Cement News tagged under: Indian sub-continent

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UltraTech Cement Ltd commits to GCCA's 2050 Climate Ambition

24 September 2020, Published under Cement News

UltraTech 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 sales

24 September 2020, Published under Cement News

Pakistan’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 unit

22 September 2020, Published under Cement News

Bangladesh’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...

High Court orders removal of Birla Corp director

21 September 2020, Published under Cement News

India’s Calcutta High Court has restricted Harsh Vardhan Lodha from holding any position in MP Birla Group companies with immediate effect. As a result, he will no longer be the chairman of Birla Corp Ltd. The decision will reportedly be appealed by the company, according to the Business Standard. "Shareholders elected Harsh Varshan Lodha as a director of Birla Corp with an overwhelming majority of 98 per cent. Mr Lodha being otherwise not disqualified from holding the office of director...

Sri Lanka cement production and imports see sharp rise in June

16 September 2020, Published under Cement News

Sri Lanka's cement production and imports recovered in June by 42.6 per cent YoY, according to Central Bank data. In June cement imports also grew by a record 58.9 per cent YoY to reach 404,000Mt, overtaking domestic cement production, which increased by 28.3 per cent YoY to reach 370,000Mt. June was the first month of this year to record a positive growth in cement imports. Sri Lanka’s domestic cement production and imports had fallen by over 40 per cent YoY since March this year. In ...

Bestway reports 31% drop in FY19-20 turnover

16 September 2020, Published under Cement News

Pakistan-based Bestway Cement reported a gross turnover of PKR63.7bn (US$383.4m) in the financial year ended 30 June 2020, down 19 per cent YoY when compared with PKR79bn in FY18-19. Net turnover fell 31 per cent from PKR53.6bn to PKR37.1bn. Gross profit for the year decline from PKR16bn in FY18-19 to PKR1.1bn in FY19-20. Profit after tax dwindled to PKR0.5bn from PKR10.1bn in the previous financial year. The declining results have been attributed by a significant drop in prices, a substan...

Ramco Cements installs new 9MW WHR unit

14 September 2020, Published under Cement News

India’s Ramco Cements has commissioned a 9MW waste heat recovery unit at its Jayanthipuram cement plant in Andhra Pradesh. Two more 9MW waste heat recovery systems are being installed at Jayanthipuram and are expected be commissioned in the coming months. "The installation of waste heat recovery systems in our plants will help us reduce the power cost. Besides savings in power cost, it also reduces CO 2 emission substantially, which will have a positive impact on the environment," said A...

Maple Leaf Cement Factory Ltd posts PKR3.6m loss

14 September 2020, Published under Cement News

Pakistan’s Maple Leaf Cement Factory Ltd (MLCF) has reported a loss of PRK3.559m (US$226.3m) for the year ended 30 June 2020. Brokerage Arif Habib Ltd in a report said, “Topline of the company witnessed a dip of 21 percent YoY to PKR6bn in 4QFY20 as its dispatches tumbled 20 per cent YoY to 1.02Mt tagged with lower retention prices in the region.” In FY20 revenue reached PKR29.11bn, up 12 per cent YoY as lower retention prices offset the impact of a 41 per cent YoY hike in sales to 5.163M...

Mangala Cement Udyog told to withdraw product from market

14 September 2020, Published under Cement News

Nepal Bureau of Standards and Metrology (NBSM) has barred Mangala Cement Udyog from selling certain products after they failed to meet the quality standard. During a market inspection, NBSM found Mangala Cement Udyog's PPC Ohm Mangala cement defective. According to NBSM officials, the collected specimen of cement had a compressive strength of 14MPa for three days and 19MPa for seven days. The NBSM-prescribed standards for the products are 16MPa and 22MPa, respectively. According to the NB...

India Cements begins transporting fly ash by rail

11 September 2020, Published under Cement News

India Cements’ plant in Chilamkur, Andhra Pradesh, has started loading wet fly ash for another plant in Vishnupuram, Telangana. This marks the first time that fly ash is being loaded by railways from this plant, as the company used to transport the material through roadways. Freight customers currently receive a 40 per cent concession on the normal tariff rates (NTR) if they load fly ash either in bagged or in loose/bulk condition through open wagons.