Cement News tagged under: indian sub-continent
UltraTech Cement buys land from The India Cements Ltd22 September 2023, Published under Cement NewsUltraTech Cement ( Aditya Birla Group ) has entered into an agreement with The India Cements Ltd , on 21 September 2023 to purchase a 73.35-acres plot of land (which includes land of 14.53 acres to be procured), located at villages Kantakapalle and Chinnipalem, Mandal Kothavalasa, District Vizianagram, Andhra Pradesh, for a consideration of INR70,000m, exclusive of taxes, stamp duty and registration charges. “This is for the purposes of the business of the company. The disclosure i... |
Pakistan's cement industry saw significant export growth in 2MFY23-2420 September 2023, Published under Cement NewsPakistan's cement industry saw significant growth in cement exports, both over land to Kabul and further afield by sea during 2MFY23-24 due to the depreciation of the Pakistani rupee and the falling prices of Afghan and local coal. According to AKD Securities Ltd, cement exports are expected to show growth going forward, driven by the viability of export prices, particularly in light of declining coal prices. IMS Research also believes that exports continue to demonstrate robust growth, p... |
Heidelberg Materials partners UNTHA in Zuari Cement project20 September 2023, Published under Cement NewsHeidelberg Materials has revealed a new single-step alternative fuel production line in India, with the help of UNTHA shredding technology. The system has been installed at the Yerraguntla cement plant in Andhra Pradesh, owned and operated by Zuari Cement (Heidelberg Materials Group). This well-known Indian firm has a cement manufacturing capacity of 7.1Mta. Handling both pre-sorted and unsorted municipal solid waste (MSW) collected from throughout the region, it can process 20t of 10... |
Pakistani cement likely to get caught up in Torkham border suspension15 September 2023, Published under Cement NewsPakistan imports/exports in general and incoming/outgoing dispatches of containers/cargo from Pakistani ports to Afghanistan, as a transit trade facility in particular, have been suspended at the Pakistani-Afghan Torkham border (northwestern Pakistan) for the last week due to tension between Islamabad and Kabul. As a result, hundreds of trucks carrying essential goods have been stranded on both sides since the border was shut down after an exchange of fire in a dispute over an under-co... |
Fauji Cement sees positive way ahead14 September 2023, Published under Cement NewsFauji Cement Co Ltd (FCCL) expects local cement demand to develop positively in the FY23-24 with exports to Afghanistan, depending on the border situation, to improve, the company said. The Pakistan-based cement company is continuing its efforts to become the lowest-cost producer and increase its market share through a timely completion of its DG Khan expansion, scheduled for the 2QFY23-24. In addition, the company's board of directors has approved the construction of a 7.5MW solar powe... |
Bangladesh posts 79% cement export revenue growth in July and August 202311 September 2023, Published under Cement NewsBangladesh has recorded 78.8 per cent YoY growth in cement export revenue to US$2.95m in the first two months of FY23-24 (July-August 2023) from US$1.65m earned in the same months of the previous year, according to the Bangladesh Export Promotion Bureau (EPB). This figure includes minor amounts of salt, stone and related products. The target of US$2.26m for two months was also surpassed by 30.5 per cent YoY. Bangladesh had set a higher target export revenue of US$15m for FY23-24 against U... |
Birla Corp announces expansions in FY25-2607 September 2023, Published under Cement NewsBirla Corp , the flagship company of MP Birla Group , is planning to increase cement production to 25Mta by the end of financial year 2025-26. The existing capacity of Birla Corp headed by Harsh V Lodha stands at about 20Mta. The company is planning to ramp up its production capacity from a greenfield cement plant at Mukutban near Nagpur, setting up a setting up a second clinker unit at Maihar in Madhya Pradesh and constructing new grinding units in north India. “With the commissio... |
Pakistan's cement dispatches pick momentum in August 202307 September 2023, Published under Cement NewsPakistani cement dispatches saw encouraging figures in domestic and overseas markets in August 2023. Usama Rauf, the investment analyst at AKD Securities, stated that cement sales witnessed a significant surge, increasing by 41 per cent and 37 per cent MoM and YoY, respectively, reaching 4.52Mt. This notable increase is primarily attributed to the low base effect, mainly due to the impact of the monsoon season on construction activities. Additionally, the same period last year was heavily im... |
Bangladesh's mega infrastructure projects provide cement demand04 September 2023, Published under Cement NewsThe Bangladesh government is implementing around a dozen mega projects using locally-made construction materials instead of imported alternatives. Bangladesh Prime Minister, Sheikh Hasina, inaugurated the 11.5km Airport-Farmgate segment of the 19.73km Dhaka Elevated Expressway, the first of its kind in the country, on 2 September. This expressway promises to be a game-changer for commuters in the capital city. According to the project details, 65 per cent of the work has been completed and w... |
Adani Cements will not require external loans for capex expansion31 August 2023, Published under Cement NewsAdani Cements is looking to rely on operating cash flows and internal accruals to fund its INR460,000m (US$5.5bn) expansion capex over the next five years, without the need for external borrowings. The cement arm of the Adani Group, comprising ACC Ltd and Ambuja Cements , has set an ambitious target to achieve a production capacity of 140Mta by FY28, from the current 67.5Mta. “With the funds available from the cement operations, there is no need to resort to external borrowings for t... |