JK Cement receives approval for Bangalore plant, India
The Bangalore State High Level Committee (SHLC) has cleared a proposal by JK Cement’s (Western) Ltd to establish a cement factory at Chittapur taluk in Gulbarga district. The co...
India
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India: dumping duty on UAE, Iran white cement extended
India’s Finance Ministry has extended the validity of existing anti-dumping duty on white cement imports from Iran, UAE until 11 April 2013. Business Line reports that this this...
Indian cement: gradual improvements expected
Financial services firm Motilal Oswal Securities has said it is expecting a gradual improvements in the Indian cement sector which is starting to overcome recent challenging times.
JP Morgan ups Holcim price target on US outlook, risks remain
JPMorgan raises Holcim's price target to CHF56.50 from CHF55.20 due to optimism on the outlook for the private building sector in the US.
JK Lakshmi capacity to reach 8.5Mta by end-2013, India
JK Lakshmi Cement Ltd's capacity is expected to rise to 8.5Mt by end-2013 from 4.7Mt currently, Whole-time Director Shailendra Chouksey said at a conference organised to announc...
ABG Group wins Azhikkal port cement terminal project, India
The construction of cement terminal at the Azhikkal port, North Kerala, will be awarded to Mumbai-based ABG Group, the Times of India reports. ABG Group was the sole bidder for ...
Improved prices help raise Shree Cement’s quarterly profit, India
Shree Cement, which has a strong presence in the North India market, reported an increase in net profit of INR11.28 crore for the fourth-quarter of FY11-12 (ending March 2012) l...
Merrill Lynch increases stake in Rain Commodities, India
Hong Kong-based Merrill Lynch Capital Markets Esparia on Tuesday announced acquiring 90,000 shares of Rain Commodities, the Economic Times of India reports. The foreign fund hou...
FLSmidth affirms 2012 outlook
FLSmidth has affirmed its outlook for full-year 2012 as a strong order intake in 1Q confirms growth expectations and positive outlook.
Tamil Nadu government to invest in state plants, India
The Tamil Nadu government is to upgrade two of its cement plants with an investment of around of INR515 crore. The Business Standard of India reports that the state government i...