Cement News tagged under: Indian sub-continent
PSX listed cement companies release financial results for 1HFY2310 March 2023, Published under Cement NewsCement companies listed in the Pakistan Stock Exchange (PSX) continue to report mixed financial results for the 1HFY22-23 (July-December 2022) of the current financial year FY22-23 (July 2022-June 2023). Although companies have reported an increase in sales, their cost of sales and bank borrowing has increased, resulting in a tightening of profit margins. According to JS Global Capital Ltd, demand improvement has given the industry room to pass some of the impact of cost growth due to the... |
FCT's latest equipment deliveries and commissioned projects06 March 2023, Published under Cement NewsFCT has recently completed a wide range of projects for the global cement industry for kiln burners and hit gas generators. Australasia FCT conducted a heat and mass balance of the 4200tpd cement kiln firing natural gas and alternative fuels at Adbri Ltd ’s Birkenhead cement plant , Australia. Europe A hot gas generator with accessories and control system has been commissioned by FCT at Cimenterie CBR , Lixhe, Belgium. The hot gas will be used to preheat raw material a... |
Dalmia Cement (Bharat) Ltd takes delivery of first LNG trucks06 March 2023, Published under Cement NewsDalmia Cement (Bharat) Ltd (DCBL), subsidiary of Dalmia Bharat Ltd (DBL), has deployed its first fleet of LNG trucks. DCBL has tied up with GreenLine Logistics (Green Planet Logistics Pvt Ltd), India’s first and only LNG-fuelled heavy trucking logistics company, for this significant initiative towards building a ‘green’ supply chain with an initial order of 35 trucks. The first batch of trucks have been deployed from DCBL’s Chandrapur plant in Maharashtra. The next deployment of 2... |
Experts expect a fall in Pakistan’s cement dispatches02 March 2023, Published under Cement NewsPakistan’s total cement industry dispatches in February 2023 are likely to reach 3.8-4Mt, down 8-12 per cent YoY with local dispatches expected to be down by 10-14 per cent YoY. However, deliveries are likely to remain more or less flat MoM despite fewer working days in February 2023 (28 days), which is likely due to the resumption of construction activities after the winter. According to an assessment of Topline Securities, in the 8MFY22-23 (July 2022-February 2023), industry cement sal... |
Fecto Cement posts 35% revenue growth02 March 2023, Published under Cement NewsPakistan’s Fecto Cement Ltd has reported revenue of PKR4145m (US$15.15m) in the six months ended 31 December 2022, marking a YoY increase of 34.8 per cent. Local sales revenue was up 32.7 per cent YoY to PKR3959m, while export revenue advanced by 102 per cent YoY to reach PKR186m. According to the company, the increase was driven by improved selling prices. Over the six-month period, Fecto Cement sold 311,129t, down 13.87 per cent YoY. Local sales volumes fell by 14.7 per cent Yo... |
MP Birla Cement opens first ready-mix plant02 March 2023, Published under Cement NewsMP Birla Cement has launch its first ready-mix concrete plant at Lucknow, Uttar Pradesh, India. Present at the opening were stakeholders led by the company’s MD, Mr Sandip Ranjan Ghose. Produced in fully computerised automated batching plants with advanced testing, MP Birla Cement Perfect Plus RMC caters to the construction requirement of residential and commercial projects like high-rise buildings, bridges, roads, airport runways and metros. |
Three Pakistan producers post profits in 1HFY22-2323 February 2023, Published under Cement NewsThree of Pakistan’s cement factories have posted a profit in operation between July and December of FY22-23 (1HFY22-23). However, double-digit inflation, a hike in interest rates and a sharp devaluation of the Pakistani rupee have dampened cement demand. Moreover, low GDP growth, high cost of construction materials and the cut in Public Sector Development Programmes (PSDP) saw cement dispatches decline by 21 per cent YoY in the 1HFY22-23. Fauji Cement Fauji Cement Co Ltd (FCCL) earned... |
Indian Railways to create cement corridor23 February 2023, Published under Cement NewsIndian Railways (IR) are planning to create a cement corridor to link cement and clinker plants along with fly ash facilities for the seamless movement of these products, senior officials. IR is in talks with the Cement Manufacturing Association (CMA) to create a road map to link cement manufacturing factories in the eastern, central, southern and Rajasthan clusters. The idea, officials said, is to create new lines where none exist and doubling the track where there is a single line. The ... |
Pakistan cement industry's exports fall in 7MFY22-2321 February 2023, Published under Cement NewsPakistan’s cement industry saw a negative export revenue trend on overseas dispatches in the 7MFY22-23 (July-January 2023), according to the country’s Federal Bureau of Statistics (FBS). During the 7MFY22-23, the cement industry earned US$100.63m by exporting 2.061Mt of cement and clinker, compared with US$160.92m from 4.315Mt exports in the 7MFY21-22. As a result, exports plummeted by 37.5 per cent in value, and volumes were down by 52.2 per cent. In local currency terms, export sales rece... |
Confidence Cement issues shares for two new projects20 February 2023, Published under Cement NewsBangladesh-based Confidence Cement is planning to issue convertible preference shares worth BDT1500m (US$14.2m) to invest in associate companies and to repay a portion of its long-term loans. According to The Business Standard, the shares will be converted at a 20 per cent annual rate, and in five years the preferred shares will be fully converted into ordinary shares. “The preference share proceeds will be invested in two projects,” Imran Karim, vice chairman of Confidence Cement told T... |