Cement News tagged under: indian subcontinent
Pakistan cement market to contract by 10%17 June 2022, Published under Cement NewsBased on cement dispatches over the first 11 months, Pakistan’s cement market is expected to contract by 10 per cent in FY22 (ending 30 June), compared to FY21, according to a report in the Business Recorder. This is in stark contrast to the 10-15 per cent growth forecast by the industry. Much of that predicted growth was dependent on the country’s massive infrastructure and power projects, along with the government’s Pakistan Housing Plan. But in reality domestic demand has remained low wit... |
GDP recovery fuelling Indian cement demand17 June 2022, Published under Cement NewsCement demand in India is expected to rise by mid-to-high single digits in the medium term, according to Fitch Ratings. This follows an estimated mid-teen rebound in FY22, compared to FY21 which saw a mid-single digit decline due to the pandemic. An 8.7 per cent recovery in the economy in FY22 is forecast to underpin growth across various construction sectors with cement demand in the infrastructure and affordable housing markets expected to see low double-digit growth on the back of high... |
DG Khan set for US exports15 June 2022, Published under Cement NewsPakistan-based DG Khan Cement Co will be exporting 50,000t of cement to the USA for the first time. “A ship, Tomini Felicity, is presently loading cement at KPT in 1.5t jumbo bags destined for Houston, Texas USA,” Fareed Fazal, DG Khan director, said. The shipment is part of a contract that will see the cement producer export 100,000tpd to Texas after concluding a deal in August 2021, when Mr Fazal visited the US. Following the deal, there was a 10-month process to obtain the necessary ce... |
Adani Group in discussions to raise US$4.5bn13 June 2022, Published under Cement NewsFollowing its acquisition of Holcim’s business in India, the Adani Group is in discussions with more than a dozen foreign banks in a bid to raise US$4.5bn. According to The Economic Times, this marks one of the largest loan-based fundraisings in foreign currency by an Indian corporate entity. The proposed loan structures include mezzanine financing, stock-backed bridge loans to be repaid in cash, and a senior debt facility for 18 months. The mezzanine financing may raise US$1bn, while the... |
Ramco Cements announces capex and price rise09 June 2022, Published under Cement NewsRamco Cements has announced capex of INR12-13bn (US$154-167m) to expand its production capacity over the next two years. At its Kurnool plant, trial production of clinker is now underway and with this, clinker capacity has expanded to 13.65Mta. The cement grinding facility, 6MW waste heat recovery system (WHRS), and an 18MW thermal power plant (TPP) are due to be commissioned during 2QFY23, according to the Financial Express. An additional 1-1.5Mta of grinding capacity is also planned in K... |
UltraTech explores electrification to reduce CO2 emissions09 June 2022, Published under Cement NewsUltraTech Cement Ltd has signed a Memorandum of Understanding (MoU) with Coolbrook to explore how electrification of the cement kiln heating process can help reduce CO 2 emissions. Coolbrook, a transformational technology and engineering company, will be looking at how its Roto Dynamic Heater (RDH) can be used to deliver temperatures of up to 1700˚C with high energy efficiency, thereby enabling its use in processes that have previously been considered impossible to electrify. When power... |
Bangladesh sees 22% increase in cement export revenue31 May 2022, Published under Cement NewsBangladesh has reported a 21.79 per cent YoY increase in revenue from cement exports in the 10MFY21-22 (July 2021-April 2022). Revenue for the period came in at US$7.77m, compared to US$6.38m in the same period a year earlier. This figure also includes minor quantities of salt, stone and other related products, according to the Bangladesh Export Promotion Bureau (EPB) data. During the last fiscal year (July 2020-July 2021), Bangladesh’s cement industry earned export revenue of US$7.26m, ... |
Jindal to build new 2.5Mta plant in Raigarh30 May 2022, Published under Cement NewsIndia’s Jindal Group and the Chhattisgarh government have signed a Memorandum of Understanding (MoU) to establish a new cement plant in Raigarh district in the easternmost part of Chhattisgarh State. According to reports in the Times of India, the new facility will have a production capacity of around 2.5Mta of cement and 2.5Mta of clinker. The plant will also have a 12MW waste heat recovery system. |
India Cements joins forces with Tvasta on 3D printed construction solutions30 May 2022, Published under Cement NewsThe India Cements is collaborating with Tvasta Manufacturing Solutions to develop energy-efficient construction methods using 3D printing. Tvasta’s technology uses 3D-printing platforms for faster, more economical and more sustainable construction methods, compared to traditional technologies, which can be used for a variety of applications, including housing, sanitation, infrastructure and defence. According to reports in The Hindu Business Line, the 3D construction methods use 30 per cen... |
Multimodal transport to ease Indian cement supplies and prices27 May 2022, Published under Cement NewsThe Indian government is looking at ways to balance up supply and demand of cement across the country, while also helping to reduce cement prices. Cement producers in southern India have idle capacity due to low demand, while in the north of the country demand remains high and cement is in short supply. According to a government spokesperson, one proposal is to transport cement by sea from southern India to a port in eastern Indian eg, Haldia, from where it can be taken to cities such as Var... |