Cement News tagged under: india
Pakistan sees strong increase in August export growth26 September 2014, Published under Cement NewsPakistan recorded an acceleration in exports during August 2014 against the previous month and were also higher on an annual comparative basis. Exports during August 2014 reached 984,039t – a rise of 76.62 per cent compared to the month before. Revenues were also 76.84 per cent higher at US$57.648m compared to July 2014. On an annual basis, volumes and revenues increased by 23.42 per cent and 28.74 per cent, respectively, July-August 2014 data However, exports during the first t... |
JSW to make switch to Portland Slag Cement, India26 September 2014, Published under Cement NewsJSW Cement Ltd will be completely switching over to the production of Portland Slag Cement (PSC), its CEO, Anil Kumar Pillai, has revealed. Speaking to local reporters, Pillai said slag cement was “ideally” suited to both infrastructure and housing constructions “We have 6Mta of cement production capacity and will be producing only this variety of cement,” he added. The price for the product has been fixed in the range of INR275-325/bag of PSC. The company is expecting an increase in deman... |
Sagar gets Board nod for BMM acquisition25 September 2014, Published under Cement NewsThe board of Sagar Cements has given approval in-principle for the acquisition of a 100 per cent equity stake in BMM Cements Ltd as the company seeks to expand its presence in southern India. The deal involves the acquisition of a 1Mta cement plant and a 25MW captive thermal power plant in Gudipadu, near Tadipatri Anantapur district in the state of Andhra Pradesh. Successful completion of the transaction is subject to further negotiation to arrive at the acquisition price and other term... |
India Cements to demerge Super Kings division24 September 2014, Published under Cement NewsIndia Cements said Tuesday it would demerge the Chennai Super Kings (CSK) division into a wholly-owned subsidiary. "Our company presently owns Chennai Super Kings (CSK) - BCCI-IPL Franchise 20/20 Cricket Tournament Team. We propose to demerge the said CSK Division to a wholly-owned subsidiary of our company," the company said in a statement filed with the Bombay Stock Exchange (BSE). India Cements said the proposed demerger has been included for consideration of the board of directors slat... |
JSW seeks to expand southern Indian presence23 September 2014, Published under Cement NewsJSW Cement, a subsidiary of the JSW Group, is mulling the construction of a 4.3Mta cement plant in the Gulbarga district of Karnataka, reports Business Line (India). The project is being considered with a view to serving other southern markets such as Andhra Pradesh and Telangana, according to SS Sandhu, JSW Cement vice president. Well connected markets like Gujarat and Maharashtra have also fuelled the decision to launch another plant, Sandhu added. The company has a current cement capac... |
Senior appointments at Star Ferro and Cement Ltd23 September 2014, Published under Cement NewsStar Ferro and Cement Ltd has appointed Sanjay Kumar Gupta as chief executive officer, effective 20 September 2014. Dilip Kumar Agarwal has been appointed chief financial officer, also effective 20 September 2014. |
India: new Karnataka plant for JSW Cement22 September 2014, Published under Cement NewsJSW Cement Ltd is considering setting up a 4.3Mta cement plant in Gulbarga, Karnataka. The company's ownership of land in the limestone-rich region is quoted as one of the key advantages in building a new plant in Karnataka, according to SS Sandhu, associate vice-president of JSW Cement. A further advantage relates to Gulbarga's ideal location to supply the Maharashtra and Gujarat cement markets. Moreover, since its sister company JSW Steel produces slag, JSW Cement could manufacture slag ... |
Chettinad Cement Corp moves on expansion19 September 2014, Published under Cement NewsIndia’s Chettinad Cement Corp has received all the required permits for its greenfield project in Andhra Pradesh and expansion in Karnataka. In Andhra Pradesh, the company is building a 3.5Mta integrated cement works at Guntur, reflecting an investment of INR11bn (US$181m). Chettinad Cement has acquired a 405ha plot for the unit. At Gulbarga, Karnataka, the company will be investing INR20.1bn in expanding its plant from 2.5Mta to 5.75Mta. The project includes the construction of a 130... |
Sagar reportedly looking to acquire BMM Ispat cement assets12 September 2014, Published under Cement NewsSagar Cements is reportedly planning to acquire the cement business of Bangalore-based BMM Ispat Group. Local press report anticipate that the deal is likely to be sealed in a couple of weeks. BMM has a 1Mta cement manufacturing unit at Tadipatri in Anantapur district of Andhra Pradesh. The acquisition would benefit Sagar as it would provide easy access to southern markets. The company recently sold its joint venture stake in Vicat Sagar Cements for INR435bn. Sagar Cements plans to use... |
Pick-up in south Indian prices12 September 2014, Published under Cement NewsCement producers with operations in the south of India are expected to see improvements in profitability helped by better price realisations and an anticipated increase in demand. Cement demand in south India is expected to be boosted after the formation of the Telegana state, ending political state, a report by the Economic Times of India stated. Moreover, prices in the south, particularly Andhra Pradesh which had remained weak, have been looking up since June, the report added. Price i... |