Cement News from International Cement Review

UltraTech boosts capacity and reports third quarter results
Corporate - 22 October 2019

UltraTech boosts capacity and reports third quarter results

UltraTech completed the acquisition of Century's cement business, with the Scheme of Demerger  effective from 1 October 2019. With this acquisition, UltraTech's cement manufacturing capacity stands augmented to 117.4Mta, including its overseas capacity. This makes UltraTech the third-largest cement company in the world, outside of China. It is also the only company in the world to have a capac...

International - 22 October 2019

Indonesian market stable, export sales see hike in September

Cement consumption in Indonesia remained largely stable at 6,728,921t in September 2019 when compared with September 2018, according to the latest data by the country’s cement association, ASI. Demand in the key market of Java remained level at 3,841,656t with higher sales on West Java (1,141,159t, up 9.6 per cent) and Yogyjakarta (119,297t, up nine per cent) offset falling deliveries in Jak...

Trading - 16 October 2019

Al Jouf Cement renews export licence

A company statement for Al Jouf Cement of Saudi Arabia stated that the company has received its renewed cement export licence as well as a new clinker export licence on 15 october 2019. Both licences are active immediately. Al Jouf Cement received its first cement export licence in February 2017.

Freight Markets - 17 September 2019

Indian Railways introduces surcharge exemption for major commodities

Major commodities transported by Indian Railways such as cement, clinker, coal, food grains and fertilisers will be exempt from a 15 per cent surcharge between 1 October 2019-30 June 2020. Usually, between October and June, a surcharge of 15 per cent is levied on base freight and is known as a busy season surcharge (BSC). Furthermore, a five per cent supplementary charge on mini and two-poi...

Corporate - 22 October 2019

Fauji Cement reports fall in profit by 63% in 1QFY20

Pakistan-based Fauji Cement Co Ltd (FCCL) has announced its financial results for 1QFY20 on 21 October. It posted a net profit after tax of PKR293m (US$1.87m), down 63 per cent YoY, compared to PKR801m earned in same quarter last year, says a filing of company to Pakistan Stock Exchange. The major factor responsible for this fall was the drop in sales to PKR4.2bn from PKR5.3bn during this acco...

Environmental - 22 October 2019

Re-Gen Waste expands alternative fuel facility

Ireland-based Re-Gen Waste has invested GBP5m to develop its alternative fuel production facility at Carnbane industrial estate, Newry. The expanded facility is expected to reach full production by next month. The company already exports 80,000tpa of solid recovered fuel (SRF) but will now manufacture higher calorific value pellets and baled material for the cement and steel industries. The...