Cement News tagged under: India
Pakistan exports rise 24% YoY in value25 March 2013, Published under Cement NewsPakistan has reported flat growth in export sales in terms of volume for the first eight months of fiscal 2012-13, but a strong advance has been reported in terms of value thanks to improvements in the price per tonne of cement. During the July 2012 – Feb 2013 period, Pakistan exported 5.59Mt of cement with a value of US$376.85m compared to 5.589Mt at US$303.71m in the same period of last year. This represents a growth in volumes of 0.03 per cent but a rise in dollar value of 24.08 per ce... |
UltraTech commissions clinker and grinding projects, India25 March 2013, Published under Cement NewsIndia’s leading cement producer, UltraTech Cement, has commissioned two new cement facilities as part of its ongoing expansion drive. The company has informed the Bombay Stock Exchange that it has commissioned its 3.3Mta brownfield clinker plant at Rawan, Raipur, Chhatisgarh state. Meanwhile, it has also commissioned a 1.6Mta grinding unit in Hotgi, Solapur, Maharashtra. The company is also carrying out a brownfield clinker project at Karnataka, as well as grinding projects and waste h... |
Loesche awarded new contract for ACC project20 March 2013, Published under Cement NewsLoesche, in a consortium with KHD, has been awarded a contract for its vertical roller mill technology to be employed at ACC’s Jamul plant in India. Loecshe will supply its mills type LM 56.3+3 and LM 43.3 D for the new project being undertaken by Holcim group company ACC. Part of the clinker produced in Jamul will be ground at the cement plant while another part will be processed at grinding terminals, for which a Loesche Mill Type LM 56.3+3 CS equipped with a classifier type LDC will ... |
COMPAT reserves order on cement firms appeal, India19 March 2013, Published under Cement NewsIndia’s Competition Appellate Tribunal (COMPAT) has reserved its order over a batch of appeals filed by cement producers contesting the INR63.07bn (US$1.1bn) penalty imposed by the Competition Commission of India for cartel practices. According to Press Trust of India, a COMPAT bench reserved its order after hearing the submissions. The CCI had found "cement manufacturers in violation of the provisions of the Competition Act, 2002 which deals with anti-competitive agreements including ... |
Clinker import tax hike threatens small, medium-sized producers in Assam, India18 March 2013, Published under Cement NewsMedium and small-sized cement producers in Assam have criticized a proposal by the state government to raise the import tax of clinker by four per cent. The new proposal will see the entry tax on clinker raised from two to six per cent, applicable only to small and medium units, according to reports in the Economic Times. Industry sources said the proposal to raise the entry tax would adversely affect the small grinding units in the state. "It will increase the cost of production of the... |
HSBC Global increases stake in India Cements15 March 2013, Published under Cement NewsHSBC Global Investment Funds has purchased 384,345 shares of India Cements Ltd for an undisclosed sumy, the cement producer said in a notice to the stock exchanges. Following the acquisition, HSBC Global Investment's stake in the company has risen to 5.12 per cent, India Cements noted. |
Operations resume at Awarpur plant, India15 March 2013, Published under Cement NewsOperations have resumed at UltraTech’s Awarpur cement plant in the state of Maharashtra following a temporary closure due to strike action. The 3.6Mta has been shut since 14 March 2013 due to worker’s unrest but were restarted yesterday morning. UltraTech said in a filing to the stock exchanges that "operations at the aforesaid unit [Awarpur Cement Works] have since resumed from March 14, 2013." India's largest cement company had said on 1 March that the stoppage would not have a majo... |
COMPAT hearing set to resume, India13 March 2013, Published under Cement NewsThe Competition Appellate Tribunal (COMPAT) hearing is to resume today over petitions filed by cement companies over the INR63.07bn (US$1.1bn) penalty imposed by the Competition Commission of India (CC) on grounds of price collusion. The Press Trust of India reported that a COMPAT bench headed by it Chairman, Justice V S Sirpurkar would start its hearing on March 13 adjourned on 4 March. CCI had found "cement manufacturers in violation of the provisions of the Competition Act 2002 which... |
Credit Suisse expects improved Indian pricing environment12 March 2013, Published under Cement NewsThe Indian cement sector could see an uptick in cement prices in the first quarter of fiscal 2014 with the biggest improvements expected to be in the north, a report on the sector by Credit Suisse has said. "Cement prices may increase in seasonally strong quarters. Demand pick-up in seasonally strong quarters of March and June should drive accretive price increases for the sector," Credit Suisse said in its research report. In terms of price improvements by region, the investment bank ... |
Vizag Cement inaugurates slag grinding plant, India12 March 2013, Published under Cement NewsThe Vizag Cement Works has officially inaugurated its slag grinding unit at the Visakhapatnam Special Economic Zone, a major industrial centre in the state of Andhra Pradesh, India . Vizag Cement was wholly-acquired by ACC Ltd from Encore Cements & Additives Pvt Ltd in January 2010. The acquisition had helped ACC build its presence in Andhra Pradesh and in the coastal parts of Odisha. The plant manufactures two main products, Portland Slag Cement and Coastal+ Cement, an environmental-fr... |