Cement News tagged under: India
Shree Cement records 21% revenue increase23 January 2019, Published under Cement NewsIndia's Shree Cement has announced that its net profit fell 10 per cent YoY in the third quarter of FY18-19 ended 31 December, declining to INR3.01bn (US$42.28m) from INR3.33bn of the year-ago period. However, the company’s revenue advanced 21 per cent to INR27.81bn compared with INR23.02bn of the 3QFY17-18. EBITDA grew 25 per cent YoY to INR7.1bn from INR5.7bn, while the operating margin saw a slight increase to 25.6 per cent from 24.7 per cent of the same quarter last year. Shree Cement... |
Pakistan cement exported 0.625Mt of cement in December 201823 January 2019, Published under Cement NewsPakistan's cement industry received foreign exchange revenue of US$25.89m by exporting 624,714t of cement during the month of December 2018, compared to US$26.77m at 635,192t in the previous month. This shows a fall of 3.3 per cent and 1.7 per cent in terms of value and quantity, respectively, according to the Federal Bureau of Statistics. However, if compared to December 2017 (293,890t at US$14.54m), it translates to an increase of 78 per cent in foreign currency earnings and 112.6 per ce... |
Work on West Pokot facility set to begin18 January 2019, Published under Cement NewsCemtech Ltd, a subsidiary of India’s Sanghi Group, has moved construction machinery to begin work on its proposed facility in West Pokot, Kenya, by the end of this month. "We start construction in January now that we have been granted all the required 65 licences and consents," said Rajesh Rawal, Cemtech CEO. "We are deploying a plant that will make cement at the least possible cost and allows us to price our product competitively." The receipt of the approvals means that phase one of the... |
Burnpur Cement reports 61% revenue increase18 January 2019, Published under Cement NewsIndia’s Burnpur Cement has reported a standalone net loss of INR38.6m (US$542,446) during the third quarter of FY18-19 ended 31 December, widening from INR33.4m a year earlier. However, net revenue rose 60.8 per cent YoY to INR235.5m compared with INR146.5m of the 3QFY17-18. Operating profit fell 1.9 per cent to INR10.2m in the quarter, with the operating profit margin contracting 38.8 per cent YoY. Meanwhile, operating expenses surged by 65.4 per cent in the third quarter to INR225.3m fr... |
JK Lakshmi to upgrade logistics15 January 2019, Published under Cement NewsIndia’s JK Lakshmi Cement has contracted FarEye, a digital logistics company, to maintain its distribution network and increase predictive visibility. "On our wide distribution network handling volumes around 800,000tpm, pilferage and back/forward loading are some of the key operational challenges that we face. We believe that gaining better visibility into our vast network of multiple plants and about 10,000 destinations will help us control pilferage, optimise capacity and eventually hel... |
Indian cement industry commits to a low-carbon future14 January 2019, Published under Cement NewsA summit for the Indian cement industry, “Concreatech 2018 – Sustain to Gain”, was held at the ITC Maurya, New Delhi, on 29 November 2018. Organised by the Cement Manufacturers’ Association (CMA), industry leaders and over 400 delegates met to discuss the cement sector’s role in national development and commitment to low-carbon industrial development. Shri Hardeep Singh Puri, Minister of State of Housing and Urban Affairs, delivers the conference’s keynote address The Indian cem... |
Indian cement consumption to rise by 7-8 per cent in FY19-2010 January 2019, Published under Cement NewsRating agency ICRA forecasts that domestic cement demand in India will grow seven per cent YoY in FY19 and by around eight per cent in FY20, driven mainly by rural and affordable housing projects as well as larger infrastructure projects for roads, irrigation and metro development. The agency estimates a cement supply rise of approximately 15-18Mta in FY19-20. "The domestic cement capacity utilisation is expected to remain moderate at around 70 per cent in FY20 despite an estimated demand... |
JSW Cement turns water provider10 January 2019, Published under Cement NewsJSW Cement will provide piped and solar-powered water to 11 villages near to its planned grinding plant in Jajpur district, India. As part of the company's US$13bn 'Enterprise and Social Commitment' programme the villages will be provided with water through a 7500m pipeline later this year. JSW Cement is currently building a 1.2Mta grinding plant in Jajpur district and plans to raise it to 2.4Mta in the future. |
Star Cement announces plant expansion08 January 2019, Published under Cement NewsIndia’s Star Cement has announced a brownfield expansion at its grinding unit in Jalpaiguri district, West Bengal. Already the largest manufacturer in the northeast of the country, this project will expand the plant’s capacity from 1.6Mta to 2Mta. Once the company receives environmental clearance, work on the INR4.43bn (US$63.26m) plans is expected to begin by June 2019. |
NCL Industries reports 13% growth in output in 3QFY18-1907 January 2019, Published under Cement NewsIndia-based NCL Industries has reported a 13 per cent YoY increase in cement production to 552,000t in the third quarter of FY18-19, up from 490,000t in the year-ago period. Cement deliveries advanced by 18 per cent to 555,000t in the 3QFY18-19 from 471,000t in the 3QFY17-18, according to Accord Fintech. In addition, the company’s cement boards production and dispatches increased by three and four per cent, respectively to 17,631t and 16,713t, respectively during the 3QFY18-19. |