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Emami Cement sale is completed by Nuvoco Corp

Emami Ltd said on Tuesday that the group has completed sale of Emami Cement to Nuvoco Corp Ltd for an enterprise value of INR55bn (US$724.83m). “The deal was completed with the transfer of 100 pe...
News - 15 July 2020

Ambuja Cements reports 12% increase in net profit

India’s Ambuja Cements reported a 12 per cent YoY rise in consolidated net profit to INR5.54bn (US$73.73m) for the quarter ending 31 March, with sales volumes falling 10 per cent to 5.77Mt. The ...
News - 13 July 2020

Bureau of Indian Standards issues first licence for microfine OPC production

The Bureau of Indian Standards (BIS) has granted the country’s first licence for the manufacture of microfine ordinary Portland cement and ultrafine ground granulated blastfurnace slag (GGBS) to C...
News - 09 July 2020

UltraTech Cement's subsidiary to sell entire stake in Shandong Binani Rongan Cement

India’s UltraTech Cement has announced that its Krishna Holdings subsidiary will sell its entire stake in Shandong Binani Rongan Cement Co for a value of US$120m. "Krishna Holdings Pte Ltd, inco...
News - 08 July 2020

Cement exports from Bangladesh record a 12% fall in FY19-20

Bangladesh's cement industry has earned export revenue of US$9.14m in the FY19-20 (July 2019-June 2020), compared to US$10.41m bagged in 12MFY18-19, a significant contraction of 12.2 per cent YoY....
News - 08 July 2020

ACC Ltd's net sales rise 6%

ACC Ltd (LafargeHolcim) held its 84th AGM on 6 July via video conference and reporting its net sales in 2019 increased by six per cent to INR153.43bn (US$2.04bn) and its premium range of cement pr...
News - 08 July 2020

The impact of COVID-19 on global cement trade

Global cement and clinker trade will be seriously affected by the economic downturn caused by the coronavirus pandemic. There will be a global reduction in cement consumption. Seaborne cement trad...
Articles - 06 July 2020

JSW Group reportedly set to reduce imports from China

Parth Jindal, managing director of JSW Cement, has announced on social media that JSW Group plans to reduce its net imports from China. "The JSW Group have a net import of US$400m from China annu...
News - 02 July 2020

Andhra Cement January-March net sales down 85% YoY

India-based Andhra Cement has reported standalone net sales of INR109.5m (US$1.44m) in January-March 2020, down 85.4 per cent when compared with INR749.4m in January-March 2019. In the January-M...
News - 02 July 2020

BCIC and EDII to build cement plant in Bangladesh

Bangladesh Chemical Industries Corp and Saudi-based Engineering Dimension International Investment have agreed to build a cement plant under the name of Saudi Bangla Integrated Cement Co Ltd. Th...
News - 01 July 2020