Cement News tagged under: Indian sub-continent
JSW Group in discussions to raise funds to bid for Holcim's Indian operations22 April 2022, Published under Cement NewsSajjan Jindal-led JSW Group has initiated discussions with private equity (PE) firm Carlyle to join forces and back its bid for Holcim ’s Indian cement operations, said people aware of the matter. Holcim Group is reputedly looking to exit India 17 years after its entry, putting its twin listed arms of Ambuja Cements and ACC Ltd up for sale as part of a global strategy to focus on core markets. JSW, one of the strong contenders for the acquisition, is busy organising b... |
Pakistan cement dispatches and exports slow in 9MFY2221 April 2022, Published under Cement NewsPakistan’s cement dispatches have slowed amid rising construction costs, a lower development budget and higher freight costs with 9MFY22 dispatches down six per cent, says Topline Securities. Topline analysts report that political noise, economic slowdown and rising cement bag costs could further affect dispatches going ahead. Along with the lower dispatches, rising coal cost is another key concern for the sector as global supply chain disruption, and the Russia-Ukraine war has kept t... |
Tamil Nadu Cement orders 10MW solar power plant21 April 2022, Published under Cement NewsTamil Nadu Cement Corp Ltd will be setting up a 10MW solar power plant at an outlay of INR650m (US$8.52m) for captive use, said Minister for Industries, Thangam Thennarasu. As per the Policy Note presented in the Assembly by Mr Thennarasu for 2022-23, Tamil Nadu Cement will construct the solar plant at its Alangulam cement plant. The company is also planning to install an alternate fuel feeding system at a cost of INR300m at the new Ariyalur cement plant. |
Kanodia Cement completes Amethi grinding plant expansion20 April 2022, Published under Cement NewsKanodia Cement has set up a new cement grinding unit at its Amethi plant, India. The grinding expansion is already completed and production began in April 2022. All four of the company’s cement grinding units are fully automated. Vishal Kanodia, managing director, Kanodia Cement, said that the Amethi expansion is part of the company’s strategy to increase its total cement capacity to 4.3Mta. “We are optimistic about the growth in demand for cement in India. The set-up of our Amethi... |
Holcim reported to be looking for potential buyers of ACC Ltd19 April 2022, Published under Cement NewsBloomberg has reported on Holcim proposing to dispose of Ambuja Cements Ltd. Holcim owns ACC Ltd and Ambuja Cements in India. With approximately 64Mta of cement capacity it is second-largest producer behind UltraTech Cement in the country. The Swiss conglomerate is believed to have held early-stage negotiations with JSW and Adani Group, among others, to explore their interest levels, according the Economic Times. Deliberations are in the early stages and may not lead to a transaction, ... |
Power Cement's Kiln Line III to resume operations by the end of April 202213 April 2022, Published under Cement NewsPower Cement Ltd informed Pakistan Stock Exchange (PSX) on 11 April 2022, that a component of the new Line III of the company’s plant at Nooriabad Industrial Area, Kalo Kohar District, Jamshoroo, Sindh, was damaged at the end of January 2022. According to Power Cement's Company Secretary, Salman Gogan, it does not expect an adverse financial impact due to the warranty coverage and the availability of stock sufficient to cover over two months of sales. Meanwhile, the planned periodic ... |
ACC Ltd receives first fly ash consignment from Vedanta Aluminium11 April 2022, Published under Cement NewsVedanta Aluminium has supplied its first rake consignment of 4000t of fly ash from Jharsuguda unit to one of the plants of ACC Ltd for the production of low-carbon cement. In cement manufacturing, every tonne of fly ash used can help save around 700-800kg of carbon emissions and at least 340l of water. "At Vedanta Jharsuguda, we use high-quality coal which results in better quality fly ash, and we are delighted to be ACC Cement's supplier of choice in this regard, given that its pare... |
A review of listed cement companies in Pakistan07 April 2022, Published under Cement NewsThe total market capitalisation of the top 15 cement companies in Pakistan stood at US$2.738bn as of 28 March 2022. They represent a market share of 97.4 per cent in the total sales of cement in the country. A Topline Research report estimated that Pakistan listed cement companies’ EV/t (replacement cost) is hovering at around US$43/t. Amongst major players, Kohat Cemen t (KOHC) is trading at an attractive EV/t of US$28/t. Similarly, Fauji Cement (FCCL) is trading at an EV/t of US$31/t. S... |
Reon Energy to install 34MW solar power project for Lucky Cement01 April 2022, Published under Cement NewsLucky Cement and Reon Energy have announced a 34MW captive solar power project with a 5.589MWh Reflex energy storage. The project, set to be installed at Lucky Cement's Pezu plant in Khyber Pakhtunkhwa, will hold not only Pakistan’s largest on-site captive solar plant but also the largest-ever energy storage solution, claims Lucky Cement. The 34MW solar PV project is expected to produce approximately 48GWh annually. The output energy will be used on-site, resulting in substantial s... |
Essential reference explores the cement industry’s digital transformation01 April 2022, Published under Cement NewsIntelligent and sustainable cement production A new publication providing an in-depth exploration of the digital transformation of cement production with practical insights for its application has been launched. Edited by Anjan Kumar Chatterjee and published by CRC Press, Taylor & Francis Group, Intelligent and Sustainable Cement Production - Transforming to Industry 4.0 Standards is the perfect place to start in terms of understanding the potential for and means of the di... |