Mixed bag of Q3FY13 earnings for Indian cement producers
A weakness in cement prices and softening demand in the region is expected to hit Q3FY13 earnings of some of India’s cement producers. Only ACC and Ambuja are forecast to record...
India
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India: Reliance Cement marketing campaign
Reliance Cement, a 100% subsidiary of Reliance Infrastructure, is currently in the middle of a six-month campaign to better promote its OOH cement brand that was initially launc...
ABG looks to sell minority stake in cement unit, India
India-based private sector ship builder ABG Group, is in talks to offload a minority stake in its cement business, a senior executive has told the Times of India. The cement bus...
Pakistan first-half domestic sales rise, exports remain under pressure
Pakistan has recorded a rise in domestic cement sales in the first half of the current fiscal but export levels continue to remain under pressure.
Chettinad Cement seeks shareholders’ approval for delisting, India
India-based cement producer Chettinad Cement Corporation has begun seeking shareholders approval to delist from the three Indian stock exchanges on which it trades.
CRH – acquisition key to growth
A development spending update released yesterday by CRH shows that growth through vertical integration continued to be a key strategy for the Irish building materials major thro...
Vicat
Vicat Sagar has started up its 2.8Mta cement works north of Karnataka in India in December with the commissioning of the first production line.
Mangalam Cement new projects set for 2013 completion
India-based producer Mangalam Cement, part of the BK Birla group, will complete its capacity expansion projects this year. The company is increasing clinker capacity from 1.5Mta...
Pakistan export volumes fall, rise in value terms
During the first five months of the current fiscal (FY12-13) Pakistan exported 3.612Mt of cement and earned US$245.48m compared to 3.624Mt at US$192.31m in the corresponding per...
Petron wins new order from Madras Cements, India
Petron Engineering Construction has received an order from Madras Cements a proposed grinding unit at Anakapalli Visakhapatnam. “The order is for mechanical, electrical and inst...