Cement News tagged under: Indian sub-continent
Pakistan producers await budget FY2310 June 2022, Published under Cement NewsPakistan’s cement producers will be paying close attention to the government’s federal budget for FY23, which is due to be announced today. The industry hopes it will include a number of measures to help boost growth over the next couple of years. Although there has been a revival in construction activity following the easing of lockdowns, cement demand remains sluggish due to inflation and high commodity prices. In May FY22 the industry declined by 15.9 per cent YoY with total cement di... |
Dalmia Bharat Ltd announced INR90,000m capex spending10 June 2022, Published under Cement NewsDalmia Bharat Ltd has said that the government's continued focus on the infrastructure and housing sectors builds ‘optimism’ for the cement industry and the company has committed to a capex of over INR90,000m to expand its manufacturing capacity over the next few years to meet the growing demand. "Aligned with the government's vision of building a stronger India, we committed a capex of INR90,000m over the next few years. We are eyeing greenfield units and the debottlenecking... |
High cost of manufacturing influences cement dispatches in May 202208 June 2022, Published under Cement NewsTopline Securities has stated that Pakistan’s cement sales were affected in May 2022 mainly due to the Eid holidays and economic slowdown. The attrition in exports is on the back of disruption in the global supply chain, resulting in higher sea freight charges. The All Pakistan Cement Manufacturers Association (APCMA) remarked that the continuous downfall of the rupee coupled with the skyrocketing prices of coal, electricity and petroleum products is badly affecting the business momentum. ... |
ACC Ltd releases ACC Gold Water Shield08 June 2022, Published under Cement NewsACC Ltd ( Holcim Group ) has developed ACC Gold Water Shield, which is the country’s first specially-formulated cement with high-quality water-repelling properties. The product ensures that structures made with it are durable and protected from dampness or seepage. ACC Gold Water Shield is specially formulated cement with high-quality water-repellent properties. With water repellence engineered at a particle level, it reduces the capillary action thus shielding homes from dampness and see... |
UltraTech Cement to invest INR128,860m for 22.6Mta capacity expansion07 June 2022, Published under Cement NewsThe Board of Directors at UltraTech Cement (Aditya Birla group) has approved capex of INR128,860m (US$1659m) to raise cement capacity by 22.6Mta with a mix of brownfield and greenfield projects. This will be achieved by setting-up integrated and grinding units as well as bulk terminals. The additional capacity will be created across the country. Kumar Mangalam Birla, chairman, Aditya Birla Group, said, “This ambitious capacity expansion plan is a significant milestone in the ongoing... |
Tokyo Cement reports 31% jump in turnover07 June 2022, Published under Cement NewsTokyo Cement has reported a 31 per cent YoY increase in turnover to LKR16,158m (US$45m) in the fourth quarter of its financial year, ending 31 March 2022. Compared to the same period a year earlier, sales volumes declined by 11 per cent due to a breakdown at one of the company's grinding mills and the lack of availability of raw materials. For the current financial year as a whole, the company’s sales volumes improved by just one per cent, while turnover saw YoY growth of 22 per cent to LK... |
Perfect planning for Shree Cement's new Raipur clinker line27 May 2022, Published under Cement NewsAchieving its first clinker production in March 2022 , Shree Cement says its new 9000tpd Line 3 at Raipur cement plant, India, was successful because it portrayed a perfect harmony in project planning. "It showed the commitment of Shree Cement and FLSmidth teams, combined with FLSmidth's technologies and process expertise," said Shree Cement. Prashant Bangur, joint MD of Shree Cement, adds, " It was an extraordinary teamwork between FLSmidth and Shree Cement to commission a large pr... |
Bestway Cement Ltd plans greenfield Punjab plant24 May 2022, Published under Cement NewsBestway Cement Ltd has announced its plans to setup a greenfield cement plant with a capacity of 7200tpd of clinker in Punjab province, Pakistan, along with 9MW waste heat recovery plant. Bestway Cement has entered into an agreement with Sinoma International Engineering Co of China for engineering, procurement and construction (EPC). “In view of increasing demand for cement in the country, Bestway Cement has decided to setup a greenfield cement plant in District Mianwali along with 9... |
What to make of Holcim's Indian exit?20 May 2022, Published under Cement NewsHolcim Group agreed to sell its Indian cement businesses this week for US$10.5bn in cash to the Adani Group. ICR reports on the deal and what this means for the Indian cement sector and Holcim going forward. The Adani Group is a coal, power, ports and renewable energy conglomerate that had only a small footprint (Adani Enterprises Ltd) in the cement sector before its interest in Holcim companies, ACC Ltd and Ambuja Cements. The latest acquisition will make Adani the second-largest player ... |
Pakistan's government to conduct cement industry report19 May 2022, Published under Cement NewsPakistan’s government plans to conduct research reports on the cement, automobile and fertiliser sectors in Pakistan. The feasibility report will be conducted by Pakistan Industrial Development Corp (Pvt) Ltd (PIDC) with the assistance of private consultancy firms with experience and expertise in conducting research studies relevant to these sectors in Pakistan. The research study would cover cost analysis, challenges, sector review and performance. Interested firms are requested to submi... |