Cement News tagged under: Indian sub-continent
JK Cement launches new brand identity06 July 2021, Published under Cement NewsJK Cement has launched a contemporary and forward-looking corporate brand identity. The new avatar of JK Cement was officially unveiled at a virtual event by Dr Raghavpat Singhania, managing director, JK Cement, Madhavrishna Singhania, deputy managing director and chief executive officer, JK Cement, and AK Saraogi, deputy managing director and chief finance officer, JK Cement. "Our new corporate identity is inspired by Shri Yadupati Singhaniaji’s vision, values and legacy. It is his v... |
Pakistan cement dispatches grow by 13% in June05 July 2021, Published under Cement NewsPakistan’s cement sector posted a robust YoY growth of 12.73 per cent in June 2021, as total dispatches rose to 5.211Mt against 4.623Mt in June 2020. Cement dispatches rose by 20.40 per cent to 48.119Mt in 12MFY21 from 39.96Mt during the 12 months of the last financial year 2019-20, according to data released by the All Pakistan Cement Manufacturers Association (APCMA). The rise is attributed to construction activities under the Naya Pakistan Housing Scheme (NPHS), vital government initia... |
Cherat Cement Co receives approval for greenfield plant25 June 2021, Published under Cement NewsCherat Cement Co Ltd (CHCC) has informed the Pakistan Stock Exchange Ltd (PSX) that the Board of Directors of the company, in its meeting held on 24 June 2021, has approved a greenfield cement plant installation at DI Khan, Khyber Pakhtunkhwa Province in Pakistan. According to Azam Faruque, CHCC Chief Executive, the plant will have an installed production capacity of 11,000tpd of clinker. The project's total cost is estimated to be approximately PKR34bn (US$215.4mn), with completion of... |
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... |
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... |
Pakistan registers higher 11MFY21 export and 10MFY21 production21 June 2021, Published under Cement NewsThe Federal Bureau of Statistics (FBS) of Pakistan has released cement export and production data for the July 2020-May 2021 (11 months) and July 2020-April 2021 (10 months) periods, respectively. Both segments of cement post rising trends in export and local production. Export values and volumes increased during the 11MFY20-21 period, but the average export price remained weaker, reflecting a poor price market for cement and clinker. AHL Research reports that exports were climbing durin... |
Flying Cement Co slates expansion to complete in 3QFY2218 June 2021, Published under Cement NewsFlying Cement Co Ltd (FCC) announced that its plant expansion in Mangowal, Kushab district of Pakistan's Punjab province is due to come online in the 3QFY22. The cement plant has an existing clinker production capacity of 4000tpd (Line I) and the company's Line II project will add a further 7700tpd to take total clinker production capacity to 11,700tpd. Out of the PKR10.2bn (US$64.8m) total projected cost for the expansion, FCC has already incurred PKR7bn. Taking into account the plant's ... |
Fiscal budget to offer incentives in Bangladesh cement industry17 June 2021, Published under Cement NewsBangladesh’s National Budget for 2021-22 (July 2021-June 2022) was presented by Minister of Finance, A H M Mustafa Kamal, in Parliament on 3 June. During his speech, the minister acknowledged that cement, iron and iron products are the critical components of infrastructural development. Therefore, if tax incentive is provided to these industries engaged in producing these items, development of physical infrastructure will be easy and cost-effective. He proposed reducing the tax rat... |
Pakistan's Federal budget 2021/22 has benefits for cement industry16 June 2021, Published under Cement NewsPakistan’s Finance Minister, Shaukat Tarin, presented the PKR8.48trn (US$54bn) federal budget for 2021-22 in the National Assembly last week. The government had set the GDP growth target at 4.8 per cent against the expected 3.9 per cent for the outgoing financial year. In addition, Islamabad allocated a considerable fund for Public Sector Development Programme (PSDP). These indirect incentives are conducive for the cement industry in Pakistan. Research experts believe and unanimously termed... |