Cement News tagged under: India

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Infrastructure projects lead to shift in Indian cement demand

15 April 2019, Published under Cement News

The Indian government’s infrastructure drive is leading to a shift in demand for cement. The last few years have seen cement demand for the infrastructure sector advance by five per cent with the share of the housing sector in total cement consumption falling, according to the Business Standard. Infrastructure now accounts for 20 per cent of cement demand, according to HM Bangur, managing director at Shree Cement. “State and central government road projects and other infrastructure like po...

GCCA welcomes new member companies

09 April 2019, Published under Cement News

The Global Cement and Concrete Association (GCCA) has added cement companies from India, China, Peru and Mexico to its growing global membership base which now totals 36 member companies and 15 affiliates. The new members are Corporacion Moctezuma (Mexico), Unión Andina de Cementos SAA (Peru), JSW Cement (India) and West China Cement (China). Benjamin Sporton, chief executive officer of GCCA said: "The continuing and rapid growth of the Association’s membership is very encouraging. With a ...

Ambuja Cement launches 'Ambuja Plus Cool Walls'

02 April 2019, Published under Cement News

Ambuja Cements Ltd (LafargeHolcim group) has launched 'Ambuja Plus Cool Walls' for Individual Home Builders (IHB) in Thane district, India. The product ensures maintenance of a 5°C temperature difference indoors, no matter how hot or cold the external temperature is. Developed by Ambuja’s in-house team, the product embeds 'Heat Barrier' technology to keep indoors warm during the winter and cool during the summer. Deepak Mehra, chief marketing officer of Ambuja Cement, said: "Since our ince...

UltraTech

01 April 2019, Published under Cement News

UltraTech Cement met with the Indian state government earlier this month to discuss spiralling cement prices in the southern state of Andhra Pradesh. Some cement companies have increased prices by INR40-60 (US$0.58-0.87)/50kg bag on the back of rising demand. Andhra Pradesh is seeing huge infrastructure construction activity, along with the building of a new capital city in Amaravati, near Vijayawada. Cement consumption in Andhra Pradesh and the neighbouring state of Telangana hit a combi...

The new Asian paradigm

01 April 2019, Published under Cement News

This week CemNet news reported on the latest developments in LafargeHolcim's (LH) sale of Holcim Philippines Inc. Shares in the company have risen 50 per cent since January 2019, giving the cement maker a US$1.3bn market value, according to Bloomberg data. A decade ago, every cement major wanted to grab a piece of the Emerging Market pie. What happened? Holcim Philippines operates five plants with 9.6Mta capacity, following the recent grinding mill expansion at its La Union plant in North L...

Penna Cement enters freight LTTC with South Central Railway

01 April 2019, Published under Cement News

India-based Penna Cement Industries signed a long-term tariff contract (LTTC) with South Central Railway (SCR) to transport freight at a fixed rate. The five-year scheme will provide long-term stability and certainty in freight tariff rates to Penna Cement. According to the terms of the LTTC, freight rates will remain fixed for one year and if the customer exceeds the previous year’s freight contribution, it will unlock discounts. "It is a growth-linked incentive wherein, higher the freigh...

India sees rise in volumes for FY18-19

29 March 2019, Published under Cement News

India's cement industry saw a 13.6 per cent YoY increase in volume to 275.7Mt in the first 10-months of FY18-19, driven largely by rural and affordable housing, according to a report by ICRA. The growth was almost double the seven per cent forecast, however ICRA has stated that the increase is unlikely to translate into profit growth or improved margins due to the lack of any significant price increase and cost pressures placed on producers. At the pan-India level, prices in most markets w...

ACC Ltd's cement sales rise to 28.37Mt in 2018

28 March 2019, Published under Cement News

At ACC Ltd's (LafargeHolcim group) 83rd Annual General Meeting, Neeraj Akhoury, managing director and CEO, said the company's cement sales had increased eight per cent to 28.37Mt in 2018. Mr Akhoury added that despite facing multiple rising costs of coal, fuel, petcoke and diesel the company registered robust revenue and volume growth across all four quarters of 2018. Cement sales rose by over 2Mt on 2017 and the premium product range grew by 36 per cent. ACC Ltd's consolidated EBITDA gr...

Exports of cement from Pakistan continue to swell in 8MFY19

19 March 2019, Published under Cement News

Pakistan Bureau of Statistics (PBS) data shows that the country's cement export value and volume rose during first eight months of the current FY18-19, despite dwindling exports of cement to Afghanistan and India.   Pakistan's cement industry received foreign exchange revenues of US$205.86m by exporting 4.83Mt of cement/clinker during the eight months of July 2018-February 2019, compared to US$149.71m at 2.98Mt in the same period last year, according to the PBS. This translates a YoY growth ...

Leading from the front

18 March 2019, Published under Cement News

Following last year’s IPCC report on climate change, there has never been a greater urgency to reduce greenhouse gas emissions across all sectors and geographies to limit global warming to 1.5˚C. Therefore, the built environment will need to fast-track to zero carbon. In India, the world’s second-biggest cement producer, three of the country’s major players – Dalmia Cement, Ambuja Cement and UltraTech Cement – are leading from the front. By Jennifer Gerholdt, We Mean Business. Improvi...