Cement News tagged under: Indian subcontinent
Star Cement looks east for expansion04 January 2021, Published under Cement NewsStar Cement, which has a strong presence in northeastern India, is looking to the east of the country to expand its business. The company is currently expanding its capacity at Siliguri, West Bengal. The company is present in the east with 0.6Mta leased grinding capacity and the new grinding unit at Siliguri is expected to replace this supply, accelerating volume growth. Analysts forecast a utilisation rate of 60-65 per cent of the expanded capacities in FY22. Even if the new unit genera... |
BCMA expects market pick-up in 1Q2124 December 2020, Published under Cement NewsThe Bangladesh Cement Manufacturers Association (BCMA) expects cement demand to resume growth by the 1Q21. Between January-August 2020 the cement sector contracted by 7.7 per cent as the impact of the coronavirus was felt throughout the economy. “Our business suffered terribly in the first six months of 2020 and many fell into trouble,” said Md Alamgir Kabir, president of the Bangladesh Cement Manufacturers Association (BCMA). In the first five months of 2020, cement sales fell by 13 per... |
CCP finds evidence of cartelisation in Pakistan16 December 2020, Published under Cement NewsThe Competition Commission of Pakistan (CCP) has finalised an inquiry report that shows evidence of cartelisation by the cement sector, reports Dawn. The inquiry report was finalised for All Pakistan Cement Manufacturers Association (APCMA) members in the northern region of the country, as the Sindh High Court had restrained the CCP from using material collected from cement companies in the south zone (Sindh). Cement prices increased by up to INR50/bag in May, June and August 2020, accor... |
Sri Lanka sees production up 9% in 9M2014 December 2020, Published under Cement NewsSri Lanka has seen domestic cement production rise 28.7 per cent YoY to 375,000t in September. In August production was up by 17.4 per cent YoY to 392,000t. Overall, cement production increased 8.5 per cent to 2.82Mt in the first nine months of 2020, compared to 2.6Mt in the same period of last year. Meanwhile, cement imports declined 19.7 per cent in September to 300,000t from 374,000t in the year-ago period. Cumulative imports for the 9M20 fell 33.1 per cent YoY to 2.54Mt from 3.8Mt.... |
Pakistan's Ministry of Commerce proposes concessionary electricity rates11 December 2020, Published under Cement NewsPakistan’s cement sector has approached the country’s Ministry of Commerce to request that the cement sector be declared a partial export industry. The sector also proposed incentivising electricity rates to the extent of the energy consumed for production of exportable quantities of cement and clinker. The Ministry is of the view that the supply of electricity to the cement industry at concessionary rates will help reduce the cost of production, thus rendering the industry competitive in... |
CCP investigates offices of APCMA23 November 2020, Published under Cement NewsThe Competition Commission of Pakistan (CCP), as part of an enquiry launched in May 2020 to investigate the possible anti-competitive activities of cement manufacturers, carried out a search and inspection of the offices of the chairman and vice chairman of the All Pakistan Cement Manufacturers Association (APCMA) in Karachi last Thursday. Two different teams entered and searched the offices and impounded the relevant records. The enquiry into the cement sector was based on information ga... |
JK Cement WhiteMaxX is launched20 August 2020, Published under Cement NewsJK White Cement has launched a brand refresh and a new avatar that now reads 'JK Cement WhiteMaxX'. The new brand is designed to offer a contemporary and differentiated identity, while integrating a critical section of its product line under the ‘MaxX’ umbrella, according to the company. Niranjan Mishra, Business Head (White Cement Business), said: "JK White Cement has undoubtedly emerged as one of India’s most iconic and trusted brands, due to its focus on product excellence, customer orie... |
Dalmia Bharat posts 4Q net profit of INR240m16 June 2020, Published under Cement NewsDalmia Bharat reported a consolidated net profit of INR240m (US$3.2m) for the fourth quarter ended 31 March 2020. The company posted a net profit of INR2.63bn in the January-March quarter of the previous financial year, the company said in a regulatory filing. However, it cautioned against comparison of the latest results with the previous period as it has shifted to AS 116 standards from 1 April 2019. Dalmia Bharat’s revenues from operations was INR24.93bn in the 4QFY19-20, down from IN... |