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India’s UltraTech breaks ground on Cuttack expansion

Ultra Tech Cement Plant Grinding Unit at Cuttack Odisha

As part of their large cement capacity expansion program, UltraTech Cement celebrated groundbreaking of the second Cuttack grinding unit (photo) in Bhubaneswa, Odisha in India. The Cuttack GU expansion requires an investment of Rs 372 Crore (about US$ 42.2m) and…

Yura sells its stake in Chile’s CBB for US$100m

Yura Chile

Yura Spa, a subsidiary of Grupo Gloria, has sold its 19.71% stake in Chile’s cement producer Cementos Bio Bio (CBB) to Belgium’s Carmeuse Holding for more than US$100 million. The deal follows Carmeuse’s successful takeover bid and aligns with the…

India’s Birla plans Rs 4,335 Cr cement expansion

BirlaCorporation Satna plant

Birla Corporation Ltd, the flagship company of India’s M P Birla Group, announced plans to strengthen its core cement business with a proposed capital expenditure of Rs 4,335 crore. The company operates four cement plants in Satna (photo), Chanderia, Durgapur…