Cement News tagged under: Indian sub-continent
Ambuja Cements forms new subsidiary, ARL06 January 2023, Published under Cement NewsIndia’s Ambuja Cements has incorporated Ambuja Resources (ARL), a new wholly-owned subsidiary for the manufacture of cement and allied products, alternate fuel and power generation. ARL was incorporated on 5 January 2023 and is registered with the Registrar of Companies, Gujarat, Ahmedabad. The new subsidiary is yet to commence operations, reports Business Standard. |
UltraTech Cement selects AUMUND as project partner06 January 2023, Published under Cement NewsUltraTech Cement Ltd has again selected AUMUND India as its partner for a big project. UltraTech Cement is the leading producer of grey and white cement and ready-mix concrete in India, and is one of AUMUND India’s major and longstanding customers. Dr Pietro de Michieli, CEO AUMUND Group, together with Raju Gupta, managing director AUMUND India, led negotiations with UltraTech for the new project. Raju Gupta and Pietro de Michieli celebrate the partnership (© AUMUND)... |
INSEE Cement appoints new CEO06 January 2023, Published under Cement NewsSri Lanka’s INSEE Cement has appointed Jan Kunigk as its new chief executive officer, effective from 1 January 2023. Mr Kunigk replaces Nandana Ekanayake, who is retiring from the role of CEO but will continue as chairman of the company. Mr Kunigk has previously held the positions of executive vice president at INSEE, as well as commercial director, responsible for marketing, sales, products and solutions, innovation and external affairs. Prior to joining INSEE Cement, he worked at Hol... |
Bangladesh and Saudi Arabian JV cement plant in doubt04 January 2023, Published under Cement NewsState-owned Bangladesh Chemical Industries Corp (BCIC) has threatened to withdraw from a Saudi-Bangladesh joint venture under which a cement factory is to be built in Sylhet's Chhatak borough, Bangladesh. In a recent letter to the Ministry of Industries, BCIC has sought the pull out of the joint venture as it found irregularities, cost escalation and anomalies by their counterpart. The deal for the joint venture between the two countries was signed during Prime Minister Sheikh Hasina'... |
Ambuja Cements forms shipping subsidiary04 January 2023, Published under Cement NewsAmbuja Cements has formed a new, wholly-owned subsidiary called Ambuja Shipping Services Ltd (ASSL). The company has been incorporated by Ambuja Cements for the business of operating ships, the company said in regulatory filing. The company has acquired 100 per cent shareholding in ASSL and the cost of the acquisition is INR10m (US$120,800), reports Mint. ASSL is incorporated in India and was registered with the Registrar of Companies, Gujarat at Ahmedabad on 3 January 2023. The new sub... |
Lucky Cement chairman passes away04 January 2023, Published under Cement NewsThe chairman of Pakistan’s largest cement producer, Lucky Cement Ltd, Muhammed Yunus Tabba, died on 2 January 2023 peacefully, according to a family announcement of the company through local media. Lucky Cement is one of Pakistan’s largest producers and leading exporters of quality cement. The company’s total production capacity (including northern and southern plants) has increased to 15.3Mta from the previous figure of 12.15Mta. Last month, in a regulatory filing, GM Finance and Compa... |
Mukul Agarwal raises stake in Sanghi Industries03 January 2023, Published under Cement NewsInvestor Mukul Agarwal has increased his stake in Sanghi Industries from 1.34 per cent in the September 2022 quarter to 1.97 per cent in the December quarter, reports The Economic Times. According to 5paisa, Mukual Agrawal’s investment style is “largely aggressive, hawking for multibaggers that are capable of astronomical returns.” His investment portfolio includes IMFL (Indian Made Foreign Liquor Co), PDS Multinationals (a leading consumer goods design, product development, sourcing, v... |
Attock Cement seeks a supply of minerals03 January 2023, Published under Cement NewsAttock Cement Pakistan Ltd has planned to outsource raw materials for its cement plant at Hub Choki in the Balochistan province from January 2023 to June 2023. The company asked the minerals suppliers to send the best quotation for the supply of 50,000t of gypsum and 75,000t of iron ore during this period. Bids are due on 10 January 2023. The company started commercial production in 1988 with a plant capacity of 2000tpd of clinker (approximately 0.6Mta). Through a series of expansions, ... |
Shares in India Cements fall due to CCI investigation28 December 2022, Published under Cement NewsShares in India Cements fell by almost five per cent to INR208 (US$2.51) on 23 December 2022 after officials from the Competition Commission of India (CCI) visited the company's office in Chennai to conduct a search. According to India Cements, “Certain officials of Competition Commission of India visited our office in Chennai at around 11:30am and are conducting a search to find out if any irregularities concerning Competition Commission have occurred.” “We clarify that we have not in... |
Work begins on Ramco Cement's expansion28 December 2022, Published under Cement NewsWork has reportedly begun on the second production line at Ramco Cement ’s grinding plant in Haridaspur , Jaipur District, Odisha, India. The US$16m expansion project will increase capacity at the plant from 0.9Mta to 1.8Mta. The company received environmental clearance for the new line in May 2022 and expects the project to be completed in the 1QFY25. |