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ABC close to cement carrier order 21 March 2010 dry bulk cargo shippers Precious Shipping and┬á PFS Shipping. Precious Shipping has long-term contracts with Indias UltraTech Cement, agreed to in December 2009 for cement transport for a minimum of 15 years and extendable to 20-25 years using three... Type: Article Category: Shipping & logistics Some India cement markets show price growth 18 March 2010 balanced demand. The brokerage firm is quoted by My Iris as stating, ÔÇ£However, We are neutral on ACC, Ambuja, Grasim and Ultratech, as they are fairly priced and continue to remain positive on India Cements, Madras Cements and JK Lakshmi Cements due... Type: Article Category: Volume & Pricing Cement price hikes related to excise duty 02 March 2010 on the Bombay Stock Exchange, which showed Indian cement makers, like Ambuja Cement, Binani Cement, Saurashtra Cement, and UltraTech Cements posted a gain anywhere between two and six percent.[/PAID] Copyright CW Group. All rights reserved. Unauthorized... Type: Article Category: Volume & Pricing Indian cement players increasing capacity 15 February 2010 from the Hindu Business Line said. Holcim group companies ACC and Ambuja Cements are increasing capacities to keep up with UltraTech Cement of the Aditya Birla group with both having outlined plans for significant capacity additions over the new few... Type: Article Category: Plant Expansions Indian cement will expand to meet growing demand 14 February 2010 infusion to add 10 MT to take its production capacity to 60 MT. For its hand, Aditya Birla Group, which owns Grasim and UltraTech, will add 25 MT at an investment of Rs 14,000 crore ($3 billion) in the next five years to ramp up capacity to 75 MT, the... Type: Article Category: Plant Expansions Aditya Birla to spend $1.4bn to expand operations 04 February 2010 a report the Economic Times said. India's largest cement group is now combining its cement business under top selling UltraTech Cement by combining some of its units from Grasim Industries, as it plans to counter the increased competition from Swiss... Type: Article Category: Markets & Competition India: Birla merger to create competition for Holcim 03 February 2010 After merging Grasim and UltraTech with Aditya Birla, the Indian cement group plans to 'take on' Holcim. [$] (CW Group) [PAID={"id":"1,2,3,4,5","title":"The content you tried to access is only available to paid subscribers.","link":"1"}] Indian cement... Type: Article Category: Markets & Competition Indian cement may face smaller margins in 2010 02 February 2010 eventually control 51% of the market, up from 40% in 2009. IndiaÔÇÖs top four firmsÔÇöACC Ltd, Gujarat Ambuja Cements Ltd, UltraTech Cement Ltd and Samruddhi Cement LtdÔÇöwould see their share in the market fall to 30% by December, compared with 38% in... Type: Article Category: Financial Ultratech Q4 profits dip on poor demand for cement 17 January 2010 Company sales up, but poor appetite from Southern market and sluggish exports trim gains. (CW Group) UltraTech Cement's net profits for the last quarter of 2009 shrank due to the poor performance of its main southern Indian markets, a report from the... Type: Article Category: Financial Indian cement industry expects Q3 growth 12 January 2010 the least growth in revenue, only 2.5%; meanwhile ACC predicts a 3.4% growth in revenues, year-on-year. Revenues for UltraTech Cement are expected to rise 9.8% and Ambuja Cements revenues are predicted to increase 10.5%. ÔÇ£Industry players say the... Type: Article Category: Financial India: December shipments rise 04 January 2010 the previous year. Cement companies also saw an increase in shares, with a 5 per cent increase each for ACC (Rs 914), UltraTech Cement (Rs 965), and Jaiprakash Associates (Rs 154). JK Lakshmi Cement saw a 6 per cent increase (Rs 74), 3 per cent for... Type: Article Category: Volume & Pricing North, East India cement players to fair better in Q4 30 December 2009 infrastructure projects and price increases.ÔÇØ These regions, which include players like Grasim, Shree, and UltraTech, saw both higher prices and stronger sales during the quarter. According to The Hindu Business Line, ÔÇ£prices have been Rs 10-12/bag... Type: Article Category: Financial UltraTech-Samruddhi share swap creates India No 1 15 November 2009 The board of UltraTech Cement on Sunday approved the exchange of UltraTech and Samruddhi shares, allowing the merged units to form India's largest cement manufacturer. (CW Group) The two boards unanimously approved SamruddhiÔÇÖs merger with UltraTech... Type: Article Category: Mergers & Acquisitions Birla considering increased stake in Grasim 11 November 2009 Grasim cement operations to Samruddhi cement as part of a restructuring effort that will eventually merge Samruddhi with UltraTech. The restructuring will boost Grasim's shareholding in UltraTech to over 60%. According to the Economic Times, two sources... Type: Article Category: Mergers & Acquisitions Asia: Cement prices dip as demand declines 22 October 2009 content you tried to access is only available to paid subscribers.","link":"1"}] In West Asia and Sri Lanka, UltraTech and Ambuja Cements have noticed a decline in the export market. Ambuja Cements head of marketing and commercial services Ajay Kapur... Type: Article Category: Volume & Pricing Asia: Cement prices dip as demand declines 22 October 2009 content you tried to access is only available to paid subscribers.","link":"1"}] In West Asia and Sri Lanka, UltraTech and Ambuja Cements have noticed a decline in the export market. Ambuja Cements head of marketing and commercial services Ajay Kapur... Type: Article Category: Markets & trade Indian cement manufacturers slash production 18 October 2009 in the first quarter, ACC trimmed down cement output to 5.05 mt. Ambuja Cement decreased production by 13 per cent, while UltraTech and Grasim Industries dropped production from 9.43 mt to 8.42 mt, The Hindu Business Line reported. ÔÇ£Production was... Type: Article Category: Volume & Pricing Ultratech profits surge 53% 17 October 2009 India's Ultratech Cement announced on Friday that second fiscal quarter profits rocketed 53%. (CW Group) Profit after tax rose 53% to Rs.251 crore for the quarter ended September 30, while net sales grew by 10% to Rs.1,541 crore, Breaking News said.... Type: Article Category: Financial UltraTech board approves merger 07 October 2009 The Ultratech Cement board has announced its approval to merge with group firm Samruddhi Cement. (CW Group) UltraTech made the announcement after trading hours on Tuesday, October 6, 2009, India Infoline said. The merge is part of an effort to... Type: Article Category: Mergers & Acquisitions Bharathi commissions new unit 05 October 2009 largest competitors in India include Lafarge SA owned ACC Ltd, Holcim LtdÔÇÖs Indian division Ambuja Cements, and UltraTech a subsidiary of Aditya Birla Group. Some are concerned about a surplus in production in India. A report by CD Equisearch Pvt. Ltd... 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