Cement News tagged under: indian subcontinent

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Unique Cement launches new blended cement

16 January 2024, Published under Cement News

Bangladesh-based Unique Cement Industries Ltd (UCIL) has launched a new blended cement: Dhalai Special Cement. The blended cement, which is being released to the domestic market, offers 25 per cent more sturdiness compared to PCC cements, according to the company, making it particularly suitable for casting roofs, floors, columns and beams.  UCIL says that the new cement ensures 50 per cent of 28 days sturdiness of PCC cement in just two days, and 85 per cent sturdiness in the first sev...

UltraTech invests in renewable energy specialist

15 January 2024, Published under Cement News

UltraTech Cement has entered into a share subscription and shareholders’ agreement to acquire a 26 per cent stake in Amplus Ages Pvt Ltd, a specialist in the generation and transmission of renewable energy.  "The acquisition is for the purposes of meeting the company's green energy needs, optimising energy cost and comply with regulatory requirements for captive power consumption under electricity laws," said UltraTech Cement. The acquisition, which represents an investment of INR...

Shree Cement launches Bangur as master brand

09 January 2024, Published under Cement News

India’s Shree Cement has announced a revamp of its corporate brand identity and the launch of multiple brand offerings with Bangur as the master brand. According to Neeraj Akhoury, MD of Shree Cement, the launch of Bangur as the master brand “is in sync with our strategy of assessing and responding to evolving customer sentiments and growing aspirations. The intent is to position Bangur as the company’s umbrella brand, with a refreshed and discernible brand identity. Through this makeov...

ACC acquires Asian Concretes and Cements

08 January 2024, Published under Cement News

ACC Ltd , a subsidiary of Ambuja Cements Ltd , has announced that it is acquiring a 55 per cent stake in Asian Concretes and Cements Pvt Ltd (ACCPL) for an enterprise value of INR7750m (US$93.3m). ACC currently holds a 45 per cent stake in ACCPL so this latest deal gives ACC entire ownership of ACCPL, increasing ACC’s cement production capacity to 38.55Mta.  ACCPL runs 1.3Mta of cement capacity in Nalagarh, Himachal Pradesh, while its subsidiary, Asian Fine Cements Pvt Ltd (AFCPL) has...

Maha Cement launches two new products

04 January 2024, Published under Cement News

Maha Cement , part of My Home Industries Private Ltd (MHIPL), has launched two new cements in Bangalore, India - MAHA HD+ (OPC 53) and MAHA HD+ (PPC).  According to the company, MAHA HD+ (OPC 53) is a revolutionary, early-setting cement with high strength, which complies with IS 269-2015. It is produced by blending high-quality clinker, tri-calcium silicates and gypsum, offering the highest fineness and consistency. Maha Cement says it is suitable for creating high-strength concrete stru...

Meghna Cement welcomes new MD

04 January 2024, Published under Cement News

Bangladesh-based Meghna Cement Mills Ltd , part of the Bashundhara Group , has appointed Ahmed Akbar Sobhan as its new managing director. The appointment was effective from 28 December 2023, reports Market Screener. 

Thatta Cement Co appoints new Karachi director

03 January 2024, Published under Cement News

Pakistan-based Thatta Cement Co has announced the appointment of Shaista Bono Gilani as new director, effective from 27 December 2023. The appointment of Ms Gilani marks a notable change in the leadership structure of Thatta Cement Co. The company has informed its stakeholders, including the TRE Certificate Holders of the Exchange, about this significant development. This move is expected to bring new perspectives and strategies to the company's operations and governance.

UltraTech Cement acquires 26% stake in Clean Max Terra

29 December 2023, Published under Cement News

UltraTech Cement has entered into a share subscription and shareholders agreement to acquire 26 percent equity shares of renewable energy company Clean Max Terra. The equity investment is up to INR202.5m (US$2.44m). Clean Max Terra, based in Mumbai, India, is a special purpose vehicle to set up 50MW AC/75MW DC solar power project on a captive basis in Saraipali Village, Mahasamund district, Chhattisgarh. The mostepve is part of UltraTech Cement’s strategy to meet its green power target ...

UCIL wins WCA grinding upgrade award

28 December 2023, Published under Cement News

Bangladesh-based Unique Cement Industries Ltd (UCIL) has won the World Cement Association Project Award 2023: Grinding Upgrade. The award reportedly recognises the innovative design of UCIL's grinding circuit to increase capacity and flexibility while reducing power consumption. UCIL is the only cement producer in Bangladesh to be a member of the World Cement Association (WCA). Three of the country’s most significant bridge projects - Kanchpur, Meghna and Gumti - along with other mega i...

Shiva Cement announces resignation and appointment

22 December 2023, Published under Cement News

Indian cement producer Shiva Cement Ltd has announced the resignation of Rajendra Prasad Gupta as non-executive director of the company. He will also cease to be chairman/member of the committees constituted by the Board of Directors. Aged 75, Mr Gupta has expressed his intention to retire to spend more time with his family and other commitments.  Shiva, which is part of JSW Cement , has also named Shouvik Chakraborty as an additional non-executive, non-independent director, as agreed ...