Cement News tagged under: Indian sub-continent
Lanwa Sanstha Cement plant to open in June 202110 December 2020, Published under Cement NewsLanwa Sanstha Cement Corp (Pvt) Ltd, a sister company of Ceylon Steel Co Ltd, is scheduled to be commissioned in June 2021. The plant will be situated in Mirijjawila Export Processing Zone, Hambantota, Sri Lanka. Phase one of the project will see US$70 spent on a cement capacity of 2.4Mta. A further US$10m will be invested in a second phase to add 1.2Mta of capacity. The plant will be equipped with grinding technology from Gebr Pfeiffer, process control equipment from Siemens and pac... |
CCI starts investigation into Ambuja and ACC10 December 2020, Published under Cement NewsThe Competition Commission of India (CCI) has initiated an investigation against ACC and Ambuja Cements and other cement companies in the country regarding alleged anti-competitive behaviour, according to regulatory filings. "ACC is of the firm view that it has acted and continues to act in compliance with competition laws and we are fully cooperating with the investigation and providing all necessary information to the authorities. ACC has a long-standing commitment to fair competition as... |
Punjab government approves five cement plants09 December 2020, Published under Cement NewsThe Punjab Chief Minister Sardar Usman Buzdar has approved setting up five new cement plants by the private sector in Punjab province, Pakistan, at an estimated investment of PKR150bn-200bn (US$0.935bn-1.246bn). The winners' names are yet to be disclosed officially, but the market believes approval was given to Lucky Cement, DG Khan, PIOC, Kohat Cement and Fauji Cement Ltd. Earlier, the cement industry in Pakistan expects double-digit growth in demand of 12-14 per cent for the current fis... |
Pakistan shows healthy dispatches in November 202007 December 2020, Published under Cement NewsPakistan's cement industry dispatched 4.508Mt domestically and overseas in November 2020, recording a growth of 4.2 per cent on a YoY basis, according to the All Pakistan Cement Manufacturers Association (APCMA). Out of the total dispatches, the local share increased by 6.3 per cent to 3.742Mt from 3.521Mt in November 2019, while exports registered a reduction of five per cent to 766,273t from 806,521t. This was the first instance of decreasing exports during the current fiscal. ... |
Cement export revenue falls during 5MFY20-21 in Bangladesh07 December 2020, Published under Cement NewsBangladesh's cement industry has earned export revenue of US$2.82m in the five-month period of July-November 2020 (5MFY20-21), compared to US$4.08m in the year-ago period, a fall of 30.9 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. The export value for cement decreased by 28.4 per cent, underperforming when compared with the government target set for the period. ... |
UltraTech Cement announces 12.8Mta capacity expansion04 December 2020, Published under Cement NewsUltraTech Cement’s (Aditya Birla Group Cement) Board of Directors have approved an increase of cement capacity by 12.8Mta with a mix of brownfield and greenfield expansions. The additional capacity will be created in the fast-growing markets of the eastern, central and northern regions of India. Kumar Mangalam Birla, chairman of the Aditya Birla Group, said: "This significant investment in a core infrastructure sector will accelerate the wheels of economic activity and aid the kickstar... |
Birla Corp to raise INR1.5bn through NCDs04 December 2020, Published under Cement NewsIndia’s Birla Corp is set to raise around INR1.5bn (US$20.3m) through secured unlisted redeemable non-convertible debentures (NCDs). As such, the company has approved the allotment of 1500 NCDs worth INR10,00,000 each, on a private placement basis. |
Southern India sees boost in cement prices04 December 2020, Published under Cement NewsCement prices in southern India have advanced around 18 per cent YoY to INR393/bag (US$5.3) in the 3QFY20-21, according to Motilal Oswal. On a QoQ basis, prices are flat as hikes in November 2020 have offset the decline seen in the September-October period. The strong prices in the region have been attributed to strong production discipline in the face of weak volumes. Prices in the north, west and central India are up seven, six and five per cent YoY, respectively. In the 3QFY21, the ave... |
LafargeHolcim to invest CHF100m in Indian WHR projects03 December 2020, Published under Cement NewsLafargeHolcim has announced a CHF100m (US$111.84m) investment in India for waste heat recovery systems. The investment will be completed across six sites over the next two years, as part of the group’s net zero roadmap. "On our net zero journey, we set ourselves an ambitious scope 2 target. I am very excited to see India leading the way by investing CHF100m in waste heat recovery. This major step forward builds on our procurement teams’ work in renewable energy," said Magali Anderson, chi... |
Production resumes at Sindri plant following protest03 December 2020, Published under Cement NewsProduction at ACC’s cement factory in Sindri, India, resumed on Tuesday with a police presence, a day after a clash between protesting villagers and police. The protestors had blocked the entrance of the factory and were demanding jobs for the locals in the factory, according to The Times of India. As many as 11 people were reportedly arrested on Monday and sent to judicial custody. |