Cement News tagged under: Asia
US$200m cement plant to be established in Balkh19 November 2024, Published under Cement NewsLocal officials in Balkh province ( Afghanistan ) have announced that Afghan and Chinese companies are planning to establish a cement factory in the region at an estimated cost of US$200m. Malawi Noorulhadi Abo-Edris, deputy governor of Balkh, told a Bather Agency reporter that these companies are set to invest in the construction of a cement factory in the province, valued at US$200m. He further explained that the factory will be built on 1,214,000m 2 (300 acres) of land, with a produc... |
Overcoming AF challenges in achieving carbon neutrality18 November 2024, Published under Cement NewsThe operational challenges posed by climate change and energy shortages in cement production have led to a growing emphasis on adopting alternative fuels (AFs), particularly biomass, to reduce greenhouse gas emissions and improve energy security. SCG Cement and Green Solution Business’ success in integrating AFs is a notable example. However, to ensure smooth operations, potential issues such as clogging and abrasion in the production process must be proactively managed. By Palakrit Tinnakor... |
Pakistan's cement industry sees 9% growth in October 2024, driven by robust exports06 November 2024, Published under Cement NewsPakistan’s cement industry reported an 8.7 per cent increase in total dispatches for October 2024, reaching 4.357Mt compared to 4.006Mt in the same month last year, according to data from the All Pakistan Cement Manufacturers Association (APCMA). Local cement dispatches declined by 0.5 per cent to 3.276Mt, while exports surged by 51.3 per cent to 1.08Mt. Usama Rauf of AKD Securities Ltd commented on the data, explaining that the annual decline in local sales is primarily due to a 21 per ... |
Power Cement appoints Muhammad Arif Habib as chairman of the board30 October 2024, Published under Cement NewsPower Cement Ltd has announced the appointment of Muhammad Arif Habib as its new chairman of the board, effective October 28, 2024. Mr Habib replaces Nasim Beg, marking a significant shift in the leadership of one of Pakistan’s key cement producers. Muhammad Arif Habib, a well-known figure in Pakistan's corporate landscape, brings extensive experience in the finance and investment sectors. As chairman of Arif Habib Corp Ltd, one of Pakistan’s largest conglomerates, his expertise spans i... |
JK Cement announces 75% drop in net profit for 2Q2429 October 2024, Published under Cement NewsJK Cement Ltd has announced a steep 74.7 per cent YoY drop in its net profit for the July-September 2024 quarter, with earnings falling to INR452m (US$5.38m), far below analysts' estimates of INR981.1m. Revenue from operations declined by seven per cent to INR 23.92bn, while sequentially, the company saw a 77.7 per cent drop in net profit and a 9.5 per cent decrease in revenue. In the July-September 2024 period, JK Cement's total expenditure edged slightly higher, reaching INR23.65bn fr... |
Dalmia Cement plans 100% renewably-powered plant in Madhya Pradesh24 October 2024, Published under Cement NewsDalmia Cement has announced plans to construct a 4Mta cement plant in Madhya Pradesh, becoming the first such facility in India to operate entirely on renewable energy. The project, valued at approximately INR30bn (US$ 356.82m) was revealed by Group Managing Director, Punit Dalmia, during the fifth Regional Industry Conclave (RIC) held in Rewa district on Wednesday. The new plant is part of Dalmia Cement’s broader commitment to sustainability and clean energy, with the company aiming ... |
High electricity costs trigger price hikes among Vietnamese cement producers23 October 2024, Published under Cement NewsVietnam’s leading cement manufacturers, including Vicem Bim Son, Bút Son, The Vissai, Thành Thang Group, and Xuân Thành Cement, have announced price hikes starting from 20 October 2024, driven by rising production costs, particularly due to higher electricity prices. The adjustment will see cement prices increase by VND50,000/t (US$1.97/t) across most producers, with The Vissai opting for a smaller rise of VND46,300/t. According to a Thành Thang Group representative, the hike follows a... |
Adani group acquires Orient Cement22 October 2024, Published under Cement NewsAmbuja Cements , part of the Adani Group , has agreed to acquire Orient Cement Ltd at the equity value of INR81bn (US$963.4m). This binding agreement set Ambuja to acquire a 46.8 per cent stake in Orient Cement. This acquisition will add 16.6Mta capacity, accelerating Ambuja’s journey to an operational capacity of over 100Mta in FY24-25. The target capacity of the group is 140Mta by 2028. This acquisition will provide an additional capacity of 6Mta in north India, leveraging Orient Cemen... |
UltraTech Cement reports a slight decrease in performance22 October 2024, Published under Cement NewsUltraTech Cement Ltd has released their quarterly performance for the 2QFY25. Consolidated net sales was at INR153.08bn (US$1.82bn) compared to INR157.35bn in the same period a year previous, reflecting a 2.7 per cent decrease. EBITDA was at INR22.39bn, a 17.6 per cent decrease YOY from INR27.18bn. Profit after tax also saw a decrease, falling 35.9 per cent YoY from INR12.81bn to INR8.20bn. With this report, UltraTech have also presented some of the highlights despite what they hav... |
Dalmia Bharat reports decline in profits21 October 2024, Published under Cement NewsDalmia Bharat Ltd has reported a 60.1 per cent decline in consolidated net profits to INR490m (US$5.8m) for the September quarter due to a decline in cement prices. The company had posted a net profit of INR1.23bn for the same period last year. In this period, the company has noted that operations are also down 2.09 per cent to INR3.08bn from INR3.15bn in the previous year. Sales volume was up by 14.1 per cent to 6.7Mt YoY. Dalmia Bharat’s CFO, Dharmender Tuteja, said, “We delivere... |