Cement News tagged under: India
UltraTech Cement signs binding MoU for Jaiprakash Associates cement units29 February 2016, Published under Cement NewsIndia's UltraTech Cement Ltd said on Sunday it had entered a binding memorandum of understanding to acquire Jaiprakash Associates Ltd's cement plants for INR165bn (US$2.457bn). The assets have a total cement capacity of 22.4Mta, including 4Mta under implementation, and are situated in the states of Madhya Pradesh, Uttar Pradesh, Himachal Pradesh, Uttarakhand, Andhra Pradesh and Karnataka. “The assets will give the company access to the newer markets of Satna, Uttar Pradesh East, Himachal P... |
Foundation stone laid for Emami Cement's grinding plant, India29 February 2016, Published under Cement NewsThe foundation stone for the Emami Cement's new grinding plant was laid by Chief Minister Mamata Banerjee in Panagarh, West Bengal, on Saturday. "The 2Mta capacity unit is to be located at WBIDC Panagarh Industrial Park in Burdwan district of West Bengal at an investment of INR500 crore [INR5bn/US$73m]," a statement by Emami Cement said. The plant is expected to be commissioned by end of the 2016," it added. The company is also currently setting up a 4Mta integrated cement project consist... |
India: Shree Cement receives first non-coal mining lease in Chhattisgarh22 February 2016, Published under Cement NewsShree Cement has won the first ever non-coal mining lease auctioned by the state government of Chhattisgarh, India. The Indian Bureau of Mines (IBM) price of limestone in Chhattisgarh was INR483.17/t. Shree Cement offered to pay INR284/t — the highest bid that was 58.95 per cent of IBM price. The auction process continued for over five hours on Thursday. In all, 192 bids were submitted. “The auction of Karhi Chandi block itself would yield INR4386 crore to the state exchequer at the said... |
HeidelbergCement India commissions Madhya Pradesh WHR facility17 February 2016, Published under Cement NewsHeidelbergCement India has successfully commissioned a 12MW waste heat recovery (WHR) facility at its Narsingarh Plant in Damoh, Madhya Pradesh, on 15 February 2016. The WHR plant will utilise the waste heat generated by the clinker lines. The power generated will substitute equivalent grid power, thereby reducing the plant's power costs. |
ACC full-year volumes impacted by mine closure, slow economic start to year15 February 2016, Published under Cement NewsACC Ltd, part of the LafargeHolcim group, reported a 2.4 per cent decline in 2015 sales volumes to 23.62Mt due to the temporary closure of mines serving its Chaibasa and Bargarh plants in eastern India, and the generally slow pace of the economy earlier in the year. Cement volumes during the final quarter of the year witnessed a turnaround, improving by four per cent YoY to 6Mt. The company’s focus on cost management helped contain overall production costs, despite a contribution to th... |
India: Ambuja Cements reports flat growth in full-year volumes12 February 2016, Published under Cement NewsAmbuja Cements, part of the LafargeHolcim group, reported flat sales growth for the 12 months ending 31 December 2015. The company underlined that during the year the Indian cement market largely remained subdued although there was a 5.2 per cent rise in volumes during the final quarter. However, lower cement price realisation led to overall net sales being down by 5.5 per cent in 2015 to INR9368 crore, compared to INR9911 crore a year earlier. Lower operating costs with improved opera... |
Change in LafargeHolcim leadership in India10 February 2016, Published under Cement NewsLafargeHolcim announced yesterday that Martin Kriegner, currently Area Manager Central Europe, will be appointed Head of India, effective 1 March 2016. He will report to Eric Olsen, Group CEO, and succeed Bernard Terver who has decided to retire. Martin Kriegner joined LafargeHolcim in 1990 and has previously held several senior leadership positions in the group, including CFO and CEO of group operations in Austria as well as Head of Lafarge India and Regional President Cement for Asia. He... |
JK Cement resumes production at Karnataka unit, India10 February 2016, Published under Cement NewsJK Cement has resumed production at its 3Mta facility in Baglakot, Karnataka, after operations were temporarily halted when the roof of a clinker silo caved in. "Production of clinker and cement has resumed with operation of the kiln by making an alternate arrangement using two RBC belts for feeding the clinker directly to the cement mill," JK Cement said in a filing to the Bombay Stock Exchange. Operations had been temporarily suspended on 27 January 2016 due to the incident. The company... |
LafargeHolcim receives revised divestment order from India09 February 2016, Published under Cement NewsLafargeHolcim has received a revised order from the Competition Commission of India (CCI) to divest its interest in Lafarge India, including three cement plants and two grinding stations with total capacity of 11Mta. " The proposed transaction is an alternate remedy for the merger of the group's legacy companies and now forms part of the company's CHF3.5bn (US$3.54bn) divestment target in 2016," LafargeHolcim said in a statement. Last week the building materials giant said it was reviewi... |
LafargeHolcim considering revised divestment plan in India04 February 2016, Published under Cement NewsLafargeHolcim confirmed today that it is considering a divestment of its interest in Lafarge India with a cement capacity of around 11Mta. The divestment would require the approval of the Competition Commission of India (CCI) as an alternative remedy for the merger of the group’s legacy companies. The company said in a statement that it is no longer in discussion with Birla Corporation Limited (BCL) for the sale of the Jojobera and Sonadih cement plants in eastern India announced last yea... |