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| Italcementi Group Acquires Full Control of Zuari Cement Limited Italcementi Group - through Ciments Français, its sub-holding for international activities - has entered into an agreement to acquire the shareholding of Zuari Industries Limited in Zuari Cement Limited, a 50-50 Indian joint venture, for approximately 100 million euro. The Italcementi Group acquired 50% of Zuari Cement in January 2001. In early 2002, Zuari Cement acquired Sri Vishnu Cement. In 2005, these companies reported revenues of approximately 100 million euro, gross operating profit of close to 12 million euro and operating profit of 4 million euro. write your comments about the article :: © 2006 Construction News :: home page |