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Grasim Q3 net profit rises 32%, beats forecast

Industries Ltd, India’s top cement group, said on Friday its quarterly profit jumped 32 per cent, beating expectations as a construction boom in Asia’s fourth-biggest economy drove up prices. ...
News - 31 January 2005

Indian cement industry is sprucing up to meet domestic and global demand

The Indian cement industry is sprucing up to meet the increase in demand from both domestic and global markets. On the domestic front, the Government of India’s infrastructure projects, housing...
News - 31 January 2005

Lafarge pushes cement sales ahead to 119.4Mt

The turnover at Lafarge rose by an underlying 7.7 per cent in 2004 to €14,436m, with cement accounting for €7,403m (51.3 per cent). Turnover in the cement division rose by 9.2 per cent, though the...
News - 28 January 2005

Measures to prevent cement shortage – Qatar

Qatar’s top cement producer QNCC plans to make available some 1.9Mt of cement in the local market this year, anticipating a huge demand for the material in view of the construction boom.  About 60...
News - 26 January 2005

Holcim says treasury share sale concluded

Holcim has sold treasury shares amounting to about 430 million Swiss francs ($364m), the Swiss cement maker said on Tuesday, as it is bidding for Britain’s Aggregate Industries and for India’s Asso...
News - 25 January 2005

Adani group to acquire Everest

Swiss Cement giant Holcim has found a buyer for the Associated Cement Companies’ (ACC’s) 76.1 per cent stake in Everest Industries Limited. The Rs 7,000 crore Adani group has signed an agreement w...
News - 25 January 2005

Holcim’s plans with planned acquisitions

The planned Indian joint venture with Gujarat Ambuja Cement will not only give Holcim a strong position on the Indian market, but also considerable increase the influence of the third largest Indi...
News - 25 January 2005

Gujurat Ambuja’s ACIL stake valuation

Gujarat Ambuja Cements (GACL) could make a lot of money if it ever chooses to sell its 33 per cent stake in Ambuja Cement India (ACIL), the holding company which owns a 13.3 per cent stake in ACC ...
News - 24 January 2005

Locals cast doubt on Holcim Indian plans

Holcim may find it difficult to get a majority in ACC unless they hike their open offer by a substantial amount. All Indian cement companies are on a roll at present, ACC has for example boosted it...
News - 22 January 2005

ACC net up 137.8 per cent

Associated Cement Companies Ltd (ACC) India has recorded a 137.8 per cent increase in net profit at Rs 53 crore for the third quarter ended December 31, 2004 as compared to Rs 22.32 crore for the ...
News - 21 January 2005