Cement News tagged under: Indian sub-continent
UltraTech Cement Ltd wins global marketing award16 November 2021, Published under Cement NewsUltraTech Cement Ltd has been recognised with a Silver award at the Mobile Marketing Association’s (MMA) Smarties X awards 2021. MMA Smarties X is the first global marketing award recognising Innovation in mobile marketing. UltraTech won the award in the ‘Cross Mobile Integration’ category, which primarily recognises campaigns that integrate a minimum of three mobile applications or mediums (such as apps, mobile web, video, display, search etc). UltraTech’s winning entry, ‘How UltraTec... |
Mangalam sees 1H net profit up 82%15 November 2021, Published under Cement NewsIndia-based Mangalam Cement announced its unaudited financial results for the quarter and half year ended 30 September 2021. In the quarter ended 30 September 2021 (2Q21) the company saw revenues from operations advance 15.7 per cent to INR3.757bn (US$50.5m) from INR3.246bn in the 2Q20. Total revenues were up 5.9 per cent to INR3.84bn from INR3.625bn. However, profit before tax decreased 43.5 per cent to INR134m in 2Q21 from INR237m in the year-ago period due to significantly higher power ... |
Nuvoco records group revenues of INR2000m in 2QFY21-2211 November 2021, Published under Cement NewsNuvoco Vistas Corp Ltd (Nuvoco) announced its unaudited financial results for the quarter ended 30 September 2021 with consolidated revenue from group operations (including NU Vista Ltd) reaching at INR20,200m (US$26.89m). Consolidated EBITDA margin stood at 17 per cent. Commenting on the results, Jayakumar Krishnaswamy, MD of Nuvoco Vistas Corp Ltd, said, “In spite of the challenging market conditions in our major operating market of East, we were able to achieve volumes at par as compar... |
UltraTech Cement commits to GCCA 2050 Roadmap10 November 2021, Published under Cement NewsUltraTech Cement Ltd, has announced its commitment to the GCCA 2050 Cement and Concrete Industry Roadmap for Net Zero Concrete. UltraTech has made this commitment as a founding member of the GCCA and is among 40 of the world’s leading cement and concrete manufacturers to affirm their commitment to net zero concrete by 2050 and agree to an ambitious intermediate goal of preventing 5bnt of CO 2 emissions by 2030. “We at UltraTech are fully committed to work together with our part... |
APCMA reports declining local and export dispatches08 November 2021, Published under Cement NewsAll Pakistan Cement Manufacturers Association (APCMA) reports that cement dispatches declined by 9.1 per cent to 5.214Mt in October 2021 against 5.735Mt in the year-ago period. The breakdown indicates that the local share out of this total stands at 4.603Mt, compared to 4.859Mt in October 2020, showing a reduction of 5.3 per cent YoY. Exports suffered a significant 30.1 per cent decline, as volumes fell from 875,266t to 611,884t in October 2021. A representative of the APCMA said that ... |
Udaipur Cement receives CRISIL AA/Stable/A1+ rating05 November 2021, Published under Cement NewsUdaipur Cement Works Ltd (UCWL), a subsidiary of JK Lakshmi Cement, has been independently assigned AA/Stable/A1+ ratings to its bank facilities by CRISIL. AA Rating for its entire long-term existing and proposed borrowings and A1+ for UCWL’s short-term borrowing programme. This long-term rating of UCWL, assigned by CRISIL, is on a standalone basis without any Credit Enhancement (CE) support from the parent company. |
Punjab government to charge cement companies for groundwater02 November 2021, Published under Cement NewsThe government of the Punjab will charge cement producers in the state up to US$0.93/m 3 for ground water used in their cement production. The Dawn newspaper has reported that the charge will depend on water availability, and be US$0.6/m 3 in water secure areas, US$0.85/m 3 in semi-critical areas and US$0.93/m 3 in critical areas most affected by drought. The measure aims to encourage rainwater harvesting to preserve water tables. The charges will impact Maple Leaf Cemen... |
Nuvoco launches two products for its Zero M Brand02 November 2021, Published under Cement NewsNuvoco Vistas Corp Ltd has launched Zero M Water Shield 2K and Zero M Speedex Tile Grout in a virtual event. Developed at the Nuvoco Construction Development and Innovation Centre (CDIC), the products are ready to use and are designed to provide excellent resistance to water ingress, claims Nuvoco Vistas Corp. Zero M Watershield 2K is a two-component acrylic cementitious coating formulated to be mixed on-site and applied over the concrete and masonry surfaces by brush, to provide an el... |
Bangladesh's cement industry export revenue dips in 03MF2229 October 2021, Published under Cement NewsBangladesh's cement industry has earned export revenue of US$1.59m in the first quarter of FY22 (July – Sept ), compared to US$1.81m in the year-ago period, a fall of 12.2 per cent YoY. The figure also includes a minor amount of salt, stone and related products, according to the Bangladesh Export Promotion Bureau (EPB) data. Bangladesh exports 90 per cent of its cement to India. Experts believed that the slow arrival of clinker and increase in local consumption, plus the high cost of e... |
UltraTech Cement records net sales of INR117,430m 2QFY2219 October 2021, Published under Cement NewsUltraTech Cement Ltd, an Aditya Birla group company, announced its financial results for the quarter ended 30 September 2021. Consolidated net sales was INR117,430m (US$1558m) compared to INR102,640m over the corresponding period of the previous year. Profit before interest, depreciation and tax was INR28,550m compared to INR28,330m a year ago. Profit before tax was INR19,470m and profit after tax was INR13,140m compared to INR17,330m and INR13,090m, respectively. Coal and petcoke... |