Cement News tagged under: Indian sub-continent

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Ambuja Cements reports 12% increase in net profit

13 July 2020, Published under Cement News

India’s Ambuja Cements reported a 12 per cent YoY rise in consolidated net profit to INR5.54bn (US$73.73m) for the quarter ending 31 March, with sales volumes falling 10 per cent to 5.77Mt. The company also noted that its greenfield expansion project at Marwar Mundwa, Rajasthan, is on schedule and expected to commence operations by next year. Elsewhere, Ambuja Cements is set to digitise its entire supply chain to improve visibility and optimise cost going forward, announced Martin Kriegne...

Bureau of Indian Standards issues first licence for microfine OPC production

09 July 2020, Published under Cement News

The Bureau of Indian Standards (BIS) has granted the country’s first licence for the manufacture of microfine ordinary Portland cement and ultrafine ground granulated blastfurnace slag (GGBS) to Counto Microfine Products. The company is a joint venture between Ambuja Cements and Alcon group and has one of the largest manufacturing facilities for microfine materials in Goa. The Goan firm will now be able to produce and sell the products with an assurance on the quality and reliability of th...

DG Khan Cement wins export orders from the Philippines

09 July 2020, Published under Cement News

DG Khan Cement Company Ltd has procured cement export orders from the Philippines. The order was confirmed by a Pakistan government adviser. "Congratulations to DG Khan Cement for making a breakthrough in winning orders for export of cement to the Philippines. This follows on their success in China," said Adviser to Prime Minister on Commerce, Abdul Razak Dawood, in a tweet on Wednesday. "Once market reach extends, then market share will increase. Increasing geographical diversification i...

UltraTech Cement's subsidiary to sell entire stake in Shandong Binani Rongan Cement

08 July 2020, Published under Cement News

India’s UltraTech Cement has announced that its Krishna Holdings subsidiary will sell its entire stake in Shandong Binani Rongan Cement Co for a value of US$120m. "Krishna Holdings Pte Ltd, incorporated in Singapore and a subsidiary of the company’s wholly-owned subsidiary UltraTech Nathdwara Cement Ltd, has informed that it has entered into a binding agreement for divesting its entire equity shareholding of 92.5 per cent in Shandong Binani Rongan Cement Co Ltd," stated the company. Shan...

Cement exports from Bangladesh record a 12% fall in FY19-20

08 July 2020, Published under Cement News

Bangladesh's cement industry has earned export revenue of US$9.14m in the FY19-20 (July 2019-June 2020), compared to US$10.41m bagged in 12MFY18-19, a significant contraction of 12.2 per cent YoY. The export 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 -13 per cent, underperforming when compared with the FY19-20 government target.The EPB had set a lower export target f...

ACC Ltd's net sales rise 6%

08 July 2020, Published under Cement News

ACC Ltd (LafargeHolcim) held its 84th AGM on 6 July via video conference and reporting its net sales in 2019 increased by six per cent to INR153.43bn (US$2.04bn) and its premium range of cement products delivered strong double-digit volume growth. ACC's ready-mix concrete business with a total of 90 plants continued to record strong growth of 12 per cent in volume terms and 13 per cent revenue growth over previous year. Focussed cost reduction initiatives resulted in operating EBITDA impro...

Pakistan cement records a 2% uptick in dispatches in FY20

07 July 2020, Published under Cement News

Pakistan’s cement industry during the FY19-20 (July 2019-June 2020) recorded a rise of two per cent to 47.81Mt in total cement dispatches from 46.88Mt in FY18-19. All Pakistan Cement Manufacturers Association (APCMA) attributed this growth to the strengthening of higher export growth, which reached 19.8 per cent with exports surpassing the 7Mt mark after a long time. However, the domestic consumption contracted by almost one per cent during this fiscal year, the first such decline in the las...

JSW Group reportedly set to reduce imports from China

02 July 2020, Published under Cement News

Parth Jindal, managing director of JSW Cement, has announced on social media that JSW Group plans to reduce its net imports from China. "The JSW Group have a net import of US$400m from China annually and we pledge to bring this down to zero in the next 24 months," said Mr Jindal. In the comment, Mr Jindal referred to the clash on the border of both countries, which took place earlier in June. JSW Cement currently imports clinker from China to supply its grinding operations. 

Andhra Cement January-March net sales down 85% YoY

02 July 2020, Published under Cement News

India-based Andhra Cement has reported standalone net sales of INR109.5m (US$1.44m) in January-March 2020, down 85.4 per cent when compared with INR749.4m in January-March 2019. In the January-March 2020 quarter the company posted a net loss of INR-543.8m while EBITDA was INR113.2m.

Power Cement begins commercial operations at 7700tpd plant

01 July 2020, Published under Cement News

Pakistan’s Power Cement Ltd has announced that its 7700tpd clinker production plant has reached its rated capacity and will therefore begin commercial production from 1 July 2020.   The company noted production levels of 450,096t and 502,541t of cement and clinker, respectively, during the 9MFY19-20. Domestic sales reached 418,757t, while cement exports were at 4372t and clinker exports at 111,800t. Overall this represents a nine per cent decline in both domestic and export sales. However,...