Indian cement prices to improve in FY15
According to ICRA research, the demand outlook for FY15 remains favourable and cement prices in India are expected to improve going forward.
Asia & Pacific Rim
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Boral Limited reports 1H15 results
The Australian building materials company reported a 23% increase in profit after tax (before significant items) for the 6 months ending 31 December 2014.
Subdued start to 2015 for the Australian construction industry
The national construction industry remained in contraction in January, according to the latest Australian Industry Group/Housing Industry Association Australian Performance of Construction Index.
Indian cement companies report 3Q results
HeidelbergCement India, Ramco Cements and Mangalam Cement have reported figures for the October – December quarter.
India’s CREDAI urges government to reduce sand and cement prices
The Confederation of Real Estate Developers’ Associations of India has urged the government to bring down the prices of cement and sand in Andhra Pradesh.
Ramco Cements records a decline in quarterly income
Ramco Cements reported a decline in income from operations to Rs.815.93 crore in the three months ended 31 December 2014.
Far East Opportunities & Risks - Part Two
Paul Maxwell-Cook concludes his review of the major countries that are making the headlines in the Far East.
JK Lakshmi Cement announces 31% rise in net profit
India’s JK Lakshmi Cement reported a 31% y/y increase in net profit to Rs.18 crore in the October – December 2014 quarter.
Star Cement wins at 5th North East Consumer Awards
Star Cement received the Most Preferred Cement Brand of the Year 2014 award at the 5th North-East Consumer Awards in India.
ACC reports 5.4% cement sales growth in 2014
India’s ACC, part of the Holcim group, has reported its financial results for 2014, including an improvement in sales, profit after tax, cement prices and volumes.
Wonder Cement to more than double its production capacity
India’s Wonder Cement Ltd has announced plans to increase its production capacity from 3.25 million tpy to 6.75 million tpy. The company has also appointed a new Executive Director.
Australian government pledges AUS$25 million in funding for CCS project
The Australian government will provide AUS$25 million in funding to the Cooperative Research Centre for Greenhouse Gas Technologies, which is running a carbon capture and storage project at its Otway site in Victoria.
Shree Cement reports profit drop despite income gain
The Indian cement producer reported a decline in net profit of 18.9% due to higher input costs.
December 2014: India’s core sector growth slows
India’s core sector growth slowed to 2.4% in December 2014, compared to 6.7% in November 2014 and 4% in December 2013.
Grasim Industries reports 13% increase in revenue in 3Q15
Grasim Industries has increased production across the cement, VSF and chemicals businesses, bringing about a rise in revenues and PBIDT.