Cement News tagged under: India
India: production begins at JK Lakshmi's Durg plant22 January 2015, Published under Cement NewsJK Lakshmi Cement has started production of its 2.7Mta cement works in Durg, Chattisgarh state, central India. The greenfield works, which will manufacture various types of cement including OPC, PPC and slag cement, began production earlier this week, according to a company statement. The new plant boosts JK Lakshmi’s total installed capacity to 9.3Mta. The start-up of the Durg plant is in line with Prime Minister Narendra Modi’s "Make in India" initiative to boost economy and growth of ... |
Lafarge to buy back Baring stake in Indian unit21 January 2015, Published under Cement NewsLafarge India is reportedly buying back the 14.03 per cent stake it sold to global private equity investor Baring Private Equity Asia in 2013. Through its wholly-owned subsidiary Paris Cement Investment Holdings, Barings Asia acquired a 14.03 per cent stake in Lafarge India for EUR200m. According to local press reports, the share agreement with the PE fund is said to have a clause which triggers a buyback case in case there is any change in the shareholding structure. With Lafarge and Holc... |
Sanghi Industries invests in energy, port development21 January 2015, Published under Cement NewsSanghi Industries is to invest in a 15MW waste heat recovery (WHR) system at its cement plant in Kutch, Gujarat, as part of the company’s drive to enhance efficiency and reduce its carbon footprint. Explaining the company’s strategy, Alok Sanghi, Director of Sanghi Industries Ltd said: “Our focus is on increasing efficiencies at our manufacturing facilities as well as reducing our carbon footprint by cutting down on pollutants that affect the environment.” Sanghi has signed a contract for... |
CCI decision on Lafarge and Holcim merger due ‘within a month’20 January 2015, Published under Cement NewsThe Competition Commission of India (CCI) will soon decide on the proposed merger between Lafarge and Holcim, the Economic Times (India) cited CCI chairman, Ashok Chawla, as saying. "The final order on the case should be out within a month," Mr Chawla said. In December the cement producers said in India, both companies “are well on track” in preparing the merger with the future structure for this part of the world. Sources told the ET that the CCI is likely to prescribe a structural remed... |
India: JSW Group eyes capacity expansion19 January 2015, Published under Cement NewsThe JSW Group plans to expand its cement production capacity to 30Mta over the next decade from the current 5Mta as it seeks to become a bigger player on the Indian cement market scene. Speaking to BusinessLine reporters, Seshagiri Rao, Joint Managing Director of JSW Steel said the group plan is to become a significant player in the sector with 30Mta capacity by 2025. The company, one of India's largest business conglomerates, is looking to setting up grinding units closer to its steel pl... |
India: UltraTech outlines upcoming greenfield expansion16 January 2015, Published under Cement NewsFollowing its planned takeover of two cement plants owned by the Jaypee group, UltraTech has outlined its next phase of greenfield expansion. India’s largest cement producer is planning to set up two greenfield grinding units in Bihar and West Bengal, according to managing director OP Puranmalka. In addition, the company plans to build a bulk terminal in Maharashtra to enhance transport and logistics, and increase capacity at its existing plant in Rajasthan. While the capacity expansion w... |
Stronger markets in 2015?09 January 2015, Published under Cement NewsWhat does 2015 have in store for the cement sector? After three relatively poor years in terms of global construction expansion, Morgan Stanley (UK) predicts a tentative recovery in world consumption in spite of a significant slowdown in China, according to new analysis published in International Cement Review. Morgan Stanley expects global cement demand, inclusive of China, to rise to 2.8 per cent in 2015, marginally up from the 2.5 per cent growth recorded in 2014, which was the ... |
Dalmia Bharat Group recognised for CSR achievements06 January 2015, Published under Cement NewsDalmia Bharat Group has been awarded the CII-ITC Sustainability Award 2014 for 'Significant Achievement in Corporate Social Responsibility (CSR)’, beating 20 other companies to the title. This is the third consecutive year that the Indian cement producer has been recognised for its sustainability efforts. Commenting on the award, Gautam Dalmia, managing director, of the Dalmia Bharat Group, said: "It is a huge honour for us to receive the coveted CII-ITC Sustainability Award for the thir... |
JSW sets its sights on southern expansion05 January 2015, Published under Cement NewsJSW Cement has set its sights on expanding production capacity with several grinding projects under study in the south of India. The company is plans to set up plants in Chennai (Tamil Nadu), Kochi (Kerala) and Dolvi (Maharashtra) in a step by step approach starting this year. Anil Kumar Pillai, CEO of JSW Cement told The Hindu that the company is currently ‘scouting for land’, adding that orders for plant and machinery are expected to be placed by March. The cement grinding unit in D... |
Tamil Nadu launches subsidised cement to market05 January 2015, Published under Cement NewsThe government of Tamil Nadu government has rolled out the 'Amma Cement' brand, which will be sold at subsidised rate on the local market. According to the scheme, launched by AIADMK supreme Jayalalithaa as Chief Minister in September, the government will procure the cement from private manufacturers and sell it at INR190 per bag (US$3), reportedly INR100 cheaper than current prices in the southern Indian state. Jayalalithaa is addressed as 'Amma' (Mother) by her party supporters. The r... |