Cement prices set to fall in India
Cement prices in India are expected to drop 8 – 10% by the end of the week as producers feel the effects of weakening demand in the nation.
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Cement prices in India are expected to drop 8 – 10% by the end of the week as producers feel the effects of weakening demand in the nation.
China Shuangji has secured a US$3.7 million loan that will be used to complete construction of its new plant.
Birla Corporation, India, has announced that it will invest Rs.2400 crore over the coming years in a bid to expand its cement operations.
Lafarge, CRH, HeidelbergCement and Italcementi are in a race to acquire Murli Industries in Maharashtra, India.
China Resources Cement Holdings has reached an agreement with Universal Cement Corp. to acquire six affiliate cement companies.
Indian cement producers displayed a positive performance in May as shipments were on the increase.
Jaiprakash Associates has announced that it will invest around Rs 10 000 crore over the next three years.
The zero tariff on imports of cement to the Philippines is worrying producers there, despite only two shipments having come in since the tariff was reduced in February. With price hikes on the horizon, cement companies fear dumping will undervalue local cement.
Cemex’s bid to take over Hyderabad-based Penna Cement hangs in the balance as both companies have been unable to arrive at an acceptable valuation.
Taiwan’s Asia Cement is set to expand capacity by 6 million t in central China through mergers and self-built plants.
JK Cement, India, is carrying out a brownfield expansion project at the Mangrol plant, as well as developing a grinding facility.
ACC Limited is setting up a 3 million tpa cement project at a cost of Rs.1500 crore.