Cement News tagged under: indian sub-continent
Pakistani cement dispatches see 5% uptick in December18 January 2024, Published under Cement NewsCement dispatches in Pakistan were up five per cent YoY in December 2023, settling at 4.1Mt compared to the same period in the previous year. According to a report from AHL Research, domestic dispatches declined by four per cent YoY to arrive at 3.5Mt. The fall in domestic dispatches was due to subdued demand due to high inflation. Local dispatches of the north were recorded at 2.9Mt, a fall of 1 per cent YoY, whereas the south experienced a drop of 16 per cent YoY, settling at 0.6Mt. Ex... |
Crown Cement kicks start its sixth unit in Bangladesh16 January 2024, Published under Cement NewsMd Mozharul Islam, senior general manager and company secretary of Crown Cement, has announced that the company was able to finally start commercial production of its sixth unit earlier this month after deferring it several times. The announcement says that commercial production of the sixth unit of Crown Cement PLC, with a production capacity of 8280tpd installed at its factory premises in West Mukterpur, Munshiganj , will commence in January 2024 instead of its previous probable sch... |
Cement prices fall in Pakistan16 January 2024, Published under Cement NewsCement prices across Pakistan have declined over the last week, according to the Pakistan Bureau of Statistics, bringing welcome relief to builders and developers across the country. The average retail price of a bag of cement in the northern regions of Pakistan has fallen from PKR1246 (US$4.45) last week to PKR1238 this week, a contraction of 0.57 per cent, reports Samaa. In the southern regions, the average price declined from PKR1192 to PKR1191, a drop of 0.07 per cent. Prices con... |
JSW Cement prepares for IPO11 January 2024, Published under Cement NewsJSW Cement has reached out to domestic and foreign investment banks including SBI Capital, Kotak Mahindra Capital, JM Financial, DAM Capital, Jefferies, Citi and Goldman Sachs for advising the company on the proposed initial public offering. JSW Group is preparing the ground for listing its cement business on stock exchanges to raise about INR65000m (US$782.9m), according to The Hindu businessline. With the intense competition and consolidation in the industry, JSW Cement plans to utili... |
Pakistan's producers turn to exports10 January 2024, Published under Cement NewsPakistan's domestic sales for the cement industry during the first half of the current fiscal year (1HFY23-24) have grown by a mere one per cent compared to last year. Ballooning construction costs, of which cement prices have contributed their part, have deterred demand. The recent implementation of the axle road regime has further sent prices hurtling forward as transport costs increase. This is unlikely to ease over the next couple of months, which will keep prices steady and looki... |
UltraTech enables green mobility for clinker with electric trucks09 January 2024, Published under Cement NewsGiving a significant boost to ‘green mobility’, UltraTech Cement Ltd , India’s largest cement and ready-mix concrete company, has introduced five electric trucks for transport of clinker from its integrated cement manufacturing unit Dhar Cement Works, located in Madhya Pradesh, to its grinding unit Dhule Cement factory, located in Maharashtra. To ensure reliable transportation, UltraTech has also set up three charging stations, one at each of the units and one en-route. The transpor... |
Aditya Birla appoints Chief Human Resource Officer (Designate)09 January 2024, Published under Cement NewsIn line with the Aditya Birla Group ’s Employee Value Proposition of ‘A World of Opportunities’ and talent philosophy of developing talent from within, the Board of Directors at its recent meeting, based on the recommendation of the Nomination, Remuneration and Compensation Committee, considered and approved the appointment of Chandrashekhar Chavan, as Chief Human Resource Officer (Designate), Senior Management Personnel of the company with effect from 16 February 2024. He will take on the ... |
Bangladesh outstrips the cement export target in 6MFY23-2408 January 2024, Published under Cement NewsBangladesh has recorded 91 per cent YoY growth in cement export revenue to US$8.96m in the first six months (July-December 2023) of FY23-24 from US$4.69m in the same six months of the previous year, according to the Bangladesh Export Promotion Bureau (EPB). This figure includes minor amounts of salt, stone and related products. The 22.1 per cent YoY rise in cement exports also surpassed the target of US$7.29m for 6MFY23-24. Bangladesh had set a higher target export revenue of US$15m for F... |
Afghan coal price surge impacts northern Pakistan cement production costs08 January 2024, Published under Cement NewsA spike in Afghan coal prices has affected the cost of cement production in northern Pakistan. JS Research reports that the northern-based cement companies, which operate 20 of the 26 production lines in Pakistan, are facing the challenge of high production costs due to a recent rise in imported coal prices. The cost trade-off between Afghan and international coal remains dynamic, leading to difficulties for the industry. The northern region players face costs of around PKR53,000/t (US$188.... |
Cement prices rise in Sri Lanka08 January 2024, Published under Cement NewsThe maximum retail price of a 50kg bag of cement has been increased in Sri Lanka by LKR150 (US$0.466) with immediate effect, cement manufacturers said. They said the price was increased due to the imposition of the value-added tax on 1 January. Accordingly, the new retail price of a 50kg bag of cement is LKR2450 (US$7.62). Meanwhile, National Construction Workers Union (NCWU) secretary, Supun Abeysekara, told the local Daily Mirror that though only a three per cent VAT should be impose... |