Cement News tagged under: India
Asian Fine Cements launches new packaging16 September 2019, Published under Cement NewsIndia’s Asian Fine Cements Pvt Ltd has introduced the country’s first vacuum-tight packaging to the market for its Duraton7X cement. The packaging is expected to reduce water seepage and dust emissions, alongside increasing shelf-life. "We set up a big cement manufacturing facility at Rajpura in Punjab about one-and-a-half years ago with installed capacity of 1.5Mta. As of now we have launched our cement products in the Punjab, Haryana, Himachal Pradesh, Jammu Kashmir states and Union Terr... |
Dalmia Cement reportedly considers acquiring Emami Cement assets12 September 2019, Published under Cement NewsIndia’s Dalmia Cement (Bharat) has reportedly submitted an expression of interest in acquiring the cement assets of Emami Group, which have been valued at INR60bn (US$841.9m), according to The Economic Times. "Dalmia Bharat is currently studying the financials provided by the bankers of Emami Cement. The strategy will be decided once we conclude our assessment and firm up our intent to proceed. Moreover, we have a healthy leverage but would always keep all options open," said the company i... |
LafargeHolcim Bangladesh meets top brass of State of Meghalaya11 September 2019, Published under Cement NewsLafargeHolcim Bangladesh held talks over the continued cross-border transfer of limestone between the state of Meghalaya in India and Chhatak in Banglaesh. The meeting was arranged on the sidelines of LafargeHolcim Bangladesh's Board of Directors meeting held recently in Shillong, Meghalaya. The company brings in limestone from its own mines in Meghalaya to produce clinker and cement at its plant at Chhatak in northeast Bangladesh. Lafarge Umium Mining Ltd is the subsidiary of Laf... |
Indian cement companies amongst bidders for coal blocks10 September 2019, Published under Cement NewsIndia’s UltraTech Cement, ACC Cement and Reliance Cement are amongst the prospective bidders for the auction of 27 coal blocks. To attract investors, the government has allowed the sale of up to half the output to Coal India at a notified price, while a further 25 per cent can be sold in the open market. However, block operators have to consume at least 25 per cent of their produce in their own plant, according to The Economic Times. The Coal Ministry has also increased the time limit for... |
UltraTech MD to step down in December10 September 2019, Published under Cement NewsKrishna Kishore Maheshwari will be appointed as UltraTech's first non-executive vice chairman as he retires from his managing director role on 31 December this year. Kailash Chandra Jhanwar, currently deputy managing director and chief manufacturing officer, will succeed Mr Maheshwari as MD after this date. Before serving three years as MD at UltraTech, Mr Maheshwari was the managing director at Grasim. He is also a director for Aditya Birla Management Corp, a corporate body which provide... |
Sagar Cements sees improvement in consolidated production in August06 September 2019, Published under Cement NewsIndia’s Sagar Cements has reported a 11.7 per cent YoY fall in its standalone production figures for August 2019, which declined to 182,891t from 207,008t. However, consolidated production climbed 2.5 per cent to 250,081t from 243,963t. Standalone cement sales were down 3.8 per cent YoY to 194,819t in the month, compared to 202,429t in August 2018. Meanwhile, consolidated cement sales advanced 8.9 per cent to 268,997t. |
Confidence Cement acquires Zodiac Power Chittagong Ltd04 September 2019, Published under Cement NewsBangladesh's Confidence Cement has acquired a 51 per cent controlling share in Zodiac Power Chittagong Ltd. The new subsidiary is an independent power producer with a 54.36MW heavy fuel oil (HFO) power plant in Patiya, Chittagong. Confidence Cement has also begun testing and commissioning of the Zodiac Power Chittagong power plant which consists of MAN Engines, with operations commencing on 30 August 2019. Meanwhile, Confidence Power Holdings, an associate company of Confidence Cement, s... |
Indian cement demand growth forecast to slow in FY2003 September 2019, Published under Cement NewsGrowth in Indian cement demand is expected to slow to seven per cent in the FY19-20, against 13 per cent demand growth in the FY18-19, according to ICRA. However, average prices in the current fiscal year are likely to be higher while manufacturing costs will decrease. "We expect cement demand growth to taper off in the FY19-20 after a strong double-digit growth in the previous year. This is already being reflected in tepid growth in the 1QFY19-20, on the back of slowing of the project exe... |
Cement prices in Punjab rise after trade suspension03 September 2019, Published under Cement NewsAfter the suspension of trade between India and Pakistan on 10 August, the price of cement in Punjab has increased by almost INR100/bag (US$1.38/bag), according to the Hindustan Times. Therefore, the price of a cement bag has risen from INR260-275 to INR360-375. "Since Pakistan suspended trade with India, comparatively cheaper Pakistani cement has triggered a price rise in the domestically manufactured cement," said MPS Chatha, president of the All India Cement Importers Association. Befo... |
Ramco Cements expects price hike in Indian states30 August 2019, Published under Cement NewsIndia's Ramco Cements Ltd has stated that a cement price hike in Telugu states is imperative as prices are unviable for manufacturers. "Companies have to increase cement prices as current prices are unviable. There is no other way. Cement prices in Hyderabad range from INR220-270/bag (US$3-3.77/bag). Rates are similar in Andhra Pradesh, though we get INR10-15 more in Visakhapatnam and Rayalaseema regions," said R Ramakrishnan, president of marketing at Ramco Cements, in an interview with ... |