Cement News tagged under: Indian sub-continent
Pakistan cement prices rise due to freight costs21 December 2023, Published under Cement NewsCement prices across Pakistan have risen over recent weeks, according to the Pakistan Bureau of Statistics. The lowest price for a 50kg bag now stands at PKR1265 (US$4.52) with the maximum price coming in at PKR1400. Prices in the north of the country have reported an almost two per cent uptick from an average of PKR1220 in late November/early December to PKR1271/bag. Reports by the Pakistan Observer suggest the price increases are being driven by higher freight rates. The Pakistan govern... |
Pakistani cement dispatches down 2% in November18 December 2023, Published under Cement NewsPakistani cement dispatches fell by 2.1 per cent to 3.924Mt in November 2023 from 4.009Mt in November 2022, according to the All Pakistan Cement Manufacturers Association (APCMA). Local cement dispatches dropped by 15.5 per cent YoY to 3.262Mt in November 2023 from 3.862Mt in the year-ago period. Northern mills dispatched 2.867Mt, down 12.2 per cent YoY in November 2023 when compared with November 2022, when 3.267Mt were dispatched. Southern mills saw dispatches fall by 22.9 per cent YoY... |
Bangladesh's foreign and local cement firms report mixed financial results in 1QFY2415 December 2023, Published under Cement NewsThe Bangladesh foreign and local cement firms listed at the Dhaka Stock Exchange (DSX) improved their earnings in the July-September quarter of FY23-24, overcoming challenges stemming from rising energy costs and the depreciation of the taka currency against the dollar during this accounting period. According to local media, the cement makers partially offset additional costs by boosting sales prices and taking advantage of the recent reduction in raw materials prices in the global market. ... |
Ramco Cements enhances Kolimigundla clinker capacity13 December 2023, Published under Cement NewsThe Ramco Cements Ltd (RCL) has increased clinker capacity at its Kolimigundla works in Andhra Pradesh, India, by debottlenecking its pyroprocessing system. The debottlenecking process has increased clinker capacity at cement plant by 0.65Mta to 3.15Mta, a company executive told local press. The Kolimigundla plant is now operating at full capacity. The official added that the expansion of the Odisha grinding unit from 0.9Mta to 1.8Mta is expected to be commissioned in January 202... |
Pakistan’s cement industry utilisation expected to hover at 57% in FY2411 December 2023, Published under Cement NewsPakistan’s cement dispatches (ie, local sales plus exports including clinker) over the 5MFY23-24 period (July-November 2023) indicate total dispatches of 47Mt for the full fiscal year. If all goes well, this will translate into a capacity utilisation level of approximately 57 per cent. According to local media, this rate is low compared to the previous fiscal and substantially lower than in previous years when utilisation reached maximum levels, pushing cement manufacturers to invest in cap... |
Bangladesh exceeds the cement export target in 5MFY23-2407 December 2023, Published under Cement NewsBangladesh has recorded 90.2 per cent YoY growth in cement export revenue to US$6.98m in the first five months of FY23-24 (July-November 2023) from US$3.67m in the same five months of the previous year, according to the Bangladesh Export Promotion Bureau (EPB). This figure includes minor amounts of salt, stone and related products. The 17.7 per cent YoY rise in cement exports also surpassed the target of US$5.93m for 5MFY23-24. Bangladesh had set a higher target export revenue of US$15m f... |
Adani Cement acquires Sanghi Industries in west coast expansion06 December 2023, Published under Cement NewsAdani Cement Ltd has secured a 54.51 per cent stake in Sanghi Industries and will look to harness operational synergies from this acquisition, according to the company. The primary objectives for the acquisition include boosting efficiency, minimising costs, and fostering a sustainable approach to cement production. Sanghi Industries’ expansive Sanghipuram integrated manufacturing plant spans 2700ha, making it India's largest single-location cement and clinker production facility. The... |
Decline in Pakistan cement dispatches blamed on axle load regime05 December 2023, Published under Cement NewsPakistan’s cement industry registered a contraction of 2.12 per cent in dispatches during November 2023, with total cement shipments coming in at 3.924Mt versus 4.009Mt in November 2022. According to a breakdown released by the All Pakistan Cement Manufacturers Association (APCMA), local cement dispatches during November stood at 3.262Mt compared to 3.862Mt in the same month a year earlier, marking a decline of 15.53 per cent. Exports, meanwhile, increased by 348.29 per cent from 147,757t in... |
UltraTech Cement to acquire Kesoram Industries Ltd's demerged cement business01 December 2023, Published under Cement NewsKesoram Industries Ltd has decided to demerge its cement business and has approached UltraTech Cement Ltd in relation to the same. The Board of Directors of UltraTech, after considering the recommendation and report of the Audit Committee and the Committee of Independent Directors, at its meeting held on 30 November 2023, considered Kesoram’s proposal and have approved a Composite Scheme of Arrangement to demerge Kesoram's cement business into Ultra Tech Cement. |
Burnpur Cement Ltd acquisition increases UltraTech Cement's capacity30 November 2023, Published under Cement NewsUltraTech Cement has acquired a 0.54Mta cement grinding assets of Burnpur Cement Ltd, located at Patratu in Jharkhand, India, at a consideration of INR169,790m. This investment marks the company’s entry in the state of Jharkhand. With this acquisition, UltraTech Cement's capacity in India now stands at 133Mta. |