Cement News tagged under: India
JSW completes acquisition of HeidelbergCement India grinding unit08 October 2013, Published under Cement NewsJSW Steel has completed the acquisition of HeidelbergCement India’s 0.6Mta grinding plant in Raigad, Maharashtra, for an undisclosed sum. The two companies signed the Business Transfer Agreements for the acquisition on 5 October, both said in respective filings with the Bombay Stock Exchange. ??"The transaction will be consummated only after obtaining all relevant approvals required under applicable laws," it further said but did not disclose the value of the deal. The Raigad works was... |
India's fuel challenge07 October 2013, Published under Cement NewsThe Indian cement industry is failing to realise the potential for alternative fuels and raw material (AFR) utilisation, but resolves to raise the thermal substitution rate (TSR) to 25 per cent by 2030, from the current level of less than one per cent. This was the conclusion of a two-day conference held in Delhi in August on co-processing in cement plants, convened by the Cement Manufacturers’ Association (CMA) of India and the Washington-based Institute for Industrial Productivity (IIP). ... |
HeidelbergCement03 October 2013, Published under Cement NewsHeidelbergCement aims to increase its cement capacity in India to around 15Mta within the next few years. This is likely to involve one or more acquisitions. |
India: Dalmia Cement wins Manufacturing Today Award03 October 2013, Published under Cement NewsDalmia Cement, Ariyalur, has won the prestigious ‘Manufacturing Today Award 2013’ for excellence in technology, CSR, supply chain management, and sustainability. The award was sponsored by ‘Manufacturing Today’ magazine. Anil Bajaj, unit head of Dalmia Dement, Ariyalur, received the award at a function held in Pune on 28 September. The company has taken stringent measure to ensure sustainability of raw materials and resources. Being one of the most fuel and energy efficient plant, Dalmia Ce... |
India: tender causes 'CSR obligation' query02 October 2013, Published under Cement NewsThe Companies Act that came into force from this year has mandated that companies have to set aside at least two per cent from their net profit for expenditure on corporate social responsibility (CSR). But the rules issued by the Ministry of Corporate Affairs note that CSR cannot be interpreted as the main business activity of a company. The expenditure has to be over and above it, but this tender shows the companies can potentially claim a part of their business expenditure as CSR. State-r... |
India: rejuvenating a cement brand under HeidelbergCement01 October 2013, Published under Cement NewsHaving advised HeidelbergCement AG in its acquisition of the SK Birla-owned Mysore Cement, Ashish Guha, CEO of HeidelbergCement India (HIL), has steadily been rebuilding HeidelbergCement India. It was seven years ago when Daniel Fritz, who headed the multinational’s Asia Pacific market, asked Guha if he would be willing to take up the position of CEO and managing director of HIL. Apart from Mysore Cement, the new entity would include Indorama Cement, which HeidelbergCement had bought earl... |
India: Binani seeks power entry30 September 2013, Published under Cement NewsTheh Binani group is planning to enter the power generation sector, mostly through acquisitions. The Indian company already has a presence in cement, zinc and glass fibre sectors, but sees the energy market as its next logical way to progress. Binani Industries, the listed entity of the group, is the holding company for Binani Cement and Binani Zinc, both of which were delisted from the bourses. The group has already begun a process of transferring group holding outfit Binani Industries' 1... |
JK Cement expands capacity to support sales volume30 September 2013, Published under Cement NewsJK Cement is increasing capacity by 3Mta through two split-grinding units of 1.5Mta each in Haryana and Rajasthan in the northern region, lifting its grey cement capacity to 10.5Mta. The projects are expected to be completed by June 2014 and should help in realising higher volumes. At present, 2QFY14 results are expected to be subdued due to lower volumes and cement prices. Grey cement volumes are forecast to decline 10 per cent as the company’s southern plant noted a 30 per cent drop in ... |
Jaiprakash shortlists new round of divestments26 September 2013, Published under Cement NewsHot on the heels of selling its Gujarat cement facilities to UltraTech earlier this month, Jaiprakash Associates has initiated talks to sell two units in the Indian state of Himachal Pradesh to further trim its debt. According to local press reports who have cited multiple sources familiar with the deal, Jaiprakash is in talks with potential buyers to sell a 2Mta integrated works and a 2Mta grinding unit, both in the Solan district. Preliminary discussions have begun with a few global a... |
Preview: 13th NCB International Seminar & Exhibition24 September 2013, Published under Cement News13th NCB International Seminar and Exhibition on Cement and Building Materials 19-22 November 2013, Manekshaw Centre, New Delhi, India This biennial event attracts global participation from cement producers, industry experts and other stakeholders active in the world of cement. The NCB’s role is to encourage development and transfer of knowledge through its continuous research and education for the cement and building materials sector in India. Delegates attending the NCB’s Seminar in N... |