Cement News tagged under: Indian subcontinent
Udayapur Cement plans modernisation project19 November 2021, Published under Cement NewsNepal’s state-owned Udayapur Cement Industry is set to undergo a NPR500m (US$4.19m) modernisation plan, which will see it replace old equipment to keep up pace with the market’s newer entrants. The plan will upgrade capacity to 1100tpd of cement from the current 800tpd. "The work of installing modern machines has started," said Gopi Krishna Neupane, general manager of Udayapur Cement. "We are still operating age-old machines. As a result, the cement production plant is not able to produce... |
Sagar Cements set to increase capacity to 8.25Mta17 November 2021, Published under Cement NewsIndia’s Sagar Cements is reportedly increasing capacity to 8.25Mta by the end of December, according to BusinessLine. The company opened a 1Mta integrated plant in Madhya Pradesh in October, which took capacity from 5.75Mta to 6.75Mta, while the commissioning of another plant in Odisha next month should take it to 8.25Mta. Sagar Cements has invested INR6bn (US$80.72m) and INR3.05bn in the plants in Madhya Pradesh and Odisha, respectively. |
VRM audits and optimisation16 November 2021, Published under Cement NewsThe increasing use of vertical roller mills (VRMs) in the production of cement to reduce power consumption and CO 2 emissions has resulted in an increasing need for VRM optimisation. As cement producers look to protect profits as well as their environmental reputation, a process audit can identify the root causes of issues to help plan for improvements in power consumption and performance. By Anil Kumar Popuri, National Council for Cement and Building Materials, India. Figure 1: mea... |
Hongshi Shivam Cement looks to double capacity16 November 2021, Published under Cement NewsNepal’s Hongshi Shivam Cement has announced an additional NPR20bn (US$167.34m) investment to increase production capacity, according to the New Business Age. The company currently has 6000tpd of capacity and is looking to produce an additional 6000tpd. The joint venture will see its Chinese investor contribute 70 per cent of the investment while the Nepali partner will supply the remainder. In addition, as of 13 November, the plant has been linked to the Nepal Electricity Authority for a... |
Mangalam Cement sees 17% revenue increase16 November 2021, Published under Cement NewsIndia’s Mangalam Cement has reported a standalone net profit of INR110.7m (US$1.49m) in the 2QFY21-22, falling 48.1 per cent YoY from INR213.3m in the year-ago period. However, net revenue advanced 17.2 per cent YoY to INR3.76bn from INR3.21bn in the 2QFY20-21. |
India’s cautious outlook08 November 2021, Published under Cement NewsA contracted comparison base has helped push the Indian cement sector to a double-digit growth trajectory in 2021. However, there are a number of one-time factors that should be taken into account and further challenges could lie ahead. A more modest demand picture is expected to emerge in the coming years. ICR highlights recent trends in the Indian cement sector and discusses forthcoming factors that could influence cement demand A cut in India’s GDP growth forecast for the ... |
Fecto Cement appoints chairman and chief executive08 November 2021, Published under Cement NewsPakistan’s Fecto Cement has appointed Aamir Ghani and Mohammed Yasin Fecto as chairman and chief executive, respectively, with effect from 1 November 2021. The appointment has been made for a term of three years, according to Pakistan Company News. |
Tokyo Cement Co (Lanka) sees revenue up 4%05 November 2021, Published under Cement NewsTokyo Cement Co (Lanka) has reported a four per cent YoY increase in revenue to LKR11.88bn (US$58.96m) in the third quarter of 2021. However, net profit fell 94 per cent to LKR127m. The quarter saw the company face a weakening rupee, foreign exchange shortage, which caused a delay in opening LCs, shortages and delays in raw material imports, soaring shipping costs and re-imposed lockdowns. While the fuel price increase and a lack of vessels escalated inbound freight rates by over 300 pe... |
INSEE Cement adds import vessels to address cement scarcity in Sri Lanka05 November 2021, Published under Cement NewsINSEE Cement has added two more import vessels to its operations in order to increase cement supply across Sri Lanka, according to the Daily Mirror. "INSEE Cement continues to operate at maximum production capacity to ensure the Sri Lankan construction industry remains on its path to a successful recovery," said Gustavo Navarro, INSEE Cement’s CEO. "What the domestic market is experiencing is an artificial scarcity that was first created by importers refusing to release their stocks to... |
Dalmia Cement plans new 2Mta plant03 November 2021, Published under Cement NewsIndia’s Dalmia Cement is planning to set up a new 2Mta grinding plant in Bokaro, Jharkhand, according to the state’s government. The company is expected to invest INR5.77bn (US$77.14m) in the construction of the plant, with work scheduled to begin this month and set to be completed within a year. |