Cement News tagged under: india
India: JK Cement quarterly results08 August 2016, Published under Cement NewsCompared to its performance in the corresponding quarter last year, JK Cement Ltd reported significant growth in both net profit and net sales. The company reported a standalone net profit of INR608.5m (US$9.1m)for the quarter ended 30 June 2016, in comparison to just INR10.5m (US$157,275) last year according to a BSE filing made by JK Cement. The company’s net sales increased to INR8.87bn (US$132.8m). JK Cement is the second-largest manufacturer of white cement in India, with a capaci... |
Pakistan cement exports down 27.6% in FY15-1629 July 2016, Published under Cement NewsPakistan's cement industry exported 5.97Mt of cement in FY15-16, which represents a fall of 22.3 per cent YoY, according to the Pakistan Bureau of Statistics. The bureau attributes the decline to contracting demand and competition among other issues. In terms of value, exports during July 2015-June 2016 saw a 27.6 per cent YoY decrease from US$443.63m to US$321.29m. The average price of cement also fell to US$53.75/t from US$57.64/tt during this period. In June 2016, 394,905t of ce... |
India: UltraTech purchases more coal linkages27 July 2016, Published under Cement NewsUltraTech Cement has won an auction for 95,000t of coal from Junadhi Mines in Chhattisgarh. The rights to use the coal are being sold off as part of a wider exercise within the Indian coal industry. UltraTech will pay INR1050/t (US$15.60/t) for the coal. |
India: Emami plans national presence27 July 2016, Published under Cement NewsEmami Cement Ltd, part of the Emami Group, announced its plans to expand on a national scale over the next 5-7 years, with intentions to open plants in areas such as Rajasthan and Karnataka, India. Company Director Aditya Vardhan Agarwal said operations have already begun at its clinker plant at Chhattisgarh. "The plant produces clinker of 4Mta. 5Mta of cement could be produced with this 4Mta of clinker," he said, adding that the clinker will be transported to new plants in Panagarh, West... |
India: Lakshmi Cement gets green light to expand Sirohi limestone mine26 July 2016, Published under Cement NewsLakshmi Cement has been given environmental clearance to expand its opencast limestone mine in the Sirohi district of Rajasthan. Under the proposals, the mine’s capacity will be expanded from 8 to 13Mta. The firm had originally applied for permission for the project in March 2013, but environmental clearance was not given until July 2016. Work on the 390.625ha site is expected to commence immediately. |
India: fresh calls for Kerala to control rising cement prices25 July 2016, Published under Cement NewsThe price of cement in Kerala – which has reached up to INR430/bag (US$6.40) – has again provoked calls for the state government to intervene, reports the Hindu. The newspaper quotes a cement dealer in Kochi who claims that cement prices in Kerala are INR200 higher than in other parts of India. While companies had not raised prices, they have stopped offering discounts to dealers, the Hindu’s source told the newspaper. “The cement companies have stopped providing the benefits that were... |
Pakistan: cement demand to grow 8% in run-up 201822 July 2016, Published under Cement NewsThe Pakistani demand for cement during the ongoing FY16-17 and next financial year FY17-18 is expected to grow at a rate of eight per cent annually. This follows the government showing a strong commitment towards the China Pakistan Economic Corridor-led infrastructure development and its higher allocation of funds, up to 20 per cent of the PKR1.675trn (US$15.98bn) to the Public Sector Development Programme for the year. FY15-16 saw double-digit growth in industry dispatches. The strong do... |
LafargeHolcim receives go-ahead for Indian streamlining21 July 2016, Published under Cement NewsIndia’s Cabinet Committee on Economic Affairs has given its blessing to LafargeHolcim’s proposals to simplify the structure of its remaining operations in the country. The company is now awaiting the formal sign-off of the Foreign Investment Promotion Board, but this is expected shortly. Under the proposals, LafargeHolcim will increase its stake in Ambuja to 61.14 per cent, while Ambuja itself will take a 50.05 per cent stake in ACC. Thus, ACC will become a subsidiary of Ambuja, which its... |
India: ACC's Jamul clinker plant starts up21 July 2016, Published under Cement NewsACC, part of LafargeHolcim group, has started commercial production of its new 2.79Mta clinker plant at Jamul, Chhattisgarh, India. “We are pleased to announce commencement of commercial production from our new state-of-the-art 2.79Mta clinker facility at Jamul, located in Chhattisgarh with effect from 19 July,” the company said in a regulatory filing. Part of this integrated project, the two new cement grinding facilities, one each at Jamul and Sindri in Jharkhand, are expected to be c... |
India: Shree Cement to invest INR5bn in 2Mta grinding plant20 July 2016, Published under Cement NewsShree Cement will invest INR5bn (US$74.4) in a new 2Mta grinding unit in Sarai Kale Karasawa, Jharkhand, India. The company entered a memorandum of understanding with the Jharkhand government in an investor meet on 20 July relating to the project, which is located in the fastest-growing state in eastern India. |