Jaiprakash in new attempt to sell Gujarat assets, India
Jaiprakash Associates is reportedly planning to sell its Gujarat-based cement units within a few weeks in an effort to reduce debt.
India
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Jaiprakash Associates seeks permission for land acquisition
Jaiprakash Associates is seeking permission from the Himachal Pradesh state government to start land acquisition for a new cement plant. Industries Minister Mukesh Agnihotri inf...
Sinoma makes Indian acquisition
Sinoma International Engineering (Hong Kong) Co Ltd, part of China National Materials Group Corporation Ltd, has acquired a majority stake in India-based cement equipment manufa...
Credit Suisse sees Indian demand higher from next fiscal
Despite the Indian cement sector facing a number of challenges last year, Credit Suisse forecasts improvements in consumption going forward with higher growth rates expected fro...
ACC plans capex of INR33bn in 2013
ACC Ltd, India's second-largest cement producer, has planned a capital expenditure of INR33bn (US$603.9m) in 2013, most of which will be used for the expansion of an existing un...
Nepal Cement factory limestone supplies obstructed
A cement plant in Nepal has been unable to producer clinker for over a year and a half as local residents have prevented it from extracting limestone. Arghakhanchi Cement Indust...
UltraTech Cement production at 4Mt in March
UltraTech Cement said that the company’s total production for March 2013 was 4Mt. Dispatches were 4.01Mt, the company said in a filing to the Bombay Stock Exchange. India’s larg...
Indian cement price hikes fail to hold in March
Cement price hikes initiated during February in the Indian market have failed to stick during March as demand remains subdued across the country.
Indian producers struggle with flat market growth
Indian cement companies are experiencing challenging market conditions as subdued demand during the peak season is preventing producers from raising prices.
Pakistan exports rise 24% YoY in value
Pakistan has reported flat growth in export sales in terms of volume for the first eight months of fiscal 2012-13, but a strong advance has been reported in terms of value thank...