Cement News tagged under: India
India: Shree Cement orders three kiln lines from KHD09 September 2016, Published under Cement NewsShree Cement has awarded KHD three more kiln lines to install, each with a capacity of 6000tpd, the first being a second line at Shree’s Raipur plant. This new line will be built in Karnataka using a three-string preheater, six-stage preheater and wil include a three-pier rotary kiln (5.4/5.m x 75m), plus a Pyrojet ® burner and Pyrostep ® clinker cooler. Shree Cement has already implemented 11 KHD high-efficiency kiln lines and several grinding stations, including 10 KHD roller presses.... |
India: Sagar Cements sales down 13.7% for 1HFY16-1708 September 2016, Published under Cement NewsSagar Cements has released its sales and production figures for the period to August 2016, reports Accord Fintech. These show that sales at the company fell by 13.73 per cent to 0.665Mt in the period April-August 2016 when compared to those of a year earlier. Production also declined, but less severely, being down by 1.52 per cent to 0.66Mt. In the month of August alone, sales were down 22.56 per cent to 0.108Mt, while production dropped to 0.102Mt, a fall of 11.21 per cent. Sagar C... |
India: Malabar Cement MD arrested over concessions to dealers06 September 2016, Published under Cement NewsMalabar Cement managing director K Padmakumar has been arrested in a corruption case. Raids were carried out by the authorities on 1 September 2016 at Malabar cement office at Valayar and at Padmakumar’s official residence. They also had examined the residence of Malabar Cement's Deputy Manager, Venugopal at Valayar, reports Kaumudi Online. The arrest was based on the complaints that Padmakumar allowed illegal concessions to cement dealers in Kozhikode, Malappuram and Thrissur and by thi... |
India: Assam cement companies bring down prices05 September 2016, Published under Cement NewsFollowing an initial reluctance, cement companies in Assam, India, have started to lower cement prices, according to reports in The Telegraph. Cement producers including TopCem Cement, Star Cement and Dalmia Cement announced a price reduction of INR25-35/bag in the Indian state. There had been protests by organisations like the Krishak Mukti Sangram Samiti (KMSS) after the companies recently decided to hike price by around INR20-40/bag. The rise in cement prices was seen as detriment... |
Competition Commission of India imposes US$944m fine for cartelisation01 September 2016, Published under Cement NewsThe Competition Commission of India (CCI) has levied a fine of INR63.2bn (US$944m) on 10 cement companies whom it accuses of conspiring to fix prices in contravention of competition law. In addition, the Cement Manufacturers Association has been ordered to pay a INR7.3m fine. Of the 10 companies, four – Jaiprakash Associates, UltraTech, Ambuja Cements and ACC – will bear the brunt of the penalties, accounting for 76 per cent of the total fine. The other firms fined today are Lafarge, Cent... |
India: My Home Industries set for 10Mta capcity01 September 2016, Published under Cement NewsWith its 1.5Mta Tuticorin plant, Tamil Nadu, expected to be commissioned in January 2017, My Home Industries is set to see its production capacity increase to 10Mta. Speaking of its ambitions in the sector, J Rameswar Rao, chairman of My Home Industries, said, “We want to go in for acquisitions in north, central and western India to further increase the capacities.” My Home Industries became a major player in the sector following its acquisition of Shriram EPC’s 3.2Mta plant in Kurnool... |
Northern India prices rebound as demand strengthens30 August 2016, Published under Cement NewsCement prices in northern India have risen by around 25 per cent YoY in the period April-July 2016, driven by rising demand, according to the Economic Times. This performance stands in contrast to other regions, where prices have either remained stable or fallen slightly. In the north, prices stood at INR305-345/bag (US$4.55-5.14), up on the same period last year and also higher than the INR225-240 seen in January 2016. Sabyasachi Majumdar, senior vice president, ICRA Ratings, said, “W... |
From coal to petcoke grinding24 August 2016, Published under Cement NewsWhen ACC decided to replace coal with petcoke as the main fuel for its kilns at the Gagal works, the vertical E-mills required a high power input as they ran for extended periods. To reduce grinding time and hence save power expenditure, the cement producer called upon Walchandnagar Industries Ltd to design, engineer, manufacture, supply and install a vertical roller mill for petcoke grinding. By L N Kshirsagar, Walchandnagar Industries Ltd and Rajeev Shrivastava, ACC Ltd, India. Walc... |
India: Assam property developers concerned over cement price rise24 August 2016, Published under Cement NewsThe Assam Real Estate and Infrastructure Developers Association (Areida) has said that a proposed rise in cement prices is “unreasonable”, the Times of India reports. Following intervention by Assam’s Chief Minister, Sarbanada Sonowal, the cement companies elected not to go through with the price increase. Despite this, Areida has said that it will still approach the Competition Commission of India (CCI) with its concerns. Areida President, PK Sharma, said: "The price of cement in Assa... |
Birla completes acquisition of Reliance Cement23 August 2016, Published under Cement NewsBirla Corporation announced that is has completed the acquisition of Reliance Infrastructure subsidiary, Reliance Cement. The deal was valued at about INR48bn (US$715.6m). Reliance Cement becomes a wholly-owned subsidiary of Birla, whose production capacity now reaches 15.4Mta, up from 9.8Mta, as a result of the deal. Reliance Cement operates a 5.08Mta integrated capacity at Maihar (Madhya Pradesh) and Kundanganj (Uttar Pradesh) as well as a 0.5Mta grinding unit at Butiburi (Maharashtra).... |