Cement News tagged under: indian sub-continent
Humboldt Wedag India & KIMA Process Control form strategic alliance14 March 2024, Published under Cement NewsHumboldt Wedag India Pvt Ltd (HW India) has partnered KIMA Process Control in a strategic alliance. HW India becomes the exclusive sales and service partner for KIMA Process Control in India, further solidifying its commitment to delivering cutting-edge process control solutions for the cement sector. KIMA Process Control's advanced products will complement HW India's existing portfolio of equipment and services, strengthening its position as a one-stop solution provider for the cement in... |
Flying Cement Co posts a profit rise of 23% during 1HFY23-2413 March 2024, Published under Cement NewsFlying Cement Co Ltd has released detailed interim financial statements for the 1HFY23-24, which ended 31 December 2023. The company earned a net profit after tax of PKR170.95m (US$0.612m) when compared with PKR138.85m in the 1HFY22-23, up by 23.1 per cent YoY due to increased sales (PKR2.36bn) during this period. Yet, it incurred a higher borrowing cost of PKR112m and taxation of PKR74.38m in the accounting period. Outlook Ongoing challenges remain higher energy costs, transportati... |
Fecto Cement's performance in increases 2% in 1HFY2412 March 2024, Published under Cement NewsAccording to the recently-released Fecto Cement Ltd 1HFY23-24 report, clinker production increased by 2.4 per cent during the six months. It reached 342,673t, up from 334,597t in the same period last year. Cement production increased by 21.7 per cent to 384,229t, up from 315,836t in the 1HFY22-23. The company's total sales volume for the 1HFY23-24 increased by 22.8 per cent, reaching 382,188t as against 311,129t last year. The company's local sales volume for 1HFY23-24 increased by 27... |
Maple Leaf Cement Factory diversifies into hospitals12 March 2024, Published under Cement NewsMaple Leaf Cement Factory Ltd informed the Pakistan Stock Exchange (PSX) about its investment in the hospital business on 10 March. The bourse filing said that Novacare Hospitals (Pvt) Ltd, a wholly-owned subsidiary of the company, will start constructing a state-of-the-art hospital in Islamabad and has signed an international affiliation agreement with Imperial College Healthcare NHS Trust, a leading UK teaching hospital group. The total investment in the project will be US$110m, and the ... |
MPI successfully completes NAS Cement installation12 March 2024, Published under Cement NewsMPI recently completed two pivotal installations of Fives Pillard’s products at Najmat Al-Samawa (NAS) Cement, India, showcasing their efficiency and commitment to safety. These projects, spanning from 11-19 January 2024, involved intricate modifications crucial for enhancing operational efficiency at the cement plant. The first installation focussed on an electrical simplex heater, essential for maintaining optimal temperatures in critical processes. The process began with thorough ... |
A quarterly review of the Pakistan cement industry11 March 2024, Published under Cement NewsDue to many competing factors, Pakistan's cement industry will likely see lukewarm sales in 3QFY23-24 (January-March 2024). The holy month of Ramadan will begin on 11 or 12 March and may exhibit weak cement demand for about 30 days. According to AKD Research, industry sales in the current quarter (3QFY23-24) are expected to remain subdued owing to election activity, Ramadan, Eid festivities and inclement weather conditions. Meanwhile, for the full fiscal year, the analyst expects local sa... |
Dandot Cement Co re-fired its kiln in December11 March 2024, Published under Cement NewsAccording to the1HFY23-24 financial report of Dandot Cement Co Ltd r eleased recently, the company officially commenced operations by lighting up the kiln in December 2023 and is currently in the testing phase. Nevertheless, the net loss for the period is PKR124.81m (US$0.48m) (Dec 2022: PKR126.28m), as no production was reported during the period due to Balancing, Modernisation and Replacement (BMR) of the plant at Dandot RS in Jhelum district, Punjab province, Pakistan. Company’s plan... |
Bangladesh cement export momentum continued in 8MFY23-2411 March 2024, Published under Cement NewsBangladesh has recorded a 51.9 per cent YoY growth in cement export revenue to US$12.35m in the first eight months of FY23-24 (July-February 2024) from US$8.13m in the same corresponding 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 24.1 per cent YoY rise in cement exports also surpassed the target of US$9.95m for 8MFY23-24. Bangladesh had set a higher target export reven... |
Pakistan cement industry exhibits record quarterly profit in 2QFY23-2408 March 2024, Published under Cement NewsPakistan's listed cement sector reported record earnings of PKR22.4bn (US$58.18m), up eight per cent YoY in the 2QFY23-24. This earnings growth is primarily due to higher gross margins and other income. Major contributors to the profitability of the cement sector in the 2QFY23-24 were Lucky Cement (LUCK), followed by Bestway Cement (BWCL) and Fauji Cement (FCCL), according to Topline Pakistan Research, Analysts believe these achievements were made despite a fall in cement dispatches. ... |
UltraTech commissions solar panels at Awarpur plant08 March 2024, Published under Cement NewsUltraTech ’s Awarpur Cement Works , has installed a series of floating solar photovoltaic panels (FSPVs) in two water reservoirs of 3600m 2 area, located in the mines area within the unit premises. With a DC capacity of 4.096MWp (3.30MW AC), the solar project consists of around 7600 solar panels. The project has the potential to generate 6173MWh solar energy annually. This solar power plant will help to reduce ~6000Mt of CO 2 emission annually, which is equivalent to the sequestration ... |