Cement News tagged under: Asia
UltraTech Cement expands capacity to 156Mta17 October 2024, Published under Cement NewsUltraTech Cement , the cement flagship of the Aditya Birla Group, has announced the completion of a significant capacity expansion, bringing its total cement production capacity to 156.06Mta. This addition forms part of the company's broader 22.6Mta capacity expansion plan, originally announced in June 2022. With this development, UltraTech solidifies its position as the third-largest cement producer globally, excluding China, with a consolidated grey cement capacity of 154.86Mta. This e... |
Dandot Cement releases financial statement15 October 2024, Published under Cement NewsDandot Cement Company Ltd has issued its 44th Annual Report and audited financial statements for the year ending 30 June, 2024. For the year under review, the company produced 182,701t of clinker, 173,740t of cement and 172,012t of sales. The company recorded gross sales of PKR3.44bn (US$12.39m) and net sales of PKR2.46bn, both compared to PKRNil the year previous. The net profit amounted to PKR20.43m where in 2023 the company saw a net loss of PKR367.44m. The company c... |
Lucky Cement announces new leadership15 October 2024, Published under Cement NewsOn 13 October, Lucky Cement 's Company Secretary, Ali Shanab, informed the Pakistan Stock Exchange (PSX) that the board of directors has appointed Mr Muhammad Sohail Tabba as the chairman of the board. Additionally, Mr Muhammad Ali Tabba has been appointed as the chief executive of the company, both of these appointments will be for a term of three years. Mr Muhammad Sohail Tabba is one of Pakistan's most prominent business leaders, the head of numerous businesses and export houses un... |
Indian cement industry growth expected to slow in FY24-2515 October 2024, Published under Cement NewsIndia's cement industry is projected to experience a slower growth rate of 7-8 per cent this fiscal year, reaching 475Mt, according to a Crisil report. This marks a slowdown from the double-digit growth recorded in the last two financial years. The first half of FY24-25 saw modest growth of just three per cent, attributed to a prolonged heatwave and labour shortages due to general elections. However, the second half is expected to see improved performance, driven by a revival in rural hou... |
Siam Cement Group expands Onnex solar power focus amidst declining technology costs14 October 2024, Published under Cement NewsSiam Cement Group (SCG) is shifting its focus to its Onnex solar energy brand, aiming to expand its power generation capacity from 200MW to 1000MW between 2025 and 2029, driven by decreasing solar technology costs. This move includes new solar projects totalling 400-500MW, which will feature solar farms, floating solar farms, and carports, according to Wachirachai Koonamwattana, head of SCG Smart Living's living solutions business. SCG’s solar business currently operates a solar farm in... |
Indian cement sector to face revenue decline in Q2FY2025 amid weak demand10 October 2024, Published under Cement NewsIndia's cement sector is expected to witness a 7.2 per cent year-on-year (YoY) drop in revenues for Q2FY25, driven by an 8.7 per cent YoY fall in realisations, according to a report by Sharekhan, a leading retail brokerage firm in India. The report highlights that despite a marginal volume growth of 1.7 per cent YoY, the sector continues to face weak demand, primarily due to sluggish infrastructure projects and adverse weather conditions. The monsoon season, combined with a delay in gove... |
Energy development organisation seeks licence to power cement industry with 18MW Hydel plant09 October 2024, Published under Cement NewsPakhunkhwa Energy Development Organization (PEDO) has submitted an application to NEPRA for a bulk electric power supply licence for its 18MW Pehur Hydel Power Plant in District Swabi. This plant, which has a total generation capacity of 18MW, will supply electricity to industrial consumers in the Gadoon Amazi Industrial Estate, including several cement-related companies. The electricity will be wheeled through the network of Peshawar Electric Supply Company (PESCO) via a 132kV transmissi... |
Bio-cement to tackle soil salinity in Thailand07 October 2024, Published under Cement NewsKing Mongkut’s University of Technology Thonburi (KMUTT) has joined hands with the Royal Irrigation Department (RID) in a project to tackle agricultural challenges caused by soil salinity in Northeast Thailand using bio-cement. According to Thidarat Bunsri, a member of the Smart Biomaterials and Technology Research Group at KMUTT, bio-cement is developed with microbial-induced calcium carbonate. Microbes from fermented fish bone residue, a byproduct of industrial-scale fish sauce production,... |
Dalmia Bharat acquires 25% stake in solar power producer03 October 2024, Published under Cement NewsDalmia Bharat Ltd , through its subsidiary Dalmia Cement (Bharat) Ltd, has entered into an agreement to acquire a 25.38 per cent stake in Bijlee Kandasamy Pvt Ltd for INR33m. This acquisition will enable Dalmia Cement to become a captive consumer of Bijlee Kandasamy's solar power generation, allowing the company to source up to 11MW of solar energy in Tamil Nadu. The move aligns with Dalmia Bharat's broader commitment to achieving 100 per cent renewable electricity by 2030 and its goal to... |
Confidence Cement invests US$68m in new facility in Narsingdi02 October 2024, Published under Cement NewsConfidence Cement PLC , a leading cement producer based in Bangladesh, is investing BDT8.15bn (US$68.2m) to construct a new production facility on 10 acres of land in Narsingdi. This expansion comes amid a slowdown in construction across Bangladesh following political changes, yet the company is positioning itself to meet future demand in Dhaka and surrounding regions. The new unit, Confidence Cement Dhaka Ltd, will have a daily production capacity of 6000tpd and is expected to create ar... |