Cement News tagged under: Indian sub-continent
Pakistan cement industry's exports fall in 7MFY22-2321 February 2023, Published under Cement NewsPakistan’s cement industry saw a negative export revenue trend on overseas dispatches in the 7MFY22-23 (July-January 2023), according to the country’s Federal Bureau of Statistics (FBS). During the 7MFY22-23, the cement industry earned US$100.63m by exporting 2.061Mt of cement and clinker, compared with US$160.92m from 4.315Mt exports in the 7MFY21-22. As a result, exports plummeted by 37.5 per cent in value, and volumes were down by 52.2 per cent. In local currency terms, export sales rece... |
Confidence Cement issues shares for two new projects20 February 2023, Published under Cement NewsBangladesh-based Confidence Cement is planning to issue convertible preference shares worth BDT1500m (US$14.2m) to invest in associate companies and to repay a portion of its long-term loans. According to The Business Standard, the shares will be converted at a 20 per cent annual rate, and in five years the preferred shares will be fully converted into ordinary shares. “The preference share proceeds will be invested in two projects,” Imran Karim, vice chairman of Confidence Cement told T... |
Bestway Cement completes Punjab brownfield line20 February 2023, Published under Cement NewsGeneral Counsel and Company Secretary of Bestway Cement Ltd (BWCL), Hassan Niazi, informed Pakistan Stock Exchange (PSX) that the company has completed the construction and installation of a brownfield line at its Hattar plant in Punjab. The bourse filling adds that Hattat Line-II has a clinker capacity of 7200tpd and the new production line commenced cement production on 17 February 2023. A last-quarter report adds that the work on the company’s greenfield cement plant of 7200... |
UltraTech Cement Co commissions new capacity in Hirmi and Cuttack17 February 2023, Published under Cement NewsUltraTech Cement Co has commissioned 1.30Mta of brownfield cement capacity at Hirmi, Chhattisgarh and 2.80Mta of greenfield grinding capacity at Cuttack, Odisha. This forms part of the on-going capacity expansion. With this commissioning the company’s total cement manufacturing capacity in India now stands at 126.95Mta. |
LafargeHolcim Bangladesh appoints new CEO16 February 2023, Published under Cement NewsThe Board of LafargeHolcim Bangladesh Ltd (LHBL) has announced the appointment of Mohammad Iqbal Chowdhury as the new CEO for the company. Iqbal Chowdhury will succeed Rajesh Surana who has been promoted to area manager of east and south africa region for Holcim Group . Iqbal Chowdhury is the first Bangladeshi CEO of LHBL. He is a widely experienced professional with a strong commercial and financial track record spanning over a 22-years career in reputed multinational companies in ... |
Burnpur Cement losses continue10 February 2023, Published under Cement NewsIndia-based Burnpur Cement Ltd has reported total income of INR349.3m (US$4.24m) in the quarter ended 31 December 2022. This compares to INR330.2m in the previous quarter and INR357.2m in the same quarter a year earlier. Over the December 2022 quarter a loss of INR207.6m was seen, compared to a loss of INR202.5m in the previous quarter, and a loss of INR53.8m in the December 2021 quarter. Cement sales over the quarter ended 31 December 2022 came in at 84.7Mt In the nine months ended ... |
Shree Cement YoY profit hit by fuel expenses10 February 2023, Published under Cement NewsShree Cement Ltd has reported total income of INR42,300.2m (US$513m) in the quarter ended 31 December 2022. This compares to INR39,374.9m in the previous quarter and INR36,618.9m in the same quarter a year earlier. Profit over the December 2022 quarter came in at INR2767.7m, up from INR1896m in the previous quarter but down from the INR4919.9m reported in the December 2021 quarter. Power and fuel expenses advanced from INR8078.m in the quarter ended 31 December 2021 to INR13,027.4m in ... |
JK Lakshmi Cement signs solar power agreement08 February 2023, Published under Cement NewsJK Lakshmi Cement on has signed an agreement with Amplus Solar to set up a 56MWp solar power plant for its Durg facility , located in Chhattisgarh. This will form part of the company's ‘Green Pahal, Behtar Kal’ campaign that creates awareness about improving energy efficiency and saving the environment . With this initiative, JK Lakshmi Cement will be able to replace 92m units with green electricity in the first year that will help reduce its CO 2 emissions by 73,000t, equivalent to ... |
UltraTech commissions 1.5Mta Odisha unit07 February 2023, Published under Cement NewsUltraTech Cement (part of the Aditya Birla Group ) has commissioned a 1.5Mta brownfield cement grinding unit in Jharsuguda , Odisha, expanding the existing works, according to The Hindu. This latest addition will take the company’s total cement capacity in Odisha to 4.1Mta and puts its total cement production capacity for India as a whole at122.85Mta. By FY22-23 UltraTech's capacity is forecast to reach 159.25Mta once all current expansion programmes are completed. |
Domestic dispatches rise and exports fall in January06 February 2023, Published under Cement NewsPakistan's total cement industry dispatches increased by 1.2 per cent in January 2023 to 4.01Mt from 3.96Mt dispatched during the same month of last fiscal year. Local cement dispatches advanced by 5.2 per cent YoY to 3.587Mt in January 2023 from 3.409Mt in January 2022. However, exports dispatches declined by 24.1 per cent as volumes fell from 551,006t in January 2022 to 418,067t in January 2023, says the All Pakistan Cement Manufacturers Association (APCMA). Moving forward, the manage... |