Cement News tagged under: India
Birla HomeTech mulls Kurnool plant project, India20 August 2014, Published under Cement NewsBirla HomeTech are considering setting up a cement factory in the Kurnool district of Andhra Pradesh (AP). N Chandrababu Naidu, chief minister of AP, assured Birla HomeTech officials during a recent visit to discuss the new plant that the state government would help the company with the resources. He added that the southeastern Indian state is rich in minerals and that the output from the cement plant could be used by the government for infrastructure projects, the New Indian Express rep... |
Wonder Cement places new order with Gebr Pfeiffer, India15 August 2014, Published under Cement NewsIndia-based producer Wonder Cement has placed an order with Gebr Pfeiffer for raw meal and coal mills as part of plans to expand its Tehsil Nimbahera cement works. The mills will supply the new 8500tpd kiln line at the plant situated in Chittorgarh district, India. The MPS 5600 B, with a capacity of 605tph of raw meal and a fineness of 1.5 per cent residue on the 212µm sieve, will be equipped with a 5600kW drive. Wonder Cement will use pulverised petcoke for kiln firing. This fuel will be ... |
Orient in strategic talks to acquire 2Mta plant15 August 2014, Published under Cement NewsOrient Cement is in talks with three companies to acquire a cement plant as part of plans to triple capacity by 2020, a senior company executive has said. Deepak Ketrapal, managing director of Orient Cement, told local press that "strategic discussions“ are being held to acquire a 2Mta cement plant. The names of the companies were undisclosed. Mr Ketrapal added that Madhya Pradesh and Chhattisgarh are the prime locations. The acquisition will form part of Orient Cement’s aim to boost cap... |
Sagar in talks to buy BMM Cements, India14 August 2014, Published under Cement NewsSagar Cement is in talks to buy BMM Cements as it plans to use the proceeds from the sale of its stake in the Vicat Sagar joint venture to fund growth organically and through M&A activity. BMM Cements operates a 1Mta integrated cement works along with a 25MW captive power plant near the Tadipatri in Anantapur district of Andhra Pradesh. Sources told the Economic Times of India that a team of Sagar Cements has already inspected BMM’s manufacturing and limestone assets and the legal and t... |
Badami takes up role of ACC chief executive officer and MD14 August 2014, Published under Cement NewsHarish Badami yesterday assumed the role of CEO and managing director of India’s second-largest cement producer, ACC. "Harish Badami has taken over as CEO & MD from August 13 2014 and Kuldip Kaura has demitted office as CEO & MD from the said date," the Holcim group company said in a statement. The Board had approved Badami’s appointment in June. Prior to joining ACC on 1 August 2014, Badami had served as managing director of Celanese India. He also held the positions of president and MD... |
Grinding unit planned for Karnataka, India12 August 2014, Published under Cement NewsJR Super Cement is planning a 200tpd cement grinding unit and a coal-based captive power plant in the district of Bagalkot, Karnataka state, India. The project is waiting for environmental clearance. Work on the cement grinding unit is expected to commence in 1Q15 and work on the power project is expected to commence the following year. |
Senior appointments at Orient Cement, India08 August 2014, Published under Cement NewsOrient Cement’s board of directors has appointed Rahul Deshmukh as chief operating officer at a meeting held on 7 August 2014. Meanwhile, Sushil Gupta has been named chief financial officer of the company. SK Pandey has also been appointed Plant Head of Orient's Devapur cement works. |
Chettinad increases holding in Anjani Portland Cement, India29 July 2014, Published under Cement NewsChettinad Cement Corp has increased its holding in Anjani Portland Cement to 66.08 per cent by acquiring a 17.08 per cent share through an open offer. In March, the company had entered into a share purchase agreement to acquire a 61.74 stake in Anjani Portland. Chettinad Cement has said that its agreement with promoters of Anjani Portland has a built-in flexibility to ensure that its holding is limited at 75 per cent, the maximum allowed for a firm to remain listed. The move helps Chet... |
Pakistan export revenues down in FY1428 July 2014, Published under Cement NewsPakistan reported a decline in export revenue in FY14, due in part to lower sales to Afghanistan and a decline in average export prices. Encouraging trends were, however, noted in exports to India and other parts of the world. Data from the All Pakistan Cement Manufacturers Association shows that total dispatches increased by 2.52 per cent YoY to 34.273Mt. Exports totaled 8.73Mt on revenues of US$509.46m compared to 9.09Mt at US$577.44m in FY13. This translated to a fall of 3.97 per cen... |
ACC net profit down 7%, improving demand outlook25 July 2014, Published under Cement NewsIndia’s second-largest cement producer, ACC, reported a seven per cent decline in profit for the second quarter of the year as operational costs continued to rise. However, improvements on the demand front were noted, a trend which the Holcim group company expects to continue. During the quarter ended June 2014, consolidated turnover was up 7.8 per cent to INR30bn (US$5bn). EBITDA, however fell 7.7 per cent to INR4.5bn. Net profit was down 7.1 per cent to INR2.43bn. The company said it ... |