Cement News tagged under: India
Recalled Nestlé 'Maggi' noodles reused as alternative fuel at five Indian cement plants17 June 2015, Published under Cement NewsSome 27,420t, of Nestlé's Maggi noodles has been recalled in India and is now being used as an alternative fuel at five Indian cement plants. Nestlé said that the recall process is one of the largest in the history of India's food industry. "The recall of Maggi noodles from the market is an immensely complex mammoth activity, the largest in the history of Nestlé," said Luca Fichera, executive vice president of the supply chain in India. "The trust of our consumers is extremely important for... |
Lafarge to buy out Baring stake in Indian unit16 June 2015, Published under Cement NewsAs part of the implementation in India of its planned merger with Holcim - and subject to its completion - Lafarge has signed an agreement to acquire the 14 per cent stake held by Baring in Lafarge India, for a consideration of EUR270m. Following this transaction, subject to the approval of the regulatory authorities, Lafarge will hold 100 per cent of the shares of Lafarge India. |
Dalmia Cement increases exports to Sri Lanka16 June 2015, Published under Cement NewsDalmia Cement is increasing its exports to Sri Lanka through channel partner Smart Dragon Lanka Pvt Ltd, the company said in a statement. Dalmia Cement (Bharat) Ltd currently supplies cement to the Sri Lankan market from their plant located in Dalmiapuram, Trichy District (Tamil Nadu). The plant has 21 silos, making it convenient to store all varieties of cement adequately, the company notes. R Sanjay, Assistant Executive Director, Institutional Sales - Dalmia Cement, commented: ... |
Zuari Cement plans to increase Indian presence11 June 2015, Published under Cement NewsZuari Cement, part of the Italcementi Group, is looking to increase its presence in India ahead of an anticipated increase in domestic consumption. The company has plans to add another 1Mta to its current capacity of 6Mta by the end of the year. Speaking to Cnbc-TV18, Nabil Francis, MD-India, Zuari Cements said: “We have established a new site in Sholapur, so at the end of this year we will be over 7Mta as a capacity." On the outlook for cement demand growth in the country, Mr Francis s... |
Sagar Cement rail line on track for July opening08 June 2015, Published under Cement NewsIndia's Sagar Cement announced will commission its INR1200m (US$18.7m), 7km private railway line next month. This line will connect Sagar’s plant, near Matampally, in Nalgonda, Andhra Pradesh, with the main railway line. S Sreekanth Reddy, Sagar Cement’s executive director, said: “The company had already received its first train and full commercial operations will begin after safety checks by end of July”. The railway line is likely to boost the company’s market reach as well as slash frei... |
BMM seeks to raise US$33m from IFC05 June 2015, Published under Cement NewsBMM Cements Ltd (BCL) is planning to raise US$33m (around INR2bn) from the International Finance Corporation (IFC) to fund its turnaround, Business Standard of India reports. Currently part of Bharat Mines & Minerals group (BMM group), BCL shareholders in November 2014 had agreed to transfer ownership to Sagar Cements Ltd (SCL). After the transfer, BCL will become a wholly owned subsidiary of SCL. BCL has a 0.95Mta integrated cement manufacturing unit in Anantpur district, Andhra Pradesh. ... |
India to auction 10 coal blocks05 June 2015, Published under Cement NewsThe government of India said Thursday it will auction 10 coal blocks with extractable reserves of 356Mt to cement and steel companies. The auction process will begin on 8 June with the government notifying the blocks for different sectors. Bid documents for the blocks will be on sale from that day. The government will invite technical and financial bids for the mines and the last date for submission of the documents will be 21 July. The auction will take place between 11-17 August 2015.... |
Ramco boosted by cost control, stable pricing04 June 2015, Published under Cement NewsIndia-based Ramco Cements reported a 274 per cent rise in 4QFY14-15 net profit to INR934.2m (US$14.6m) on better cost management and stable cement prices. Revenues for the three months to the end of March 2015 edged ahead by 1.2 per cent to US$156m but sales volumes fell 16.4 per cent to 1.88Mt (2.25Mt a year earlier). For the fiscal year that ended on 31 March 2015, Ramco Cements achieved a profit of US$37.9m, a rise of 76 per cent and a revenue of US$584m. Cement sales totalled 7.67M... |
Indian output down 2.4% in April03 June 2015, Published under Cement NewsThe output of eight core industries in India contracted for the second consecutive month in April, on poor performances by the cement, electricity, natural gas refinery products and fertiliser sectors. In April 2015, output by the eight industries fell by 0.4 per cent. The output of the cement sector declined by 2.4 per cent, with falls in production also sen in natural gas (3.6 per cent), electricity (1.1 per cent), refinery products (2.9 per cent) and fertiliser output (0.04 per cent). C... |
Shree commissions 1.5Mta Chhattisgarh line29 May 2015, Published under Cement NewsShree Cement commissioned its 1.5Mta clinker manufacturing unit at Baloda Bazar near Raipur in Chhattisgarh on 20 May 2015. The cement mill section had previously been commissioned on 24 February 2015. Shree Cement's cement plants are located at Beawar, Ras, Khushkhera, Jobner and Suratgarh in Rajasthan and Laksar (Roorkee) in Uttarakhand. |