ACC net profit down 7%, improving demand outlook
India’s second-largest cement producer, ACC, reported a seven per cent decline in profit for the second quarter of the year as operational costs continued to rise. However, impr...
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Jaiprakash considers restructuring operations
Jaiprakash Associates plans to consolidate its entire cement manufacturing operations under one company that it will eventually list on the stock exchanges, according to local p...
UltraTech full-year hit by operational costs
UltraTech Cement, an Aditya Birla Group company, today announced its financial results for the year ended 31 March 2014. Full-year net sales stood at INR58.32bn compared to INR5...
Vicat to take full control of Indian joint venture
Vicat is to take 100 per cent control of Vicat Sagar Cements after agreeing to buy out Sagar Cements from the joint venture company.
India: Shree's Aurangabad plant begins commercial operations
Shree Cement has commissioned 2Mta grinding capacity at Aurangabad in Bihar and informed the Bombay Stock Exchange (BSE) on 10 July that the plant was now in commercial operatio...
India: CMA seeks fairer taxes for cement
The Indian Cement Manufacturers Association (CMA) has requested in its pre-budget memorandum 2014-15 that cement be stipulated as 'Declared Goods', so that it is put on an equal...
LH Merger: LatAm, Asia, Africa
The Lafarge Holcim merger is being viewed as a good geographical fit in emerging markets given Lafarge’s strong presence in the Middle East and Africa, and Holcim’s significant ...
Pakistan exports decline in first 11 months
Despite a marked increase in shipments to India, Pakistan exports have proved disappointing in the first 11 months of the current fiscal, declining both in volume and revenue te...
Producers agree to lower Himachal Pradesh prices, India
Cement producers operating in Himachal Pradesh (HP) have agreed to reduce the price of cement in the northern Indian state to bring it more in line with prices in neighbouring s...
Shree commissions Bihar grinding plant, India
Shree Cement has commissioned a 2Mta grinding unit at Aurangabad in Bihar as part of its plan to gain a foothold in the east of the country.