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Gujarat Ambuja Q2 net drops

Gujarat Ambuja Cements Ltd, India's fourth largest cement maker, reported a 1.3 percent drop in quarterly profit on Friday as a result of sluggish prices in its key market.  The company, which has ...
News - 16 January 2004

Rail shortage halts cement

Cement production in Eastern India has been severely hit due to an acute shortages of railway trucks required to transport clinker. Production was hit the hardest in the past two months. Cement un...
News - 13 January 2004

Cemex In Acquisition Talks With Mangalam

Cemex has started talks to buy India's Mangalam Cement Ltd, reports the Economic Times.  The deal may cost the Mexican company around 2 billion rupees ($1=INR45.45) to INR3 billion, said the paper....
News - 12 January 2004

Indian cement sales

The Cement Manufacturers Association(CMA) said India's total cement sales were 9.84Mt in the month of December, 2003, up 3.5 per cent from 9.51Mt a year ago. Total cement output was 9.96Mt in the p...
News - 09 January 2004

India Associated Cement to raise prices

Associated Cement Companies Ltd (ACC) India's second largest cement maker, plans to raise prices by 5 to 10 rupees ($1= INR45.53) per 50kg bag later this month due to stronger demand, a company exe...
News - 08 January 2004

Lafarge expands in Asia

Lafarge is to increase the capacity of its Chongquin cement works in China from 0.8Mt to 1.8Mt by building a second production line.  The US$40m investment is expected to be completed during the la...
News - 08 January 2004

Freight rates hamper cement exports

The surge in shipping freight rates has hindered the exports of cement and clinker from the country. Cement producers would have exported much more but for the rise in freight rates. About 6.9Mt o...
News - 05 January 2004

India Cement Companies raise prices

MUMBAI (Dow Jones)--Indian cement producers have raised prices in Mumbai by an average of 10 rupees ($1=INR45.57) per 50kg bag to INR165 per bag, due to growing demand from the housing and roads s...
News - 05 January 2004

Christmas cheer

We are now less than two weeks before Christmas, and the dry bulk markets show no sign of a possible slowdown. This is confirmed on the voyage market where rates continues their steady rise, as we...
News - 21 December 2003

Kutch builders seek check on cement prices

Even as reconstruction activity in the earthquake-ravaged Kutch district of India is still on, contractors have sought the intervention of Gujarat chief minister Narendra Modi to check the prices o...
News - 18 December 2003