Steel shortage may impact the cement industry
The Pakistan Ship Breakers Association (PSBA) said on 18 January that the shipbreaking industry is on the verge of closure as local banks are reluctant to open letters of credit...
Indian Sub-Continent
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UltraTech improves CDP climate action rating to A-
UltraTech has been recognised as a leader in 'climate change' by Carbon Disclosure Project (CDP), a global non-profit environmental organisation, for its 2022 CDP disclosure. Ul...
India invests in green hydrogen production
The Indian government has approved a plan to invest US$2.3bn in green hydrogen. It plans to produce at least 5Mt of green hydrogen by 2030, reducing the dependence of its cement...
Oriano commissions solar projects for Shree Cement
India-based Oriano has commissioned two solar power projects for Shree Cement Ltd . The projects include a 10MWp at Seraikela Kharsawan, Jharkhand, and 30MWp (2 x 15MWp) at Bank...
Adani Group investment to soar
The Adani Group will invest over INR600,000m (US$7.4m) in a number of sectors in Madhya Predesh that would create thousands of jobs. This would reshape the economy of several di...
State Bank of Pakistan reviews cement industry performance in FY22
The State Bank of Pakistan (SBP) has critically analysed the performance of the cement industry between July 2021 and June 2022. The central bank gauged the positive and negativ...
Jaiprakesh Associates defaults on loans
Jaiprakesh Associates has defaulted on INR40,590m (US$492.9m) of loans from various lenders, according to The Times of India. The company, which has a total debt of INR290,900m,...
Bangladesh's cement export revenue totalled US$4.69m in 1HFY22-23
During the first six months of FY22-23 (July-December), Bangladesh's cement industry earned export revenue of US$4.69m on the export of cement, mostly to neighbouring Asian coun...
Pakistan records a 21% decline in cement dispatches in 1HFY22-23
The negative trend in cement dispatches in Pakistan has continued in the last few months. The latest data for 1HFY22-23 and December 2022 show the sector has been affected by a ...
Ambuja Cements forms new subsidiary, ARL
India’s Ambuja Cements has incorporated Ambuja Resources (ARL), a new wholly-owned subsidiary for the manufacture of cement and allied products, alternate fuel and power generat...