Cement News tagged under: indian sub-continent
IKN install new cooler grate at Adani Cement13 June 2024, Published under Cement NewsAdani Cement is having a 7800tpd IKN double-stage cooler grate fitted at its Himachal Pradesh cement plant to enhance efficiency, reduce power and clinker temperature, and improve WHRS performance. This strategic initiative aims to bolster the company’s commitment to profitability and energy efficiency. The project involves replacing the first and second grates of the existing IKN Pendulum cooler, with Dynamic Linear Drive (DLD). |
UltraTech conserves record water amount in FY23-2410 June 2024, Published under Cement NewsUltraTech Cement Ltd, India’s largest cement and ready-mix concrete company, conserved 105Mm 3 of water in FY23-24, making it five times water positive in line with its stated ambition. UltraTech’s water management efforts encompass areas within the unit premises as well as beyond the fence, ie within the communities the company operates in. The 105Mm 3 of water conserved includes the water it has reused, recycled, harvested and recharged both within its unit premises and through communit... |
DG Khan Cement is exploring other destinations for export07 June 2024, Published under Cement NewsBMA Capital recently organised a webinar with Inayat Ullah Niazi, the CFO of DG Khan Cement Co (DGKC). The webinar focussed on the company’s financial performance and outlook. DG Khan Cement's CFO expects an unfavourable macroeconomic environment to cause domestic cement demand to contract by 4-5 per cent in FY23-24. However, he anticipates a recovery in demand and sees capacity utilisation hovering around 50-55 per cent in FY24-25. In terms of exports, Mr Niazi said DGKC exporte... |
Substantial growth in Bangladesh's cement exports during 11MFY2407 June 2024, Published under Cement NewsBangladesh's cement industry has experienced significant export growth during the 1MFY24. The sector recorded a 34.3 per cent YoY increase in cement export revenue, reaching US$16.81m during the 11MFY23-24. This marks a substantial rise from US$12.52m in the corresponding period of the previous year and includes certain salt, stone, and related products. Cement exports also grew by 23.4 per cent YoY, surpassing the target of US$13.62m for the 11MFY23-24. Bangladesh mainly exports cement t... |
Pakistan's cement industry exhibits a mixed performance in May 202405 June 2024, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) data reveals a mixed performance in May 2024 when the country’s total cement dispatches increased by 7.8 per cent to 4.275Mt in May 2024 from 3.965Mt dispatched during the same month of previous financial year. However, YoY local cement dispatches declined by 2.2 per cent, while exports surged by 72.2 per cent. This significant increase of overseas shipments, from 533,215t in May 2023 to 917,96t in May 2024, not only indicates a promi... |
Vicat's Kalburgi plant begins training at its new AFR lab05 June 2024, Published under Cement NewsVicat Group has successfully completed of the first phase of its training programme on the new laboratory equipment at its recently-established alternative fuels and raw materials (AFR) laboratory at Kalburgi Cements Pvt Ltd's plant in Chatrasala , Karnataka. The training sessions ran between 23-30 May 2024 and over 20 employees from the quality control and AFR departments took part in the programme. The participants were introduced to a range of advanced laboratory instruments, incl... |
Sagar Cements posts 15% YoY production growth04 June 2024, Published under Cement NewsIndia's Sagar Cements Ltd has reported cement production of 5.47Mt in FY23-24 (1 April 2023-31 March 2024), up 15 per cent YoY. Clinker production over the same period improved by 22 per cent to 4.36Mt. Net sales in FY23-24 came in at INR24,982.5m (US$299m), marking an advance of 12 per cent YoY, while EBITDA expanded by 61 per cent to reach INR2459.1m. Profit after tax in FY23-24 stood at a loss of INR520.5m, compared to a gain of INR96.1m in the previous year, while earnings per share... |
HeidelbergCement Bangladesh looks for new MD29 May 2024, Published under Cement NewsHeidelbergCement Bangladesh Ltd is seeking a new managing director to oversee its operations in Bangladesh. Part of Heidelberg Materials (HM) Group, HeidelbergCement Bangladesh Ltd (HCBL) is Bangladesh’s leading cement manufacturing company. With a rich history of 151 years and a global presence in over 50 countries, the group boasts a workforce of 51,000 and an annual turnover of EUR21.2bn. In Bangladesh, HCBL offers two renowned flagship brands in Ruby Cement and Scan Cement. Appli... |
Dewan Cement's profitability dented due to high power costs in 9MFY23-2423 May 2024, Published under Cement NewsDewan Cement recently submitted its 9MFY23-24 report with the unaudited financial results for nine-month period that ended 31 March 2024 to the Pakistan Stock Exchange (PSX) for shareholders’ information. During this period, the company posted a loss of PKR601m (US$2.16m) against a loss of PKR758m, despite an increase of 12.9 per cent in sales during the new month’s period. The report adds that overall development activity and price hikes favourably impact sales revenue. However, the ... |
Pakistan's cement export trend continues to excel in 10MFY23-2421 May 2024, Published under Cement NewsPakistan’s cement and clinker exports increased by 35.9 per cent in the 10MFY23-24 (July 2023-April 2024) to US$204.54m (5.301Mt), compared to US$150.48m (3.24Mt) in the 10MFY22-23, the Pakistan Bureau of Statistics (PBS) said. In Pakistani rupee terms, export revenue saw a significant growth of 593 per cent to PKR58.21bn during the period, sustained by the local currency’s competitive rates against the US dollar. In addition, export volumes increased by 63.5 per cent YoY in the same period.... |