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Sagar Cements reports 40% production increaseIndia’s Sagar Cements has reported that its consolidated production has increased by 40.1 per cent YoY to 273,216Mt for October 2018, compared to 195,066Mt in October 2017. Furthermore, the compa...News - 07 November 2018 |
RCCPL announces grinding plant expansionIndia's Birla Corp has announced that it plans to carry out the second phase of expansion at the grinding plant of its RCCPL subsidiary in Kundanganj, Uttar Pradesh. The project includes the inst...News - 06 November 2018 |
IBAU Hamburg launches largest automatic shipunloaderIBAU Hamburg has successfully commissioned the largest automatically unloading cement cargo ship, the Penna Suraksha, in Southeast Asia. The order will see Penna Cement of India equipped with a ...News - 06 November 2018 |
Penna Cement files for an IPO for expansion plansPenna Cement has filed for a INR15,500m (US$212.2m) initial public offering (IPO) with the markets regulator Sebi to raise funds for expansion and paying off debt. Penna Cement's CEO, Vikram Redd...News - 05 November 2018 |
Udaipur Cement reports sales increase in 3Q18India's Udaipur Cement Works has reported a contracting net loss in the 3Q18 at INR139m (US$1.903m), compared to a loss of INR234.9m in the year-ago period. Furthermore, sales increased 43.8 per ...News - 05 November 2018 |
Saurashtra Cement reports 17% sales increaseIndia's Saurashtra Cement has reported a net loss of INR37.2m (US$511,786) in the quarter ending 30 September 2018, falling from a net profit of INR100.7m in the year-ago period. However, the c...News - 02 November 2018 |
Jindal Steel and Power to enter cement marketJindal Steel and Power (JSP) plans to establish a 2Mta cement plant near its Angul steel plant in Odisha, India. The company has already purchased the land for the plant, which will be established...News - 31 October 2018 |
PT Semen IndonesiaIn the opening eight months of 2018, Semen Indonesia saw its export sales advance by 42.7 per cent YoY to 1.99Mt. According to the company, it is targeting export sales of 3.2Mt for the year as a ...Corporate - 30 October 2018 |
Aditya Birla Group announces US$5bn capex planIndia's Aditya Birla Group, parent of UltraTech Cement, has announced US$5bn capex plans over the next three years for its businesses both in the domestic market and abroad. "Our capex plans ove...News - 29 October 2018 |
Increased export revenue MoM and YoY for Pakistan producers in 3MFY19According to the Federal Bureau of Statistics, Pakistan's cement industry earned foreign exchange revenue of US$29.05m by exporting 671,913t of cement during September compared to US$27.57m on 617...News - 29 October 2018 |