Cement News tagged under: india
HeidelbergCement India announces appointment of chief operating officer06 June 2014, Published under Cement NewsHeidelbergCement India Ltd has informed Bombay Stock Exchange that Jamshed Naval Cooper, director (Sales & Marketing) of HeidelbergCement India Limited (HCIL) has taken over the position as chief operating officer of the company, reporting to Ashish Guha with effect from 4 June 2014. Cementrum I B.V. of Netherlands, the holding company of HCIL, has proposed the appointment of Mr Cooper as managing director of the company with effect from 1 July 2014, subject to the approval of Nomination & ... |
India: Himachal Pradesh cabinet withdraws Jaiprakash MoU30 May 2014, Published under Cement NewsThe state cabinet of Himachal Pradesh (HP) has cancelled the Memorandum of Understanding for a 2Mta cement plant planned by Jaiprakash Associate Ltd's (JAL) for failure to launch construction. The Times of India reported that the decision to withdraw the MoU, originally signed on 1 February 2007, was taken a few days ago by the Industries department. With many cement companies failing to set up their projects, the state cabinet in May last year decided to issue notices to Harish Cements, ... |
Mangalam starts production at Rajasthan unit, India29 May 2014, Published under Cement NewsMangalam Cement, part of the BK Birla Group, has started commercial production at its new cement mill in Adityanagar Morak, District Kota, Rajasthan. The 1.25Mta mill has completed trial runs and started production on 28 May 2014, the company said in a statement to the Bombay Stock Exchange. Completion of the new facility has now enhances overall cement capacity from 2Mta to 3.25Mta. The company has also been investing in increasing clinker production capabilities by 0.5Mta to take its cl... |
India Cements post fourth-quarter loss28 May 2014, Published under Cement NewsIndia Cements has swung to a loss in the final quarter of the current fiscal compared to a profit last year on weak demand and overcapacity in southern markets. The Chennai-based company reported a net loss for the January-March 2014 period of about INR31 crore, compared with a profit of INR27 crore in the comparative period of the previous year. "The southern market suffers from the capacity overhung. This is not the case with north and east. This has hurt realisations," said N Srini... |
India Cements to merge with subsidiary27 May 2014, Published under Cement NewsIndia Cements is planning to merge with its subsidiary Trinetra Cement to consolidate its operations. N Srinivasan, vice chairman and managing director of India Cements, said the merger will bring the operations under one company. "We will get the benefit of profitability of Trinetra and improve the performance of India Cements," he said. Post-merger the total capacity of India Cements would go up to 15.8Mt. India Cement currently has a capacity of 15.5Mta from seven integrated plants i... |
Orient inks project finance for greenfield plant21 May 2014, Published under Cement NewsKhaitan & Co has advised Orient Cement on loan facilities worth US$200m from a syndicate of lenders led by State Bank of India. The loan is to finance the development of a 3Mta greenfield integrated cement plant along with a 45MW captive power plant at Gulbarga, Karnataka. Partner Shishir Mehta and associate partner Kumar Saurabh Singh acted as legal advisers to Orient Cement. |
Chettinad purchases shares in Anjani Portland21 May 2014, Published under Cement NewsChettinad Cement Corporation Ltd has purchased approximately 20.58% of shares of Anjani Portland Cement Ltd from shareholders. Chettinad Cement has reportedly acquired 3784.014 shares through off market purchase for a price of INR61.75/share (US$1.05). Chettinad Cement, based in Chennai, India, announced its plans to acquire Anjani Portland Cement, based in Andhra Pradesh (AP), in March 2014. The purchase forms part of the company’s strategy to increase its presence in the AP market, situ... |
Change in the senior management of Holcim14 May 2014, Published under Cement NewsOnne van der Weijde, area manager for India until April 25, 2014, and member of Holcim senior management, leaves Holcim effective 1 June 2014, the company said in a statement. Member of the Holcim Executive Committee Bernard Terver, responsible for the Indian Subcontinent, takes over direct responsibility for the country. "Holcim thanks Onne van der Weijde for his contributions to the success of the group, especially in India, and wishes him all the best for his future endeavors," the st... |
India: cement firms need solutions to gypsum shortage09 May 2014, Published under Cement NewsAccording to a research report jointly published on 30 April by lobby group Confederation of Indian Industry and consulting firm AT Kerney, India has a scarcity of gypsum resources, which does not bode well for the cement industry. Indian cement companies are on the lookout for overseas mines to secure supplies of gypsum. Domestic gypsum supplies are now limited, say industry executives, which is forcing Indian cement makers to look for overseas mine acquisitions or alternatively consider ... |
Indian expansion for FLSmidth MAAG Gear09 May 2014, Published under Cement NewsThe first assemble and service unit of FLSmidth MAAG Gear in India was inaugurated on 28 April at the Bawal Growth Centre manufacturing unit, Rewari district, Haryana at the Delhi – Jaipur national highway. With its state-of-the-art facilities the new gearbox assembling unit follows the business and market requirements in India and neighbouring countries. “This state-of-art assembly shop confirms our highest standards in terms of equipment, operation, process and safety. A perfect base for ... |