Cement News tagged under: Indian sub-continent
Ambuja Cements targets rapid expansion25 February 2022, Published under Cement NewsHaving recently released its 2021 financial results this week, Ambuja Cements has announced expansion plans as it looks towards reaching 50Mta of cement capacity. ICR Research investigates the market strategy and growth potential for one of Holcim's leading Indian subsidiaries. Ambuja Cements is one of the largest cement producers in India with a current cement capacity of 31.45Mta. The current Managing Director and CEO, Neeraj Akhoury, announced that the company's Managing Board is int... |
Ambuja Cements record 23% net sales YoY growth in full year 202118 February 2022, Published under Cement NewsAmbuja Cements (Holcim group) reports net sales for the full 2021year stood at INR 137,940m (US$1.83m) compared to INR 111,750m in the previous year, registering a growth of 23 per cent YoY supported by strong growth in sales volumes and product mix. However, total operating cost per tonne increased by three per cent during the year. Operating EBIT stood at INR 26,560m compared to INR 21,250m, recording a strong growth of 25 per cent YoY. Net sales during the quarter s... |
ACC Ltd commissions new grinding capacity in Tikaria16 February 2022, Published under Cement NewsACC Ltd has commissioned 1.6Mta grinding capacity in Tikaria , Uttar Pradesh, India. The project has expanded cement capacity at the Tikaria plant to 3.91Mta. “As announced earlier, the company is progressing well to increase its capacity, ie, 2.7Mt of clinker and 4.8Mt of cement by 2024,” said ACC MD and CEO, Sridhar Balakrishnan. |
Afghanistan government’s financial crunch eases15 February 2022, Published under Cement NewsTwo top decisions announced in Washington, DC and Islamabad, respectively, would ease the Afghanistan government’s financial crunch and supply of cement to Kabul last week. Economic experts believe it would help Afghanistan, which direly needs foreign exchange reserves to import items and overcome the financial problem in the short term. After months of waiting, US President Joe Biden on 11 February signed an executive order giving half of the US$7bn in frozen Afghan assets to Afghani... |
Pakistani cement dispatches contracted in 7MFY2203 February 2022, Published under Cement NewsAccording to the data released by All Pakistan Cement Manufacturers Association (APCMA), total local and overseas cement dispatches declined by 16.6 per cent 3.95Mt in January 2022 against 4.73Mt dispatched during the same month of last year. The breakdown of data shows local cement dispatches by the industry during January 2022 were 3.4Mt compared to 4.04Mt in January 2021, showing a reduction of 15.9 per cent. However, exports saw a massive decline of 20.7 per cent as the volume fell from ... |
Dalmia Cement (Bharat) petitions against plant closure orders02 February 2022, Published under Cement NewsDalmia Cement (Bharat) Ltd (DCBL), a wholly-owned material subsidiary of Dalmia Bharat Ltd has received an order dated 19 January 2022, from the Andhra Pradesh Pollution Control Board (APPCB) for the closure of one of its cement plants at Kadapa , Andhra Pradesh. “DCBL has already challenged the said order by way of filing a Writ Petition before the Honourable HC of Andhra Pradesh,” the company said in a filing on Monday. |
UltraTech Cement announces INR9.65bn capex for Birla White expansion25 January 2022, Published under Cement NewsUltraTech Cement has announced a capital expenditure (capex) plan of INR9.65bn to modernise and almost double the production capacity of its white cement brand Birla White. The Aditya Birla Group company plans to increase the capacity of Birla White from the current 650,000tpa to 1.253Mta, UltraTech Cement said in a post-earnings statement. The company's board at its meeting on Monday approved the capex plan towards modernisation and the expansion of capacity at Birla White in a ph... |
Mixed trend in export and production observed in Pakistan25 January 2022, Published under Cement NewsPakistan's cement and clinker exports have reported mixed trends in the earlier part of FY2021-11. A local research house attributed the results to a drop in exports from the southern part of the country, leading to a subdued performance. Exports The Pakistan cement industry earned US$143.76m in export revenue by dispatching 3.921Mt of cement and clinker overseas in the 6MFY21-22 (July-December 2021), compared to US$142.92m from 4.325Mt of exports in the year-ago period. As a resu... |
Sri Lanka back on track for growth?21 January 2022, Published under Cement NewsThis Week, Tokyo Cement Co (Lanka) laid the first foundation stone for its 1Mta modernisation project at its Trincomalee factory, commissioning in early 2023. ICR reviews local producers' determination to overcome cement shortages, the ramping up of cement and raw material import infrastructure, and plans for new capex projects. Tokyo Cement Co (Lanka)'s (TCL) investments follow the cement shortages witnessed in the 2H2021, which were mainly due to pandemic related travel restrictions hin... |
Seven Rings Cement hold durable concrete seminar21 January 2022, Published under Cement NewsSeven Rings Cement recently organised a seminar titled "Durable Concrete for Sustainable Infrastructure" in Chattogram, Bangladesh. Prof Dr G M Sadiqul Islam, Chittagong University of Engineering & Technology, was present as the keynote speaker. Tahmina Ahmed, additional managing director, Seven Rings Cement, was present as the chief guest. Saif Rahman, director, Shun Shing Group Bangladesh Operations and Nantu Kumar Dey, chief technical officer, Seven Rings Cement were also presen... |