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Export and find new markets

Local Malaysian cement manufacturers should seek new markets abroad for their material by partnering Malaysian construction companies with operations overseas, International Trade and Industry Min...
News - 12 April 2005

Holcim and GACL achieve financial closure, India

Gujarat Ambuja Cements Ltd (GACL) and Holcim Ltd on Thursday completed financial closure of transaction worth Rs 35.4bn (US$810.4m) under which Holcim will hold 67 per cent stake in Ambuja Cement ...
News - 11 April 2005

New Clinker Grinding Plant For Chettinad Cement Co Ltd at its Karikalli Cement Plant, India

Humboldt Wedag India Ltd. and its holding company, KHD Humboldt Wedag AG, Germany were awarded the contract for engineering and supply of a new 0.5Mta clinker grinding plant by Chettinad Cement Co...
News - 11 April 2005

Markets remain unsettled

The news front the week has been marked by the troubled negotiations on steel prices between Chinese steel mills and their suppliers. After mills accepted the now benchmark level of 71.5 per cent ...
News - 08 April 2005

FIs to sell one-third of ACC stake in open offer

With the Holcim open offer for ACC coming to a close on Monday, shares have started trickling in. Domestic institutional investors are set to tender around one-third of their shareholding in the o...
News - 08 April 2005

Holcim GAC close deal

Gujarat Ambuja Cement (GACL) and Holcim on Thursday announced the completion of the financial closure of a Rs 3,540 crore transaction by which Holcim has taken a stake in Ambuja Cement India.  "Hol...
News - 08 April 2005

LIC to tender its stake in Holcim open offer for ACC

The Life Insurance Corporation (LIC) of India, the largest institutional shareholder in the Associated Cement Companies (ACC) Ltd has decided to tender a five per cent stake in the open offer of H...
News - 07 April 2005

Afghan cement factory renovation

A cement factory based in Dubai, the International Star Cement Factory, has announced that it will spend US$25m on the renovations of an old cement factory in Ghor district in northern Baghlan pro...
News - 06 April 2005

Holcim woos ACC investors

Holcim, has taken an aggressive approach to push through its open offer to the shareholders of the Associated Cements Ltd (ACC). DSP Merrill Lynch, merchant banker to the offer, has appointed agen...
News - 06 April 2005

JK Cement plans plant in Karnataka

JK Cement, India, plans to set up a one million tonne grey cement plant in Karnataka. The company is currently assessing limestone deposits in Bagalkot district in north Karnataka. “Once the limes...
News - 05 April 2005