Cement News tagged under: Indian sub-continent
UltraTech Cement to employ Coolbrook decarbonisation technology26 May 2023, Published under Cement NewsUltraTech Cement Ltd and Coolbrook, a transformational technology and engineering company, will jointly develop a project to implement Coolbrook’s RotoDynamic Heater TM (RDH) technology in one of UltraTech’s cement manufacturing units. The RDH technology uses electrification from renewable sources for the heating processes in cement production and removes the need to use fossil fuels, thus helping to accelerate the decarbonisation of cement manufacturing. The successful implementation ... |
Low cement production in 1HFY22-23 attributed to construction downtrend26 May 2023, Published under Cement NewsLast week, the State Bank of Pakistan (SBP) released its half year report for the FY22-23 on the state of Pakistan’s economy. The analysis in the report covered all sectors, including cement, was prepared on data for the July-December 2022 period. Cement industry output The output in the cement sector contracted by 15.1 per cent during the 1HFY22-23, compared to a 0.9 per cent decline in the same period last year. According to the All Pakistan Cement Manufacturing Association (APCM... |
The KCP Ltd sees profits slide as expenses climb26 May 2023, Published under Cement NewsIndia-based cement producer, The KCP Limited , has announced standalone total income of INR4840m (US$58.5m) in the quarter ended 31 March 2023, up from INR4638.2m in the same period a year earlier. Total expenses over the same time frame have increased from INR4189.2m to INR4605.5m, driven primarily by power and fuel costs, resulting in a profit of INR147.5m in the March 2023 quarter, down from INR271.6m in the quarter ended 31 March 2022. Earnings per share have declined from INR2.11 in th... |
Tokyo Cement Group receives the Gold Medal award25 May 2023, Published under Cement NewsTokyo Cement Co (Sri Lanka) received the Gold Medal for exceptional environmentally conscious business practices in the Chemical Industries Category at the Presidential Environmental Awards 2021-22 organised by the Central Environmental Authority (CEA) last month. The award recognises the multiple sustainable industry practices adopted by Tokyo Cement Group, according to CEA’s website information. His Excellency the President Honorary, Ranil Wickramasinghe, presented the prestigious Go... |
JK Cement opts for OutSystems digitalisation platform24 May 2023, Published under Cement NewsJK Cement Ltd has adopted SYSTEME IO’s OutSystems high-performance, low-code technology as part of its strategy to digitally transform the way applications are developed and managed across the organisation. The company plans to build applications to transform sales management, land assets management and loyalty management processes. It is also looking at redefining the experience of its customers, employees and partners by building unique experiences on the OutSystems platform, the com... |
Sri Lankan government urged to reduce bagged cement prices23 May 2023, Published under Cement NewsSri Lankan cement customers are urging the government to make cement bag prices reasonable, given the appreciation of the local currency after the economic crisis in the country. Presently 50kg bag prices are hovering between LKR2500-2650 (US$8.14-8.63), according to company websites. The National Construction Association of Sri Lanka (NCASL) expressed concern over reducing a bag of cement by LKR150. It said this reduction was insufficient and the government should further reduce the cement... |
Cement export revenue totals US$150m in 10MFY22-2323 May 2023, Published under Cement NewsThe cement industry in Pakistan experienced a mixed trend in export revenue during the first 10 months of the current financial year, which runs from July 2022 to June 2023. While the amount of revenue earned in US dollars decreased, it actually improved in terms of the Pakistani rupee due to the currency's devaluation. Based on the latest data from the Federal Bureau of Statistics (FBS), the cement industry's export earnings for the 10MFY22-23 amounted to US$150.487m, with 3.242Mt of ce... |
JK Lakshmi Cement income hit by fuel expenses22 May 2023, Published under Cement NewsIndia’s JK Lakshmi Cement has reported standalone total income of INR17,466.6m (US$211m) in the quarter ended 31 March 2023, compared to INR15,152.8m in the same period a year earlier. Net profit after tax over the same time frame fell from INR1717.3m to INR973.2m as total expenses advanced from INR12,939.6m to INR16,093.9m, driven primarily by higher power and fuel costs which expanded from INR3053.5m in the quarter ended 31 March 2022 to INR4102.9m in the same period a year later. Earnin... |
DG Khan Cement to diversify into new cement export markets19 May 2023, Published under Cement NewsPakistan-based DG Khan is diversifying cement operations into new export markets, further enhancing the company's revenue mix. It recently delivered a 0.6Mt export order to the USA, according to a local research house. DG Khan Cement , which had increased its southern region capacity by 2.8Mta to 7.1Mta at its Hub plant in Balochistan in 2018, has not yet announced any capacity project during the ongoing expansionary cycle. According to AKD Securities Ltd, the industry capacity has in... |
ACC launches Bagcrete19 May 2023, Published under Cement NewsACC Ltd has launched Bagcrete, a pre-blended and high-quality concrete for all types of construction jobs. According to the company, Bagcrete was created to offer the best compressive strength (10-80MPa) and exceptional workability retention as a result of the pre-blended components being “meticulously measured to ensure uniform quality.” In contrast to traditional concrete, which requires the mixing of various components on-site, Bagcrete is a pre-blended mixture of cement, sand and ag... |