Cement News tagged under: Indian sub-continent
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. |
Star Cement to invest INR4.5bn in new plant02 December 2020, Published under Cement NewsIndia’s Star Cement has announced an INR4.5bn (US$61m) investment in Bengal through the construction of its new 2Mta grinding unit. It will be the company’s first facility in the state and the government has already cleared land for the project in Jalpaiguri, according to the Times of India. Star Cement currently has a manufacturing capacity of 4Mta, which is expected to go up to 6Mta upon completion. The Bengal plant will be supplied with clinker from the company’s works in Meghalaya.... |
Cement imports pile up at Karachi Port02 December 2020, Published under Cement NewsCement is quickly building up at the entrance to Karachi Port, as many of the deep-draught berths at the port are currently occupied by wheat-importing vessels. Consequently, cement exporters are suffering huge financial losses from the costs incurred from detention, demurrage and delays to offloading their goods. In a letter to the maritime affairs minister, Power Cement CEO, Kashif Habib, stated that all three deep- draught berths available at Karachi Port are occupied. "Due to slow... |
LafargeHolcim launch water-resistant cement in Bangladesh30 November 2020, Published under Cement NewsLafargeHolcim Bangladesh has launched its Holcim Water project, a customised solution of water-resistant cement for the local cement market. The specially-designed cement reduces capillary action by resisting the permeation of water to make the product damp and seepage resistant. "This product has been developed through continuous consumer engagement, research and understanding of the damaging impact of water on houses," said Rajesh Surana, CEO of LafargeHolcim Bangladesh. |
Lucky Cement orders dual-fuel engines from Wärtsilä27 November 2020, Published under Cement NewsPakistan’s Lucky Cement has signed a contract with Wärtsilä for the supply of a combined cycle power plant with additional engine generating sets for its plant in Pezu, Khyber Pakhtunkhwa. The facility is already equipped with 10 dual-fuel engines, supplied by Wärtsilä. "With new cement lines installed, an additional three Wärtsilä 34DF dual-fuel engines, each with an output of 10MW, have been ordered to provide the additional power required for the power plant without grid connection," sa... |
Shiva Cement awards thyssenkrupp Industries India a 4000tpd kiln line project27 November 2020, Published under Cement Newsthyssenkrupp Industries India has won a EUR22m contract from Shiva Cement (JSW Cement Ltd) for a 4000tpd kiln line in Odisha, India. Vivek Bhatta, MD and CEO of thyssenkrupp Industries India, said: “ We are delighted to have won the trust of Shiva Cement for this prestigious order. We are already seeing green shoots and a return to capital investments in the Indian cement industry.” VN Balasubramanian, ement director of thyssenkrupp Industries India, said: “This order received from Sh... |
Tokyo Cement (Lanka) announces expansion plans26 November 2020, Published under Cement NewsSri Lanka’s Tokyo Cement Co (Lanka) has recently entered into an investment agreement with the country’s Board of Investment for a plant expansion project. The company is expected to expand its plant in Trincomalee by 1Mta with an investment of US$12m. The company has an 18-month plan to increase production, which is expected to reinforce the company's readiness to cater to the future demand growth from the local construction industry. |
JSW Cement delays IPO plans25 November 2020, Published under Cement NewsIndia’s JSW Cement has pushed back its plans for an initial public offering (IPO) to December 2022, as a result of the slowdown and disruption caused by COVID-19. The company had already generated a plan to expand its combined cement capacity to 25Mta by 2023 at an investment of INR36bn (US$486.86m). "In 2019, the sector had degrowth, in 2020 COVID hit us. Now December 2022 is a logical timeline for us for the IPO," said Parth Jindal, managing director. |