Cement News tagged under: Indian sub-continent
Shree Cement starts commercial operation of Odisha grinding plant16 March 2021, Published under Cement NewsShree Cement has started commercial operation of its new 3Mta cement grinding unit in Odisha. The new plant is located in Athagarh Tehsil, Cuttack District of Odisha, Shree Cement said in a regulatory filing. Shree Cement operates four integrated plants and 10 grinding plants in India as well as a 4.8Mt integrated plant in UAE. The company is building a new 3Mta grinding plant in Pune but has put on hold plans for a 5Mta greenfield grinding plant in Raghunathpur, West Bengal, India. ... |
SBTi validates UltraTech’s CO2 emissions reduction targets15 March 2021, Published under Cement NewsUltraTech Cement, the largest manufacturer of grey cement, white cement and ready-mix concrete in India, has announced the validation of its CO 2 emissions reduction targets by the Science-Based Targets Initiative (SBTi). In July 2020 the company committed to set 'science-based targets' to reduce its greenhouse gas (GHG) emissions. UltraTech Cement Ltd commits to reduce Scope 1 GHG intensity by 27 per cent by 2032 from the base year of 2017. The company also commits to reduce Scop... |
Bangladesh cement makers add two bulk carries to fleet12 March 2021, Published under Cement NewsMeghna Group of Industries have launched two of the largest dry bulk carriers, viz MV Meghna Princess & MV Meghna Adventure, on 10 March 2021, at the Chittagong port, Bangladesh. Meghna Group is one of the top three cement producers and marketers of Bangladesh, operating with its two strong brands, namely Fresh and Meghnacem Deluxe. State Minister for Shipping, Khalid Mahmud Chowdhury, attended the event as main guest. Chairman of Chittagong Port Authority, Rear Admiral M Shahjah... |
Pakistan cement companies show significant profits during 2QFY2002 March 2021, Published under Cement NewsPakistan’s top cement manufacturers recorded significant profitability with improved margins during the last quarter of 2020. The experts believe this trend is likely to continue in reaming quarters of the ongoing financial year. According to an analyst of Spectrum Securities Ltd, the cement sector’s profitability continued in 2QFY21 as the bottom line of the 13 companies on the Pakistan Stock Exchange (PSX) posted profits to the tune of PKR11bn (US$69.7m) as compared to PAT of PKR5bn in... |
Police shut down counterfeit cement outlet in Odisha25 February 2021, Published under Cement NewsThe Commissionerate Police have closed down a counterfeit cement manufacturing unit in Jagatpur, Odisha, India. The unit was operating from a warehouse near Khaira bridge for the last 5-6 years. A police team patrolling the area became suspicious when a cement laden truck exited the unit and the owner of the factory failed to produce documents for the cement. Police raided the factory this week and found counterfeit cement of reputed brands like UltraTech, Ambuja, Raasi Gold and Dal... |
New cement capacity in Punjab planned22 February 2021, Published under Cement NewsFauji Cement and DG Khan Cement plan new capacity in Punjab, Pakistan. Top industry officials believed that construction activity is picking up, and that there will be a significant spend on infrastructure. Thus, both cement companies' Board of Directors have decided to invest in additional cement capacity. Fauji Cement has approved the setting up of a 2.05MMa greenfield cement plant in Dera Ghazi Khan. The project's construction work is expected to commence within the current financial y... |
Ambuja Cement increases volumes by 7% in 4Q2019 February 2021, Published under Cement NewsLafargeHolcim's Indian subsidiaries, Ambuja Cement and ACC Ltd, reported high sales volumes in the 4Q20. Ambuja Cement's financial performance for the 4Q20 saw volumes grow by seven per cent, while ACC Ltd's net sales during the quarter increased to INR40,660m (US$560.1m) compared to INR39,700m last year. Ambuja Cement 4Q20 Ambuja Cement's sales were supported by strong prices and a 14 per cent YoY growth in net sales. Net sales during the quarter stood at INR34,680m compared to INR30,3... |
UltraTech Cement Ltd orders nine VRMs from Gebr Pfeiffer19 February 2021, Published under Cement NewsIn connection with the realisation of three new clinker production lines, nine vertical roller mills have been ordered by UltraTech Cement Ltd of Mumbai from Gebr Pfeiffer and its Indian subsidiary Gebr Pfeiffer (India) Pvt Ltd. The MVR and MPS vertical roller mills offer UltraTech Cement will be used for the finish grinding of cement raw material, fuel and cements. |
Ambuja Cement and ACC renew Master Supply Agreement19 February 2021, Published under Cement NewsThe Board of Directors of ACC and Ambuja Cement (LafargeHolcim group) have renewed their existing Master Supply Agreement for three years. In 2018 both companies entered into agreement for supply of cement, clinker and other raw materials such as fuels, fly ash, slag and gypsum besides spare parts used in the factories. As per the pricing formula, both the companies will offer five per cent discount for cement supply to each other on their average net selling price. ACC has a... |
Kohat Cement to set up Punjab cement plant17 February 2021, Published under Cement NewsKohat Cement Co Ltd has announced that its Board of Directors have approved, subject to all regulatory approvals, setting up a 7800-10,000tpd cement manufacturing plant (along with 8-10MW waste heat recovery and 25MW coal-fired power plants), in Khushab, Punjab, Pakistan. According to a company notification to the Pakistan Stock Exchange (PSX), the management has estimated cost of the project at PKR30bn (US$187.4m), which will be financed through a mix of debt and equity. It is expec... |