Indian cement production continues positive start to the year
Indian cement production continued its positive start to the year in February 2018, recording levels well ahead of the same period in 2017.
Indian Subcontinent
Wonder Cement orders two more Pfieffer mills
India’s Wonder Cement has ordered two move vertical mills from Gebr. Pfeiffer, bringing the company’s total to seven.
UltraTech appears to be favourite to takeover Binani
India’s largest cement producers appears to be favourite to takeover bankrupt Binani Cement, after upping its bid.
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UltraTech makes new move for Binani Cement
UltraTech has made a new bid for bankrupt Binanai Cement, aiming to disrupt a creditor-approved offer from Dalmia Bharat.
Indian cement production up year-to-date
India’s Cement Manufacturers’ Association reported production up in January 2018 and year to date.
Vicat Group to boost Indian capacity
Vicat Group is to expand its capacity in India, investing in the expansion of its Kalaburagi plant, as well as a new grinding plant in Vizianagaram.
India’s construction industry to grow strongly
India’s construction industry is set for a decade of robust growth on the back of government infrastructure spending and increased private investment.
Dalmia-led consortium likely buyer of Binani Cement
A consortium led by Dalmia Bharat, one of the largest cement producers in India, appears to have won the bidding for bankrupt Binani Cement.
ACC and Ambuja not proceeding with merger
LafargeHolcim’s two subsidiaries in India will not pursue a merger at this time, although it remains the long-term objective.
More Indian Subcontinent news
Gebr. Pfeiffer books fourth order from Nepal
German mill manufacturer, Gebr. Pfeiffer has received its fourth order for a vertical mill from Nepal.
LafargeHolcim to invest CHF 200 million in Indian cement industry
LafargeHolcim set to strengthen its presence in the Indian cement industry by investing CHF 200 million.
Shree Cement commissions new grinding unit
Shree Cement Co. commissions new cement grinding uni, Bangur Cement, in Rajasthan.
CCI accuses cement companies of forming cartel
Competition Commission of India has found, in a preliminary investigation, that six cement companies have formed a cartel.
Higher costs hit Lucky Cement’s bottom line
Lucky Cement’s costs rose substantially in the second half of 2017, more than offsetting a rise in sales revenues.
LafargeHolcim completes consolidation of Bangladeshi businesses
The consolidation of LafargeHolcims businesses in Bangladesh has been completed.