UltraTech to pass 100 million tpy capacity mark
UltraTech Cement is to acquire the cement business of Cement Textiles, taking the Indian cement producer’s global capacity to 109.9 million tpy.
Indian Subcontinent
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Lucky Cement reports strong results
Lucky Cement has reported a strong increase in cement production and sales in the nine months to 31 March 2018.
Lucky Cement plans expansions in Iraq and Pakistan
Lucky Cement has planned an increase in the the cement production capacity at its Pezu Plant, Pakistan, and the commissioning of a clinker production plant in Samawah, Iraq.
Vortex has announced a new representative in India
Vortex, a solids and bulk handling components company, has announced Enge Plas Automation (S) Pte Ltd as its new representative in India.
Despite rising costs, ACC reports a positive 1Q18
ACC reported a rise in earnings and pre-tax profits in 1Q18, as sales volumes jumped 8% and the company limited the impact of higher fuel and materials costs.
Rising costs peg back UltraTech’s pre-tax profits
Rising fuel costs offset rising sales at Aditya Birla Group’s UltraTech cement in the financial year to 31 March 2018.
Votorantim may be planning to sell Indian operation
According to local media reports, Votorantim Cimentos is planning to sell its majority stake in Indian cement producer, Shree Digvijay Cement.
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.
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.
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.