Cement News tagged under: indian sub-continent
Bangladesh and Saudi Arabian JV cement plant in doubt04 January 2023, Published under Cement NewsState-owned Bangladesh Chemical Industries Corp (BCIC) has threatened to withdraw from a Saudi-Bangladesh joint venture under which a cement factory is to be built in Sylhet's Chhatak borough, Bangladesh. In a recent letter to the Ministry of Industries, BCIC has sought the pull out of the joint venture as it found irregularities, cost escalation and anomalies by their counterpart. The deal for the joint venture between the two countries was signed during Prime Minister Sheikh Hasina'... |
Ambuja Cements forms shipping subsidiary04 January 2023, Published under Cement NewsAmbuja Cements has formed a new, wholly-owned subsidiary called Ambuja Shipping Services Ltd (ASSL). The company has been incorporated by Ambuja Cements for the business of operating ships, the company said in regulatory filing. The company has acquired 100 per cent shareholding in ASSL and the cost of the acquisition is INR10m (US$120,800), reports Mint. ASSL is incorporated in India and was registered with the Registrar of Companies, Gujarat at Ahmedabad on 3 January 2023. The new sub... |
Lucky Cement chairman passes away04 January 2023, Published under Cement NewsThe chairman of Pakistan’s largest cement producer, Lucky Cement Ltd, Muhammed Yunus Tabba, died on 2 January 2023 peacefully, according to a family announcement of the company through local media. Lucky Cement is one of Pakistan’s largest producers and leading exporters of quality cement. The company’s total production capacity (including northern and southern plants) has increased to 15.3Mta from the previous figure of 12.15Mta. Last month, in a regulatory filing, GM Finance and Compa... |
Mukul Agarwal raises stake in Sanghi Industries03 January 2023, Published under Cement NewsInvestor Mukul Agarwal has increased his stake in Sanghi Industries from 1.34 per cent in the September 2022 quarter to 1.97 per cent in the December quarter, reports The Economic Times. According to 5paisa, Mukual Agrawal’s investment style is “largely aggressive, hawking for multibaggers that are capable of astronomical returns.” His investment portfolio includes IMFL (Indian Made Foreign Liquor Co), PDS Multinationals (a leading consumer goods design, product development, sourcing, v... |
Attock Cement seeks a supply of minerals03 January 2023, Published under Cement NewsAttock Cement Pakistan Ltd has planned to outsource raw materials for its cement plant at Hub Choki in the Balochistan province from January 2023 to June 2023. The company asked the minerals suppliers to send the best quotation for the supply of 50,000t of gypsum and 75,000t of iron ore during this period. Bids are due on 10 January 2023. The company started commercial production in 1988 with a plant capacity of 2000tpd of clinker (approximately 0.6Mta). Through a series of expansions, ... |
Shares in India Cements fall due to CCI investigation28 December 2022, Published under Cement NewsShares in India Cements fell by almost five per cent to INR208 (US$2.51) on 23 December 2022 after officials from the Competition Commission of India (CCI) visited the company's office in Chennai to conduct a search. According to India Cements, “Certain officials of Competition Commission of India visited our office in Chennai at around 11:30am and are conducting a search to find out if any irregularities concerning Competition Commission have occurred.” “We clarify that we have not in... |
Work begins on Ramco Cement's expansion28 December 2022, Published under Cement NewsWork has reportedly begun on the second production line at Ramco Cement ’s grinding plant in Haridaspur , Jaipur District, Odisha, India. The US$16m expansion project will increase capacity at the plant from 0.9Mta to 1.8Mta. The company received environmental clearance for the new line in May 2022 and expects the project to be completed in the 1QFY25. |
Hetauda Cement Factory reopens28 December 2022, Published under Cement NewsNepal’s Hetauda Cement Factory has reopened after closing for around one month due to the breakdown of its pre-filter fan and electric motor. The plant produces 12,000-16,000 bags of cement each day, supplying Kathmandu, Pokhara, Bhairahawa, Dhangadhi, Nepalgunj and Biratnagar. Local residents had reportedly complained about cement dust affecting their health, according to Khabarhub. The problem has now been resolved, said Basanta Raj Pandey, general manager of the plant. |
Lucky Cement becomes the largest cement producer in Pakistan23 December 2022, Published under Cement NewsLucky Cement Ltd informed Pakistan Stock Exchange (PSX) on 22 December that construction and installation work concerning the brownfield expansion of the additional line of 3.15Mta at its manufacturing site at Pezu , Khyber Pakhtunkhwa (KPK), has been completed within the planned project timelines. In a regulatory filing, GM Finance and Company Secretary, Faisal Mahmood, said the new line is operational and clinker production commenced on 22 December 2022. The company’s total producti... |
The rise of Bangladesh's clinker imports21 December 2022, Published under Cement NewsBangladesh’s cement industry is expanding with clinker imports rising for the last five fiscal years. According to the Chittagong Port Authority (CPA), the main seaport of Bangladesh, the authority handled 35.130Mt of clinker imports in the financial year 2021-22 (July–June), compared to 33.297Mt in the year-ago period, marking growth of 5.52 per cent. This compares to 21.49Mt in 2017-18, 24.82Mt in 2018-19, and 24.04Mt in 2019-20. Similarly, data from the Bangladesh Central Bank reports ... |