Cement News tagged under: Energy fuel & power
India to auction 10 coal blocks05 June 2015, Published under Cement NewsThe government of India said Thursday it will auction 10 coal blocks with extractable reserves of 356Mt to cement and steel companies. The auction process will begin on 8 June with the government notifying the blocks for different sectors. Bid documents for the blocks will be on sale from that day. The government will invite technical and financial bids for the mines and the last date for submission of the documents will be 21 July. The auction will take place between 11-17 August 2015.... |
Pakistan: hopes of FY15-16 budget boost03 June 2015, Published under Cement NewsThe Pakistan cement industry has submitted a number of proposals to the government ahead of Budget FY15-16. The All Pakistan Cement Manufacturers’ Association has proposed a review of the Federal Excise Duty (FED), Sales Tax, import duty on coal, duties on waste and scrap tyres, duties on Iranian cement and an increase in the allocation of funds under the government's Public Sector Development Programme (PSDP). The industry body argues that the rationalisation of taxes should help ce... |
Arabian Cement Co 1Q revenue rises 11% YoY03 June 2015, Published under Cement NewsArabian Cement Company (ACC) said first-quarter revenue increased by 11 per cent to EGP585m (US$76.6m) compared to EGP529m a year earlier. The advance was mainly attributed to a 13 per cent increase in volumes as prices slip over the period. However, net profit dropped 52 per cent YoY to EGP56m, while the net profit margin was down 12 points to 10 per cent, the company in a statement. ACC said the EBITDA stood at EGP184m,19 per cent below than EGP227m in the corresponding period of last... |
Fauji Cement inaugurates WHR project, Pakistan19 May 2015, Published under Cement NewsFauji Cement Company Ltd (FCCL) has inaugurated a 12MW waste heat power project at its factory in Jhang Bahater, Attock district of Pakistan. Sinoma Energy Conservation of China commissioned the project at an estimated cost of PKR 1.7bn (US$16.7m) in 14 months. The WHR unit was completed in April 2015 and has been on trial generation. The company reports that its benefits will start accruing in the final quarter of FY14-15. Present at the official launch ceremony last week were Kha... |
MagneGas® fuel order placed for Florida cement works, USA11 May 2015, Published under Cement NewsMagneGas Corporation announced today that a major cement company in the US has approved MagneGas® fuel to replace acetylene and has placed its first order for a location in Florida. The undisclosed cement company has locations throughout the Southeastern US, the Caribbean, and South America with over 300 ready-mix plants and 2000 mixers, MagneGas Corporation said in a statement. The cement producer has been been testing MagneGas® for use in plant repairs and placed its first order for a l... |
Raysut sees sharp fall in operating profit06 May 2015, Published under Cement NewsOman-based Raysut Cement Co said operating profit fell sharply by 26.7 per cent in the first quarter of 2015 due to a doubling of the price of natural gas supplied by the government and rising transportation costs. Group operating profit fell to OMR6.02m from OMR8.23m in the same period of 2014. "This is mainly due to the increase in natural gas price by the government to US$3 per MMBtu from US$1.5 per MMBtu effective 1 January 2015 and increase in other costs," Raysut Cement said in its d... |
UltraTech full-year net profit down 6% YoY27 April 2015, Published under Cement NewsIndia’s largest cement manufacturer UltraTech Cement reported a six per cent drop in its net profit for the year ended 31 March 2015 to INR20.15bn versus INR21.44bn in the previous year. Net sales were 13 per cent at INR22,656 crore against INR20,078 crore in the previous year. The Aditya Birla group firm noted that although there was some relief from softening coal prices, the cost of limestone and other input materials continued to remain high, putting pressure on margins. “The company... |
TPCC to have own gas plant, Tanzania23 April 2015, Published under Cement NewsTanzania Portland Cement Company Limited (TPCC) plans to have gas plant are expected to be realised this year to reduce operational costs and overcome issues with erratic power supply. The TPCC Managing Director, Mr Alphonso Rodriguez, told local press during the 23rd Annual General Meeting (AGM) that arrangements were underway with a third party to build a gas plant at TPCC. Once completed, he said the company will be assured of reliable supply of power to meet its operational demands. TP... |
Shanks secures six-year contract extension with HeidelbergCement17 April 2015, Published under Cement NewsIndustry waste-to-product business, Shanks Group plc, has secured a six-year contract extension with HeidelbergCement Group for the supply of ICOPOWER® energy pellets. Under the contract, Icopower, part of Shanks’ Solid Waste Division will supply HeidelbergCement Group with an increased volume of 54,000tpaof its ICOPOWER® energy pellets. Shanks has developed a tailored production process to make the pellets using a unique combination of sorting, drying and pelletising technology. The fuel ... |
K-Electric to supply 40MW of electricity to new DG Khan cement plant, Pakistan16 April 2015, Published under Cement NewsK-Electric (KE) and DG Cement Ltd have signed an agreement through which the power utility will provide 40MW of electricity to the cement producer's upcoming plant in Hub, Balochistan, Pakistan . The agreement was signed at the KE House in the presence of KE and DG Khan management. According to KE’s press statement, electricity will be provided from its Hub grid station and DG Cement Ltd is to construct a Line Bay and a 12km long 132kV transmission line. The new cement plant will have a c... |