Cement News tagged under: India
Shree Cement places major order with Gebr Pfeiffer09 July 2013, Published under Cement NewsKolkata-based Shree Cement has awarded Gebr Pfeiffer (Germany) and its subsidiary Gebr Pfeiffer (India) Pvt Ltd a contract for five vertical roller mills. Shree Cement is currently expanding its presence outside the Rajasthan market in the west, with the construction of a greenfield plant in the state of Chhattisgarh and a grinding plant in Bihar state to serve the east India market. The new order comprises three type MVR 6000 C-6 cement mills, each with an installed drive power of 6700k... |
India: power advantage for Madras Cements05 July 2013, Published under Cement NewsAnalysts predict that Madras Cements Ltd should record 9-10 per cent volume growth through FY14 and FY15 on the back of power generation projects, additional capacity and a gradual improvement in the cement market. Given that power comprises a significant portion of cement production costs and given Madras Cements’ presence in the power-starved southern states of Tamil Nadu and Andhra Pradesh, the new captive power source is a huge advantage for the company over its peers. The company ... |
Indian cement prices mount June recovery05 July 2013, Published under Cement NewsAll-India cement prices saw an uptrend led by price hikes across all regions in the country. The southern region saw an average price rise of INR30/bag (US$0.50), the highest among all regions, which took the all-India average June 2013 prices to INR308/bag (US$5.10) as compared to INR294/bag (US$4.86) in May 2013. In the east and west region, prices advanced by INR15-20/bag, which took average prices in the east and west region to INR333/bag and INR306/bag, respectively, for June 2013.... |
Indian capacity expansion rate to slow05 July 2013, Published under Cement NewsFaced with overcapacity, the Indian cement industry is likely to slow expansion with an extra 66Mt expected by 2015-16 amidst an expected surge in demand and price, Care Research said. "Over the past few years, cement industry has witnessed huge capacity addition. The capacity has increased from 219Mt in FY09 to 325Mt in FY13, registering a CAGR of 10.4 per cent," said Care Research, a unit of Care Rating. Given the huge surplus prevailing in the industry, the pace of capacity building w... |
Madras Cement to construct new grinding unit, India04 July 2013, Published under Cement NewsMadras Cement plans to build a grinding unit in the port city of Visakhapatnam, a port city on the southeast coast of India and the second largest city in the state of Andhra Pradesh. The company already operates two grinding facilities in Tamil Nadu and one in West Bengal. Output from the new milling unit will sold in coastal Andhra Pradesh (with Visakhapatnam being the main market) as well as in the neigbouring states of Orissa and Chhattisgarh. Completion is scheduled for the end of FY14... |
Orient Cement receives environmental clearance for new plant, India04 July 2013, Published under Cement NewsOrient Cement has received environmental clearance for its 3Mta greenfield plant in Chittapur in Gulbarga district, Karnataka, India. The plant is expected to be ready by the end of December 2015 and will increase the company’s capacity to 8Mta. Orient already operates a plant at Devapur in Adilabad district of Andhra Pradesh and a split-grinding unit at Nashirabad, in Jalgaon district of Maharashtra |
CCI approves sale of Lafarge India stake03 July 2013, Published under Cement NewsThe Competition Commission of India (CCI) has cleared the proposed 14 per cent sale of Lafarge India Pvt Ltd to Baring Private Equity Asia. "The combination is not likely to have appreciable adverse effect on competition in India and therefore, the Commission hereby approves the combination under... the (Competition) Act," CCI said in its order dated June 26. In May Baring Private Equity Asia, through its wholly-owned subsidiary Paris Cement Investment Holdings, agreed to acquire a 14.... |
Holcim to restructure Indian operations?03 July 2013, Published under Cement NewsHolcim is reportedly planning to restructure its Indian operations which could see the merger of its two local subsidiaries, ACC and Ambuja Cements. Citing various sources familiar with the situation, the Economic Times of India reported that the Swiss cement major has called on a global investment bank to evaluate various options on how the two operations could be combined. Holcim owns a 50.3 per cent stake in both ACC and Ambuja Cements, the second and third-largest cement producer in I... |
Nepal sees double-digit rise in imports03 July 2013, Published under Cement NewsCement imports to Nepal have increased by 15.5 per cent in the first 10 months of the year, according to data from the Trade and Export Promotion Centre. During the review period, Nepal imported NPR3.34bn compared to NPR2.89m in the same period of last year, despite seven new cement factories being established. According to Aatma Ram Murarka, former president of the Nepal Cement Manufacturers Association, imports rose due to ongoing development projects with foreign investors. "In the ... |
Pakistan export earnings up in 11MFY1302 July 2013, Published under Cement NewsDuring the first 11 months of fiscal FY12-3, Pakistan exported 8.013Mt of cement and earned US$524.68m, up 1.27 per cent and 17.43 per cent, respectively. These latest figures come from Pakistan’s Federal Bureau of Statistics also show that in terms of local currency, the value of exports surged by 27.51 per cent to PKR50.64bn during July 2012-May 2013. Average export prices also rose by 15.95 per cent to US$65.47/t over the 11 months of the current fiscal compared to US$56.46/t in the com... |