COMPAT reserves order on cement firms appeal, India
India’s Competition Appellate Tribunal (COMPAT) has reserved its order over a batch of appeals filed by cement producers contesting the INR63.07bn (US$1.1bn) penalty imposed by ...
Pricing
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Egypt's Shura Council suggests fixed pricing
Following mounting concerns over recent rises in domestic cement prices, Egypt's Shura Council housing committee (upper house of parliament) has suggested imposing mandatory pri...
HeidelbergCement reduces debt, profit edges ahead
German cement major HeidelbergCement reported increases in revenue and operating income in 2012 as well as a significant reduction in net debt.
COMPAT hearing set to resume, India
The Competition Appellate Tribunal (COMPAT) hearing is to resume today over petitions filed by cement companies over the INR63.07bn (US$1.1bn) penalty imposed by the Competition...
Credit Suisse expects improved Indian pricing environment
The Indian cement sector could see an uptick in cement prices in the first quarter of fiscal 2014 with the biggest improvements expected to be in the north, a report on the sect...
Egypt’s Ministry holds talks with cement industry over price concerns
Egypt’s Ministry of Industry and Foreign Trade has said it will take measures to curb rises in cement prices following meetings held with cement companies, according to local pr...
Credit Suisse upgrades HeidelbergCement
Credit Suisse has upgraded HeidelbergCement from underperform to neutral and increased its target price to EUR53.00 from EUR37.00, Dow Jones reports. The bank says a more upbeat...
Andhra Pradesh prices rise on new capacity additions, India
Cement prices in the Indian state of Andhra Pradesh have come down by about INR10-15/bag following the introduction of new capacity additions. The Business Standard of India rep...
Egypt considers levy on cement exports
Egypt’s Ministry of Industry and Foreign Trade Eng Hatem Saleh has said that the ministry is considering imposing a levy on cement exports as a result of increases in cement pri...
Macquarie more positive on China cement sector
Research house Macquarie is turning more positive on the cement sector and expects to see more signs of downstream demand recovery in mid-2013 following a recent market visit.