Cement News tagged under: India
India: CMA seeks fairer taxes for cement10 July 2014, Published under Cement NewsThe Indian Cement Manufacturers Association (CMA) has requested in its pre-budget memorandum 2014-15 that cement be stipulated as 'Declared Goods', so that it is put on an equal footing with other core sector goods like coal and steel in terms of taxation. At present, while the cement industry in India is one of the country's basic and core infrastructure industries, cement is subject to higher rates of taxation. The CMA intends to rationalise and reduce the excise duty on cement from its... |
LH Merger: LatAm, Asia, Africa07 July 2014, Published under Cement NewsThe Lafarge Holcim merger is being viewed as a good geographical fit in emerging markets given Lafarge’s strong presence in the Middle East and Africa, and Holcim’s significant exposure to Latin America and the Asia-Pacific region. However, regional overlaps in certain key markets are likely lead to the expected disposal of assets. Latin America Moves to address anti-trust concerns already appear to be underway with Lafarge last month confirming the sale of its cement operations in Ec... |
Pakistan exports decline in first 11 months03 July 2014, Published under Cement NewsDespite a marked increase in shipments to India, Pakistan exports have proved disappointing in the first 11 months of the current fiscal, declining both in volume and revenue terms compared to the same period of last year. Latest data shows that Pakistan exported 7.792Mt of cement on revenues of US$460.30m during the first 11 months (July 2014 - May 2014) of fiscal FY13-14, a YoY decline of 5.08 and 12.23 per cent, respectively. The average cement export price fell by 7.05 per cent to US... |
Producers agree to lower Himachal Pradesh prices, India03 July 2014, Published under Cement NewsCement producers operating in Himachal Pradesh (HP) have agreed to reduce the price of cement in the northern Indian state to bring it more in line with prices in neighbouring states, an official has said. "Ambuja, ACC and Jaypee have agreed in principle to reduce the price with immediate effect," a government spokesperson told local press. The move comes as chief minister of Himachal Pradesh, Virbhadra Singh, toughens his stand on cement being sold in Himachal Pradesh at rates higher t... |
Shree commissions Bihar grinding plant, India02 July 2014, Published under Cement NewsShree Cement has commissioned a 2Mta grinding unit at Aurangabad in Bihar as part of its plan to gain a foothold in the east of the country. In a statement to the stock exchanges, the company said it had commissioned the facility on 30 June 2014. Prior to its completion, Shree Cement had a capacity of 13.5Mta. It has embarked on expansions to take its total capacity to 25Mta by 2015 aimed at consolidating position further in the north India market and establish a presence in the east. |
JK Cement starts commercial production from Jharli grinding unit, India01 July 2014, Published under Cement NewsJK Cement has started commercial production from its split-grinding unit at Jharli in the northern Indian state of Haryana. The 1.5Mta plant will source its raw material from both internal and external sources such as fly ash from NTPC power plant and clinker from JK Cement’s Nimbahera and Mangrol units. The new facility will help the company serve major markets like Delhi, Haryana and Punjab “more effectively and logistically,” according to a statement posted on the company’s website. |
Kesoram Industries to restructure businesses, India27 June 2014, Published under Cement NewsKesoram Industries, part of the BK Birla Group, has set up a three-member committee of directors to explore options to reorganise its businesses, including the possible hiving off of its cement unit.. Two directors of the committee are independent, the company said. There has been speculation that Kesoram, which has interests in cement, tyre and rayon businesses, may merge its cement division with group entity Century Textile's cement business. The move to realign the company's ... |
Shree granted extension for Karnataka project implementation26 June 2014, Published under Cement NewsShree Cement has been granted an extension by the state government of Karnataka for the construction of a 3Mta cement plant in the village of Kodla-Benakanalli. The Indian cement producer obtained permission to establish the integrated works in January 2010 together with a 150MW captive power plant. It purchased 5.26km2 of land directly from farmers to set up the plant and mine limestone. While Shree Cement was able to obtain environmental clearance from the Ministry of Environment a... |
CMA warns of rail freight hike26 June 2014, Published under Cement NewsThe Cement Manufacturers Association (CMA) of India has urged the Railway Board to withdraw the 6.5 per cent rail freight hike, claiming that the cement industry cannot absorb the additional burden of INR100/t (US$1.7) that the hike will bring. CMA representatives told the Railway Board that the 6.5 per cent hike, scheduled to come into effect on 25 June, would further discourage movement of cement and input materials by rail. “In the last two-and-a-half-years, the overall transportati... |
India Cements to upgrade Tamil Nadu works23 June 2014, Published under Cement NewsIndia Cements plans to upgrade and expand capacity of its cement plant in Salem, Tamil Nadu state, India. The company will optimise the existing kiln and add a new line. It has sought environmental clearance and once this is in place the project will be able to proceed, according to sources cited by Hindu Business Line. |