Cement News tagged under: Indian sub-continent

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UltraTech Cement records net sales of INR102.31bn in 2QFY21

22 October 2020, Published under Cement News

UltraTech Cement Ltd (Aditya Birla group) announced earned consolidated net sales of INR102.31bn (US$1.389bn) in 2QFY21 compared to INR94.86bn in 2QFY20. Profit after tax was INR1234m for the financial period ended 30 September 2020. On a standalone basis, net sales stood at INR98.95bn in 2QFY21 compared to INR91.23bn in 2QFY20. Profit before interest, depreciation and tax in 2QFY21 was INR26,990m and profit after tax was INR12,090m. Operating margins reached 27 per cent and for t...

Bangladesh suspends unloading of imported clinker

22 October 2020, Published under Cement News

The unloading of imported clinker and other commodities in Chittagong and Mongla ports in Bangladesh remains suspended due to an indefinite strike called by Water Transport Workers for the last two days. As a result, offloading from 20 foreign vessels laden with 0.91Mt of clinker, one vessel with 55,000t of gypsum and four ships with 224,598t of limestone at Chittagong Port is being delayed. At Mongla Port two ships were laden with clinker, one each with slag and coal cargoes are waiti...

Shiva Cement to set up new 4000tpd unit

21 October 2020, Published under Cement News

India’s Shiva Cement has announced plans to set up a new 4000tpd clinker unit and 1Mta grinding plant. The total cost of the project is expected to reach INR15.3bn (US$208.02m), with the ground-breaking ceremony expected to take place on 22 October 2020. The company also reported a net loss of INR62.6m in the quarter ending September 2020, compared with a net loss of INR62.3m in the year-ago period. Net sales declined 6.5 per cent YoY to INR52.3m, according to the Business Standard.

Samrat Cement to begin clinker production within two months

20 October 2020, Published under Cement News

Nepal’s Samrat Cement is expected to begin producing 4500tpd of clinker within two months, according to the New Business Age. Chairman of Samrat Cement, Mukunda Prasad Timilsina, confirmed that all the necessary infrastructure for the production of clinker has already been prepared. "We have brought modern machineries with German technology and skilled manpower is coming from India for this purpose," said Mr Timilsina. "We are bringing them for some time for the operation of machines." T...

JK Cement adds capacity to Katni white cement unit

20 October 2020, Published under Cement News

India’s JK Cement Ltd has successfully implemented 300,000tpa of additional white cement capacity at its facility in Rupaund, Katni, and also commenced commercial dispatches. The installed capacity at the company’s Katni white cement unit now stands at 700,000tpa.

ACC sees EBITDA rise 21% in the 3Q20

20 October 2020, Published under Cement News

India’s ACC Ltd has reported a 19.8 per cent YoY increase in consolidated profit after tax to INR3.64bn (US$49.59m) for the 3Q20, against INR3.03bn during the same period last year. Operating EBITDA also advanced 20.5 per cent YoY to INR6.71bn from INR5.57bn. Overall net sales remained flat at INR34.68bn from INR34.64bn in the July-September period last year. The company saw net sales growth of four per cent YoY in its cement segment, with sales volumes also reaching 6.49Mt from 6.44Mt...

LafargeHolcim Bangladesh posts 3% increase in net sales

16 October 2020, Published under Cement News

LafargeHolcim Bangladesh recorded a three per cent rise in net sales during the third quarter of this year, increasing to BDT3.655bn (US$43.09m) from BDT3.558bn in the 3Q19. "Our efforts on health, cost and cash have ensured that we stay focused during the crisis while our fast progress on digital helped us being effective in the market place" said Rajesh Kumar Surana, CEO and country representative. Profit after tax advanced 71 per cent to BDT654m for the 3Q20, compared to BDT381m in ...

Dalmia Cement announces CFO resignation

15 October 2020, Published under Cement News

India’s Dalmia Cement (Bharat) has announced the resignation of Jayesh Nagindas Doshi from the position of whole-time director and chief financial officer. The board has approved to relieve Jayesh Doshi from the closure of business hours on 31 October 2020.

Premier Cement sets date for production at new units

14 October 2020, Published under Cement News

Bangladesh’s Premier Cement is yet to begin production at two of its new manufacturing units despite being fully-prepared in March, as a few key foreign experts and employees could not return to Bangladesh due to the COVID-19 pandemic. "We could not start production within the stipulated time due to the absence of some technical experts and workers from China and Denmark," said Mohammed Amirul Haque, managing director. After operating on a trial basis for a month, the units were schedu...

MI Cement Factory postpones expansion plan

12 October 2020, Published under Cement News

The MI Cement Factory Ld (MICFL) in Bangladesh informed the Dhaka Stock Exchange (DSE) on 11 October that the Board of Directors of the company, have approved the postponement of setting up the sixth cement unit in central Bangladesh. They cited as reason the severe negative impact of COVID-19 on the Bangladeshi cement industry. Earlier in January 2019, the company announced its plan to expand its daily production capacity by 76 per cent to 19,400t with the introduction of the sixth m...