The Competition Commission of India has ‘formed a prima facie opinion that the combination is likely to have an appreciable adverse effect on competition’ and announced that it will be inviting public comments on the planned LafargeHolcim merger.
According to local press, the Nepal Investment Board, which is led by Prime Minister Sushil Koirala, has approved a proposal by India’s Reliance Group to build a cement plant in the south of the country.
Lafarge Malaysia has recorded a 54% drop in net profit for 3Q14, attributed to lower revenues and higher costs.
India’s Competition Commission has approved Jaiprakash Associates’ proposed sale of its cement grinding unit at Panipat, Haryana, to Shree Cements.
The Ministry of Industry is reportedly expanding road access and supplying electricity to cement plants in Nepal.
Siam Cement Group will reportedly have invested US$1.4 billion in the Indonesian cement industry by 2015.
According to a new report by Timetric, construction activity in China is set to continue to grow at a fast pace, despite concerns over 'ghost cities' and the indebtedness of local governments.
Shree Digvijay Cement Company and Trinetra Cement have reportedly increased their incomes and reduced net losses in the July – September quarter.
China Triumph International Engineering Co., Ltd has signed an EPC agreement for a 6000 tpd hydrated cement production line project.
New analysis by CPI demonstrates that, with the right policies, India’s transition to a low carbon energy system could free up significant financial capacity over the next 20 years.
India Cements has recorded net profit of Rs.7.49 crore for the July – September quarter.
Cement sales volumes have risen in Pakistan, though there is regional disparity in terms of exports versus domestic sales.
Asia Cement (China) Holdings Corp has reported increased revenue and profit for the nine months to 30 September as sales volumes grow by 16%.
Sales and operating income were up for the Indian cement company, but higher operating expenses brought net profit down for the quarter ended 30 September.
As part of the new 2014 – 20 National Plan to Cope With Climate Change, the Chinese government will limit carbon dioxide emissions from the steel and cement industries.