Cement News tagged under: india
India Cements to restructure non-core assets07 June 2013, Published under Cement NewsIndia Cements has said it will restructure its non-core assets, enabling the company to focus on core areas of its business and increase profitability. The company is expected to announce businesses in which it wants to partially or fully exit when it announces its quarterly results later this year. “We are working on whether to merge, hive-off or to sell to make all these businesses profitable and if we can grow independently,” N Srinivasan, vice-chairman and managing director, said. ... |
UltraTech to take tribunal plea to Supreme Court on Monday07 June 2013, Published under Cement NewsIndia’s Supreme Court will hear UltraTech Cement's plea challenging an order issued by the Competition Appellate’s Tribunal (COMPACT) on 17 May 2013 instructing the cement companies charged with cartel practices to pay 10 per cent of the penalty imposed by the Competition Commission of India (CCI) last year. Following an appeal from several cement companies against the CCI’s record fine of INR6.3bn issued in June 2012, the tribunal ordered the cement producers to pay the 10 per cent withi... |
HeidelbergCement India increases prices07 June 2013, Published under Cement NewsHeidelbergCement India Ltd (HCL) has increased cement prices by INR2-3 per 50kg bag, its chief executive officer and managing director, Ashish Guha told local media. Mr Guha said during an interview with CNBC-TV18 that prices have been hiked despite subdued demand over the past two months and margins have suffered. During the April-May period consumption only rose by 4-5 per cent instead of the 10 per cent growth expected ahead of the monsoon season. However, consequently Mr Guha does not... |
FLSmidth wins new order from Orient Cement, India06 June 2013, Published under Cement NewsFLSmidth has received an order from Indian cement manufacturer Orient Cement Ltd to supply the main equipment for a 6000tpd greenfield cement plant to be located in the state of Karnataka, southern India. The order covers engineering and supply of main equipment from limestone crusher to packing plant. Included in the scope of supply are key components for raw material crushing equipment, limestone, coal and additive stores, raw material grinding system using roller press technology, verti... |
Indian producers eye price increase06 June 2013, Published under Cement NewsWith Indian consumption showing some signs of improvement local producers are looking to raise prices ahead of the impending monsoon season. According to sources cited by DNA India, prices are expected to rise by at least INR10/bag to possibly INR15/bag. Monsoon rains are due in June and traditionally supress construction activity until September/October and therefore cement companies generally increase prices before monsoon sets in. At the start of 2013, the average price of a 50kg ce... |
Pakistan monthly dispatches fall on transportation issues05 June 2013, Published under Cement NewsPakistan saw a rise in total dispatches for the first 11 months of the current fiscal but May 2013 sales declined by one per cent largely due to transport issues. For the first 11 months of the current fiscal, sales reached 30.552Mt compared to 29.495Mt, representing a YoY rise of 3.5 per cent. Capacity utilisation has reached 74.45 per cent, its highest level since 2006-07 as domestic dispatches have picked up appreciably through the year. However, exports between July 2012 - May 2013 we... |
Vasavdatta Cement signs alternative fuel MoU agreement, India05 June 2013, Published under Cement NewsVasavdatta Cement, which operates a cement plant in the southwest Indian state of Karnataka, has signed an agreement with neighbouring Goa's State Pollution Control Board to use plastic waste generated across the state as an alternative fuel. According to reports by the Economic Times, State Environment Minister Alina Saldanha said after the signing of the Memorandum of Understanding, that the plastic waste collected from the highways and other internal roads would be baled before being h... |
JK Lakshmi to rehabilitate Udaipur Cement unit, India03 June 2013, Published under Cement NewsJK Lakshmi is in the process of revamping a unit belonging to Udaipur Cement, as part of the company's move to increase capacity. “We are in the process of taking over a 1.3Mt unit. More than INR100 crore has been invested [in the unit]” Shailendra Chouksey, Whole-time Director, told Business Line. In November 2003, Udaipur Cement was referred to the Board for Industrial and Financial Reconstruction (BIFR), a central government agency whose objective is to determine the health of industri... |
Malabar Cements to construct new mill, India03 June 2013, Published under Cement NewsMalabar Cements Limited (MCL), a full-owned undertaking of the state government of Kerala, plans to construct another cement mill at Walayar to double its production capacity from the current 50,000tpa. A Padmakumar, managing director of Malabar Cements Ltd told the New Indian Express that the operating lifespan of the Pandarathu mines at Walayar is reported to be 16 years. “Therefore, we proposed to either purchase domestically from public sector units or import half the limestone so that... |
Reliance Infrastructure second plant set for September commissioning22 May 2013, Published under Cement NewsReliance Infrastructure is planning to commission its second cement plant by September this year. The new unit, which will have an annual capacity of 5Mt is being constructed in Maihar, Madhya Pradesh. Speaking on the company's new plant and future expansion plans, Lalit Jalan, chief executive officer of Reliance Infrastructure, said: We plan to take our overall capacity to 20Mta and commission the second plant in Maihar, Madhya Pradesh, by September this year. The company’s vision is ... |