Cement News tagged under: india
ABG set to bring new cement ventures on-stream, India18 January 2013, Published under Cement NewsThe ABG Group of India is set to start production from its new cement ventures this quarter. Under ABG Cement Ltd, the company is constructing a 3Mta clinker unit in the village of Thumdi in Kutch and a 5.8Mta grinding works in the village of Mora, Surat, Gujarat state. The clinker plant is expected to go on-stream in February while the grinding unit may commence operations in the following month. These two projects mark the ABG Group’s first foray into the cement sector. The compan... |
HeidelbergCement completes first move in central Indian expansion project17 January 2013, Published under Cement NewsHeidelbergCement India Ltd (HCL) has completed the first step towards raising its capacity in central India by increasing grinding capacity at its Jhansi grinding works in Uttar Pradesh. The plant's capacity has been expanded from 0.8Mta to 2.7Mta, raising HCL’s total cement volumes in the country to 5Mta. “This is the first move towards our expansion plans in central India. We expect cement consumption to grow at a relatively higher rate in this region and we stand committed towards bett... |
Vicat eyes further growth in India17 January 2013, Published under Cement NewsFollowing the announcement yesterday by Vicat that its new joint-venture project Sagar has started commercial production, local press have speculated that the France-based major is scouting for further growth opportunities in India. Citing a company official, the Economic Times of India reported that Vicat is looking for more organic and inorganic growth in the country. The company already has a controlling stake in Bharathi Cement and has a joint venture with Sagar Cements. The Vicat Sa... |
Pakistan exports to India slow16 January 2013, Published under Cement NewsExports of cement over the northeast border of Pakistan to western India have slowed over the past week due to border tension between Islamabad and New Delhi. It has been alleged that trucks carrying cement are being examined carefully and slowly, which has partially affected deliveries, the All Pakistan Cement Manufacturers Association has said. The issue is exacerbating the concerns of a drop in exports from Pakistan to its neighbour over the past six months. Over July-December... |
India Ratings revises outlook on cement sector15 January 2013, Published under Cement NewsIndia Ratings has revised its outlook for Indian cement manufacturers from "negative" in 2012 to "stable to negative" for 2013, driven by limited downside risk for demand. The ratings agency also expects consolidation in the medium-to-long-term with large M&A activities, according to a report. "We expect consolidation in cement industry in the medium-to-long-term with large M&A activities in the sector," the rating agency said. The agency expects credit profiles of large cement firms... |
JP Morgan cautious near term outlook on India cement sector11 January 2013, Published under Cement NewsJP Morgan cautions the near-term outlook for Indian cement companies remains "hazy", in contrast with market consensus for a strong V-shaped recovery in infrastructure spending over the next 12 months. The investment bank says a growth in industry demand of more than eight per cent is unlikely over the next two years, as capacity will continue to outpace demand. (Source: Reuters.) |
Mixed bag of Q3FY13 earnings for Indian cement producers10 January 2013, Published under Cement NewsA weakness in cement prices and softening demand in the region is expected to hit Q3FY13 earnings of some of India’s cement producers. Only ACC and Ambuja are forecast to record a YoY earnings growth, says research house Jefferies. Grasim, ICEM and UltraTech are predicted to see more modest earnings. Ambuja should benefit from a 1.2 per cent YoY rise to 5.8Mt in cement and clinker volumes. Average realisation is anticipated to improve nine per cent YoY, largely cancelling out the two per ... |
India: Reliance Cement marketing campaign10 January 2013, Published under Cement NewsReliance Cement, a 100% subsidiary of Reliance Infrastructure, is currently in the middle of a six-month campaign to better promote its OOH cement brand that was initially launched in 2007. One creative of the campaign showcases a huge cement bag placed on the billboard. The bag is shown pouring cement on a person, making him look like a cement man. In another marketing banner, a huge moving crane attached to a motorised pulley is erected across a billboard, apparently pulling the cement b... |
ABG looks to sell minority stake in cement unit, India08 January 2013, Published under Cement NewsIndia-based private sector ship builder ABG Group, is in talks to offload a minority stake in its cement business, a senior executive has told the Times of India. The cement business, which operates under ABG Cement, has a 6.5Mta cement plant in Kutch, Gujarat, which is expected to be commissioned in a few weeks. Dhananjay L Datar, director of ABG Group, said the potential deal is at a preliminary stage with several parties showing an interest in the unit. Sources familiar with the... |
Pakistan first-half domestic sales rise, exports remain under pressure07 January 2013, Published under Cement NewsPakistan has recorded a rise in domestic cement sales in the first half of the current fiscal but export levels continue to remain under pressure. Latest data from the All Pakistan Cement Manufacturers’ Association (APCMA) shows that local dispatches in 1HFY12-13 rose by 7.61 per cent to 11.728Mt YoY however exports declined by 5.28 per cent during the period to 4.22Mt. Cement units located in the south registered growth of 7.98 per cent in local dispatches but a 16.34 per cent decli... |