Toro Managers and Brescon Advisory will buy up to 23 per cent equity in the Mehta group-promoted Saurashtra Cement (SCL) for Rs 105 crore. "Through a prefe...
News - 16 January 2006

Chettinad Cement to increase capacity

Chettinad Cement Corporation, India plans add an additional capacity of 500,000t at its Dindugal plant in Tamil Nadu, taking the total plant capacity to 1.7Mt. The company is setting up a grinding ...
News - 16 January 2006

Gujarat Ambuja describes Holcim plan as `speculative’

Gujarat Ambuja Cement Limited (GACL), which has entered into a strategic alliance with Swiss cement major Holcim, described as ‘speculative’ the overseas firm’s plan to acquire stake in the Indian...
News - 09 January 2006

ClearWater may buy stake in SCL

Private equity funds like ADM Capital and ClearWater Capital are in talks with the Saurashtra Cement (SCL) management to pick up a minority stake in the company. The board of directors of SCL will...
News - 09 January 2006

SAIL’s Bhilai joint venture: three cement cos in fray

Steel Authority of India Ltd (SAIL) is likely to choose one of three leading cement companies - Jaypee Cement, Shree Cement and Birla Corporation - for its proposed joint venture unit at Bhilai.  ...
News - 09 January 2006