Cement News tagged under: india
Madras Cements sees 20 per cent growth in FY12-1301 May 2012, Published under Cement NewsMadras Cements expects a 20 per cent growth in its top line in the current financial year (2012-13) buoyed by expected cement deman growth in the south and the company’s renewed focus this year on a few states in the east and west. Capacity utilisation is also expected to go up by over 10 per cent during the year. The cement industry has always gone through this demand – supply mismatch, since firms plough back some of their reasonable profits during high cycles to expand capacities. The sa... |
INC to import 80,000t of clinker, Paraguay30 April 2012, Published under Cement NewsIndustria Nacional del Cemento (INC) will rise this week to the Public Procurement website’s invitation to bid, with an auction to buy 80,000t of clinker imports. This is the second call for tenders for purchase of imported clinker, since the former was declared void because the offers that had exceeded the budget of the state company. INC President, Edgar Acosta explained that while the company has 30,000t of domestic production in stock the problem is the limited transport capacity, as... |
Bokaro Jaypee Cement Plant inaugurated, India30 April 2012, Published under Cement NewsChief Minster Arjun Munda on Friday inaugurated the Bokaro Jaypee Cement Plant (BOJCP) which has a capacity of 2.1Mta at Balidih Industrial Area of Bokaro Steel City. The project is a joint venture unit of Steel Authority of India Limited (SAIL), Bokaro Steel Plant (BSL) and Jaypee Group. Deputy Chief Minister Sudesh Mahato and Hemant Soren along with SAIL Chairman CS Verma, SS Mohanti Director Technical SAIL, Sunny Gaur the vice-chairman of Jaypee Group including others were also in atte... |
Stable prices boost India Cements 4Q profit26 April 2012, Published under Cement NewsIndia Cements reported a five per cent rise in net profit attributed to stable cement prices and improved realisations. Business Line India reports that for the quarter ended March 31, 2012, the company posted a net profit of INR64.92 crore on a total income of INR1122.95 crore. During the corresponding quarter in the previous year, the net profit was INR56.31 crore on a total income of INR941.52 crore. A noticeable recovery in demand and a higher average realisation during the year... |
Pakistan cement exports earn US$339m in 9MFY2011-1225 April 2012, Published under Cement NewsDuring 9MFY2011-12 (July-March), Pakistan cement exporters saw recovery in cement exports in terms of value. In Pakistani currency, the export also rose by 6.06%. In addition, the average cement price improved. The Pakistan cement manufacturer and exporters exported 6.51Mt of cement and earned US$339.208m compared to 6.72Mt at US$329.696m in the corresponding period last year. The figures indicate that cement exports fell by 3.07% in terms of volumes but increased 2.89% in terms of dolla... |
India: collusion ruling looms large over cement makers24 April 2012, Published under Cement NewsIndian cement makers’ stocks fell on fears that the Competition Commission of India (CCI) will rule against the sector as it deliberates on whether companies have colluded to push up prices. On Monday, the CCI imposed hefty penalties against agrichemical manufacturers, sparking fears similar action will follow regarding cement producers. |
UltraTech Cement net profit rises 19% in 4Q to US$69.7m24 April 2012, Published under Cement NewsUltraTech Cement posted a 19% rise in net profit at INR8.67bn (US$69.7m) in the fourth quarter ended 31 March 2012, as compared to INR7.27bn (US$138m) in the corresponding quarter last year. Net sales rose 19% to INR53.37bn from INR44.9bn during the period. ?? Profit before interest, depreciation and tax is INR14.64bn as against INR11.27bn in the corresponding period of the previous year. ??The combined cement and clinker sales of grey cement was 11.54Mt and 3Mt for white cement. |
India Cements: investors could consider on long-term basis24 April 2012, Published under Cement NewsChennai-based India Cements is a leading player in southern India and has benefited from strong cement prices, given production discipline amongst local producers over the past few quarters. Consequently, total cement dispatches in the southern region grew just 1.8% YoY during FY12, and the pace was much slower than the all-India growth during this period, Point Out brokerage house reports. India Cements has recently diversified its presence into northern markets. Its subsidiary Trinetra ... |
India: Udayapur Cement to shut for a month23 April 2012, Published under Cement NewsOne of the biggest cement factories in the country built with Japanese assistance has been closed for a month for ‘maintenance work’ at a time when the demand for construction materials has been witnessing a boom. According to a Himalayan Times report, the closure of Udayapur Cement Factory, which has a cement capacity to churn out 800tpd every day, is not a result of technical failure, as claimed by the management, but due to the shoddy management, say employees of the cement factory. “Pr... |
ACC first-quarter hit by one-time depreciation charge19 April 2012, Published under Cement NewsACC Ltd Thursday said its January-March net profit fell sharply, hit by a one-time depreciation charge of INR3.35bn. ACC, a unit of Holcim Ltd, posted a net profit of INR1.52bn, down from INR3.50bn a year earlier. Sales rose 19 per cent to INR30.15bn from INR25.41bn. The results were much lower than the market expected. An average of estimates from six analysts polled by Dow Jones Newswires had forecast a net profit of INR4bn. Without the one-time charge, the net profit could have ... |