Cement News tagged under: India
Indian producers eye price increase06 June 2013, Published under Cement NewsWith Indian consumption showing some signs of improvement local producers are looking to raise prices ahead of the impending monsoon season. According to sources cited by DNA India, prices are expected to rise by at least INR10/bag to possibly INR15/bag. Monsoon rains are due in June and traditionally supress construction activity until September/October and therefore cement companies generally increase prices before monsoon sets in. At the start of 2013, the average price of a 50kg ce... |
Pakistan monthly dispatches fall on transportation issues05 June 2013, Published under Cement NewsPakistan saw a rise in total dispatches for the first 11 months of the current fiscal but May 2013 sales declined by one per cent largely due to transport issues. For the first 11 months of the current fiscal, sales reached 30.552Mt compared to 29.495Mt, representing a YoY rise of 3.5 per cent. Capacity utilisation has reached 74.45 per cent, its highest level since 2006-07 as domestic dispatches have picked up appreciably through the year. However, exports between July 2012 - May 2013 we... |
Vasavdatta Cement signs alternative fuel MoU agreement, India05 June 2013, Published under Cement NewsVasavdatta Cement, which operates a cement plant in the southwest Indian state of Karnataka, has signed an agreement with neighbouring Goa's State Pollution Control Board to use plastic waste generated across the state as an alternative fuel. According to reports by the Economic Times, State Environment Minister Alina Saldanha said after the signing of the Memorandum of Understanding, that the plastic waste collected from the highways and other internal roads would be baled before being h... |
JK Lakshmi to rehabilitate Udaipur Cement unit, India03 June 2013, Published under Cement NewsJK Lakshmi is in the process of revamping a unit belonging to Udaipur Cement, as part of the company's move to increase capacity. “We are in the process of taking over a 1.3Mt unit. More than INR100 crore has been invested [in the unit]” Shailendra Chouksey, Whole-time Director, told Business Line. In November 2003, Udaipur Cement was referred to the Board for Industrial and Financial Reconstruction (BIFR), a central government agency whose objective is to determine the health of industri... |
Malabar Cements to construct new mill, India03 June 2013, Published under Cement NewsMalabar Cements Limited (MCL), a full-owned undertaking of the state government of Kerala, plans to construct another cement mill at Walayar to double its production capacity from the current 50,000tpa. A Padmakumar, managing director of Malabar Cements Ltd told the New Indian Express that the operating lifespan of the Pandarathu mines at Walayar is reported to be 16 years. “Therefore, we proposed to either purchase domestically from public sector units or import half the limestone so that... |
Reliance Infrastructure second plant set for September commissioning22 May 2013, Published under Cement NewsReliance Infrastructure is planning to commission its second cement plant by September this year. The new unit, which will have an annual capacity of 5Mt is being constructed in Maihar, Madhya Pradesh. Speaking on the company's new plant and future expansion plans, Lalit Jalan, chief executive officer of Reliance Infrastructure, said: We plan to take our overall capacity to 20Mta and commission the second plant in Maihar, Madhya Pradesh, by September this year. The company’s vision is ... |
HeidelbergCement India sells grinding unit to JSW Group22 May 2013, Published under Cement NewsHeidelbergCement India has sold its 0.6Mta grinding facility in Raigad, Maharashtra, to the JSW Group, the company has informed the Bombay Stock Exchange. The acquisition is situated adjacent to the company’s steel plant and will allow JSW to use slag from its steel process in the grinding process. For HeidelbergCement, the disposal of cement facility is in line with company’s aim of divesting less strategic assets with lower margins to focus on more strategic and key operations in Centra... |
India Cement's net profit hit by rising production and transportation costs22 May 2013, Published under Cement NewsRising production costs and subdued demand in the southern markets has resulted in India Cements reporting a 31 per cent decline in FY13 net profit. Net profits (consolidated) fell to INR178.62 crore for the fiscal, down from INR259.86 crore last year, while revenues rose nine per cent to INR5159.47 crore from INR4631.04 crore last year. According to N Srinivasan managing director of India Cements, profit took a hit due to an increase in cost of diesel and freight charges and high cost o... |
Lafarge India receives environmental approval for Chhattisgarh expansion21 May 2013, Published under Cement NewsLafarge India has received approval from the environmental ministry to proceed a project to double capacity at its Chhattisgarh plant, a government official has said. The Indian unit of the French cement major plans to expand clinker capacity from 1.6Mta to 3.2Mta and cement capacity from 2.2Mta to 4.8Mta. Lafarge India has a cement capacity of around 8Mta from two integrated cement plants?in Chhattisgarh (Sonadih and Arasmeta) and grinding units in Jharkhand (Jojobera) and West Bengal... |
HeidelbergCement to sell stake in Indian unity to private equity investors?20 May 2013, Published under Cement NewsHeidelbergCement is reported to be in talks with private equity investors to sell a minority stake in its Indian arm, which could result in the second such deal in the domestic sector in recent weeks. Speculation is mounting that Bain Capital is conducting a due diligence to pick up around 10 per cent in Heidelberg India according to reports by The Telegraph. Other private equity investors such as Carlyle and Sequoia are also reported to be interested. Earlier this year HeidelbergCement... |