Cement News tagged under: India

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Lucky Cement plans Indian plant

23 November 2012, Published under Cement News

Pakistani cement producer Lucky Cement has expressed interest in establishing a manufacturing plant in India.  “Currently, Lucky Cement is contemplating having a direct presence in India once it has achieved key understanding of the Indian market and the opportunities it may offer,” said a spokesperson. “At present, Lucky Cement is seeking guidance both from the Pakistan and Indian government authorities on the existing FDI policy.” If it is realised the investment would be a modest bu...

Pakistan’s October exports fall but 4MFY12-13 exports see rising value

22 November 2012, Published under Cement News

Pakistan’s cement producers recorded a fall in cement exports to 741,782t at US$43.68m when compared with the September figure of 745,237t at US$54.96, declines of 0.46% and 20.53%, respectively. On a YoY basis, export volumes fell 19.4% from 920,375t and 12.54% from US$49.948m in October 2011. In the first four months July-October of FY12-13, Pakistan exported 2.641Mt of cement and earned US$190m. This represents a 14.2% fall in volumes but a 17.3% rise in value compared with the 2011 eq...

IL&FS Trust Co ups stake in India’s Deccan Cement

21 November 2012, Published under Cement News

Deccan Cement reported that IL&FS Trust Company increased its stake in the Indian cement producer by 2.01% to 19.82%.  The transaction, understood to have taken place between February and November, added 1.4 lakh shares to the 1,247,000 shares already owned by IL&FS Trust Company.

NCP opposes new Samba cement plant

19 November 2012, Published under Cement News

The Indian Nacionalist Congress Party (NCP) has strongly criticised the decision of the Jammu and Kashmir government for a new cement plant in Samba district, saying that the project acquired agricultural land. "We oppose the decision of state government to acquire agricultural land to set up a cement plant in Samba," NCP state chief Randhir Singh told reporters. "This will play havoc with the health of people and have an adverse impact on the environment. …The water bodies, soil, crops, ...

Indian government deallocates coal blocks

19 November 2012, Published under Cement News

India’s Ministry of Coal has issued deallocation letters for eight coal blocks, putting into action a recent decision by the Inter-Ministerial Group.  Government has issued letters for at least eight coal blocks given to a single company or jointly,” ministry sources said. Companies affected by the measure include cement producers Grasim, Gujarat Ambuja Cement and Lafarge. The Bhaskarpara coal field was allocated to Grasim Industries while Gujarat Ambuja and Lafarge were previously awarde...

India: Kozhikode construction sector comes to a standstill

16 November 2012, Published under Cement News

India's construction sector in the Kozhikode district has come to a grinding halt with the availability of all key building materials, including cement, severely hit by indefinite strikes called by various trade and construction industry associations. Cement, crushed stone and laterite bricks have become hard to obtain due to the indefinite strike called by cement wholesalers and granite and laterite quarry owners from Thursday onwards. Cement scarcities have risen since stockists stoppe...

India: Lanco Industries to set up mini cement plant

16 November 2012, Published under Cement News

Lanco Industries Ltd's borad of directors have approved a project to erect a 300,000tpa mini cement plant with a rotary kiln at an estimated cost of US$22.7m (INR125Crore) in place of existing vertical shaft kiln. The decision was made at a company meeting held on 10 November 2012. The Lanco Industries Ltd stock was trading at INR27.25, up by INR0.70 or 2.64%.

India: cement dealers in the state will go on an indefinite strike

15 November 2012, Published under Cement News

The agitation, spearheaded by Kerala Cement Dealers Association, is likely to severely affect infrastructural development activities in the state. A ccording to the association State president Sojan Scaria, the State government had unnecessarily included cement among notified goods even when there was no shortage of cement. As a result, cement dealers have had to shoulder additional burden for procuring it. In addition, certain officials continued to demand amounts that were double the t...

Indian cement sector to add 21.2Mta by the end of 2013

14 November 2012, Published under Cement News

Project completions in India are expected to proceed at a brisk pace in the 2H12-13. In the cement sector, 21.2Mt of additional production capacity has been lined up for completion in 2012-13, of which 5.7Mt was established in the first half. The major projects targeted for completion belong to ABG Cement (3.3Mt), Vicat Sagar Cement (2.8Mt), HeidelbergCement India (1.9Mt), Cement Manufacturing Company (1.6Mt) and Century Textiles and Industry (1.5Mt).

HeidelbergCement increases revenue and operating income

08 November 2012, Published under Cement News

German cement major HeidelbergCement has reported increases revenue and operating income in for the third quarter 2012 driven by cost savings and price increases and announced significant reduction in net debt. Group revenue in the 3Q12 rose by 8.9 per cent to €3944m, driven by increasing prices, and a favourable development of exchange rates. Positive exchange rate effects supported the development of revenue particularly in North America, Asia-Pacific, as well as Western and Northern Eu...