Cement News tagged under: india
NCL Industries sees 24% decline in production09 October 2019, Published under Cement NewsIndia’s NCL Industries has reported a 24 per cent decline in cement production to 371,000t in the 2QFY19-20, falling from 488,000t in the year-ago period. Cement dispatches also decreased by 25 per cent YoY to 367,000t from 488,000t. Elsewhere, the company's production of cement boards rose 12 per cent YoY to 18,503t for the second quarter, however, dispatches declined nine per cent to 15,140t. |
Pakistan's exports to India fall 41% in FY1908 October 2019, Published under Cement NewsPakistan’s cement exports to India fell 41 per cent to 0.716Mt in the FY19 ended 30 June, with no exports to the country taking place between March-September. The decline is the result of a 200 per cent duty set by the Indian government, according to The Daily Times. Furthermore, revenue from overall exports declined 13.2 per cent YoY to US$42.15m in the first two months of the current fiscal year. |
CMA commits to waste management01 October 2019, Published under Cement NewsIndia's Cement Manufacturers Association (CMA) has expressed its commitment towards disposal of wastes and plastics and use of alternative fuels and raw materials. Addressing the 'CONSERVE 2019' conference on alternative fuel and raw materials in the cement industry, CMA President, Mahendra Singhi, said: "The Indian cement industry has been able to use almost 75Mt of waste as a replacement of raw materials and fuels." Industry veterans present at the conference said that the cement manufac... |
UltraTech Cement outlines Century 'Scheme of Arrangement'01 October 2019, Published under Cement NewsUltraTech Cement's Board of Directors has declared the Scheme of Arrangement between Century Textiles and Industries Ltd (Century), the company and their respective shareholders and creditors (the Scheme) to be effective from 1 October 2019. For the scheme, the company will issue one equity share of face value INR10 (US$0.14) each for every eight equity shares of face value INR10/each held by the shareholders of Century, as on the record date to be decided by Century. This acquisition furt... |
UltraTech Cement26 September 2019, Published under Cement NewsUltraTech Cement, part of the Aditya Birla Group, is close to finalising the deal to sell its stake in Emirates Cement Bangladesh to HeidelbergCement Bangladesh Ltd. The price of the stake has reportedly been set at US$32.1m. UltraTech first produced cement in Bangladesh following Aditya Birla’s acquisition of ETA Star Cement in 2010, when it bought into ETA’s Bangladeshi subsidiary, Emirates Cement, which operates a 0.5Mta grinding plant in Dhaka. HeidelbergCement Bangladesh Ltd has two ... |
Wonder Cement appoints Sanjay Joshi as executive director26 September 2019, Published under Cement NewsIndia-based Wonder Cement, part of the RK Group, has appointed Sanjay Joshi as executive director. Mr Joshi is a chemical technologist, and an alumnus from IIM Calcutta and second-rank holder from UDCT, University of Mumbai. He has led multiple businesses across industries, including the building materials and paints sectors before joining the cement industry. "A firm believer in leading by example, Joshi has consistently driven initiatives that have raised the bar of efficacy and account... |
Dalmia to build 0.5Mta carbon capture facility20 September 2019, Published under Cement NewsAs part of its drive to become a carbon-negative by 2040, Dalmia Cement announced plans to build a 0.5Mta carbon capture facility at its cement plant in Tamil Nadu in 2-3 years. “The company is committed to become ‘carbon-negative by 2040’, and capturing process emissions from cement manufacturing will be critical towards reaching the target of net zero by 2040,” said Mahendra Singhi, MD and CEO, Dalmia Cement (Bharat) Ltd. The approach is to set up scalable large demonstration projects o... |
Dalmia Cement sets carbon neutrality target for 204020 September 2019, Published under Cement NewsIndia's Dalmia Cement has taken a proactive stance in reducing carbon emissions by announcing that it has targeted being carbon neutral by 2040. "We follow the strict regimes and are the greenest cement manufacturing company in the world. Reducing transition risks and creating transition opportunities are the top priorities; emissions and energy intensities directly impact the operating costs and India's Dalmia Cement aims to be carbon negative by 2040," said Sunil Gupta, executive director... |
Bharathi Cement commissions 10MW solar power plant17 September 2019, Published under Cement NewsIndia’s Bharathi Cement has commissioned a 10MW solar power plant at its 5Mta cement works in Kadapa, Andhra Pradesh. The facility is expected to help cut the company’s overall energy costs by reducing its reliance on thermal power. The project was delivered by Fourth Partner Energy in a record 60 days, according to a company press release. The power plant is part of Bharathi’s long-term plan to transition to renewable energy. |
Indian Railways introduces surcharge exemption for major commodities17 September 2019, Published under Cement NewsMajor commodities transported by Indian Railways such as cement, clinker, coal, food grains and fertilisers will be exempt from a 15 per cent surcharge between 1 October 2019-30 June 2020. Usually, between October and June, a surcharge of 15 per cent is levied on base freight and is known as a busy season surcharge (BSC). Furthermore, a five per cent supplementary charge on mini and two-point rakes has also been waived off. "BSC, which is levied at 15 per cent from 1 October-30 June, has ... |