Cement News tagged under: india
Mangalam Cement completes capacity upgrade at Morak29 June 2021, Published under Cement NewsIndia’s Mangalam Cement has completed a trial run of an expansion project at its Morak plant in Rajasthan. As a result, clinker capacity at the plant has been improved by 300,000tpa and cement by 400,000tpa. Following the upgrades to Morak’s Line I, overall capacity of the company now stands at 4.4Mta. |
Ambuja Cements and ACC make Industry 4.0 investment29 June 2021, Published under Cement NewsHolcim India companies, Ambuja Cements Ltd and ACC Ltd, are further investing in Industry 4.0 under the group's ‘Plants of Tomorrow’ programme. The four-year programme aims to create a global network of over 270 integrated cement plants and grinding stations in more than 50 countries by applying automation technologies and robotics, artificial intelligence, predictive maintenance and digital twin technologies to the entire production processes. Neeraj Akhoury, CEO India Holcim and mana... |
Improving outlook for Indian producer profitability29 June 2021, Published under Cement NewsRecent price hikes undertaken by cement manufacturers in India are expected to aid margin growth in the FY22, according to projections by brokerage house CLSA. Local producers have implemented consecutive price increases in March, April and May, and CLSA believes the sector's profitability outlook has improved, stated a report by Indian business news publication Mint. CLSA expects industry EBITDA/t to increase by three per cent YoY in the FY22. However, CLSA cautions that some of the discr... |
Panyam Cement prepares to restart operations28 June 2021, Published under Cement NewsIndia’s Panyam Cement, based in Andhra Pradesh, has received approval from the National Company Law Tribunal (NCLT) to begin operations once more. The NCLT approved the resolution plan for the defunct company, while its new management (RV Consulting Services Company and Sagar Power Ltd) are set to invest INR1bn (US$13.47m) to clear the loans of the previous management and a further INR1.5bn for fresh capital. |
thyssenkrupp Industrial Solutions India appoints a new CEO25 June 2021, Published under Cement NewsRajesh Kamath will head thyssenkrupp Industrial Solutions India, the plant engineering group company of thyssenkrupp Industrial Solutions AG (BU Uhde) in India. Kamath takes over the reins from the CEO & Managing Director PD Samudra, who superannuates at the end of June 2021, after heading the company from 2014 as the first Indian, since its incorporation as an Indian company in 1977. The official handover was formalised in an online meeting of the company’s key account Cust... |
NCL Industries announces expansion plans24 June 2021, Published under Cement NewsIndia’s NCL Industries has announced an INR3bn (US$40.4m) expansion and modernisation plan to boost its total cement capacity to 3.6Mta by 2022. The project includes setting up a 0.66Mta grinding unit near Anakapalle, Andhra Pradesh, at an investment of INR2bn and modernising its plant in Mattapalli, Telangana, at a cost of INR1bn. "We will be replacing the old ball mills with vertical roller mills for grinding that will enhance capacity by 2000tpd and help boost overall capacities from t... |
Geocycle India to process plastic waste from river clean-up22 June 2021, Published under Cement NewsACC and Ambuja Cement’s waste management subsidiary, Geocycle India, will be joining Rekart Innovations in removing plastic waste from the Jojari riverbed in Pipar, Jodphur, Rajasthan. The first load of plastic waste, weighing more than 10t, was recovered recently and sent to Geocycle’s processing facilities at the cement plants of both cement producers. “Geocycle’s vast co-processing infrastructure guarantees safe and environmentally-friendly final treatment of the collected waste. Co-pr... |
JSW Concrete is established in Mumbai with its first unit22 June 2021, Published under Cement NewsJSW Cement, a part of US$12bnn JSW Group, has announced its entry into ready-mix concrete business under the brand name 'JSW Concrete'. It has set up its first production unit in Chembur, Mumbai, and has plans to expand the business to other locations. "The RMC business foray follows the green products ethos of JSW Cement and will launch unique eco-friendly concrete for use in various commercial construction projects," the company statement said. JSW Cement is now aiming to o... |
India: further challenges ahead15 June 2021, Published under Cement NewsIndia’s cement demand declined by less than initially anticipated in 2020 and producer profitability was supported by a better-than-expected economic recovery, stable cement prices and greater cost efficiencies. However, GDP growth has been precarious and as the pandemic takes a concerning turn, 2021 may be no less challenging in terms of market dynamics and maintaining cost discipline. A pick-up in government-led infrastructure projects resulted in incremental cement demand Ind... |
Cement prices rise in Tamil Nadu15 June 2021, Published under Cement NewsCement prices in India’s state of Tamil Nadu have reportedly climbed over the past few months. Builders in the state have claimed a 13 per cent price hike from INR460 (US$6.27)/bag in May to INR520/50kg bag in June, according to The Hindu. Research firm Emkay has also stated there has been a 20-22 per cent rise in prices in the state from FY20 to FY21. Real estate developers are noting that this will have an impact on the total cost of projects. "When it comes to construction there are tw... |