Cement News tagged under: indian sub-continent
Bangladesh’s clinker imports more expensive in new budget FY23-2405 June 2023, Published under Cement NewsBangladesh Minister for Finance, AHM Mustafa Kamal, presented National Budget Speech 2023-24 (July-June) in parliament on 1 June and made some tax measures on the cement industry. The measures are detrimental to the cement industry as they will raise the import cost of clinker and the price of cement bags in Bangladesh, according to local experts. Increase duty on clinker imports The minister proposed that the specific duty of only BDT500/t (US$4.66/t) currently in force for import... |
What will prompt faster decarbonisation?02 June 2023, Published under Cement NewsThis week the Alliance for Low-Carbon Cement and Concrete (ALCCC) published its latest report on 'fast-tracking cement decarbonisation'. The document looks at underperforming and reaching performance-based standards for decarbonisation. The issue with today's cement industry standards is that they are not designed for a quick entry of low-carbon cement. "Safe and low-carbon solutions already exist but need market access through environmentally ambitious standards and policies," says ALCCC... |
Crown Cement secures loan for 6th line02 June 2023, Published under Cement NewsCrown Cement Plc has secured a syndicated loan facility for the construction of the sixth cement line at its plant in West Mukterpur, Munshiganj , Bangladesh. The new line will have a state-of-the-art VRM mill with the plant’s total production capacity expected to reach 19,000tpd. According to The Business Standard, the loan for BDT2500m (US$23.3m) involves a consortium of banks, including Eastern Bank Ltd, State Bank of India, Bank Asia Ltd and Dhaka Bank Ltd. “The milestone deal wi... |
IKN cooler start-up at Hirmi cement plant02 June 2023, Published under Cement NewsAfter 24 hours of performance testing, another IKN cooler received its performance test certificate. The cooler, installed at Line 2 in UltraTech Cement 's Hirmi Cement plant, India, has not only achieved but exceeded all guaranteed parameters, says IKN. In addition, the cooler which was designed for 8000tpd, proved to operate at the owners satisfaction at a capacity of 10,000tpd, even with hot air recirculation. |
India: looking for the next leap30 May 2023, Published under Cement NewsIndia’s cement sector continued on the right track in 2022 as growth has begun to reset to a more realistic level. The government’s infrastructure push and a continued focus on affordable housing ahead of next year’s general election are proving key demand drivers and will likely to lead to further, more sustainable gains in consumption going forward. Increased industry confidence, a high, sustainable growth trajectory and moderating fuel costs bode well for cement producers in Ind... |
Nuvoco Vistas opens new RMC plant in Vizag30 May 2023, Published under Cement NewsNuvoco Vistas Corp Ltd has launched a new ready-mixed concrete (RMC) plant in Vizag, Andhra Pradesh, India. With a production capacity of 60m 3 /h, the plant will serve construction projects in the area. According to the company, Vizag is a rapidly developing city with a number of key infrastructure projects, including the Greenfield Airport at Bhogapuram. Commenting on the new plant, Mr Prashant Jha, chief of Ready-Mix (RMX) Concrete and Modern Building Materials business at Nuvoco, sa... |
UltraTech Cement to employ Coolbrook decarbonisation technology26 May 2023, Published under Cement NewsUltraTech Cement Ltd and Coolbrook, a transformational technology and engineering company, will jointly develop a project to implement Coolbrook’s RotoDynamic Heater TM (RDH) technology in one of UltraTech’s cement manufacturing units. The RDH technology uses electrification from renewable sources for the heating processes in cement production and removes the need to use fossil fuels, thus helping to accelerate the decarbonisation of cement manufacturing. The successful implementation ... |
Low cement production in 1HFY22-23 attributed to construction downtrend26 May 2023, Published under Cement NewsLast week, the State Bank of Pakistan (SBP) released its half year report for the FY22-23 on the state of Pakistan’s economy. The analysis in the report covered all sectors, including cement, was prepared on data for the July-December 2022 period. Cement industry output The output in the cement sector contracted by 15.1 per cent during the 1HFY22-23, compared to a 0.9 per cent decline in the same period last year. According to the All Pakistan Cement Manufacturing Association (APCM... |
The KCP Ltd sees profits slide as expenses climb26 May 2023, Published under Cement NewsIndia-based cement producer, The KCP Limited , has announced standalone total income of INR4840m (US$58.5m) in the quarter ended 31 March 2023, up from INR4638.2m in the same period a year earlier. Total expenses over the same time frame have increased from INR4189.2m to INR4605.5m, driven primarily by power and fuel costs, resulting in a profit of INR147.5m in the March 2023 quarter, down from INR271.6m in the quarter ended 31 March 2022. Earnings per share have declined from INR2.11 in th... |
Tokyo Cement Group receives the Gold Medal award25 May 2023, Published under Cement NewsTokyo Cement Co (Sri Lanka) received the Gold Medal for exceptional environmentally conscious business practices in the Chemical Industries Category at the Presidential Environmental Awards 2021-22 organised by the Central Environmental Authority (CEA) last month. The award recognises the multiple sustainable industry practices adopted by Tokyo Cement Group, according to CEA’s website information. His Excellency the President Honorary, Ranil Wickramasinghe, presented the prestigious Go... |