Cement News tagged under: india
India on the recovery path20 June 2022, Published under Cement NewsIndia’s cement industry made a strong comeback in 2021 as the economy started showing a visible post-COVID-19 recovery. The sector posted steep YoY growth of 21 per cent – a level not seen in recent decades – pushing overall production to above pre-pandemic levels. However, sustaining the situation through 2022 may prove challenging. As the Indian economy commenced its post-COVID-19 recovery, cement demand has returned. However, the strong YoY growth may not be sustainable Va... |
GDP recovery fuelling Indian cement demand17 June 2022, Published under Cement NewsCement demand in India is expected to rise by mid-to-high single digits in the medium term, according to Fitch Ratings. This follows an estimated mid-teen rebound in FY22, compared to FY21 which saw a mid-single digit decline due to the pandemic. An 8.7 per cent recovery in the economy in FY22 is forecast to underpin growth across various construction sectors with cement demand in the infrastructure and affordable housing markets expected to see low double-digit growth on the back of high... |
Ambuja Cements embraces digitalisation16 June 2022, Published under Cement NewsAmbuja Cements Ltd ( Holcim group ) has renewed its focus on digitalisation. This will remain a key area for Ambuja Cements as it reshapes the way the company operates from running the plants to managing logistics and supply chains and ensuring customer connect. To this end, the company has invested in its ‘Plants of Tomorrow’ initiative, which aims to make manufacturing more efficient through better plant optimisation, higher plant availability and a safer working environment. Under th... |
Adani Group in discussions to raise US$4.5bn13 June 2022, Published under Cement NewsFollowing its acquisition of Holcim’s business in India, the Adani Group is in discussions with more than a dozen foreign banks in a bid to raise US$4.5bn. According to The Economic Times, this marks one of the largest loan-based fundraisings in foreign currency by an Indian corporate entity. The proposed loan structures include mezzanine financing, stock-backed bridge loans to be repaid in cash, and a senior debt facility for 18 months. The mezzanine financing may raise US$1bn, while the... |
Dalmia Bharat Ltd announced INR90,000m capex spending10 June 2022, Published under Cement NewsDalmia Bharat Ltd has said that the government's continued focus on the infrastructure and housing sectors builds ‘optimism’ for the cement industry and the company has committed to a capex of over INR90,000m to expand its manufacturing capacity over the next few years to meet the growing demand. "Aligned with the government's vision of building a stronger India, we committed a capex of INR90,000m over the next few years. We are eyeing greenfield units and the debottlenecking... |
Ramco Cements announces capex and price rise09 June 2022, Published under Cement NewsRamco Cements has announced capex of INR12-13bn (US$154-167m) to expand its production capacity over the next two years. At its Kurnool plant, trial production of clinker is now underway and with this, clinker capacity has expanded to 13.65Mta. The cement grinding facility, 6MW waste heat recovery system (WHRS), and an 18MW thermal power plant (TPP) are due to be commissioned during 2QFY23, according to the Financial Express. An additional 1-1.5Mta of grinding capacity is also planned in K... |
UltraTech explores electrification to reduce CO2 emissions09 June 2022, Published under Cement NewsUltraTech Cement Ltd has signed a Memorandum of Understanding (MoU) with Coolbrook to explore how electrification of the cement kiln heating process can help reduce CO 2 emissions. Coolbrook, a transformational technology and engineering company, will be looking at how its Roto Dynamic Heater (RDH) can be used to deliver temperatures of up to 1700˚C with high energy efficiency, thereby enabling its use in processes that have previously been considered impossible to electrify. When power... |
ACC Ltd releases ACC Gold Water Shield08 June 2022, Published under Cement NewsACC Ltd ( Holcim Group ) has developed ACC Gold Water Shield, which is the country’s first specially-formulated cement with high-quality water-repelling properties. The product ensures that structures made with it are durable and protected from dampness or seepage. ACC Gold Water Shield is specially formulated cement with high-quality water-repellent properties. With water repellence engineered at a particle level, it reduces the capillary action thus shielding homes from dampness and see... |
UltraTech Cement to invest INR128,860m for 22.6Mta capacity expansion07 June 2022, Published under Cement NewsThe Board of Directors at UltraTech Cement (Aditya Birla group) has approved capex of INR128,860m (US$1659m) to raise cement capacity by 22.6Mta with a mix of brownfield and greenfield projects. This will be achieved by setting-up integrated and grinding units as well as bulk terminals. The additional capacity will be created across the country. Kumar Mangalam Birla, chairman, Aditya Birla Group, said, “This ambitious capacity expansion plan is a significant milestone in the ongoing... |
Star Cement invests in new capacity07 June 2022, Published under Cement NewsStar Cement is planning to invest INR17,000-18,000m (US$218.9m-231.8m) over the next two years, in response to robust demand from the infrastructure and real estate sectors. The company currently operates two clinker units in Meghalaya with a total capacity of around 2.75Mta. A new clinker unit, costing INR10,000m, will add a further 3Mta of clinker capacity taking total production capacity to 5.75Mta. According to BusinessLine Online, the new unit is due to be operational by April 2024. ... |