Cement News tagged under: India
Pakistan sees decline in 1HFY17 cement exports to South Africa and Afghanistan03 April 2017, Published under Cement NewsPakistan cement exports revenue continued their downward trend, with most of the 14.4 per cent YoY decline in 1HFY17 (July-December) due to two markets, South Africa and Afghanistan. However, a slight consolation was continued strong demand from India which partially offset the declines witnessed in the two aforementioned markets, the country's Central Bank observed in its second quarterly report released on 31 March 2017. Cement exports to Afghanistan and African countries (mainly Sout... |
India: Udaipur Cement Works starts commercial production03 April 2017, Published under Cement NewsUdaipur Cement Works has completed its rehabilitation programme at its Udaipur cement works and started commercial production at the integrated works on 31 March 2017. The plant has commenced clinker and cement dispatches since. |
India: ACC Cement announces capex plan of INR6bn for 201730 March 2017, Published under Cement NewsACC Cement have announced a capital expenditure plan of INR6bn (US$92.4m) for the coming financial year, CEO and Managing Director, Neeraj Akhoury, said at the company's annual general meeting. Mr Akhoury said the outlay will be used for various projects. The company reported a profit of INR6.04bn for the year ending 31 December 2016, up from INR5.87bn in 2015 and registering a growth in profit of 2.9 per cent. Revenue stood at INR11.27bn, down by 5.39 per cent since last year at INR11.91... |
India: Emami commissions 2Mta grinding plant in West Bengal24 March 2017, Published under Cement NewsEmami has commissioned its 2Mta cement grinding unit at the Panagarh Industrial Park in the Burdwan district of West Bengal, India. The INR7bn (US$107m) works has been developed on a 65-acre site and is part of the INR3.5bn, 5.5Mta cement production complex. The company operates a clinker plant and a grinding unit at Risda in Balodabazar district, Chhattisgarh with a further 1.8Mta grinding facility planned in Odisha. The Panagarh unit will produce the complete range of OPC (Ordinary ... |
Northern Indian producers implement second March price hike22 March 2017, Published under Cement NewsCement price rises at the end of the financial year are generally avoided in India as they slow down sales, but this year cement producers in the north are breaking with “tradition”. They have decided to raise cement prices for a second time in March. Northern producers are raising cement prices by INR10 (US$0.15), taking the price of a 50kg bag to INR300-330. This follows a INR10-15 price increase at the start of the month. The second advance is the result of rising input costs. In t... |
REDECAM and ISGEC joint venture starts operations21 March 2017, Published under Cement NewsREDECAM Group SpA and and ISGEC Heavy Engineering Ltd on Friday announced the establishment of a joint venture in the field of air pollution control. Headquartered in Noida, India, the new venture is called ISGEC REDECAM Enviro Solutions Pvt Ltd and is geared towards both partners being a complete provider for flue gas treatment systems for the cement, power and metals industry. Speaking of the collaboration, Barry Downing, CEO of REDECAM Group, commented: "In the effort to reduc... |
India: Government to sell non-operational CCI units17 March 2017, Published under Cement NewsThe government of India has announced that it plans to sell off five non-operational units of the Cement Corporation of India (CCI) as the first step towards complete divestment of the company, the Times of India reports. "As far as CCI is concerned, non-operating units of CCI are to be disinvested first as a part of strategic disinvestment of CCI," Minister of State for Heavy Industries and Public Enterprises, Babul Supriyo, said. The initial sell-off will involve facilities at Mandha... |
LafargeHolcim02 March 2017, Published under Cement NewsThe Indian subsidiary ACC Ltd reported a 2.7 per cent reduction in cement deliveries for 2016 to 22.99Mt, while in the fourth quarter the reduction was 9.1 per cent to 5.45m, slightly less than the 9.6 per cent to 5.07Mt seen in the third quarter. Ready-mixed concrete deliveries, however, rose by 10.7 per cent to 2.59Mt. Volumes are expected to show increases during 2017. The turnover declined by 4.3 per cent to INR109.46bn (EUR1.56bn/US$1.64bn) while EBITDA came off by 7.5 per cent to ... |
India: Prism Cement receives part-fuel requirement for 5 years01 March 2017, Published under Cement NewsPrism Cement Ltd has successfully bid for 18,300tpa of coal from South Eastern Coalfields Ltd, a subsidiary of Coal India Ltd, in a recently-held auction of coal linkages for the cement industry, according to a filing to the Bombay Stock Exchange. With the bid, the cement producer has secured part of its fuel requirement for the next five years. The allocation was made at a nominal premium over the floor price. |
After the monsoons01 March 2017, Published under Cement NewsWhile the demonetisation of the Indian economy has seen cement sales significantly drop, the country’s cement producers are waiting for the positive medium-term effects of good monsoons to kickstart an acceleration in demand growth. Ambuja Cement saw a 6.6 per cent YoY drop in Jul-Sep sales in 2016 Uncertainty has once again eclipsed the growth of India’s 420Mta cement sector. Good monsoon rains with uniform spread across India in the July-September period have taken a toll on c... |