Cement News tagged under: India
Tamil Nadu scales down cement supply scheme30 March 2018, Published under Cement NewsThe Tamil Nadu government has recently scaled down its procurement for the ‘Amma Cement Supply Scheme’ as a result of poor sales figures, according to The Hindu. The project was set up in 2014 to help low and middle income groups purchase cement at subsidised prices. However, the highest sales figures, recorded in August 2016, only achieved 53 per cent of the quantity procured. While Tamil Nadu Cement Corp Ltd (Tancem) initially purchased 200,000t of PPC per month to sell for INR190 (US$2... |
Leading cement producers: 2017 overview29 March 2018, Published under Cement NewsOn the whole, 2017 was a year of growth for the world's leading cement producers. HeidelbergCement saw its revenues advance by 13.8 per cent YoY, while China's Anhui Conch reported sales growth of 34.7 per cent. Dangote recorded an improvement in revenue of 31 per cent while Cemex, Buzzi Unicem, Vicat and CRH all saw more marginal expansions of between two and 5.1 per cent YoY (see Figure 1). The only major to report a fall in sales revenue was LafargeHolcim, dipping 2.9 per cent as its ceme... |
Katakiya Cements has closure order revoked28 March 2018, Published under Cement NewsIndia's Central Pollution Control Board (CPCB) has revoked its closure order on Kakatiya Cements' facility in Nalgonda, according to Money Control. In October 2017 the CPCB had issued closure directions to the plant following the non-connectivity of emissions monitoring equipment to the organisation’s server. Therefore, Kakatiya installed online SPM stack monitoring equipment and provided connectivity to CPCB servers last month. "The company is now in the process of obtaining the clea... |
Orient Cement plans to expand facility in Telangana27 March 2018, Published under Cement NewsIndia-based Orient Cement has announced plans to expand its facility in District Mancherial, Telangana. The project is worth an estimated INR21bn (US$323.74m) and involves adding capacity to its waste heat recovery (WHR) unit, increasing output potential to 75MW from 50MW. An application for environmental clearance has been submitted, and once fully approved, the project is expected to be completed within a 24-month period. |
Anjani Portland Cement plans to expand capacity23 March 2018, Published under Cement NewsIndia’s Anjani Portland Cement has approved plans to construct an additional clinker production unit at its plant in Suryapet, Telangana. The project will see an investment of INR4bn (US$61.49bn) to expand the facility’s capacity from 1.16Mta to 2.31Mta, according to India Infoline. The expansion is expected to be completed by December 2019, and will be funded through either internal accruals, inter-corporate deposits or bank loans. |
Cemex considering Brazil and India entry20 March 2018, Published under Cement NewsCemex CEO, Fernando González, said the company is considering entering two new emerging markets, Brazil and India, according to Construction LatinoAmericana. "We could make acquisitions if they meet the conditions we have set, but if we do not find an attractive option to buy, we will do something else," the executive said, referring to a possible repurchase of shares. During the Cemex Day 2018, the CEO said that the Board planned to ask shareholders in April to authorise the sale o... |
Vicat enters framework agreements with Andhra Pradesh and Karnataka20 March 2018, Published under Cement NewsDuring the state visit of French President Emmanuel Macron to India, the Vicat Group has entered into two framework agreements with the Indian states of Andhra Pradesh and Karnataka to support them with their economic development. The group has confirmed its long-term interest in the market by announcing plans to double capacity at its Kalburgi cement plant in Karnataka and the construction of a new grinding unit in Andhra Pradesh. “We have seen for ourselves over the past few yea... |
Imported petcoke prices rise to a multi-year high in March19 March 2018, Published under Cement NewsThe price of petcoke imported to India has risen to a multi-year high in March. This has been attributed to both increased demand and a supply shortage because of maintenance work undertaken by refiners, reports Mint. "Indian demand for petcoke is around 23-24Mta, while domestic supplies total up to around 14Mta. Suppliers are not in a rush to sell into the Indian market for there is some healthy demand from other regions like Latin America," said Deepak Kannan, managing editor of Asia The... |
Central Pollution Control Board issues notice to Parasakti Cement19 March 2018, Published under Cement NewsThe Central Pollution Control Board (CPCB) has served a ‘show-cause’ notice to Parasakti Cement for allegedly processing hazardous waste and operating without consent under the Hazardous Waste Management rules of the state, according to The Times of India. This follows a CPCB inspection of the Andhra Pradesh-based producer to verify compliance with emission norms. "The unit processes hazardous waste like battery scrap and waste grinding media scrap which have not been permitted by the Sta... |
JK Cement chairman says consolidation will help correct oversupply issue16 March 2018, Published under Cement NewsYadupati Singhania, chairman of JK Cement, has stated that consolidation will help correct the supply overhang in the cement industry, according to The Economic Times. "Consolidation in a way is good for the industry as it will take care of the excess supply," he said. "Today, there is at least 25 per cent excess supply as compared to the demand. This overhang is not good and it is the reason why you don't get the right price for your products." New capacity While consolidation may be g... |