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Shree hopes for 8-9 per cent growth, India

Shree Cement hopes to log a growth of 8-9% for the whole year. The company is bullish about the industry’s prospects and expects to outperform it. HM Bangur, MD of Shree Cement thinks that the cap...
News - 07 February 2005

Cement prices inching up, India

The price of cement has gone up by Rs5-10 per 50-kilogram bag across the various regions. The trend is likely to continue till monsoon. However, the price rise is not likely to affect the construc...
News - 07 February 2005

Holcim not to increase open offer price for ACC , India

Holcim is not considering an increase in its open offer price for Associated Cement Companies, said a senior official with DSP Merrill Lynch, which is the advisor to the multinational for its acqu...
News - 07 February 2005

Good times ahead for India Cements

The stage is set for India Cements to turn the corner this year. The performance of this South India-based leading cement maker was dragged down by huge debts that it had run up in the last decade...
News - 07 February 2005

Italcementi still targets Mediterranean markets

At its latest news conference, after releasing its preliminary results for 2004 Italcementi stated that it is to enhance its presence on the markets in the Mediterranean area. Among Italcementi pr...
News - 04 February 2005

Holcim aims to expand in China

Holcim which recently announced big acquisition plans in India and the UK, plans to expand its position in the Chinese market as well, Chief Executive Officer Markus Akermann said Thursday.  "We t...
News - 04 February 2005

Holcim may have to make open offer for Everest

Holcim’s agreement with Adani over ACC’s 76.01 per cent stake in materials firm Everest Industries is raising regulatory eyebrows and investor concerns, with analysts dubbing it as a curious and s...
News - 04 February 2005

Holcim plans to invest additional funds in India

Holcim plans to invest additional US$1bn in India over 5-7 years Business Standard reported, quoting a senior executive of Gujarat Ambuja Cement Ltd. This investment is in addition to Holcim’s inve...
News - 04 February 2005

Cement to cost more in South India

Major cement companies have hiked the price of cement in South India by Rs 8-10 for a 50 kg bag. In Tamil Nadu, the price hike was about Rs eight while in Kerala, the prices have been increased by...
News - 04 February 2005

Narotam Sekhsaria in focus

Some 24 years ago, Narotam Satyanarayan Sekhsaria, a 33-year-old cotton trader from Gujarat left the family-run business to try his hand in the cement sector. here was a stable demand for cement ...
News - 01 February 2005