UltraTech Cement Wants to Acquire Plant in Northeast India

2012-03-26 00:00:00

Bela Adi, which has become the world's seventh-largest cement company through mergers, is in talks to buy the Meghalaya plant of Adhunik MSP, a cement producer in India's northeast region, for 7 billion.

< P > < FONT face = Verdana > MUMBAI: Bela Adi Group, which has become the world's seventh-largest cement company through a merger, is in talks to buy the Meghalaya plant of Adhunik MSP, a cement producer in India's northeast region, for 7 billion.

< P > < FONT face = Verdana > UltraTechCement wants to buy a plant with a capacity of 1.5 million metric tons to bolster its position in the fast-growing emerging markets of the Northeast. A person familiar with the deal said: The acquisition has completed a survey of the limestone-rich Jaintia Hills and has now turned to some statutory no-objection certificate procedures, mainly on issues related to lease mining and environmental protection in the Northeast.

< BR > (This article only represents the author's personal views and has nothing to do with China Cement Net. Please indicate the source for reprinting.)

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UltraTech Cement Wants to Acquire Plant in Northeast India

Bela Adi, which has become the world's seventh-largest cement company through mergers, is in talks to buy the Meghalaya plant of Adhunik MSP, a cement producer in India's northeast region, for 7 billion.

2012-03-26 00:00:00

CEMPI

100.41

+0.83 +0.83%

CONCPI

86.65

-0.03 -0.03%

CLKPI

102.88

+1.32 +1.30%

SPPI

41.98

+0.35 +0.84%

MORPI

71.83

0.00 0.00%

East China cement price index rose 5.00 points in a single day, Fujian, Zhejiang and Shanghai cement prices collectively pushed up 20 yuan/ton.

In the short term, the high cost of raw materials and fuels is still the main support for the upward price, and the better weather is also conducive to the moderate recovery of demand; however, this round is mostly the second round of pushing up within a month, and the actual transaction of the last round of small factories in Jiangsu is only 10-20 yuan/ton, and the increase of cooling and rainfall in the latter half of the year and the recovery of demand are still limited, so the landing range is likely to be discounted.