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ACC shows 45% increase in profit for the 3Q19India’s ACC (LafargeHolcim) saw its consolidated net profit rise 44.7 per cent YoY to INR3.03bn (US$42.25m) in the 3Q19, on the back of a three per cent climb in net sales to INR34.64bn. Operatin...News - 16 October 2019 |
Blackstone enters race for Emami CementBlackstone Group Inc (KKR & Co) are reported to be contemplating a bid for Indian conglomerate Emami Group and Emami Cement Ltd. Bloomberg reports that TPG Capital is also considering a bid for E...News - 16 October 2019 |
Iran’s Qeshm works exports 2500t of cement to SomaliaA consignment of 2500t of cement was exported by Qesh cement plant, Hormozgan, Iran, to Somalia, according to Hormuz Amiri, head of development and trade at Qeshm Free Trade Zone. This is the fi...News - 16 October 2019 |
Ocean plastic: an opportunity in the circular economy?Initiatives are under way to address the global issue of plastics litter in the oceans. Norway’s SINTEF highlights the use of co-processing in the Ocean Plastic Turned into an Opportunity in Circu...Articles - 15 October 2019 |
GuarantCo files a petition for insolvency against Calcom CementMauritius-based GuarantCo has filed a petition for insolvency against Calcom Cement India (Dalmia Cement (Bharat)), regarding an alleged non-payment of around INR1bn (US$14m). GuarantCo, a fina...News - 15 October 2019 |
India's fuel shift to plastic waste is comingIndia is making a concerted effort to divert more inorganic waste to the cement manufacturing industry as a fuel. Last week, CemNet reported that the Cement Manufacturers Association (CMA) had exp...News - 11 October 2019 |
India's average cement prices rise in SeptemberAll-India average cement prices increased around 3.2 per cent YoY to INR305-310/50kg bag (US$4.29-4.36/50kg bag) in September 2019. In particular, the improvement was led by a recovery in southern...News - 09 October 2019 |
NCL Industries sees 24% decline in productionIndia’s NCL Industries has reported a 24 per cent decline in cement production to 371,000t in the 2QFY19-20, falling from 488,000t in the year-ago period. Cement dispatches also decreased by 25 pe...News - 09 October 2019 |
Pakistan's exports to India fall 41% in FY19Pakistan’s cement exports to India fell 41 per cent to 0.716Mt in the FY19 ended 30 June, with no exports to the country taking place between March-September. The decline is the result of a 200 pe...News - 08 October 2019 |
Cement export from Bangladesh shrinksAccording to Bangladesh Export Promotion Bureau (EPB), Bangladesh's cement industry has earned US$2.37m during July-September 2019 (1QFY19-20) compared to US$3.17m earned in same period last year....News - 08 October 2019 |