ACC shows 45% increase in profit for the 3Q19
India’s ACC (LafargeHolcim) saw its consolidated net profit rise 44.7 per cent YoY to INR3.03bn (US$42.25m) in the 3Q19, on the back of a three per cent climb in net sales to IN...
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Blackstone enters race for Emami Cement
Blackstone Group Inc (KKR & Co) are reported to be contemplating a bid for Indian conglomerate Emami Group and Emami Cement Ltd. Bloomberg reports that TPG Capital is also consi...
Ocean plastic: an opportunity in the circular economy? Premium
Initiatives are under way to address the global issue of plastics litter in the oceans. Norway’s SINTEF highlights the use of co-processing in the Ocean Plastic Turned into an O...
GuarantCo files a petition for insolvency against Calcom Cement
Mauritius-based GuarantCo has filed a petition for insolvency against Calcom Cement India (Dalmia Cement (Bharat)), regarding an alleged non-payment of around INR1bn (US$14m). G...
India's fuel shift to plastic waste is coming
India is making a concerted effort to divert more inorganic waste to the cement manufacturing industry as a fuel. Last week, CemNet reported that the Cement Manufacturers Associ...
India's average cement prices rise in September
All-India average cement prices increased around 3.2 per cent YoY to INR305-310/50kg bag (US$4.29-4.36/50kg bag) in September 2019. In particular, the improvement was led by a r...
NCL Industries sees 24% decline in production
India’s NCL Industries has reported a 24 per cent decline in cement production to 371,000t in the 2QFY19-20, falling from 488,000t in the year-ago period. Cement dispatches also...
Pakistan's exports to India fall 41% in FY19
Pakistan’s cement exports to India fell 41 per cent to 0.716Mt in the FY19 ended 30 June, with no exports to the country taking place between March-September. The decline is the...
CMA commits to waste management
India's Cement Manufacturers Association (CMA) has expressed its commitment towards disposal of wastes and plastics and use of alternative fuels and raw materials. Addressing th...
UltraTech Cement outlines Century 'Scheme of Arrangement'
UltraTech Cement's Board of Directors has declared the Scheme of Arrangement between Century Textiles and Industries Ltd (Century), the company and their respective shareholders...