Cement News tagged under: Indian sub-continent

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Pakistan cement production witnessed a mixed trend in FY19-20

13 August 2020, Published under Cement News

The output of Pakistan's large-scale manufacturing industries (LSMIs) declined by 10.2 per cent in the previous fiscal year, FY19-20, compared to FY18-19, as almost all of the major manufacturing sectors posted negative growth, according to the data released by the Pakistan Bureau of Statistics (PBS). According to provisional quantum index numbers of large-scale manufacturing industries (QIM), the LSMI output declined by 7.7 per cent in June 2020, compared to June 2019, and increased by 16.8...

Star Cement reports 36% fall in total income

13 August 2020, Published under Cement News

India’s Star Cement has reported a 36.4 per cent YoY fall in total income to INR2.98bn (U$39.77m) in the first quarter of the FY20-21, compared with INR4.68bn in the year-ago period. The company’s net profit also decreased 48.4 per cent YoY to INR433m from INR838.8m in the year-ago period.

Shree Cement sees 14% fall in net profit

12 August 2020, Published under Cement News

India’s Shree Cement has seen a 13.5 per cent YoY fall in net profit to INR3.3bn (US$44.17m) for the June quarter of FY20-21, compared with INR3.82bn in the year-ago period. Revenue also declined 24 per cent to INR24.8bn from INR33.02bn. However, expenses also decreased 25 per cent to INR21.63bn due to lower raw materials costs. The company’s EBITDA dropped 22 per cent YoY to INR7bn, while EBITDA/t finished at INR14.22bn.

Bangladesh's raw material imports decline 13%

11 August 2020, Published under Cement News

The value of raw material imports for Bangladesh’s cement industry fell almost 13 per cent YoY to BDT64.81bn (US$764.1m) in the FY19-20, on the back of a stagnation in construction activities due to the COVID-19 pandemic. Businesses imported 18.6Mt of cement clinker, granulated slag, limestone flux and gypsum in the last fiscal year, down from 20.99Mt a year ago, according to the Chattogram Custom House. Most of the materials came through the Chattogram port from Thailand, Vietnam and Chin...

Birla Corp to expand Durgapur grinding unit

10 August 2020, Published under Cement News

India's Birla Corp, owned by MP Birla Group plans to expand the existing capacity of its grinding plant at West Bengal’s Durgapur by installing an INR725.7m (US$9.69m) cement grinding unit. The company said that the demand of premium slag-based cement in the eastern region is expected to be robust and therefore, it would require extra grinding capacity. "The board of directors of the company at their meeting held today approved the proposal to carry out the expansion of existing capacity of...

Cement export from Bangladesh begins in July

10 August 2020, Published under Cement News

Bangladesh's cement industry has earned export revenue of US$0.53m in July 2020, the first month of FY20-21, compared to US$0.66m bagged in July 2019. The weak start at the beginning of the new fiscal year reflects the fall in exports by 20 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 37 per cent, underperforming when compared wit...

Dalmia Bharat posts 24% YoY increase in net profit

07 August 2020, Published under Cement News

India’s Dalmia Bharat has reported a 23.7 per cent YoY rise in consolidated net profit to INR1.88bn (US$25.08m) for the quarter ending June 2020, compared with 1.52bn in the year-ago period. However, revenue from operations declined 22.2 per cent to INR19.74bn from INR25.37bn. "Despite the challenges posed by COVID-19, the company once again delivered a strong performance and achieved an EBITDA of INR1675/t during this quarter," said the company. "The same is the highest ever EBITDA achie...

Mangalam Cement commissions 11MW WHR plant

07 August 2020, Published under Cement News

India’s Mangalam Cement has fully commissioned its 11MW waste heat recovery unit at its plant in Morak, Rajasthan. It had initially put 5.15MW of capacity into operation on 15 January 2020 with the remainder set to be commissioned in the 4QFY19-20. However, this plan was delayed by the COVID-19 pandemic.

JK Lakshmi sees 13% rise in net profit

07 August 2020, Published under Cement News

India’s JK Lakshmi Cement posted a 12.9 per cent increase in net profit to INR446.4m (US$5.96m) for the 1QFY20-21, compared with INR395.4m last year. However, it noted that sales volumes were severely impacted by lockdown restrictions. Sales saw a 21 per cent decline to INR8.25bn from INR10.42bn in the 1QFY19-20. EBITDA was also down 14 per cent YoY to INR1.52bn. The company noted the importance of cost savings in improving its operating margins. "To reduce the power cost, the company ...

Exports of cement from Pakistan rise during July 20

05 August 2020, Published under Cement News

All Pakistan Cement Manufacturers Association (APCMA) has issued official dispatch data for July 2020, adding that the new fiscal has started well for the cement sector as the shipments increased by 37.8 per cent from 3.512Mt in July 2019 to 4.838Mt in July 2020 on the back of buoyant export and domestic demand. This is a significant improvement on the two per cent growth in dispatches in FY19-20, which was driven by export demand, according to APCMA. Domestic demand slipped by 0.9 per cent ...