Cement News tagged under: Indian sub-continent
Pakistan's cement industry to meet greenhouse gas emissions challenge24 July 2024, Published under Cement NewsPakistan's cement industry's focus on reducing emissions from clinker production and improving energy efficiency, while considering alternative fuels and materials is seen as more crucial than ever. With the industry's emissions having seen a significant surge in recent years, a detailed report highlighted in local media claims that urgent action is required to address the environmental impact of the industry’s expansion. Dr Mohammed Faheem Khokhar, a National University of Sciences and T... |
Adani Group targets Jaypee Group's cement assets18 July 2024, Published under Cement NewsAs lenders have initiated insolvency and bankruptcy proceedings against Jaiprakash Associates Ltd, the Adani Group is looking to acquire the Jaypee Group ’s cement assets, which boast over 9Mta capacity, according to a report by Moneycontrol. Jaiprakash Associates has been selling its cement plants to reduce debt, with a significant portion of its cement business previously acquired by UltraTech in 2016 for over INR160,000m (US$1.9bn), adding 22.4Mta capacity to UltraTech’s... |
Pakistan cement to see modest growth on higher exports in FY24-2518 July 2024, Published under Cement NewsResearch house AKD Research has projected that Pakistan’s cement dispatches will grow at 2.4 per cent YoY, primarily due to increased exports between June 2024 and July 2025. This follows a two per cent expansion in FY23-24, driven by higher export volumes, while domestic sales fell to a seven-year low. Despite introducing an increase in federal excise duty (FED) on cement in the FY24-25 budget, AKD Research reassures that the industry has successfully passed on this increase to customers... |
Bestway Group acquires shares in UNBL UK16 July 2024, Published under Cement NewsBestway Group of the UK, which has a stake as a parent company in cement and bank operations in Pakistan, will notice the exchange of shareholding patterns among two banking businesses in Pakistan and Great Britain. According to AHL Research, United Bank Ltd (UBL operation in Pakistan) has finalised the sale of its 55 per cent stake in United National Bank Ltd UK (UNBL UK) to Bestway Group, having obtained all the necessary and stringent regulatory approvals, ensuring the legality and sec... |
Dealers' strike may impact cement sales and distribution in Pakistan16 July 2024, Published under Cement NewsThe sales and distribution of cement across Pakistan is expected to be significantly impacted due to a strike by one of the stakeholders, effective from 1 July, in protest of negative tax measures taken in Islamabad in the Federal Budget 2024-25. The All Pakistan Cement Distributors Association (APCDA) has informed the government about the impact on the business following the approval of the 2024-25 federal budget and its stringent tax measures. APCDA pointed out that the cement distribu... |
Lindner founds Indian subsidiary05 July 2024, Published under Cement NewsLindner continues its expansion with the foundation of Lindner Recyclingtech Bharat (India) LLP, headquartered in Delhi, India. Together with Chirag Verma, co-owner of Lindner Bharat, and Ganesh Karankal, sales director of plastics recycling, the aim is to develop sustainable recycling solutions for the waste and plastics industry. India produces approximately 62Mta of waste every year and this volume continues to rise. Therefore, the rate of recycling, which varies depending on the type ... |
Pakistan experienced a partial growth in cement dispatches in FY23-2404 July 2024, Published under Cement NewsThe cement industry in Pakistan experienced a minor growth in cement dispatches in FY23-24 due to significant export volume. However, the sector recorded a 12.6 per cent decline in cement dispatches to local and overseas markets in the last month of the FY23-24, with 3.55Mt dispatched compared to 4.06Mt in the same period of the previous fiscal year. Local cement dispatches were 3.08Mt in June 2024, a decrease of 11.7 per cent compared to 3.48Mt in June 2023. At the same time, export dispatc... |
UltraTech commissions Tadipatri production line01 July 2024, Published under Cement NewsUltraTech is commissioning an additional 3.35Mta clinker along with 1.8Mta grinding capacity at its existing unit situated at Tadipatri, Andhra Pradesh, India. The capacity addition forms part of the 22.6Mta capacity expansion announced in June 2022. Furthermore, with debottlenecking, the company has increased the capacity of its grinding unit at Jharsuguda , Odisha, by 0.4Mta taking it to 4.5Mta. As a result, UltraTech’s total cement capacity has reached 154.86Mta. |
Tapping India's CO2 storage potential28 June 2024, Published under Cement NewsThis week the Global Cement and Concrete Association (GCCA) hosted a webinar with the Global CCS Initiative and the Clean Energy Ministerial (CEM) CCUS Initiative following the release of the 'CCUS in the Indian cement industry - A review of CO2 hubs and storage facilities'. While the country with the largest population is committed to achieving net zero by 2070, India currently emits 5.8 per cent of its CO2 emissions from cement manufacture. For the industry to decarbonise, it needs safe st... |
UltraTech Cement poised to buy 23% stake in India Cements28 June 2024, Published under Cement NewsUltraTech Cement says it will buy a 23 per cent stake in Chennai-based rival The India Cements for up to INR18.85bn (US$226m), closing the gap on India's Adani Group. The decision was approved by UltraTech's Board of Directors during a meeting held on 27 June 2024. The investment, which is purely financial and not a related party transaction, is expected to help UltraTech retain a strong presence in the southern part of the country, as Adani firms are attempting to boost its hold in the r... |