Cement News tagged under: India
Ambuja Cements September sales and output climb, India04 October 2012, Published under Cement NewsIndian producer Ambuja Cements said sales rose 4.73 per cent to 1.55Mt in September from 1.48Mt in the same month a year ago, the company said in a statement. The company reported growth of 6.85 per cent in cement production at 1.56Mt, compared to 1.46Mt in September 2011. For the first nine months of this year, sales reached 16.37Mt, a 6.23 per cent increase compared to 15.41Mt in the same period of last year. Production, meanwhile, rose six per cent during the period to 16.38Mt from 15.4... |
Andhra Pradesh hit by declining prices and demand, India04 October 2012, Published under Cement NewsCement producers operating in the Indian state of Andhra Pradesh continue to suffer due to lower prices and demand in the region, the Economic Times of India reports. Cement prices have corrected sharply by 10 per cent over the last few weeks and are down 25 per cent on peak levels from INR300/bag. The decline in prices is attributed to new market entrants rather than seasonal effects. For example, JP Cement is selling cement at around INR201-220/bag which is INR20-30 lower than prices by l... |
ACC September cement production up 9%, India02 October 2012, Published under Cement NewsACC Ltd, part of the Holcim Group, reported that its production in September rose by nine per cent to 1.82Mt from 1.67Mt in the same month of 2011. Dispatches reached 1.80Mt, compared with 1.73Mt, an increase of four per cent. For the first nine months of this calendar year, cement production stood at 18.28Mt compared with 17.76Mt in the corresponding period last year, an increase of three per cent. Meanwhile, cement dispatches were 18.22Mt, up by two per cent from 17.79Mt in January-Septe... |
Pakistan cement export volumes fall 20.8% YoY01 October 2012, Published under Cement NewsDuring the first two months during FY12-13, Pakistan exported 1.154Mt of cement and earned US$91.356m compared to 1.457Mt at US$75.891m in corresponding period last year. This shows that cement export fell by 20.79 per cent in terms of quantity but rose by 20.38 per cent in terms of value in dollar over corresponding period last year respectively, according to data released by Pakistan's Federal Bureau of Statistics. However, in terms of Pakistani currency, exports rose 31.69 per cent du... |
BAI of India seeks government intervention for land acquisition process01 October 2012, Published under Cement NewsThe Builders Association of India (BAI) plans to seek government intervention to address pertinent issues such as land acquisition, environmental clearances and reforming the existing labour laws, according to the Times of India. The two-day meet which concluded on Saturday particularly stressed on the need to expedite the process of land acquisition and getting clearances to prevent delaying projects. The meet included the participation of nearly 700 builders from 265 branches of the assoc... |
Dalmia Bharat to buy Adhunik Cement for INR5.60bn28 September 2012, Published under Cement NewsDalmia Bharat Enterprises Ltd said Friday it has signed an agreement to acquire Adhunik Group's cement unit for about INR5.60bn (US$106.3m). Under the deal, Dalmia Cement Bharat Ltd. will acquire Adhunik Cement Ltd., the company said in a regulatory filing. Adhunik Cement sells cement under the Adhunik MSP brand and has a manufacturing facility with a capacity of 1.5Mta in the Jaintia Hills of Meghalaya, a northeastern state in India, according the Adhunik Group website. Steel maker ... |
Ambuja Cements wins safety awards27 September 2012, Published under Cement NewsAmbuja Cements has won two national awards for safety at its Rabriyawas plant in Rajasthan. The company bagged the first prize for its good performance in industrial safety and was runner-up in the category, ‘Accident Free Year.’ This is for the second consecutive year that the plant has won the National Safety Awards, according to The Hindu Business Line. The awards have been instituted by the Union Ministry of Labour and Employment in 1965. Ajay Kapur, CEO, Ambuja Cements, said safe... |
India’s cement transport by rail falls 11.8 per cent26 September 2012, Published under Cement NewsA rise in freight charges has seen a drop in cement volumes carried by Indian Railways. In August, cement volumes carried by rail fell 11.8 per cent YoY to 7.52Mt as rail fares saw an increase of as much as 24 per cent. The Cement Manufacturers Association (CMA) said the decline was prompted partly by the rise in freight rates, although the general decline in the cement market also contributed. In addition, the cargo does not have to be transported across long distances. "Today, a la... |
Indian cement prices slip due to delayed monsoons26 September 2012, Published under Cement NewsLow cement demand in India has put a downward pressure on cement prices across the country, correcting them by around INR7-10 (US$0.13-/0.19)/bag since Monday. Construction activities have not picked up yet due to delayed monsoons but the industry is hopeful of Maa Durga’s blessings as it expects the festival will lead to an improved sentiment amongst consumers and hence, better sales. An official from Ambuja Cement said, “During monsoon prices get corrected but as demand starts picking u... |
Fourth terminal for Cochin Port, India25 September 2012, Published under Cement NewsIndia’s Cochin Port Trust (CPT) plans to set up a fourth cement terminal in Willingdon Island. The new terminal, with a capacity of 100,000t, will be built in response to demand from major cement companies and will be located on 3.19ha of leased land at the north side of Mattanchery wharf. “The interest shown by companies to set up and operate terminals indicates a positive change in attitude towards investment in the port sector, especially in Kochi. It may be noted that there has not... |