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.
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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 fuel costs offset rising sales at Aditya Birla Group’s UltraTech cement in the financial year to 31 March 2018.
According to local media reports, Votorantim Cimentos is planning to sell its majority stake in Indian cement producer, Shree Digvijay Cement.
Indian cement production continued its positive start to the year in February 2018, recording levels well ahead of the same period in 2017.
India’s Wonder Cement has ordered two move vertical mills from Gebr. Pfeiffer, bringing the company’s total to seven.
India’s largest cement producers appears to be favourite to takeover bankrupt Binani Cement, after upping its bid.
UltraTech has made a new bid for bankrupt Binanai Cement, aiming to disrupt a creditor-approved offer from Dalmia Bharat.
India’s Cement Manufacturers’ Association reported production up in January 2018 and year to date.
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 is set for a decade of robust growth on the back of government infrastructure spending and increased private investment.
A consortium led by Dalmia Bharat, one of the largest cement producers in India, appears to have won the bidding for bankrupt Binani Cement.
LafargeHolcim’s two subsidiaries in India will not pursue a merger at this time, although it remains the long-term objective.