Holcim's India's rejig plan receives FII support
Holcim may have won minority shareholder support for its restructuring plans in India on strong backing from foreign institutional investors (FII) who control just over 30 per c...
India
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India: The 13th NCB international seminar on Cement and Building Materials opens
The 13th NCB International Seminar on Cement and Building Materials opened it doors to over 800 delegates, including 125 overseas delegates at the Manekshaw Center in New Delhi,...
Lower pricing hits July-September profits, India
Indian cement companies saw their profits drop over the July-September period due to higher cement prices and freight expenses.
Holcim gets FIPB approval for India restructure
Holcim has received approval from the Foreign Investment Promotion Board (FIPB) of India to merge Holcim India Private Ltd (HIPL) with Ambuja Cements as part of plans to streaml...
Holcim held back by weaker Indian and Mexican markets
Holcim's turnover for the first nine months declined by 6.1 per cent to CHF14,941m, as weaker Indian and Mexican markets hold back the company's performance. In euro terms the r...
Zuari Cement breaks ground on new grinding plant, India
Italcementi group company Zuari Cement has launched the construction of a 1Mta grinding unit in Solapur, Maharashtra.
Global demand growth outlook downgraded
A recent report by Morgan Stanley has lowered the growth outlook for global cement demand for 2013 to adjust for a changing economic landscape in emerging regions.
Bangladesh sets next export revenue target
The government of Bangladesh has set an export revenue target of US$6.46m for cement, stone and salt over FY13-14 its export Promotion Bureau (EPB) has said. However, the countr...
Power supplies restored at Birla's Durgapur unit
Birla Corporation has resumed cement production at its Durgapur Cement plant as power has been restored after the severe Cyclone Phailin that hit eastern areas of the country ea...
UltraTech Cement's quarterly profit falls 52% YoY
UltraTech Cement, India’s largest cement maker, posted a 52 per cent decline in net profit for the July-September quarter, mainly due to lower selling prices and subdued demand.