Dalmia Cement today reported a 34.9 per cent increase in cement dispatch for October, 2009 at 3.36 lakh tonnes.The company had reported cement dispatch of 2.49 lakh tonnes for the corresponding month last year, Dalmia Cement said in a statement. In terms of cement production, it has reported a 49.5 per increase for the month of October 2009 at 3.23 lakh tonnes as compared to 2.16 lakh tonnes. The company...
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Production of cement came to a halt for more than two weeks and its movement stopped for the last three weeks in the public sector Malabar Cements Limited (MCL) at Walayar for want of railway wagons to transport it to various parts of the State. This has resulted in the company losing its market share of eight per cent in the State.A stock of 8,000 tonnes of cement and 35,000 tonnes of clinker is lying...
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Aditya Birla Group owned UltraTech Cement is set to become country’s top cement firm by acquiring its sister unit Samruddhi Cement. The proposal has already been approved by respective boards of both firms.The stockholders of Samruddhi would get three shares of UltraTech per seven shares held in Samruddhi.Currently, Swiss firm Holcim has a significant share in the 200-million tone cement market in...
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Though raw material is available, a cement bag is being sold at Rs. 220, they claimUrge the government to take up iron ore excavation instead of giving it to private minersAll-party leaders discussing the high prices of cement bags in Kadapa on Friday.KADAPA: Leaders of an all-party committee warned on Thursday to stall movement of trucks carrying iron ore and cement bags, if the government fails to...
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UltraTech, Ambuja Cements face erosion in realisation as prices dip by $10 a tonne.With overcapacity, declining demand and piling of inventory pushing cement prices down by $5-10 a tonne in the cement exports market, domestic exporting players have found realisations are no longer remunerative.According to them, overseas demand for cement may decline by around 20-30 per cent this year. In addition,...
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Aditya Birla group firm Ultratech Cement today said its board will meet on November 15 to discuss the the issues related with the merger of Samruddhi Cement...
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Cement prices in Kolkata and elsewhere in the eastern region are set to be hiked by Rs2-5 per 50 kg bag from November 16. Biggies such as UltraTech, Ambuja, ACC and Lafarge have already sent in a diktat to this effect to their dealers,has learnt. In Kolkata, prices are currently quoting at Rs270 per bag for retail buyers and Rs 265-266 for wholesale buyers. That's in sharp contrast to the trend elsewhere...
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The Rs 306-crore Hyderabad-based Sagar Cements has aggressively ramped up capacity over the past 12 months to take advantage of the rapid growth in cement demand in its home state and neighbouring states. Executing its growth strategy, the company has expanded capacity to 2.5 million tonne from less than 3 lakh tonne at the end of FY 08. This development has come at a time when cement consumption in...
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Within one-and-a-half-months of Grasim's decision to demerge its cement business, the second phase of consolidation is likely to begin tomorrow.UltraTech Cement, a part of the Aditya Birla Group, has convened a board meeting on Sunday to decide the proposed merger of Samruddhi Cement with itself. Samruddhi is the new entity in which Grasim decided to transfer its cement division last month as the first...
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CHENNAI: Chinks are appearing in theworld's second largest cement market as the market leader, Holcim, has decidedto severe ties with the industry body, the Cement Manufacturers Association— ostensibly to avoid backlash in Europe over cartelisationcharges.Associated Cement Companies (ACC) and Ambuja Cement, bothpart of Holcim Group of Switzerland, have expressed their desire not to be partof the Cement...
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