Cement News tagged under: Indian sub-continent
Fives Combustion Systems wins Indian alternative fuel burner project19 June 2024, Published under Cement NewsFives Combustion Systems (Fives group) has won an order for the first Indian breakthrough in pneumatic feed line injection for alternative solid fuel and reduced emissions. An Indian cement manufacturer was looking for a kiln burner that would enable the use of alternative solid fuels in the main firing for its plant in the south of India. The goal was to initially achieve 20 per cent substitution rate (TSR) through only calciner firing with an aim to reach 30 per cent subsequently inclusive... |
Maple Leaf Cement reclassifies PKR26bn investment plan18 June 2024, Published under Cement NewsMaple Leaf Cement Factory Ltd informed the Pakistan Stock Exchange (PSX) on 12 June that it had reclassified its PKR26bn (US$93.3m) capital expenditure plan. In addition, the Board of Directors of Maple Leaf Cement approved that for years the company has continued its expansion and diversification strategy and has made significant investments that have enhanced shareholder enterprise value. It continue to add that the board noted that because of these reasons, the general reserve of the... |
Pakistan’s federal budget offers mixed incentives for the cement industry18 June 2024, Published under Cement NewsOn 12 June Pakistan’s Finance Minister, Muhammad Aurangzeb, presented a budget proposal of PKR18.8776trn (US$67.8bn) for FY24-25. The proposal features a record-high deficit of PKR8.5trn, broadly perceived to align with the International Monetary Fund (IMF) guidelines. The cement industry has not yet released any comments on the budget or its lack of considerable incentives for the cement industry.The industry’s sentiments were impacted when the government proposed increasing the federal... |
Siam Cement JV launches Kheda brick plant17 June 2024, Published under Cement NewsSiam Cement BigBloc Construction Technologies Pvt Ltd, a 52/48 joint venture between Gujarat based BigBloc Construction Ltd and Thailand’s SCG International Corp Co Ltd (SCG), has launched its India operations with the commercial production of its first brick plant in Kheda, Gujarat. With the vision of launching next-generation walling solution for the Indian market, the joint venture has invested around INR650m (US$7.7m) in setting up a 250,000m 3 per annum capacity project including ... |
Ambuja Cements acquires Penna Cement17 June 2024, Published under Cement NewsAdani Group subsidiary Ambuja Cements has acquired Penna Cement Industries Ltd (PCIL) for INR104,220m (US$1274m). Following this latest acquisition Adani Cement 's production capacity increased to 89Mta. It would also provide sufficient limestone reserves to Ambuja Cement. By 2028 Adani targets a total production capacity of 140Mta capacity and around 20 per cent market share. In a regulatory filing, Ambuja Cements Ltd said it will acquire 100 per cent shares of PCIL from ex... |
Pakistan's cement industry witnesses significant challenges in FY23-2414 June 2024, Published under Cement NewsThe cement industry in Pakistan grappled with a series of significant challenges in FY23-24, as reported by the Central Bank. The financial year is yet to complete hence the data represents 10FY23-24. The State Bank of Pakistan (SBP) unveiled the country’s economic survey 2023-24 on 11 June, shedding light on the state of its cement industry. The report revealed that the industry has been compelled by many challenges. The government’s fiscal limitations and restricted foreign aid have hamp... |
National Budget FY24-25 offers no direct incentive for the cement sector14 June 2024, Published under Cement NewsBangladesh’s National Budget for FY24-25 was presented by Abul Hassan Mahmood Ali, Minister of Finance, in parliament on 6 June 2024. A cursory look at budget documents reveals no direct tax measures/proposals for the cement sector, which encounters financial challenges due to the high cost of raw materials. However, some indirect tax proposals may positively impact the cement industry. The corporate tax rate, including unlisted cement firms, was lowered by 2.5 percentage points. While form... |
IKN install new cooler grate at Adani Cement13 June 2024, Published under Cement NewsAdani Cement is having a 7800tpd IKN double-stage cooler grate fitted at its Himachal Pradesh cement plant to enhance efficiency, reduce power and clinker temperature, and improve WHRS performance. This strategic initiative aims to bolster the company’s commitment to profitability and energy efficiency. The project involves replacing the first and second grates of the existing IKN Pendulum cooler, with Dynamic Linear Drive (DLD). |
UltraTech conserves record water amount in FY23-2410 June 2024, Published under Cement NewsUltraTech Cement Ltd, India’s largest cement and ready-mix concrete company, conserved 105Mm 3 of water in FY23-24, making it five times water positive in line with its stated ambition. UltraTech’s water management efforts encompass areas within the unit premises as well as beyond the fence, ie within the communities the company operates in. The 105Mm 3 of water conserved includes the water it has reused, recycled, harvested and recharged both within its unit premises and through communit... |
DG Khan Cement is exploring other destinations for export07 June 2024, Published under Cement NewsBMA Capital recently organised a webinar with Inayat Ullah Niazi, the CFO of DG Khan Cement Co (DGKC). The webinar focussed on the company’s financial performance and outlook. DG Khan Cement's CFO expects an unfavourable macroeconomic environment to cause domestic cement demand to contract by 4-5 per cent in FY23-24. However, he anticipates a recovery in demand and sees capacity utilisation hovering around 50-55 per cent in FY24-25. In terms of exports, Mr Niazi said DGKC exporte... |