Cement News tagged under: Indian subcontinent

RSS feed

Pakistan cement sales expand 2% in February

04 March 2021, Published under Cement News

Total cement sales in Pakistan edged up two per cent YoY to 4.6Mt in February 2021, showing sharply decelerating market growth when compared with January, when the market expanded by 16.3 per cent. The drop in sales was attributed by the All Pakistan Cement Manufacturers Association (APCMA) to a considerably drop in export sales, which fell to 18.2 per cent YoY to 753,444t – the fourth-consecutive monthly decrease. Domestic sales in February 2021 increased by 6.1 per cent YoY to nearly 4...

Birla Corp appoints new CEO

02 March 2021, Published under Cement News

The board of India’s Birla Corp has approved the appointment of Arvind Pathak as its new CEO and managing director for a period of three years, effective from 31 March 2021. The current CEO, Pracheta Majumdar, is expected to continue as the chief management advisor. Mr Pathak has 36 years of experience in the cement industry, having held management positions for over 14 years in various organisations, including ACC, DCP, Adani and Reliance ADAG group, according to Birla Corp.

Dewan Cement sees 77% fall in turnover

23 February 2021, Published under Cement News

Pakistan’s Dewan Cement Ltd has seen a 76.5 per cent YoY decline in net turnover to PKR948.17m (US$5.97m) for the first half of the FY20-21, compared with PKR4.04bn in the year-ago period. The company’s net loss has also expanded to PKR382.71m from PKR172.75m. In the 2QFY20-21, net turnover fell 58.5 per cent YoY to PKR931.64m while its net loss reached PKR266.59m in the quarter.

Indian demand picks up as industry awaits improved prices

22 February 2021, Published under Cement News

Cement demand in India is improving, but prices have not recovered as yet, according to Motilal Oswal Financial Services (MOFS). Demand has been robust in February, led by the continued healthy demand in the north, east and central India as well as the recovery seen in the west of the country. However, the southern region has seen weak demand, although there has been a strong QoQ uptick in Andhra Pradesh and Telangana. "Our channel checks indicate the seasonal uptick in demand is playing...

DG Khan Cement sees 161% rise in profit

22 February 2021, Published under Cement News

Pakistan’s DG Khan Cement recorded a 160.8 per cent surge in profit to PKR1.3bn (US$8.17m) for the quarter ending 31 December 2020, compared with PKR500.7m in the year-ago period. The increase has been attributed to a rise in retention prices and falling maintenance and repair costs. Sales declined 4.2 per cent YoY to PKR12.3bn from PKR12.9bn in the 2QFY19-20. Cement offtake also decreased seven per cent to 2.08Mt.

Fauji Cement sees sales up 15% YoY

22 February 2021, Published under Cement News

Pakistan’s Fauji Cement has seen a 378 per cent rise in profit to PKR905.2m (US$5.69m) for the October-December 2020 period, supported by higher retention prices. Sales also advanced 15 per cent YoY to PKR6.1bn against PKR5.3bn in the 2QFY19-20. Cement dispatches fell two per cent YoY to 914,000t.

Power Cement records surge in revenue

18 February 2021, Published under Cement News

Pakistan’s Power Cement Ltd has seen its revenue surge to PKR6.85bn (US$43.1m) in the first half ended 31 December 2020, compared to PKR1.24bn in the year-ago period. Gross profit returned to a PKR1.69bn profit from a PKR345.6m loss in the 1HFY19-20. Net profit after tax reached PKR68.79m from a PKR365.8m loss.

ACC posts 73% YoY rise in net profit

12 February 2021, Published under Cement News

India’s ACC (LafargeHolcim) has reported a 73 per cent rise in net profit to INR4.72bn (US$64.82m) in the December quarter, compared to INR2.73bn in the year-ago period. Revenue advanced two per cent YoY to INR40.66bn from INR39.7bn, while EBITDA increased 30 per cent YoY to INR7.01bn. Cement sales volumes were largely flat at 7.71Mt from 7.76Mt in the October-December 2019 period. "We are encouraged by the government's increased spending on infrastructure development, particularly roa...

Mangalam Cement posts 201% rise in net profit

08 February 2021, Published under Cement News

India-based Mangalam Cement reported standalone net profit of INR374.5m (US$5.1m) for the quarter ended 31 December 2020, a 201.1 per cent advance when compared with the equivalent period in 2019. Net revenue increased by 10.2 per cent YoY to INR3.4049bn in the last quarter of 2020 from INR3.0904 in the corresponding quarter of the previous year. Operating expenses declined by 2.3 per cent YoY to INR2.621bn during the October-December 2020 quarter from INR2.682bn in the year-ago period....

ACC has groundbreaking ceremony at Kymore

08 February 2021, Published under Cement News

ACC carried out the groundbreaking ceremony of its 2.7Mta integrated plant with a 1Mta grinding unit at Ametha in Kymore, Madhya Pradesh, India, on 6 February 2021. The line has a 9500tpd kiln with precalciner and a 15MW waste heat recovery system (WHRS). The generation of sustainable power through the WHRS is expected to reduce energy consumption of fossil fuel-based grid power and lead to a reduction in CO 2 emissions of 140,000tpa. In addition, the project will create over 5000 direc...