Cement News tagged under: India
Pakistan: Exports fall 24% in first nine months of 2015/1626 April 2016, Published under Cement NewsPakistan’s cement exports fell during 9MFY2016 on a YoY basis dropping by 24.4 per cent in volume terms and 28.9 per cent in US dollar values. Figures released by the Pakistan Bureau of Statistics (PBS) show that the country exported 4.6Mt of cement, earning revenue of US$248m during July-Mar 2016. This was down from the 6.0Mt exported in the corresponding period a year earlier. Average prices also fell, dropping 6.1 per cent to US$54.48/t. The All Pakistan Cement Manufacturers' Associ... |
UltraTech profits rise 10% in 1Q16, operational costs cut26 April 2016, Published under Cement NewsUltraTech Cement, India reported a 10 per cent YoY rise in consolidated profit after tax for the quarter ended March. The company reported a consolidated net profit of INR7230m (US$108.52m) against 6750m (US$98.63m) in the same period last year, due to a strong operational performance. Net sales in the same period rose 5 per cent to INR68.5bn, from INR65.17bn a year earlier. Total cement demand for the quarter, the company said, grew by 15 per cent. "The operating costs reduced with oper... |
Morgan Stanley: cement consumption to grow 4% YoY to 202025 April 2016, Published under Cement NewsNew research from Morgan Stanley predicts that worldwide cement demand excluding China has turned a corner and will grow at an annualised rate of four per cent between 2016 and 2020. The investment firm is particularly bullish about India, South Asia and sub-Saharan Africa, all of which it forecasts will see consumption grow by more than five per cent per year over the period (with Indian demand set to expand at 6.7 per cent). However, consumption in China is predicted to fall by 1.2 per ... |
India: Jaypee reduces northern cement supply22 April 2016, Published under Cement NewsDebt-laden Jaiprakash Associates Ltd has withdrawn itself from some of its cement markets in north India as part of streamlining its operations even as lenders continue to prod the firm to shed assets and pare debt, reports Mint. The company has drastically cut its cement supply to markets in the north, said two Delhi-based cement dealers. A spokesperson for the parent Jaypee Group confirmed that the company has chosen to withdraw from certain markets of Haryana and Delhi. "The com... |
India: Piramal invests US$38m in Gujarat cement company22 April 2016, Published under Cement NewsPiramal enterprises has invested US$38.4m in Sanghi Industries, a Kutch-based cement company with 4.1Mta capacity and plans to add a further 4Mta. Earlier in the month, Sanghi exited its corporate debt restructuring mechanism, having repaid US$40m. The firm’s capital expansion plans require a total of around US$165m. According to reports in the Hindu, the capacity addition will cost less than US$50/t. The expansion will take place at one of Sanghi's existing sites. The company has huge... |
Mobile cement app launched by OCL India22 April 2016, Published under Cement NewsDealers of OCL India Limited, the makers of Konark Cement, can now place cement orders through mobile phones. The Suvidha app has been launched as an android app in Bhubaneswar. Using Suvidha dealers will also be able to place track delivery status online, delays if any, billing details and other commercial activities. Developed exclusively for the dealers of Konark and Dalmia Cement, the app is launched with four dealers - M/s Sonu Commercial, M/s Sanjay Kumar Bijay Kumar, M/s Pradhan Ent... |
India: Beumer supplies ACC with world's highest bucket elevator21 April 2016, Published under Cement NewsACC Ltd, part of the LafargeHolcim Group, has expanded the capacity of its factory in Wadi in the south Indian state of Karnataka to 13,000tpd. The Beumer Group as main (EPC) contractor has got a repeat order on turnkey, for high-performance belt bucket elevator, type HGBW-HC 1250 x 175.3m. With a distance between centres of 175.3m, this is currently the highest in the world, claims Beumer. The enormous size of this system enables a flow rate of around 600tph to be achieved, ensured by ... |
India: local residents in favour of Jorabat cement plant21 April 2016, Published under Cement NewsPlans to set up a 500tpd cement plant near Jorabat, Assam, India, have received the support of local residents. The Pollution Control Board Assam has conducted a public hearing in the premises of Ambher LP School at 12th Mile, near Jorabat, on the issue of setting up of a proposed cement plant. The majority of the local people and residents supported establishment of the works on the condition that the plant would contract staff locally, reported the Assam Tribune. Another condition gi... |
India: LafargeHolcim sale temporarily halted by court18 April 2016, Published under Cement NewsThe sale of 11Mta of LafargeHolciim assets in India has been put on hold by India's Competition Appellate Tribunal. According to Mint an appeal has been lodged by Dalmia Cement (Bharat) Ltd. against the Competition Commission of India’s decision ordering the divestment of Lafarge India. The tribunal's decision will delay the sale process by at least three weeks, until May 9. Last week saw the close of bidding for the assets - three integrated plants and two grinding plants with a combi... |
Ten bidders chase LafargeHolcim Indian assets14 April 2016, Published under Cement NewsThe sale of LafargeHolcim's Indian operations has attracted considerable interest, with the company having received bids from 10 groups interested in buying the assets. According to India's Economic Times, JSW Cement, Blackstone and Ramco Cements have all submitted bids, while the Irish Times notes that CRH, Piramal Group and Carlyle Group are also in the running. LafargeHolcim is selling three integrated plants and two grinding plants with a combined capacity of 11Mta, valued at aroun... |