Cement News tagged under: indian sub-continent
Bangladesh sets a target export revenue of US$15m in FY23-2407 August 2023, Published under Cement NewsBangladesh had set a higher target export revenue of US$15m against US$13.66m earned in the last fiscal year of FY22-23. The encouraging figure/trend of July 2023 would lead the target, experts reported. Bangladesh has achieved 104.2 per cent YoY growth in cement export revenue to US$1.47m in the first month of FY23-24 (July 2023-June 2024). This compares to US$0.72m in the same month a year earlier. According to the Bangladesh Export Promotion Bureau (EPB), this figure includes minor... |
Dalmia Cement (Bharat) Ltd orders Gebr Pfeiffer VRMs04 August 2023, Published under Cement NewsDalmia Cement (Bharat) Ltd has ordered one MVR 3750 C-4 each for two cement grinding plants, one in Ariyalur and one in Kadapa , India. The mills will produce ordinary Portland cement (OPC) and also fly ash cement at up to 160tph. The company is committed to sustainable cement production, and Gebr Pfeiffer is playing its part by optimising the grinding process to reduce CO 2 emissions per tonne of cement by up to 35 per cent. In addition to the MVR 3750 C-4 mill, equipp... |
UltraTech Cement invests in wind power company04 August 2023, Published under Cement NewsUltraTech Cement has entered a Share Subscription and Shareholders Agreement and Energy Offtake Agreement with VEH Radiant Energy Pvt Ltd for the purpose of acquiring 26 per cent equity shares of VEH Radiant. VEH Radiant is engaged in generation and transmission of renewable wind power energy. The cost of the share price will not exceed INR151m (US$0.181m). VEH Energy has a registered office at TSIIC Hyderabad Knowledge City, India. |
Prism Johnson turns a profit in June quarter04 August 2023, Published under Cement NewsIndia-based Prism Johnson saw its net sales advance seven per cent YoY to INR19.04bn (US$230.4m) in the quarter ended 30 June 2023. Over the same period, consolidated profit after tax came in at INR207.6m, compared to a loss of INR160.1m in the same period a year earlier. Revenue from the company’s cement business, which accounts for over half its total revenue, expanded by 18 per cent YoY over the June 2023 quarter, according to Reuters. The increase in revenue has been fuelled by stro... |
Rising energy price may dent cement business in Pakistan03 August 2023, Published under Cement NewsPakistan's government increased the fuel price in the country on 1 August 2023. Two influential trade organisations, the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and the Korangi Association of Trade and Industry (KATI), strongly opposed the recent increase in petrol prices, calling for its immediate withdrawal. An increase in transport costs would spike the cement industry's dispatches and raw material transportation costs. FPCCI President, Irfan Iqbal Sheikh, has s... |
Attock Cement Pakistan Ltd completes share sales in Iraqi subsidiary03 August 2023, Published under Cement NewsThe Company Secretary at Attock Cement Pakistan Ltd, Irfan Amanullah, has informed the Pakistan Stock Exchange (PSX) that further to the company’s intimation dated 21 June 2023, regarding the sale of the entire shareholding of the company in its subsidiary Saqr Al-Keetan for Cement Production Co Ltd (SAKCPCL), it announces that the process of transfer of 9m shares to the buyers is duly completed on 26 July 2023 and the shares have been registered in the name of buyers under the Iraqi Law... |
HeidelbergCement Bangladesh reports profit in 1H2331 July 2023, Published under Cement NewsHeidelbergCement Bangladesh Ltd (HCBL) has earned a net profit of BDT478.02m (US$4.4m) in January –June 2023 against a loss of BDT205.29m in the same period of 2022, according to the company’s financial results. The profit was attributed to increased gross profit, sales, other income, and less finance expenses. However, warehouse, distribution and selling costs increased during the period. According to the company, total sales increased to BDT10.207bn, compared to BDT9.035bn in January–... |
Shree Cement starts commercial production at Purulia31 July 2023, Published under Cement NewsShree Cement Ltd has commenced commercial production at its clinker grinding unit in the Purulia district of West Bengal with a cement capacity of 3Mta. According to the company, this is the first factory in the state which will help meet the growing demand for cement in West Bengal. Shree Cement operates 10 integrated cement plants and 11 grinding units across India. The Purulia plant is expected to create direct and indirect employment opportunities for over 1000 people. With this,... |
Reassessment of raw materials import value demanded28 July 2023, Published under Cement NewsThe Bangladesh Cement Manufacturers Association (BCMA) has urged the government to revisit the assessment value of three raw materials (cement clinker, granulated slag and gypsum) as their prices have fallen in international markets. They asked that the assessment value of cement clinker be reduced from US$60 to US$50t, granulated slag from US$30 to US$26t and gypsum from US$35 to $30t, the BCMA said in a letter to the Chattogram Custom House recently. According to the National Board o... |
Lucky Cement receives KCCI Export Trophy Award27 July 2023, Published under Cement NewsLucky Cement Ltd ( Yunus Brothers ) has received the KCCI Export Trophy Awards for its outstanding achievements in the international market. CEO of Lucky Cement Ltd, Muhammad Ali Tabba, was honoured with the prestigious KCCI Platinum Export Trophy Award for the company’s exceptional performance in the cement sector from 2020-21. Mr Tabba expressed his gratitude for the recognition, stating, “We are immensely proud to be acknowledged by the KCCI.” He added, “We focus on implementing adva... |