Cement News tagged under: india
SPCB issues notice to Orissa plant, India31 January 2014, Published under Cement NewsThe State Pollution Control Board (SPCB) has issued a show cause notice to UltraTech Cement’s factory in the village of Arda, Orissa, for violating pollution norms and asked the company to respond within 15 days as to why action should not be taken against it. Residents surrounding the plant have claimed that dust emissions are causing a health hazard. Mukesh Mahalinga, regional officer of SPCB, said the notice was issued after a team of inspectors visited the plant over the 5-10 December, ... |
Zuari Cement recognised for ‘outstanding’ performance, India31 January 2014, Published under Cement NewsZuari Cement, part of the Italcementi group, has been recognised as an 'Outstanding Company’ in the Indian cement sector at the 4th EPC World Awards 2013, having previously received the accolade in 2011. Zuari Cement was rewarded for its industry performance, originality and state-of-the-art operations. The EPC World Awards acknowledge the achievements of the companies and individuals from the infrastructure, construction and real estate sectors. Over the years, EPC World Awards have evolv... |
Lafarge seeks government nod for limestone approval, India28 January 2014, Published under Cement NewsLafarge has warned that it could be forced to shut its Indian flagship plant in Chhattisgarh as limestone reserves are fast running out. The cement major is now urging the government to speed up approvals so that it can expand the area of its limestone mine in the state. "Any further delay in the clearance… will raise a huge risk on the survival of the plant operation," Lafarge India said in an appeal to the Cabinet Committee on Investment, highlighting the Union mines ministry’s inability... |
Pakistan 1H export volumes and revenue down22 January 2014, Published under Cement NewsPakistan exports declined both in terms of volume and value in the first six months of the current fiscal, data from the Bureau of Statistics shows. Cement exports totalled 4.206Mt on revenues of US$257.07m compared to 4.681Mt at US$304.31m. This translates into a 10.15 per cent decline in volume and 15.52 per cent fall in dollar value on a YoY basis. In terms of the Pakistan rupee exports were down by 7.41 per cent to PKR26.88bn over July-December 2012 period. The average export price ... |
India Ratings maintains 'stable negative' outlook on cement sector21 January 2014, Published under Cement NewsIndia Ratings has maintained a ‘stable negative’ outlook for the domestic cement sector in FY15 given the slowdown in construction and infrastructure sectors. Cement demand is expected to remain subdued with growth pegged at around 5-6 per cent in FY15, according to the research house. However, while slower infrastructure and construction activity impact growth, a number of other key drivers will help lift demand going forward. “"The growth will be supported by an expected increase in dem... |
UltraTech quarterly profit hit by subdued demand20 January 2014, Published under Cement NewsUltraTech Cement, the leading cement producer in India, reported a 38.43 per cent decline in net profit for the last three months of 2013 as sluggish demand leads to a weaker pricing environment. Net profit during the October-December quarter fell to INR370 crore compared to INR601 crore in the same period of 2012. Net sales in the three month period also declined marginally to INR4786 crores compared to INR4857 crore in the comparative quarter the year before. Domestic cement and cl... |
UltraTech director elected as new CMA president10 January 2014, Published under Cement NewsMr OP Puranmalka, Ultratech Cements whole-time director, has been elected as the new president of the Cement Manufacturers' Association (CMA) of India for the 2013-14 term. Mr Puranmalka will replace MAMR Muthiah of Chettinad Cement, CMA said in a release today. JK Lakshmi Cement whole-time director, Shailendra Chouksey, has been elected as the Vice-President of the 51-year old industry body. Speaking at the CMA's 52nd AGM, Mr Puranmalka raised concerns over the lag in the industry,... |
Pakistan exports fall in 5MFY1307 January 2014, Published under Cement NewsDuring the first five months of FY13-14, Pakistan exported 3.749Mt of cement on foreign exchange revenues of US$225.30m, down 0.44 and 8.03 per cent YoY in terms of volume and value, respectively. However, on a more positive note, in local currency terms, Pakistan producers and exporters saw growth of 0.93 per cent to PKR23.48bn. The average price fell 7.63 per cent to 7.63 per cent to US$60.09/t from US$65.05/t in the same five months of the previous fiscal. According to Pakistan’s B... |
Zuari Cement’s commitment to India’s long-term potential06 January 2014, Published under Cement NewsZuari Cement is pressing ahead with new capacity plans in three Indian states despite current market challenges, citing huge long-term potential for domestic cement consumption. The Italcementi group company is setting up a grinding unit in Auj and Shingadgaon in Solapur (Maharashtra), a terminal in Kochi (Kerala) and a 3Mta integrated cement plant in Gulbarga (Karnataka). “The INR2500-crore capacity augmentation will go on in spite of the tough market conditions now, as we believe that ... |
HeidelbergCement completes the sale of Raigad grinding unit06 January 2014, Published under Cement NewsHeidelbergCement India has completed the sale and transfer of its cement grinding facility situated at Raigad in state of Maharashtra to JSW Steel, as a going concern on slump sale basis. JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products. |