Cement News tagged under: India

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Dalmia Cement to raise northeastern capacity, India

21 January 2013, Published under Cement News

Dalmia Cement plans to invest INR18bn (US$334m) over the next two years to lift capacity to 21Mta through a new greenfield plant and expanding its facilities in northeast India. Puneet Yadu Dalmia, managing director of Dalmia Cement, told local press that the company’s total capacity will increase to 21Mta at the end of the process from the current 17Mta. It will invest INR13bn in its upcoming 2.5Mta Greenfield plant in Belgaum city in Karnataka state while its plants in the northeast of I...

ABG set to bring new cement ventures on-stream, India

18 January 2013, Published under Cement News

The ABG Group of India is set to start production from its new cement ventures this quarter. Under ABG Cement Ltd, the company is constructing a 3Mta clinker unit in the village of Thumdi in Kutch and a 5.8Mta grinding works in the village of Mora, Surat, Gujarat state. The clinker plant is expected to go on-stream in February while the grinding unit may commence operations in the following month. These two projects mark the ABG Group’s first foray into the cement sector. The compan...

HeidelbergCement completes first move in central Indian expansion project

17 January 2013, Published under Cement News

HeidelbergCement India Ltd (HCL) has completed the first step towards raising its capacity in central India by increasing grinding capacity at its Jhansi grinding works in Uttar Pradesh. The plant's capacity has been expanded from 0.8Mta to 2.7Mta, raising HCL’s total cement volumes in the country to 5Mta. “This is the first move towards our expansion plans in central India. We expect cement consumption to grow at a relatively higher rate in this region and we stand committed towards bett...

Vicat eyes further growth in India

17 January 2013, Published under Cement News

Following the announcement yesterday by Vicat that its new joint-venture project Sagar has started commercial production, local press have speculated that the France-based major is scouting for further growth opportunities in India. Citing a company official, the Economic Times of India reported that Vicat is looking for more organic and inorganic growth in the country. The company already has a controlling stake in Bharathi Cement and has a joint venture with Sagar Cements. The Vicat Sa...

Pakistan exports to India slow

16 January 2013, Published under Cement News

Exports of cement over the northeast border of Pakistan to western India have slowed over the past week due to border tension between Islamabad and New Delhi. It has been alleged that trucks carrying cement are being examined carefully and slowly, which has partially affected deliveries, the All Pakistan Cement Manufacturers Association has said. The issue is exacerbating the concerns of a drop in exports from Pakistan to its neighbour over the past six months. Over July-December...

India Ratings revises outlook on cement sector

15 January 2013, Published under Cement News

India Ratings has revised its outlook for Indian cement manufacturers from "negative" in 2012 to "stable to negative" for 2013, driven by limited downside risk for demand. The ratings agency also expects consolidation in the medium-to-long-term with large M&A activities, according to a report. "We expect consolidation in cement industry in the medium-to-long-term with large M&A activities in the sector," the rating agency said. The agency expects credit profiles of large cement firms...

JP Morgan cautious near term outlook on India cement sector

11 January 2013, Published under Cement News

JP Morgan cautions the near-term outlook for Indian cement companies remains "hazy", in contrast with market consensus for a strong V-shaped recovery in infrastructure spending over the next 12 months. The investment bank says a growth in industry demand of more than eight per cent is unlikely over the next two years, as capacity will continue to outpace demand. (Source: Reuters.)

Mixed bag of Q3FY13 earnings for Indian cement producers

10 January 2013, Published under Cement News

A weakness in cement prices and softening demand in the region is expected to hit Q3FY13 earnings of some of India’s cement producers. Only ACC and Ambuja are forecast to record a YoY earnings growth, says research house Jefferies. Grasim, ICEM and UltraTech are predicted to see more modest earnings. Ambuja should benefit from a 1.2 per cent YoY rise to 5.8Mt in cement and clinker volumes. Average realisation is anticipated to improve nine per cent YoY, largely cancelling out the two per ...

India: Reliance Cement marketing campaign

10 January 2013, Published under Cement News

Reliance Cement, a 100% subsidiary of Reliance Infrastructure, is currently in the middle of a six-month  campaign to better promote its OOH cement brand that was initially launched in 2007. One creative of the campaign showcases a huge cement bag placed on the billboard. The bag is shown pouring cement on a person, making him look like a cement man. In another marketing banner, a huge moving crane attached to a motorised pulley is erected across a billboard, apparently pulling the cement b...

ABG looks to sell minority stake in cement unit, India

08 January 2013, Published under Cement News

India-based private sector ship builder ABG Group, is in talks to offload a minority stake in its cement business, a senior executive has told the Times of India. The cement business, which operates under ABG Cement, has a 6.5Mta cement plant in Kutch, Gujarat, which is expected to be commissioned in a few weeks. Dhananjay L Datar, director of ABG Group, said the potential deal is at a preliminary stage with several parties showing an interest in the unit. Sources familiar with the...