Cement News tagged under: Ambuja Cements
Five killed in Ambuja Cements industrial accident, India04 February 2013, Published under Cement NewsAn industrial incident at Ambuja Cement’s plant in Balodabazar district, Chhattisgarh, has claimed the lives of five factory workers. Local press have reported that the fatalities occurred due to a fly-ash hopper situated on the fifth floor was allegedly overloaded during a maintenance operation and collapsed and crashing four floors below. Police have registered a case against the company management, while the State Labour Department has ordered closure of all plant operations till th... |
Holcim04 January 2013, Published under Cement NewsThe Holcim associate Siam City Cement is to re-commission the two kilns that have been idle since 2008. One of the kilns will be fired again in October 2013, boosting active capacity by 1.4Mta. The second kiln will be re-lit some time during 2014. With all six kilns in operation, Siam City will have a capacity of 12.5Mta of clinker and 14Mta of cement. Siam City Cement is also contemplating building an integrated cement works in Cambodia, where it currently has a 49 per cent market share. A... |
BoA-Merrill upgrades India's cement stocks to 'buy'14 December 2012, Published under Cement NewsBank of America-Merrill Lynch upgrades its rating across cement stocks to 'buy' from 'neutral' or 'underperform', saying capacity will lag demand, while valuations are below previous up cycles. The investment adds general elections in the next 18 months bode well for the Indian cement sector given the demand-GDP multiplier expanded in four out of the five previous election years. Among the major cement manufacturers, Bank of America upgraded UltraTech Cement and Ambuja Cements to 'buy'... |
Holcim Services (South Asia) signs fleet management deal, India13 December 2012, Published under Cement NewsHolcim Services (South Asia) Ltd, a unit of the Holcim Group, will deploy the Trimble® trako Fleet Management and Visual Cargo solutions in their outbound logistics fleet that transports cement to various destinations across India. The Trimble solution will provide Holcim better visibility into its transport logistics operations to help increase fleet productivity, improve operational efficiencies, enhance fleet and driver safety, and meet tight delivery timelines. As part of the implemen... |
Ambuja Cements wins water management awards, India12 December 2012, Published under Cement NewsIndia-based cement producer Ambuja Cements has scooped three awards at the 9th National Award for Excellence for its work in the drought-prone state of Rajasthan. Ambuja’s two plants in Rajasthan – Rabriyawas and Marwar Mundwa – both won awards for their respective water management efforts. Commenting on the company’s achievements, Ambuja’s CEO, Ajay Kapur, said: “This is a matter or immense pride for Ambuja to bag these awards, and thus setting fresh benchmarks in water management not ju... |
Ambuja Cements September sales and output climb, India04 October 2012, Published under Cement NewsIndian producer Ambuja Cements said sales rose 4.73 per cent to 1.55Mt in September from 1.48Mt in the same month a year ago, the company said in a statement. The company reported growth of 6.85 per cent in cement production at 1.56Mt, compared to 1.46Mt in September 2011. For the first nine months of this year, sales reached 16.37Mt, a 6.23 per cent increase compared to 15.41Mt in the same period of last year. Production, meanwhile, rose six per cent during the period to 16.38Mt from 15.4... |
Holcim’s Indian interests report August declines05 September 2012, Published under Cement NewsHolcim’s Indian group companies, ACC and Ambuja Cements, have reported marginal declines in cement production and dispatches for August 2012. ACC, India’s second largest cement producer, posted a decline of 6.9 per cent in cement production as well as cement dispatches to 1.75Mt last month, compared to 1.88Mt in August 2011. Total cement production between January-August 2012 saw growth of 2.4 per cent to 16.47Mt, against 16.09Mt in the same period of last year. Dispatches for the eigh... |
Cochin port attracts import investments, India13 August 2012, Published under Cement NewsCochin port is emerging as a major cement import hub with Malabar Cements expressing interest in setting up a 1Mta facility and Zuari Cements finalising a 30-year deal with the Cochin Port Trust (CPT) this week. Cochin Port is a major port on the Arabian Sea – Indian Ocean sea-route and is one of the largest ports in India. The port lies on two islands in the Lake of Kochi: Willingdon Island and Vallarpadam, towards the Fort Kochi river mouth opening onto the Arabian Sea. The Hindu newsp... |
Holcim: July '1203 August 2012, Published under Cement NewsThe Holcim associate Huaxin Cement has announced that it expects profits to fall by at least 50 per cent in the year 2012, largely because of the reduction seen in cement prices. The Holcim associate Siam City Cement has increased its estimate for growth in its cement consumption this year to six per cent as a result of the new government flood protection measures on top of the already good economic growth. The company's 1H growth should be between 6-8 per cent. Holcim (Azerbaycan), t... |
JP Morgan remains underweight on Ambuja Cements30 July 2012, Published under Cement NewsJP Morgan remain Underweight on India's Ambuja Cements. Key risks to the price target as per JP Morgan is a sharp recovery in cement demand to help drive higher than expected volume growth (and therefore utilisation levels) and reduction in coal costs leading to decline in operating cost per tonne. "Demand has not been particularly strong in the last two months, but cement prices have moved up across most markets in June and July. Lack of rains in the monsoon is positive for cement dema... |