India producers refute cartel allegations
Representatives from various cement companies on Friday denied that they formed a cartel to artificially hike prices, saying market dynamics decide the prices, not the companies.
India
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Cement price recovery in western India
Cement prices in western India have recovered from the lows touched a year ago, and on a YoY basis have seen the highest improvement among all domestic regions.
Birla Corp reports strong 4QFY16-17
Cost efficiencies and good price realisations helped India-based Birla Corp post strong results in the final quarter of FY16-17.
HeidelbergCement India expects 6-7% market growth
HeidelbergCement India expects cement demand to increase by 6-7 per cent in FY17-18, with the government’s focus on infrastructure being considered a key driver.
India: Ramco appoints PR Venketrama Raja as new CMD
Ramco Cements has announced the appointment of P R Vektrama Raja as its new Chairman and Managing Director.
Plans to set up cement facilities near India’s thermal power plants
Fifteen companies in India have expressed an interest to set up cement plants near NTCP power stations to help dispose the power company of the 52Mt fly ash generated by its pro...
Orient Cement to acquire two Jaypee units
Orient Cement has reached an agreement to buy two cement units from Jaypee in the central and eastern regions of India.
Dalmia Cement supplies India's longest bridge
Dalmia Cement (Bharat) Ltd has supplied 17,000t of high-quality cement for the construction of the Dhola-Sadiya bridge connecting Arunachal Pradesh to Assam, which was inaugurat...
Prism Cement quarterly net profit falls
India-based Prism Cement’s net profit fell to INR701.5m (US$10.9m) versus INR756.1m a year earlier. Consensus forecast for March quarter profit was INR23.01m, according to Reuters.
Pakistan cement exports continue to disappoint
Pakistan exported 225,778t cement in April on revenues of US$13.49m, down 25.28 and 18.54 per cent, respectively compared to the previous month. Compared to April 2016, export v...