Search Results
Stronger freight prices seen as demand growing in grain seasonThe USG Supramax/Ultramax market is in a positive mode. Excessive tonnage supply was absorbed fast as demand was gradually appearing, particularly on fronthaul routes. Charterers had to improve th...News - 25 October 2022 |
Asian Paints enters JV for new white cement plantAsian Paints is joining forces with Riddhi Siddhi Crusher & Land Transport, based in Fujairah, and Associated Soap Stone Distributing Co Pvt Ltd (ASSD) to set up a white cement and clinker plant i...News - 25 October 2022 |
High cost impacts Pakistan cement export in 3MFY22According to Intermarket Securities Ltd, in 1QFY22-23 (July-September 2022) overall cement industry utilisation stood at 56 per cent, compared to 72 per cent in the same period last year. The fall...News - 24 October 2022 |
SDCC profit hampered by fuel costs in 2QFY22-23India-based Shree Digvijay Cement Co Ltd (SDCC) has reported revenue from operations of INR1620.1m (US$19.6m) in the quarter ended 30 September 2022 (2QFY23), compared to INR1538.8m in the same ...News - 24 October 2022 |
Ambuja Cements posts 68% decline in profit in 3QFY23Ambuja Cements has posted a 68 per cent fall in standalone net profit in the 3QFY23 ended 30 September 2022. According to Mint, net profit for the three-month period came in at INR1380m (US$16.6...News - 24 October 2022 |
Cement sector fuels Indian M&A recordAdani Group ’s acquisition of Ambuja Cements and ACC has contributed to a new record in merger and acquisition (M&A) activity in India. According to data by Refinitiv, the value of M&A deals ...News - 21 October 2022 |
Sagar Cements sees revenue of US$57m in the 3Q22Sagar Cements Ltd has reported unaudited consolidated revenue from operations of INR4745.5m (US$57.22m) in the third quarter of 2022, compared to INR3689.3m in the same quarter a year earlier. T...News - 21 October 2022 |
UltraTech reports net sales of US$1.64bnUltraTech Cement Ltd ( Aditya Birla Group ) has announced consolidated net sales of INR135,960m (US$1.64bn) for the quarter ended 30 September 2022, versus INR117,430m in the corresponding perio...News - 20 October 2022 |
Study aids decarbonisation plans in emerging marketsA recent study into how cement is used in emerging markets has revealed a number of trends with key implications for the decarbonisation of the cement industry. The study, titled ‘Paving the wa...News - 20 October 2022 |
Dalmia and Sagar submit formal bids for Andhra CementsDalmia Cement (Bharat) Ltd and Sagar Cements have formally submitted offers to acquire Andhra Cements, according to Business Standard. Andhra Cements, which reportedly owes INR9700m (US$117.9m...News - 19 October 2022 |