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Cement prices go up 3% on housing boom, India

Domestic cement companies raised prices in Mumbai by about three per cent as a housing boom and government spending on roads and bridges fueled demand, distributors said. Shares of cement companie...
News - 26 April 2005

Italcementi chairman confirms modest 2005 forecast

Italcementi’s (ITAI.MI) Chairman Giampiero Pesenti on Friday confirmed group targets for 2005 after Italy’s biggest cement maker gave only a modest outlook for the year due to high costs and bad w...
News - 25 April 2005

Gujarat 3Q growth flat on demand, India

Gujarat Ambuja Cements Ltd India’s third largest cement maker reported a marginal drop in its fiscal third quarter net profit due to flat cement prices and higher costs.  Gujarat Ambuja’s net ...
News - 21 April 2005

Higher costs to crimp India cement makers’ profit

Higher fuel costs will have dented quarterly earnings of India’s leading cement companies, but their outlook remains upbeat thanks to strong demand in a growing economy. Cement consumption in t...
News - 19 April 2005

Grasim profits seen up

Only diversified Grasim Industries Ltd., the nation’s top cement group, is expected to report a small rise in fiscal fourth-quarter earnings, up 1.3 per cent at 2.8bn rupees (US$64m), a Reuters po...
News - 19 April 2005

Holcim now calls the shots at ACC

Cement major Holcim of Switzerland has announced that it has taken over Associated Cement Companies (ACC) through Ambuja Cement India Ltd (ACIL). Holcim says that ACIL is now the largest sharehold...
News - 18 April 2005

Steel units using blast furnace ’facing crisis’

Indian steel units using the blast furnace route of steel production are facing a major crisis in offloading the slag because cement companies are mostly using the flyash generated by thermal powe...
News - 15 April 2005

Steel units using blast furnace ’facing crisis’

Indian steel units using the blast furnace route of steel production are facing a major crisis in offloading the slag because cement companies are mostly using the flyash generated by thermal powe...
News - 15 April 2005

Roadblock on Holcim’s Indian adventure

Swiss cement group Holcim Ltd and an Indian partner have fallen short in their attempt to acquire Associated Cement Companies Ltd., India’s biggest cement maker by sales. The open offer for 50.01 ...
News - 14 April 2005

Holcim-Gujarat ambuja offer

Indian investors have put in shares constituting about 21 per cent capital of Associated Cement Company Limited in response to a combined open offer by Gujarat Ambuja Cement Ltd and Holcim Ltd whic...
News - 12 April 2005