Holcim Indian cement interests see modest YoY gains
Holcim’s Indian cement companies, ACC and Ambuja Cements have reported modest rises in June shipments and production in June.
India
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Fitch migrates Binani Cement to non-monitored, India
Fitch Ratings has migrated India-based Binani Cement Limited's (BCL) National Long-Term 'Fitch A(ind)' rating with a Negative Outlook to the non-monitored category. This rating ...
Birla Corp mulls Ethiopian cement plant
India-based Birla Corporation is considering setting up a cement plant in Ethiopia, according to a senior official. The company has formed a wholly-owned subsidiary, Birla Corp ...
KKR eyes stake in Sree Jayajothi Cements, India
Private equity firms Blackstone Group and Kohlberg Kravis Roberts & Co (KKR) are discussing a large stake buy in the cement unit of the Shiram Group, the Times of India reports....
Chettinad Cements plans Karikkali plant expansion, India
India-based Chettinad Cement is considering the expansion of its Karikkali cement plant in Tamil Nadu from 4.5Mta to 7Mta.
Andhra Pradesh government clears 13 cement project proposals
The government of Andhra Pradesh, India, has approved 25 industrial projects proposals including 13 cement plants. The Andhra Pradesh Chief Minister, N Kiran Kumar Reddy, who ch...
Moody's says CCI ruling to hurt Holcim & Lafarge
Moody's has said the Competition Commission of India's (CCI) decision to impose a penalty on 11 cement producers is 'credit negative' for global cement majors Holcim and Lafarge...
Mixed trends for Pakistan cement exports
During the first 11 months (July 2011-May 2012) of the current fiscal year, Pakistan exported 7.64Mt of cement and earned US$446.85m compared to 8.44Mt at US$414.773m in the cor...
BNP Paribas maintains 'deteriorating' outlook on Indian cement sector
BNP Paribas has maintained its ‘deteriorating’ outlook on the Indian cement sector given its weak
UltraTech Cement receives environmental approval for expansion
UltraTech Cement has received environmental clearance for its expansion plans for two of its plants in Madhya Pradesh. The Environment Ministry has given clearance for UltraTech...