Cement News tagged under: India
Holcim held back by weaker Indian and Mexican markets05 November 2013, Published under Cement NewsHolcim's turnover for the first nine months declined by 6.1 per cent to CHF14,941m, as weaker Indian and Mexican markets hold back the company's performance. In euro terms the reduction was 8.0 per cent to EUR12,136m and in US dollar terms the decline was 5.7 per cent. The Asia Pacific region generated 37.5 per cent of group turnover, down from 39.3 per cent a year earlier, while Europe represented 28.4 per cent, up from 26.5 per cent. Latin America contributed 17.1 per cent against 15.6 ... |
Zuari Cement breaks ground on new grinding plant, India31 October 2013, Published under Cement NewsItalcementi group company Zuari Cement has launched the construction of a 1Mta grinding unit in Solapur, Maharashtra. The groundbreaking ceremony, held on Wednesday, was attended by Nabil Francis, Managing Director, Zuari Cement;, HS Ramesh, director – Business Development, and S Sundaram, VP - Projects. The new Maharashtra unit is expected to be operational in the second quarter of 2015 and will serve the southern and western parts of the state. The facility will also be designed to d... |
Global demand growth outlook downgraded28 October 2013, Published under Cement NewsA recent report by Morgan Stanley has lowered the growth outlook for global cement demand for 2013 to adjust for a changing economic landscape in emerging regions. Following economic updates by its analysts, which cut GDP forecasts for most emerging countries, cement volume expectations have been significantly trimmed in half of the world’s regions. The research house now expects two per cent growth in global cement demand in 2013 (excl. China) followed by 3.5 per in 2014 – marking the slo... |
Bangladesh sets next export revenue target24 October 2013, Published under Cement NewsThe government of Bangladesh has set an export revenue target of US$6.46m for cement, stone and salt over FY13-14 its export Promotion Bureau (EPB) has said. However, the country is facing a number of challenges as deliveries to its main export market of India have recently been in decline. Over FY12-13 Bangladesh exported US$6.15m, with earnings including minor amounts of stone and salt. In July 2013 alone, Bangladesh earned export revenues of US$0.71m compared to US$0.56m in the same mont... |
Power supplies restored at Birla's Durgapur unit24 October 2013, Published under Cement NewsBirla Corporation has resumed cement production at its Durgapur Cement plant as power has been restored after the severe Cyclone Phailin that hit eastern areas of the country earlier this month. Power was restored on 22 October 2013 by Damodar Valley Corporation after the cyclone caused damage to high tension lines and pole structures. In a statement released on 16 October to the Bombay Stock Exchange, Birla said that it had initiated the necessary action to resume supplies together with ... |
UltraTech Cement's quarterly profit falls 52% YoY21 October 2013, Published under Cement NewsUltraTech Cement, India’s largest cement maker, posted a 52 per cent decline in net profit for the July-September quarter, mainly due to lower selling prices and subdued demand. The company reported a net profit of INR2.6bn (US$42m) for the quarter ended 30 September. Domestic cement and clinker sales stood at 9.1Mt. It noted that cement demand remained “sluggish due to a prolonged monsoon and a “low-take off from the infrastructure and housing sectors.” It further added that a sof... |
HeidelbergCement India reports quarterly loss17 October 2013, Published under Cement NewsHeidelbergCement India has reported a loss for the third quarter of 2013 due to higher finance costs and depreciation expenses. During the July-September period of 2013 the company reported a INR28.35 crore loss having registered a INR7.5 crore net profit in the same quarter of the last fiscal, it said in a filing to the Bombay Stock Exchange. Total expenses rose to INR314.43 crore during the quarter from INR242.87 crore a year earlier mainly because of higher finance costs and deprecia... |
Production halted at Birla Corp's Durgapur units due to east coast cyclone, India16 October 2013, Published under Cement NewsBirla Corporation said production at its Durgapur cement unit in West Bengal has been affected by the severe Cyclone Phailin that hit eastern areas of India earlier this week and the company is now working towards restoring power before operations can resume. "The operations at the company's Durgapur Cement units have been affected on account of severe 'Tornado' on October 13, 2013, which damaged local high tension line and pole structure... The production of cement can be resumed only af... |
Lafarge confirms commitment to Indian market15 October 2013, Published under Cement NewsDespite the current slowdown on the Indian market, Lafarge has reaffirmed its commitment given the country’s huge long-term potential. In an interview with the Economic Times (ET) of India, Martin Kriegner, CEO of Lafarge India, said that even though market growth has slowed from original projections, the company aims to be “more resilient” and is not giving up on any segments. “In the short term, we balance our portfolio. India's potential is huge in infrastructure. The market is valued a... |
Reliance prepares to commission Madhya Pradesh plant, India08 October 2013, Published under Cement NewsReliance Infrastructure is to commission its 5Mta cement plant in the central Indian state of Madhya Pradesh by the end of this month which will expand the company’s domestic reach. Reliance Infrastructure, whose main interests are the power distribution and infrastructure development businesses, set up its Reliance Cement subsidiary which would use the fly ash generated from its power unit to manufacture cement. "We are delighted to add the cement business to our portfolio of high growt... |