Cement News tagged under: Indian sub-continent

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Cement stocks have outperformed in PSX lately

10 September 2020, Published under Cement News

An analyst at Intermarket Securities Ltd has reported that cement stocks listed on the Pakistan Stock Exchange (PSX) have recently outperformed and the present bull-run in cement stocks – up 82 per cent since March 2020 – has been driven by many factors. That includes good pick-up in local demand led by the private sector, anticipated commencement of Naya Pakistan Housing Scheme and the recent announcement of Karachi Package by the government, and lower input costs amid a decline in internat...

Export of cement from Bangladesh continues to shrink in 2MFY20-21

10 September 2020, Published under Cement News

Bangladesh's cement industry has earned export revenue of US$0.89m in July-August 2020 (2MFY20-21), compared to US$1.33m bagged in July-August 2019. The modest start to the financial year reflects the fall in exports by 33.1 per cent over the year-ago period. The figure also includes a minor amount of salt, stone and related products, says data of Bangladesh Export Promotion Bureau (EPB).   The export value for cement decreased by 46.4 per cent, underperforming when compared with the governm...

Chief Minister urges quicker clearance of NOCs for Punjab cement factories

09 September 2020, Published under Cement News

Chief Minister of Punjab, Sardar Usman Buzdar, chaired a meeting yesterday at the Punjab Assembly about easing the process of setting up new cement factories in the Pakistani province. The complicated and lengthy process of establishing cement factories has slowed the pace of adding new capacity in the region. The local government wants to boost investment and new job opportunities. Sardar Usman Buzdar linked the issuance of no object certificates (NOC) for establishing a cement factory wit...

Fauji Cement announces new director

09 September 2020, Published under Cement News

Pakistan’s Fauji Cement Company Ltd has announced the appointment of Imran Moid as a director of the company, with effect from 7 September 2020. Mr Moid will take the place left by the departure of Rehan Laiq. The announcement follows news of the company’s results earlier this week.

Fauji Cement posts FY2020 loss of PKR59m

08 September 2020, Published under Cement News

Fauji Cement Co Ltd declared a loss of PKR59m (US$0.355m) for the year ended 30 June 2020. The company earned PKR2.824bn in the year ended 30 June 2019. “FCCL’s topline witnessed a decline of 27 per cent YoY to PKR3.75bn during 4QFY20 led by weaker retention prices as well as an 11 per cent dip in dispatches to 705,000t (local off-take dwindled by five per cent YoY to 700,000t),” reported Arif Habib Ltd in its analysis. In FY20 the topline suffered a decline of 17 per cent YoY as lower re...

Cement dispatches in Pakistan improve in August but fall MoM

07 September 2020, Published under Cement News

Pakistan’s cement industry recorded a growth of five per cent YoY in total dispatches from 3.351Mt to 3.52Mt in August 2019.  However, a reverse trend of 27.2 per cent was noted, when compared with the figure 4.838Mt in July 2020. According to the breakdown released by All Pakistan Cement Manufacturers Association (APCMA), the local dispatches of cement in August 2020 increased by 4.8 per cent to 2.794Mt from 2.665Mt in August 2019 while exports registered an increase of 5.8 per cent, risin...

New inland waterway receives first cement consignment

07 September 2020, Published under Cement News

The first export consignment of cement from Bangladesh to Tripura, in India, through the inland waterways has been completed. A Bangladeshi barge carrying 50t of cement reached Sonamura in the northeastern Indian state of Tripura two days after setting sail from Daudkandi. The vessel, MV Premier, reached Sonamura after travelling 93km along the Meghna-Gomati river route. The Protocol for Inland Water Trade and Transit (PIWTT) was signed between India and Bangladesh in 1972 to provide inlan...

Odisha clears two cement capacity expansion projects

03 September 2020, Published under Cement News

India’s Odisha state government has cleared two proposals for the expansion of cement grinding capacities. It gave the go-ahead for JSW Cement’s 1.2Mta expansion and Jajpur Cement’s Pvt Ltd 1Mta expansion project – both are located in Kalinganagar in Jajpur. JSW will invest INR4.899bn (US$66.7m) while Jajpur Cements has allocated INR4bn for the project.

DG Khan award electrification contract to Schneider Electric

01 September 2020, Published under Cement News

Pakistan-based DG Khan Cement Co Ltd, has chosen Schneider Electric to provide a comprehensive electrification solution for the 10,000tpd Balochistan plant. The facility will use a range of smart hard- and software and services that will fully power the site as well as optimise power usage to make the works more energy efficient and sustainable. Schneider's EcoStruxure equipment is internet-of-things enabled, allowing the operations team a full view of energy usage across the factory. Ar...

FLSmidth appoints regional presidents for Australia and South America

31 August 2020, Published under Cement News

Tamer Eid has been named by FLSmidth as the company's new president for the Australia region, effective 14 September 2020. Over his career, Mr Eid has held various senior executive and technical roles in the mining and oil and gas sectors. He has also led international service businesses that directly supported the production assets of the world’s leading mining and oil and gas companies. Along with his MBA and Mechanical Engineering degree, he brings with him extensive experience within th...