Cement News tagged under: india
Maadesh Cements plans cement grinding unit in Tamil Nadu07 May 2019, Published under Cement NewsIndia-based Maadesh Cements is planning the two-phase construction of a 300tpd cement grinding unit in Kattur village, Vellore district, Tamil Nadu. The first phase will see the building of a 100tpd plant. To build the works the company has acquired a 1.57ha plot of land and estimates the project cost at INR50m (US$721,175). To produce OPC and PPC cement, Maadesh Cements will install a 20tph ball mil and draw 600kVA of power from the state grid. Quotations for the equipment have been rec... |
UltraTech clinker grinding project to start in October03 May 2019, Published under Cement NewsUltraTech Cement is preparing to set up a 3Mta clinker grinding unit in Cuttack district, Odisha, India. The INR5.59bn project,which will be funded through a bank loan, will be located on a 36.4ha site. It is expected to provide employment to 120 people. The company has received environmental clearance for the project, which is expected to start by October 2019. |
Shree Digvijay Cement Co appoints directors03 May 2019, Published under Cement NewsShree Digvijay Cement Co Ltd has appointed Anil Singhvi and Pramod Kabra as non-independent directors with effect from 30 April 2019. In addition, the board of directors has also appointed Mini Menon and Mahesh Gupta independent non-executive directors. |
Ambuja Cement records 57% PAT increase in 1Q1901 May 2019, Published under Cement NewsIndia’s Ambuja Cement Ltd (LafargeHolcim) has announced its stand-alone results for the 1Q19, recording a 57 per cent YoY increase in net profit after tax to INR4.27bn (US$61.4m) from INR2.72bn. However, its operating EBITDA declined 8.7 per cent to INR4.63bn from INR5.07bn. Net sales rose three per cent to INR28.47bn in the first quarter of 2019, compared with INR27.63bn of the year-ago period. In particular, cement sales showed four per cent growth to finish at 6.37Mt against 6.22Mt of t... |
QNCC looks to export 3Mta of clinker to Africa, Asia and Kuwait29 April 2019, Published under Cement NewsQatar National Cement Co (QNCC) is now looking to export as much as 3Mta of clinker, particularly focussing on markets in Africa, Asia (including India) and Kuwait. "We are looking at Africa, Asia and some of the Gulf countries. We have 3Mt of clinker (for exports)" said Salem Butti Al-Naimi, QNCC chairman and managing director. The announcement comes after the company commissioned its 5000tpd fifth plant in February this year. According to Mr Al-Naimi, the potential export markets such ... |
ACC shows 38% growth in profit for the 1Q1926 April 2019, Published under Cement NewsIndia's ACC (LafargeHolcim group) has reported a 38 per cent YoY increase in profit after tax to INR3.46bn (US$49.51m) in the 1Q19, compared with INR2.5bn of the year-ago period. Total income advanced 11 per cent in the first quarter to INR40.76bn from INR36.72bn. Net sales also rose by eight per cent to INR38.50bn against INR35.57bn in the 1Q18. The company's cement segment was up 5.6 per cent YoY in sales volume during Jan-Mar 2019, reaching 7.5Mt from 7.1Mt. Revenue from the sector clim... |
UltraTech Cement records positive results for FY18-1925 April 2019, Published under Cement NewsIndia’s UltraTech Cement (Aditya Birla Group) has reported a 9.6 per cent YoY increase in consolidated profit after tax to INR24.35bn (US$347.6m) for the year ended 31 March 2019. Revenue for the fiscal rose 20.4 per cent to INR367.75bn from INR305.41bn. However, the company noted in an exchange filing that its results for the FY18-19 and final quarter are not comparable with previous periods due to the merger of Binani Cements into the company. In the 4QFY18-19 UltraTech Cement saw its co... |
Shiva Cement announces net loss in the 4QFY18-1924 April 2019, Published under Cement NewsIndia’s Shiva Cement has reported a net loss of INR51.2m (US$732,110) for the quarter ended March 2019, against a net profit of INR24.1m during the year-ago period. Sales declined 5.6 per cent YoY to INR84.2m from INR89.2m. For FY18-19, the company’s net loss narrowed to INR212.6m from INR310.9m. Meanwhile, sales increased 16.3 per cent to INR293.8m in the full-year period, compared with INR252.6m of the previous financial year. |
Infrastructure projects lead to shift in Indian cement demand15 April 2019, Published under Cement NewsThe Indian government’s infrastructure drive is leading to a shift in demand for cement. The last few years have seen cement demand for the infrastructure sector advance by five per cent with the share of the housing sector in total cement consumption falling, according to the Business Standard. Infrastructure now accounts for 20 per cent of cement demand, according to HM Bangur, managing director at Shree Cement. “State and central government road projects and other infrastructure like po... |
GCCA welcomes new member companies09 April 2019, Published under Cement NewsThe Global Cement and Concrete Association (GCCA) has added cement companies from India, China, Peru and Mexico to its growing global membership base which now totals 36 member companies and 15 affiliates. The new members are Corporacion Moctezuma (Mexico), Unión Andina de Cementos SAA (Peru), JSW Cement (India) and West China Cement (China). Benjamin Sporton, chief executive officer of GCCA said: "The continuing and rapid growth of the Association’s membership is very encouraging. With a ... |