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Some gains noted with markets firmingAs expected, last week saw the Capesize market continuing to rise in both basins. In spite of uncertainty concerning the price evolution of raw materials, production targets are expected to be met...News - 17 August 2005 |
Holcim may merge ACC with Ambuja Cement EasternHolcim is reported to have indicated to the Securities and Exchange Board of India (Sebi) that it is weighing the option of merging ACC — in which it owns 34.7 per cent through majority-held Ambuj...News - 16 August 2005 |
Cement makers working close to full capacityAfter almost a decade of overcapacity, Indian cement manufacturers are now witnessing full capacity utilisation at their manufacturing facilities, thanks to the booming Indian economy. Some of the...News - 16 August 2005 |
Binani Industries to divest cement stakeBinani Cement, a wholly owned subsidiary of Binani Industries, India, is likely to place around 25 per cent equity stake with private equity investors. "A few investors have shown interest in picki...News - 15 August 2005 |
PCMA offers subsidised cement to governmentPakistan Cement Manufacturers Association (PCMA) has offered to sell cement directly to the government at the rate of Rs 245-250 per 50-kg despite considerable increase in cost of production, indu...News - 12 August 2005 |
Cement M&A activity dries up in IndiaIt’s apparently becoming difficult for prospective buyers to strike takeover deals in the cement sector. Suitors, including some of the top names such as Zuari, Cemex and Dalmia’s, are moving arou...News - 11 August 2005 |
Cement output dips in July, IndiaMajor cement companies reported a decline in production in July this year over the corresponding month last year. Cement production of Gujarat Ambuja Cements Limited (GACL) in July has decreas...News - 10 August 2005 |
Gujarat Ambuja may invess in Rajasthan, IndiaGujarat Ambuja has shown interest in investing Rs 1,000 crore in a cement plant in Marwar Mundwa region of Rajasthan. The chairman of Gujarat Ambuja, Suresh Neotia, indicated this while addressing...News - 10 August 2005 |
Some signs of an upturn visibleDespite the fall in rates recorded over the last three/four months, owners have so far preferred to wait for a rebound. The upturn registered this week, at least on the Cape and Panamax markets, s...News - 10 August 2005 |
Shiva plans to restart kiln, mid-August, IndiaShiva Cement Ltd., has informed BSE that the major shut down of it kiln (June 2005) is going to be restarted on August 16 with major modifications. The company expects improvement in production and...News - 09 August 2005 |