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India: State wants freeze on Binani Cement accounts 10 February 2014 on unpaid tax arrears ┬á (CW Group) In India, the Rajasthan government has asked banks having accounts of Binani Cements to keep the company from withdrawing money, over what it says are tax arrears of over Rs 185 crore, reports the Business Standard.... Type: Article Category: Financial Weaker demand pulls India Cements profit 10 February 2014 Earnings fall as quarterly sales take a dip ┬á (CW Group) India Cements has turned in lower earnings in the third quarter, even as profits for its plants increased, amid a sluggish demand market, reports The Hindu. ┬á The company reported a third... Type: Article Category: Financial India cement makers target Myanmar as sales dip 06 February 2014 firms recently increasing their exports to Myanmar, reports the Times of India. ┬á According to the report, Chettinad Cements, The India Cements, Dalmia Cements and Ramco Cements have started shipping cement to Myanmar in the past few months. "We... Type: Article Category: Markets & Competition Report: India's JK Cements in trouble 13 January 2014 Sources indicate company has witnessed steep decline in production ┬á (CW Group) India based JK Cements has been experiencing some troubles, with production declining 70% according to sources, reports Greater Kashmir. ┬á Official sources revealed that... Type: Article Category: Markets & Competition India's CMA elects new President 09 January 2014 UltraTech director O P Puranmalka has been elected to the post ┬á (CW Group) In India, UltraTech Cements director O P Puranmalka has been elected as the new President of apex industry body Cement Manufacturers' Association (CMA) for 2013-14, reports... Type: Article Category: People CRH reports on 2H 2013 acquisition program 07 January 2014 that were added to the previously announced acquisition of Mykolaiv Cement in Ukraine, and the purchase of Sree Jayajothi Cements Limited by the 50:50 Joint Venture, My Home Industries Limited, in India. CRH Chief Executive, Albert Manifold, commented... Type: Article Category: Mergers & Acquisitions Zuari Cement pushes through with ambitious expansion plan 05 January 2014 The content you tried to access is only available to paid subscribers.Subscribe now Copyright CW Group. All rights reserved. Unauthorized... Type: Article Category: Mergers & Acquisitions Egypt: South Valley Cement's gas supply to be cut 21 November 2013 The cut to be effective as of December ┬á (CW Group) In Egypt, managing director of South Valley Cement declared that the Gas Holding company will cut gas supplies to the company by 50% as of December, reports Mubasher. The company produces about 120... Type: Article Category: Markets & Competition Trinidad Cement's appeal dismissed 21 November 2013 High Court grants the injunction to the minority shareholders ┬á (CW Group) The Appeal Court dismissed the appeal filed by Trinidad Cement, seeking a stay of an injunction that was granted to several of the companyÔÇÖs minority shareholders earlier... Type: Article Category: People Holcim wins minority shareholder support in India 20 November 2013 plans on strong backing from foreign institutional investors who control a little over 30% of its subsidiary, Ambuja Cements, reports The Economic Times. ┬á The above mentioned support from the FIIs may prove sufficient to overcome strong opposition... Type: Article Category: Mergers & Acquisitions India: Vote against Ambuja-Holcim deal 19 November 2013 "We are not in favour of the deal," declared a GIC executive who did not want to be identified. GIC holds 0.94% in Ambuja Cements. In contrast, LIC with a 6.1% stake is undecided on what to do about the deal with the vote on the transaction set for... Type: Article Category: Mergers & Acquisitions Egypt: Sinai Cement's net profit fell 17 November 2013 53% decline in profits for the first nine months of 2013 ┬á (CW Group) In Egypt, the results of Sinai Cement during the first nine months of this year registered a decline of 52.7% in net profit to 40.353 million pounds, compared to a net profit of... Type: Article Category: Financial India: Builders intend to have their own plant 16 November 2013 a 1.5 million tons cement plant in the exchange of an investment of Rs 700 crore in a complex acquired from Seetharam Cements (SCL) at Kondangal, in Mahabubnagar district, for Rs 10 crore. SCL has access to limestone reserves that could sustain an... 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