Cement News tagged under: India
Holcim03 November 2014, Published under Cement NewsACC Ltd in India increased cement deliveries in the three months to the end of September by 2.6 per cent to 5.546Mt, while the nine-month figure was off by 0.5 per cent at 18.08Mt. The turnover for the nine months fell by 2.7 per cent to INR82.15bn (US$1.3bn), with EBITDA falling by 29.7 per cent to INR12.682bn and the pretax profit declining by 15.3 per cent to INR9.764bn. At the net attributable level, however, there was a 1.2 per cent improvement to INR8.19bn. Expansion work at the Jamul... |
Better price realisations boost ACC and Ambuja’s third-quarter revenues31 October 2014, Published under Cement NewsHolcim’s Indian subsidiaries ACC and Ambuja Cements both reported higher revenues for the 3Q14, on the back of a recovery in prices, but sales volumes remained a concern. ACC, the country’s second-largest producer, saw revenue grew by 9.4 per cent to INR2742 crore, driven primarily by a better pricing environment. Operating EBTIDA rose 32 per cent to INR379.08 crore. Net profit was INR193 crore, up 62 per cent YoY. Sales volumes at 5.62Mt during the September quarter were only 1.4 per cent... |
India: Malabar Cements gets state gov't nod for Cochin Port unit30 October 2014, Published under Cement NewsThe state government of Kerala, India, has given Malabar Cements Ltd the green light to set up a bulk cement handling unit at the Port of Cochin. Malabar Cements has shown an interest in establishing a cement handling and bagging unit following the decision by Cochin Port to allow cement companies to bring in raw materials via sea using the port facilities. The new unit is expected to have a capacity of 0.6Mta and be completed within two years. Cochin Port is a major port on the Arabian S... |
Aditya Birla Group bids for Lafarge, Holcim units22 October 2014, Published under Cement NewsIndia's Aditya Birla Group submitted bids on Monday to buy Holcim and Lafarge assets. UltraTech Cement and other Aditya Birla Group companies have put in bids for Lafarge and Holcim plants in Brazil and the Philippines, valued at US$1.4bn. The group had started operations in the Philippines several years ago and earmarked Brazil as a key place for expansion three years ago. "Aditya Birla group will be unable to bid for assets carved out of the Lafarge-Holcim merger in some of the mark... |
India moves towards ending coal monopoly21 October 2014, Published under Cement NewsThe Indian government has taken a cautious step towards ending the coal monopoly as its plans to allow private players to mine and sell coal, a move that is expected to benefit cement companies amongst others. The cabinet has approved auction of 74 of the recently-cancelled 204 coal blocks in the next 3-4 months. While state-owned companies will be allocated coal blocks on a priority basis and will not have to bid in the auction, private companies will be able for the first time to buy bl... |
India: VP Cements plans a two-phase plant21 October 2014, Published under Cement NewsVP Cements is planning a two-phase integrated cement project in the village of Gundlakunta, Andhra Pradesh. Land acquisition is in progress, but both phases still await environmental clearance. The total cost of the project is INR16bn (US$261m). Phase one will consist of a 3.2Mta cement project, a 2Mta clinker project and a 1x40MW coal-based captive power plant (CPP) with work expected to commence in 2015. Work on the second stage, which will double the phase one capacity, will start in 2... |
Sagar Cement posts INR2.82 net profit20 October 2014, Published under Cement NewsIndia-based reported a net profit of INR2.82bn in the quarter ended 30 September 2014, compared with a INR115m loss the previous year. The cement maker’s revenues rose by 23.6 per cent to INR1.25 in the July-September quarter. The other income of the cement company included INR3.49bn profit that was realised from the sale of its stake in tthe joint venture with Vicat group. |
India: Ambuja Cement launches Ambuja Plus20 October 2014, Published under Cement NewsAmbuja Cement has launched a new cement product, Ambuja Plus, in the state of Maharashtra, India. This innovative product is created with an advanced formula, offering additional strength than ordinary Portland cement, claims the company. Ambuja Plus is aimed mainly at small consumers or individual house builders. MD and CEO Ajay Kapur said: “Ambuja Plus is special quality PPC [Portland Pozzolan] cement with advanced SPE technology that makes concrete stronger and easier to work with. It i... |
India: cement producers target government road projects20 October 2014, Published under Cement NewsHigh-ranking representatives of 17 cement manufacturers promised road transport minister, Nitin Gadkari, that their companies would put in lower bids to encourage development projects, according to the Times of India Group. The ministry has now invited bids asking manufacturers to quote the lowest price ex-factory price that they can offer to road developers. Soon after taking charge of the ministry, Gadkari had proposed long-term contracts with cement majors across the country to purchase... |
Holcim and Lafarge to identify non-core assets in India for divestment16 October 2014, Published under Cement NewsHolcim and Lafarge have begun an internal process in India to identify assets which have to be divested to adhere to the requirements of the country’s Competition Commission. Two sources familiar with the matter told The Economic Times of India that: “Both the companies are running processes to understand which are the plants and operations which are not linked to their strategic global plans," says one of the persons quoted above. "These plants and operations will be divested." "The proc... |