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Asia & Pacific Rim - 27 July 2011

Orient Paper and Industries to demerge its cement business

Orient Paper and Industries has announced its intentions to demerge its cement business in order to create a pure-play cement company. Orient’s shareholders will participate directly in the cement company.

 

UltraTech Cement releases financial results

UltraTech Cement has announced a rise in profit for the quarter ended 30 June 2011, but notes that its results were adversely impacted by a 30% increase in domestic coal prices.