Cement News tagged under: indian sub-continent
India adds 7Mta as expansion plans continue24 April 2023, Published under Cement NewsIndia’s cement producers have added around 7Mta of cement production capacity in the last few weeks alone as their expansion plans continue. According to Argus Media, UltraTech Cement has added 2.2Mta at its Bihar unit, raising its total cement production capacity to 129.15Mta as part of plans to reach 200Mta by 2030. Dalmia Bharat Cement plans to add 12Mta by 2024 with the ultimate aim of reaching 110-130Mta by 2031. The company recently added 2.5Mta, taking its total capacity to 4... |
Cement industry profits are impacted by burgeoning financing costs21 April 2023, Published under Cement NewsSpectrum Research has reported that sluggish economic activities lead to a decline in Pakistan's construction materials demand, mainly cement and steel. The higher inflation and low purchasing power primarily contributed to reduced cement dispatches. Moreover, the higher interest rate increases the financing cost and reduces the sector's bottom line. This would be reflected in the financial results of Pakistani cement companies when they announce 3QFY22-23 or 9MFY22-23 (July-March 2023) res... |
UltraTech commissions 2.2Mta grinding unit expansion21 April 2023, Published under Cement NewsUltraTech Cement has commissioned its 2.2Mta grinding unit expansion at Patliputra , Bihar, India. According to the company, the additional capacity will help increase its presence in the fast-growing East region as well as expanding its blended cement ratio. UltraTech’s cement production capacity in the state now stands at 4.7Mta, while its total capacity in India has risen to 129.15Mta, reports BusinessLine. |
Indian cement demand forecast to see growth of 8-9% in FY2419 April 2023, Published under Cement NewsIndia Ratings and Research (Ind-Ra) has forecast India’s cement demand to grow by between 8-9 per cent YoY in FY24, driven by the government’s infrastructure push ahead of the general elections in 2024. A resilient agricultural sector, supported by four consecutive normal monsoons, along with a focus on the completion of affordable housing projects are expected to boost cement demand, albeit at a lower rate as inflationary pressures continue. However, an adverse weather event such as E... |
Maple Leaf Cement Factory sales advance 42% YoY18 April 2023, Published under Cement NewsPakistan’s Maple Leaf Cement Factory Ltd has reported consolidated sales of PKR17,038m (US$59.9m) in the quarter ended 31 March 2023. This compares to PKR11,990m in the same period a year earlier, marking a YoY increase of 42 per cent. Over the same three months, profit after tax improved from PKR1563m to PKR1875m, while earnings per share (EPS) advanced from PKR1.42 to PKR1.75. Over the nine months ended 31 March 2023, the company saw net sales of PKR47,089m, up from PKR34,091m in the s... |
Dandot Cement completes Punjab plant upgrade13 April 2023, Published under Cement NewsMuhammad Kamran, company secretary of Dandot Cement Co Ltd, has stated that commercial production is expected to resume in the first quarter of the next financial year upon completing Balancing the Modernisation of Replacements (BMR) of 504,000t capacity at the Jehlum cement plant in Punjab, Pakistan. A regulatory filing to the Pakistan Stock Exchange (PSX) and the last financial report adds that to meet the legal standards and to avoid any adverse action from Environmental Department, ... |
UltraTech recognised in Sustainability World Index13 April 2023, Published under Cement NewsUltraTech Cement is ranked sixth in the global sectoral ranking of the S&P Global Dow Jones Sustainability World Index (DJSI). UltraTech is the only Indian company in the top 10 in the construction material sector for the second year in a row. UltraTech has been assessed with an overall score of 80 by DJSI for the financial year 2021-22. The company’s performance improved significantly on each of the three Environment, Social and Governance (ESG) metrics: • Environment score of 84 is ... |
Indian cement volumes forecast to rise 6% in 4QFY22-2312 April 2023, Published under Cement NewsIndia’s cement sector is expected to see growth in the 4QFY22-23 of around six per cent YoY and 13 per cent QoQ, according to a new report by Antique Stock Broking Ltd (ABS). Industry volume is predicted to reach around 109Mta with a utilisation rate of 80 per cent in the 4QFY22-23. UltraTech Cement has already reported grey cement volumes of 30Mt, up 14 per cent YoY, implying a utilisation rate of 94 per cent on expanded capacities. The total cost per tonne of cement is forecas... |
UltraTech rolls out LNG trucks at Pune11 April 2023, Published under Cement NewsUltraTech Cement has extended its use of LNG-fuelled trucks to its bulk terminal in Pune, India. Green Planet Logistics, India's first LNG-fuelled trucking logistics company, will be providing its GreenLine trucks as part of UltraTech’s continued commitment to the decarbonisation of its operations, according to Realty Plus. The cement producer has already introduced GreenLine trucks at its Awarpur Cement Works near Nagpur. According to Green Planet Logistics, its GreenLine LNG trucks ... |
APCMA releases mixed dispatches data for March 202306 April 2023, Published under Cement NewsTotal cement dispatches of Pakistan's cement mills in March 2023 were 3.795Mt against 5.01Mt in the previous fiscal year, representing a fall of 24.2 per cent. A spokesman of the All Pakistan Cement Manufacturers Association (APCMA) said that construction activities in both the northern and southern regions of the country have significantly decreased in recent months, which is not only creating an alarming situation for the industry but also drying up the employment opportunities f... |