Cement News tagged under: Indian subcontinent
New cement association formed for south India13 January 2021, Published under Cement NewsCement manufacturers in India have formed an association exclusively for southern India. The newly-formed South India Cement Manufacturers' Association (SICMA) is headed by N Srinivasan, vice-chairman and MD of India Cements, while Ravinder Reddy, director of Bharathi Cements, will be vice-president of the association. According to Mr Srinivasan, the formation of a south Indian body is required due to the size of the country and the efforts of various state governments to boost infrastruc... |
Star Cement ready to commission Bengal plant12 January 2021, Published under Cement NewsIndia’s Star Cement is expected to begin commercial production soon at its 2Mta grinding unit in Jalpaiguri, north Bengal. "The project is undergoing trials and can begin production anytime soon. This is our first greenfield cement project in West Bengal though we have plyboard manufacturing through Century Plyboards," said Sanjay Agarwal, MD. The company will source clinker from its integrated plant in Meghalaya, while fly ash will be procured from West Bengal or Bihar. "We will invite ... |
Udayapur Cement Industry looks to increase production12 January 2021, Published under Cement NewsNepal’s state-owned Udayapur Cement Industry has announced plans to increase production capacity to 800tpd from 350tpd, according to the New Business Age. General Manager, Gopi Krishna Neupane, who has been in charge since Tuesday, has stated that the company is preparing strategies to upgrade the 30-year-old factory with new technology and regulate coal and gypsum imports. The hopes are that the changes will return the company to profit. "Even if we produce 800tpd of cement from the st... |
Indian railways see 26% rise in cement freight11 January 2021, Published under Cement NewsThe volume of cement transported by Indian railways increased 26 per cent YoY in the September-December quarter to 35.5Mt, according to the Ministry of Railways. This also represented a 35 per cent growth compared to the 2QFY20-21. The rise in cement freight has been attributed to a seasonal improvement in construction activity across the country. However, freight costs rose six per cent YoY and three per cent QoQ, according to a report by JM Financial. |
Star Cement looks east for expansion04 January 2021, Published under Cement NewsStar Cement, which has a strong presence in northeastern India, is looking to the east of the country to expand its business. The company is currently expanding its capacity at Siliguri, West Bengal. The company is present in the east with 0.6Mta leased grinding capacity and the new grinding unit at Siliguri is expected to replace this supply, accelerating volume growth. Analysts forecast a utilisation rate of 60-65 per cent of the expanded capacities in FY22. Even if the new unit genera... |
BCMA expects market pick-up in 1Q2124 December 2020, Published under Cement NewsThe Bangladesh Cement Manufacturers Association (BCMA) expects cement demand to resume growth by the 1Q21. Between January-August 2020 the cement sector contracted by 7.7 per cent as the impact of the coronavirus was felt throughout the economy. “Our business suffered terribly in the first six months of 2020 and many fell into trouble,” said Md Alamgir Kabir, president of the Bangladesh Cement Manufacturers Association (BCMA). In the first five months of 2020, cement sales fell by 13 per... |
CCP finds evidence of cartelisation in Pakistan16 December 2020, Published under Cement NewsThe Competition Commission of Pakistan (CCP) has finalised an inquiry report that shows evidence of cartelisation by the cement sector, reports Dawn. The inquiry report was finalised for All Pakistan Cement Manufacturers Association (APCMA) members in the northern region of the country, as the Sindh High Court had restrained the CCP from using material collected from cement companies in the south zone (Sindh). Cement prices increased by up to INR50/bag in May, June and August 2020, accor... |
Sri Lanka sees production up 9% in 9M2014 December 2020, Published under Cement NewsSri Lanka has seen domestic cement production rise 28.7 per cent YoY to 375,000t in September. In August production was up by 17.4 per cent YoY to 392,000t. Overall, cement production increased 8.5 per cent to 2.82Mt in the first nine months of 2020, compared to 2.6Mt in the same period of last year. Meanwhile, cement imports declined 19.7 per cent in September to 300,000t from 374,000t in the year-ago period. Cumulative imports for the 9M20 fell 33.1 per cent YoY to 2.54Mt from 3.8Mt.... |
Pakistan's Ministry of Commerce proposes concessionary electricity rates11 December 2020, Published under Cement NewsPakistan’s cement sector has approached the country’s Ministry of Commerce to request that the cement sector be declared a partial export industry. The sector also proposed incentivising electricity rates to the extent of the energy consumed for production of exportable quantities of cement and clinker. The Ministry is of the view that the supply of electricity to the cement industry at concessionary rates will help reduce the cost of production, thus rendering the industry competitive in... |
CCP investigates offices of APCMA23 November 2020, Published under Cement NewsThe Competition Commission of Pakistan (CCP), as part of an enquiry launched in May 2020 to investigate the possible anti-competitive activities of cement manufacturers, carried out a search and inspection of the offices of the chairman and vice chairman of the All Pakistan Cement Manufacturers Association (APCMA) in Karachi last Thursday. Two different teams entered and searched the offices and impounded the relevant records. The enquiry into the cement sector was based on information ga... |