Cement News tagged under: corporate
UltraTech Cement receives approval for 6Mta plant project11 June 2019, Published under Cement NewsIndia’s UltraTech Cement has received environmental approval to set up a INR25bn (US$360.37m) project in Petnikota village, Andhra Pradesh. The integrated facility is expected to have a clinker capacity of 4Mta and 6Mta of cement. Alongside the cement works, the company also plans to install a 60MW captive power plant and 15MW waste heat recovery unit. It has already acquired 431.92ha of land but still requires ‘consent to establish and operate’ from the state’s pollution control board, ac... |
Arghakhanchi Cement launches new PPC line11 June 2019, Published under Cement NewsNepal's Arghakhanchi Cement Pvt Ltd has launched a new PPC cement product line for the domestic market. After meeting government criteria, the company received approval for the product from the Nepal Bureau of Standards and Metrology on 7 June. "We have not made any compromises in the quality and weight of the cement. We have started production of the Arghakhanchi PPC cement due to the new technology and the increasing demand of the customers. We have successfully achieved a new milestone i... |
Chia Hsin Cement Corp posts 21% fall in revenues in May11 June 2019, Published under Cement NewsChia Hsin Cement Corp reported a 21.2 per cent decrease in revenues to TWD146.5m (US$4.67m) in May when compared with May 2018, when revenues reached TWD185.9m was posted. For the first five months of 2019, revenues declined by 8.2 per cent to TWD760m from TWD828m in the 5M18. |
Vassiliko Cement reports rise in domestic sales for 201811 June 2019, Published under Cement NewsCyprus-based Vassiliko Cement has reported a 17 per cent rise in cement sales to the domestic market in 2018. However, total income fell 4.4 per cent YoY to EUR97.9m from EUR102.4m. The company has attributed the result to a decline in cement exports, alongside a rise in the cost of energy and CO 2 emission allowances. Cyprus’ construction industry contracted between 2008-15. However, the last four years have seen a steady upward trend. In 2018 the company noted that cement sales reached ... |
Pakistan cement industry's eyes on FY19-20 budget11 June 2019, Published under Cement NewsPakistan's federal budget for FY19-20 is scheduled to be announced today. Advisor to Prime Minister for Finance, Revenue & Economic Affairs, Dr Abdul Hafeez Shaikh will present it in Parliament followed by debate/approval by legislators in due course of time. Experts believe it would be negative for cement industry, if no incentives are simultaneously announced. AHCML Research House expects budget FY20 to have a negative impact on the country's stock market, especially the cement, steel, f... |
Attock Cement continues to dominate Karachi market in 9MFY1911 June 2019, Published under Cement NewsAttock Cement Pakistan Ltd (ACPL) maintained its dominant position during 9MFY19 in the core market of Karachi, leading in volumes and cement price. As part of the company's strategy, it also maintained a presence in the entire southern zone and in the lower Punjab market. As a result, the company's local dispatches increased by 117.861t, or nine per cent, over the 9MFY19 period. On the back of higher production following the start of its Kiln No 3 operations, the company aggressively e... |
San Miguel Corp and Holcim Philippines face opposition to merger deal10 June 2019, Published under Cement NewsPresident Rodrigo Duterte of the Philippines has been asked by the construction industry and property developers to call a halt to the proposed US$2.15bn merger between San Miguel Corp (SMC) and Holcim Philippines Inc (LafargeHolcim group) to prevent the emergence of a cartel. End users of cement are opposed to the prospect of more control of the cement sector going to one company. Speaking about the deal a spokesperson for those against the deal said," it will definitely result in a carte... |
Taiwanese producers report positive May results10 June 2019, Published under Cement NewsTaiwan’s Hsing Ta Cement has reported a 30 per cent YoY increase in revenue for May 2019, rising to TWD800.42m (US$25.4m) from TWD625.56m. In the first five months of the year, the company saw revenue advance 30.6 per cent to TWD2.91bn from TWD2.23bn. Meanwhile, Lucky Cement announced that its revenue was up 3.6 per cent to TWD305.28m in May, compared with TWD294.58m in the year-ago period. In Jan-May 2019, revenue increased 3.9 per cent to TWD1.46bn from TWD1.41bn. |
Rhiddhisiddhi Cement Industry commences production10 June 2019, Published under Cement NewsCement production at the plant of Nepal-based Rhiddhisiddhi Cement Industry has started. During the start-up phase, the company willl produce 20,000 bags/day of cement, which will then be ramped up to 60,000t/day. The cement producer was established with NPR10.5bn (US$94m) of domestic capital and operates a cement works at Ratomate, Hetauda, Makwanpur. It employs around 300 people and uses European technology. It uses limestone from deposits in Rarksirang, Kaialsh in Makwanpur, as well as... |
Sagar Cements reports rise in cement production for May07 June 2019, Published under Cement NewsIndia’s Sagar Cements has reported a 12.9 per cent YoY rise in consolidated cement production in May 2019, increasing to 277,146t from 245,454t in the year-ago period. Standalone production advanced 9.2 per cent to 201,241t, compared with 184,278t in May 2018. Meanwhile, sales climbed 13.3 per cent YoY to 275,330t in May 2019. |