Cement News tagged under: india
India records cement price increase in February07 March 2019, Published under Cement NewsCement prices across India rose by around INR25/50kg (US$0.35/50kg) last month on the back of increased demand, reports The Hindu Business Line. The southern region recorded the steepest rise per bag at INR52 in Bengaluru, INR62 in Chennai and INR77 in Hyderabad. In comparison, price hikes in other regions were more moderate at INR26 in the west, INR12 in the east and INR7 in the central area. Meanwhile, prices in the northern region saw a minor increase of INR4/50kg bag due to a slower ... |
LafargeHolcim04 March 2019, Published under Cement NewsLafargeHolcim’s Indian subsidiary ACC Ltd reported an 8.5 per cent rise in cement deliveries in 2018 to 28.4Mt and in the fourth quarter the advance was 8.7 per cent to 7.5Mt. Cement capacity increased by 5.9Mta thanks to a new greenfield operation in Madhya Pradesh and a new grinding plant in Uttar Pradesh as well as expansions to the plants in Tikaria and Sindri. Ready-mixed concrete deliveries improved by 16.6 per cent to 3.16Mt in the year, helped by the commissioning of 18 new plants du... |
Pakistan cement industry facing challenges28 February 2019, Published under Cement NewsA number of Pakistan cement companies have shown poor financial performance in 1HFY19, due to a combination of factors, including dwindling local demands and the rising cost of production. According to local media, the government has not only slashed Public Sector Development Programme (PSDP) spending, but private sector commercial and housing construction spending has also cooled, leading to lower cement sales, particularly in the northern zone. For northern players that export to Afghan... |
UltraTech27 February 2019, Published under Cement NewsCement demand in India is expected to expand by 1.2 times the GDP growth rate over the long term, according to UltraTech. This will be driven by increased government spending on large infrastructure projects and low cost housing. Just last month the Reserve Bank of India forecast an economic growth rate of 7.4 per cent for 2019-20. India is home to around 65 cement producers with over 220 plants. Total installed capacity stands at around 470Mta, of which UltraTech controls 105Mta. With pe... |
JK Cement announces two grinding projects22 February 2019, Published under Cement NewsIndia's JK Cement is expected to invest around INR4.5bn (US$63.24m) to set up two cement grinding units. Approximately INR2.5bn will be spent on a 0.7Mta unit in Balasinor, Gujarat, while the remaining amount will be invested in a facility in Aligarh, Uttar Pradesh. |
India raises cement import duties to stop Pakistan shipments20 February 2019, Published under Cement NewsPakistani exports of cement to India have been suspended, due to growing tension between Islamabad and Delhi over a recent terrorist attack in Pulwama, in Jammu and Kashmir, India. India has de-listed Pakistan from the status of 'Most-Favoured Nation' and increased import duty by 200 per cent on all imports from Pakistan, including cement and reportedly suspension of trade from border for the last few days. Meanwhile, according to a private TV channel, "around 300 trucks carrying ceme... |
Ambuja sees 188% 4Q net profit surge19 February 2019, Published under Cement NewsAmbuja Cements' sales rose 6.7 per cent to 13.63Mt in the quarter ended 31 December 2018 from 12.78Mt in 4Q17. This resulted in a total income of INR68.552bn (US$959.7m) in the October-December 2018 quarter, up 9.3 per cent YoY, while consolidated net profit surged 188 per cent to INR13.779bn. In its outlook LafargeHolcim-owned Ambuja Cements said the higher investment in the road network and housing sector, announced in India’s interim Budget 2019 will help boost economic development in ... |
Saurashtra Cement reports net loss of INR6.7m18 February 2019, Published under Cement NewsIndian cement producer Saurashtra Cement saw its net profit fall to INR6.7m (US$93,790) in the quarter ended December 2018 when compared with INR33.2m in the year-ago period. Sales rose 11.3 per cent to INR1.585bn in the October-December 2018 from INR1.424bn in October-December 2017. |
KCP starts commercial production at Muktyala II18 February 2019, Published under Cement NewsIndia-based KCP has started commercial production on the second line of its plant in Muktyala, Andhra Pradesh, according to the company’s notification to the Bombay Stock Exchange. Some minor work such as the packing facilities of the 1.66Mta cement works remains outstanding but the company expects to complete this in about two months’ time. The latest addition takes the total capacity of KCP to 4.3Mta. In addition, the company is further expanding its capacity with a 0.5Mta grinding uni... |
Pakistan exports of cement to India expected to fall18 February 2019, Published under Cement NewsPakistan cement exports to India are likely to be affected following the Indian government's announcement to scrap the 'Most-Favoured Nation' status to Pakistan, after an attack on Indian forces in Pulwama , Jammu and Kashmir, India, recently. According to Al Habib Capital Markets, Pakistan's cement exports are expected to suffer most due to this unwanted tension between India and Pakistan. During 7MFY19 Pakistan's total cement exports stood at ~2.876Mt, up four per cent, YoY, of which c... |