Cement News tagged under: Indian sub-continent
Sri Lanka sees production rise 26% in July06 October 2020, Published under Cement NewsSri Lanka’s cement production in July rose 26.3 per cent YoY to 413,000t from 327,000t last year, according to the Daily Mirror. Total domestic cement production increased 4.1 per cent to 2.056Mt during the 7M20, against 1.976Mt in the comparable period of 2019. Cement imports in July stepped down to 422,000t from 430,000t in the year-ago period.Total cement imports for the January-July period also declined 33.7 per cent YoY to 1.936Mt from 2.921Mt. However, total consumption in July a... |
Pakistan cement records rising September dispatches05 October 2020, Published under Cement NewsAll Pakistan Cement Manufacturer Association (APCMA) released the highest local and overseas dispatch figures for September 2020. Total dispatches by Pakistani cement producers during September 2020 reached 5.213Mt against dispatches of 4.273Mt in September 2019. Experts attribute September’s pick-up in cement dispatches to post-Eid break and monsoon rains last month. The export to Bangladesh and Sri Lanka also increased during this period. According to the breakdown, the domestic... |
Shree Cement plans new INR10bn plant30 September 2020, Published under Cement NewsIndia’s Shree Cement has received board approval to set up a new clinker plant in Baloda Bazar, Chhattisgarh. The unit could have a capacity up to 12,000tpd and is expected to represent an investment of around INR10bn (US$135.66m). Shree plans to finance the project through internal accruals and debt. It is expected to reach completion by the end of the 3Q22. |
Maple Leaf looks to expand WHR capacity29 September 2020, Published under Cement NewsPakistan’s Maple Leaf Cement Factory Ltd has announced plans to expand capacity at its waste heat recovery plant to 25MW from 16MW. The project is expected to be worth INR1.8bn (US$24.38m) and is likely to be financed through debt. Sayeed Tariq Saigol, CEO, stated that the company has always endeavoured to reduce production costs and increasing its electricity production through the waste heat recovery plant will aid in this. The project is expected to begin by September 2021. |
India Cements expects improvement29 September 2020, Published under Cement NewsIndia Cements’ Managing Director, N Srinivasan, has announced that the company expects an improvement in performance going forwards. "With further relaxation of lockdown measures, there are expectations of increased public spending on rural infrastructure, irrigation, road building and other projects. This, along with a pick-up in individual home building and construction, is expected to improve cement demand," said the MD. Improving conditions in its key markets, such as in Andhra Pra... |
Flying Cement appoints new director25 September 2020, Published under Cement NewsPakistan’s Flying Cement Co has announced the resignation of Waqar Zahid, a director of the company, effective from 10 September 2020. Following Mr Zahid’s departure, the company has appointed Muhammad Mubeen Khan as a new director. |
Mixed trends in export from Pakistan continued in 2MFY2024 September 2020, Published under Cement NewsAccording to Pakistan's Federal Bureau of Statistics (FBS) cement export data for July-August 2020 (2MFY20-21) showed a mix of trends. Pakistan's cement industry earned US$44.51m of export revenue by exporting 1.376Mt of cement and clinker in the 2MFY20-21, compared to US$42.14m from 1.064Mt of exports in July-August 2019. Therefore, shipping represents a 5.6 per cent jump in dollar terms and a growth of 29.35 per cent in quantity MoM. In local currency terms, the export value increased ... |
UltraTech Cement Ltd commits to GCCA's 2050 Climate Ambition24 September 2020, Published under Cement NewsUltraTech Cement Ltd, as a founding member of the Global Cement and Concrete Association (GCCA), has committed to the ‘2050 Climate Ambition’ announced by GCCA on behalf of all its member companies. The GCCA’s ‘2050 Climate Ambition’ is the member companies’ commitment to drive down the CO 2 footprint of their operations and products, and their collective aspiration to deliver society with carbon-neutral concrete by 2050. The industry is coming together to outline this important am... |
Fauji Cement sees 17% fall in net sales24 September 2020, Published under Cement NewsPakistan’s Fauji Cement has released its full annual report for the FY19-20 period, ending 30 June 2020, showing a 17.1 per cent YoY fall in net sales to PKR17.23bn (US$103.7m) from PKR20.79bn. EBITDA also declined to PKR1.79bn from PKR6.04bn in the FY18-19. The company’s operating profit dipped to PKR11.67m from PKR4.46bn in the previous fiscal year. It also saw a net loss of PKR59.38m against an PKR2.82bn profit in the FY18-19. "During the FY19-20, the cement industry faced a number of c... |
Bashundhara Group plans third production unit22 September 2020, Published under Cement NewsBangladesh’s Bashundhara Group is planning a BDT10bn (US$117.7m) investment to significantly increase its manufacturing capacity through the establishment of a third production unit. Bashundhara's daily production capacity will reach 25,000t, according to The Daily Star. The existing units produce around 14,000tpd. "Our target is to export to the Seven Sister states in India as the demand of cement in Bangladesh and India's northern states will increase rapidly in the coming days due to... |