Cement News tagged under: HeidelbergCement India
HeidelbergCement India reports quarterly loss17 October 2013, Published under Cement NewsHeidelbergCement India has reported a loss for the third quarter of 2013 due to higher finance costs and depreciation expenses. During the July-September period of 2013 the company reported a INR28.35 crore loss having registered a INR7.5 crore net profit in the same quarter of the last fiscal, it said in a filing to the Bombay Stock Exchange. Total expenses rose to INR314.43 crore during the quarter from INR242.87 crore a year earlier mainly because of higher finance costs and deprecia... |
India: rejuvenating a cement brand under HeidelbergCement01 October 2013, Published under Cement NewsHaving advised HeidelbergCement AG in its acquisition of the SK Birla-owned Mysore Cement, Ashish Guha, CEO of HeidelbergCement India (HIL), has steadily been rebuilding HeidelbergCement India. It was seven years ago when Daniel Fritz, who headed the multinational’s Asia Pacific market, asked Guha if he would be willing to take up the position of CEO and managing director of HIL. Apart from Mysore Cement, the new entity would include Indorama Cement, which HeidelbergCement had bought earl... |
HeidelbergCement looks to increase Indian capacity19 September 2013, Published under Cement NewsHeidelbergCement India is looking to raise its capacity in India over the next few years to 15Mta including acquisitions. Speaking to the Financial Express, CEO of the India-based cement producer said: “We have plans to raise capacity to 15Mta in the next three-four years from the current level of 5.4Mta. We will be pursuing both organic and inorganic acquisitions. According to local press speculation, the company is in talks with potential sellers in central India where it already has... |