Cement News tagged under: India
HeidelbergCement's refinancing for Italcementi acquisition reduced22 March 2016, Published under Cement NewsHeidelbergCement priced a eurobond issue under its EUR10bn Euro Medium Term Note (EMTN) programme with an issuance volume of EUR1bn and a maturity date of 30 March 2023. The bond was issued at the upper end of the volume and the lower end of the coupon range. Demand was very high, said HeidelbergCement. The bond was more than three times oversubscribed. The proceeds will be utilised for general corporate purposes and especially to prefund the upcoming Italcementi acquisition. Thereby the vo... |
Ambuja Cement prepares for 6-7% growth in 5 years22 March 2016, Published under Cement NewsIndia’s second-largest cement producer, Ambuja Cement, expects cement demand to grow by 6-7 per cent in the next five years as the Indian government ramps up infrastructure investment. In 2015 the domestic cement sector expanded by 1-2 per cent. To meet this future demand, the company plans to build an integrated cement works at Marwar Mundwa in Nagaur district, Rajasthan, with associated grinding units at Osara, Madhya Pradesh, and Dadri, Uttar Pradesh. The two projects reflect an invest... |
ACC forecasts 6% demand growth in 201622 March 2016, Published under Cement NewsIndia’s ACC predicts domestic cement demand to rise by six per cent in 2016 as spending on housing and infrastructure increases. The company’s clinker and grinding facilities in Jamul and Sindri are nearing completion, with commissioning expected in April-June. |
AllScan PGNA Analyser orders in India and Kenya16 March 2016, Published under Cement NewsRealTime Instruments (RTI) has installed its AllScan PGNA Analyser for a greenfield plant project being undertaken by FLSmidth for Emami Cement in India. The installation took place in just 1.5 days, RTI highlighted in a statement yesterday. Over the last few months the Australia-based online analysis specialist has booked another three AllScan orders for cement projects. Two analysers (one for a stockpile application and one for a raw mill application) have been selected by National Cement... |
Vicat’s profits declines in most markets15 March 2016, Published under Cement NewsFrench cement major Vicat saw its profits decline in most markets last year with the USA and India being the only exceptions. Turnover improved by 1.5 per cent in 2015 to EUR2457.9m and EBITDA was up by the same percentage to EUR448m, while at unchanged parameters there would have been declines of 4.4 per cent and 4.3 per cent, respectively. The trading profit fell by 4.8 per cent to EUR249.7m, with the reduction at unchanged parameters being 10.4 per cent as the stronger dollar had ... |
Indian government clears proposal to amend MMDR Act14 March 2016, Published under Cement NewsThe Indian government has cleared a proposal to amend the mines and minerals law (MMDR Act) to allow the transfer of captive mines granted through non-auction routes, which of late has proved to be a stumbling block for two key acquistions in the domestic cement industry. "The cabinet has approved the proposal allowing transfer of captive mines across sectors. We have received various representations from banks and associations saying the amendment will facilitate a number of mergers and ... |
Pakistan seven-month cement exports volumes and revenues decline14 March 2016, Published under Cement NewsPakistan cement export volumes reached 393,391t on revenues of US$21.1m in January 2016, down 9.52 and 7.8 per cent, respectively compared to the previous month. On an annual comparative basis, the there was a 15.28 per cent decline in volume terms and a 19.14 per cent fall in revenue. During the first seven months of the current fiscal, cumulative exports reached 3.496Mt (US$191.55m) versus 5.045Mt at US$294.71m. This also translates to a YoY fall of 30.69 and 35 per cent in terms of qua... |
Dalmia Bharat to take full control of cement subsidiary09 March 2016, Published under Cement NewsDalmia Bharat has received approval from the Competition Commission of India to acquire a 15 per cent stake in its subsidiary Dalmia Cement Bharat from private equity firm KKR. Post-acquisition, Dalmia Cement Bharat Ltd (DCBL) will become a wholly-owned subsidiary of Dalmia Bharat Ltd (DBL). “Dalmia Bharat Ltd (DBL) signed a definitive agreement with KKR, under which it will acquire KKR's 15 per cent stake in DCBL in return of KKR getting 8.5 per cent stake in DBL as well as INR6bn [US... |
Change at the top for thyssenkrupp India09 March 2016, Published under Cement NewsRavi Kirpalani will join thyssenkrupp India on 14 March 2016 and take charge as the CEO of the regional headquarters of thyssenkrupp India effective 1 July 2016. Indian-born, Kirpalani's last role was the Managing Director of Castrol India Ltd. Prior to joining thyssenkrupp he spent over 16 years at BP where he held a number of roles in India and in the UK. He will provide ongoing support for the strategic development of all thyssenkrupp’s business in India. He succeeds Dr Micha... |
LafargeHolcim02 March 2016, Published under Cement NewsLafargeHolcim has inaugurated 0.1Mta of additional grinding capacity at the Ndola cement works in Zambia, taking the annual capacity there to 0.5Mt. In addition to supplying the domestic market, this works exports to the Congo. In France LafargeHolcim is ceasing clinker production at Le Havre and at La Couronne. There will be a considerable reduction in staffing levels as only 31 will remain at Le Havre and 27 at La Couronne. The US$765m deal to sell one integrated works and one grindi... |