Shree Cement acquires majority of stake in UAE’s Union Cement for $305 million

By Accommodation Times Bureau MUMBAI Shree Cement’s board approved the acquisition of majority stake in Union Cement Company a UAE-based company for $305.24 million on Thursday, the company said. "Our board has approved the acquisition of a minimum of 92.83 percent of beneficial shareholding in Union Cement for an enterprise value of USD

Builders’ Association of India seeks regulator for cement industry

By Accommodation Times Bureau HYDERABAD To secure smooth growth of construction sector the Builders’ Association of India (BAI) today emphasised the need for setting up a Cement Regulator. BAI said in a statement issued here that, in the construction sector the subcontractors are still levied GST of 18 percent which has to be reduced

Cement sector may see higher demand growth in next 3-5 years: ACC

By Accommodation Times News Service Notwithstanding the challenging competitive environment, ACC achieved overall cement capacity utilization of 77 per cent Despite the domestic cement industry facing challenging times due to muted demand, excess capacity and declining prices, it may see higher demand growth over the next 3-5 years, segment major ACC has