Cement News tagged under: India
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... |
Sanghi Industries to invest in logistic improvements, debottlenecking, India01 July 2013, Published under Cement NewsSanghi Industries plans to invest in the upgrading of its logistics and removing bottlenecks at its Kutch plant to drive down debt. Company director Alok Sanghi said the company will invest INR150 crore to acquire ships and setting up new terminals. Meanwhile, INR125 crore will be spent on removing bottlenecks, according to reports by Business Line India. Mr Sanghi added that the company would focus on fuel cost reductions, improved logistics and debt reduction. The company is currently... |
JK Cement aims to double capacity in 5-7 years28 June 2013, Published under Cement NewsJK Cement Ltd is undertaking several expansion projects to cement its position in the domestic as well as international markets. The Kanpur-based Indian company is setting up a 0.6Mta white cement plant at Fujairah in the United Arab Emirates and plans to add 3Mta capacity at its existing facilities in India by September 2014. According to its annual report for 2012-13 (Apr-Mar), JK Cement will also expand wall putty capacity by 0.2Mta at its Gotan plant in Rajasthan by Septembe... |
India: Century Textiles to raise capacity to 12.8Mta by end-FY1427 June 2013, Published under Cement NewsBK Birla-led Century Textiles is ramping up cement capacity to 12.8Mta by end-FY14 even as it described the present over-capacity situation as a major concern for the sector. "The (Manikgarh Unit-II of 2.8Mta capacity) plant is expected to be operational by March 2014. After expansion, the company's total cement manufacturing capacity will stand increased to 12.8Mta," Century Textiles said in its annual report. The company has around 10Mta capacity now at its four existing plant locatio... |
HeidelbergCement India cement capacity boosted by Loesche mill25 June 2013, Published under Cement NewsHeidelbergCement Group's current production capacity in India has been boosted to 6Mta, a major contribution to which was the commissioning of a split-grinding plant at Jhansi in Uttar Pradesh. The Loesche mill type LM 53.3+3 C, which was guaranteed for 215tph, is already operating at 235tph, as demonstrated during the performance test in March 2013. The clinker for the cement grinding plant is supplied by HeidelbergCement's Narsingarh unit situated in the state of Madhya Pradesh. "The o... |
India: Jaypee Cement eyes acquisition24 June 2013, Published under Cement NewsJaypee Cement (JC), the country’s third-largest producer (Jaiprakash Associates/Japyee Group), is looking at an acquisition, having recently dumped its plan to sell off its Gujarat plant. “In the near future, the group plans to expand its cement capacities via acquisitions and greenfield additions to maximise economies of scale and build on vision to focus on large-size plants from inception,” said Ashutosh Kumar, JC’s joint president of marketing. Before that, though, JC would be conce... |
India: Jaypee shelves Gujarat plant sale, eyes further expansion21 June 2013, Published under Cement NewsJaypee Cement has decided to defer plans to sell its Gujarat unit and is now looking to expand capacity through acquisitions and the construction of new plants. “We did not get the right valuation. So we have shelved plans for selling the Gujarat unit,” Ashutosh Kumar, Joint President (Marketing), Jaypee Cement told local press. “We were in discussions with some parties. But, as of now we are comfortable in terms of cash position, Kumar said. According to local reports, India’s large... |
Proposal for Nagaland cement plant, India19 June 2013, Published under Cement NewsThe state government of Nagaland, India, plans to establish a cement factory to meet local requirements and export to Southeast Asian markets. Chairman of the Nagaland State Mineral Development Corporation (NSMDC) Thomas Lotha said the proposed plant had been initiated in view of the huge economic potential of the state’s mineral deposits, according to reports by United News of India. Plans to export quantities are in line with the central government’s ‘Look East policy’ to enhance econom... |
Ambuja Cements' Rajasthan works expected by 201517 June 2013, Published under Cement NewsAmbuja Cements Ltd plans to establish a 4.5Mta cement plant in the northwest Indian state of Rajasthan by 2015. "Board approval is expected by end CY13; work at the plant site has already started – environmental clearances obtained, limestone mine ready, land acquisition process begun," Citi Research said in a note prepared on the comments of Ambuja Cements' management at the India Investor Conference organised by Citigroup on Monday. Ambuja Cements, which is 50.3 per cent controll... |
India: Sagar Cements to invest INR1200m in railway line14 June 2013, Published under Cement NewsSagar Cements Ltd will invest INR1200m |(US$20.8m) in a private railway line to improve its market reach and cut freight costs. The 7km line will connect the company’s plant, near Matampally in Nalgonda district of Andhra Pradesh, with the main railway line. Of the proposed investment of US$20.8m, INR980m (US$16.9m) is to come from debt and the remaining from internal accruals. “Completion of this line will lead to better efficiencies and savings in costs. INR200m has already been inves... |