Cement News tagged under: south Asia
Boiler explosion kills two and injures 14 at UltraTech plant09 July 2024, Published under Cement NewsA boiler explosion at the UltraTech Cement factory in the Jaggaihpet region of India has reportedly killed two workers and injured 14 others. Of the injured, Avula Venkatesh and Paritala Arjun died while being treated, and a further three workers are said to be in critical condition according to NTR District Collector, Gummalla Srijana. The Jaggaiahpet police have announced that the explosion may have occurred due to a suspected gas leak in the boiler unit, following a p... |
Dalmia Bharat adds 1Mta of capacity at Kadapa05 July 2024, Published under Cement NewsDalmia Bharat Ltd has expanded the capacity of its integrated cement production facility at Kadapa in Andhra Pradesh by an additional 1Mta. The company announced on 4 July that the expanded capacity had begun production. The expansion, which required an investment of INR2.07bn (US$24.79m), will increase the total capacity of the Kadapa unit to 3.6Mta and the company’s total installed capacity to 46.6Mta. The expansion aims to meet the growing cement demand in the southern markets and... |
Dalmia Bharat to collect an additional 70,000t of RDF from Gadakana01 July 2024, Published under Cement NewsThe Bhubaneswar Municipal Corp(BMC) has announced its decision to allow Dalmia Cement (Bharat) Ltd to collect an additional 70,000t of refuse-derived fuel (RDF) from the Gadakana temporary transit station. The RDF is produced from the waste that is processed at the site. Previously, the state government had partnered with four cement plants – Dalmia’s Rajgangpur, Siva Cement’s Kutra, ACC’s Bargarh and Toshali Cements’ Ampavalli – to manage non-recyclable waste, but only Dalmia has an a... |
Adani Group sets US$3bn aside for multiple cement acquisitions14 June 2024, Published under Cement NewsThe Adani Group is planning several potential acquisitions within the cement sector. These include Hyderabad-based Penna Cement , Jaiprakash Associates’ cement business, Gujarat’s Saurashtra Cement, and Vadraj Cement (owned by ABG Shipyard). The group has allocated US$3bn for these acquisitions, demonstrating its commitment to a bold inorganic growth strategy as it attempts to become the largest cement producer in India. Adani Cement is currently the second-largest producer in I... |
Canada and UNIDO join forces to decarbonise Thailand cement sector13 June 2024, Published under Cement NewsThe United Nations Industrial Development Organization (UNIDO) is joining forces with the Canadian government to help decarbonise Thailand’s cement and concrete sector. A combination of technical assistance and investment support will be given to Thailand to help develop decarbonisation-centric policies, a regulatory framework, and a country-driven national and industrial net-zero roadmap. In addition, the project will support effective monitoring, as well as review and verification syste... |
Dalmia Bharat Acquires 26% stake in Solarcraft Power India11 June 2024, Published under Cement NewsDalmia Bharat Ltd agreed on 8 June to purchase a 26 per cent equity share in Solarcraft Power India 23 (a Karnataka-based solar power firm) for INR103.18m (US$1.24m). The cement company also signed an agreement to buy 8.4m compulsory convertible debentures, amounting to 26 per cent additional equity in Solarcraft, for INR84.38m. Additionally, Dalmia Bharat has signed a power purchase agreement with the energy company. The company said the aim of this was to “source solar power ad a capt... |
Holcim Philippines to recycle 10Mt of demolition waste in 202507 June 2024, Published under Cement NewsHolcim Philippines has announced that it aims to recycle 10Mt of demolition waste in 2025. According to the company, the move will make Holcim Philippines one of the leading recyclers in the country, boosting the cement producer’s volumes from the almost 8.4Mt reported in 2023. Holcim has also called on stakeholders to focus on circularity, encouraging them to partner with other companies in a push for innovative and sustainable building solutions, reports the Philippines News Agency.... |
Ramco Cements posts 4QFY24 results24 May 2024, Published under Cement NewsIndia-based Ramco Cements Limited (TRCL) has announced its financial results for the 4QFY24, reporting a 20 per cent decline in its standalone net profit after tax to INR1210m (US$14.54m), compared with INR1520m in the same period a year prior. The reduction in profit has been attributed to cost pressures. The company’s net revenue increased to INR26.87bn in Q4FY24. For the year ending 31 March 2024, the company’s net profit rose by 14.8 per cent from INR3.44bn to INR3.95bn. Meanwhile, ... |
Hume Cement doubles profits17 May 2024, Published under Cement NewsMalaysia’s Hume Cement Industries has reported net profit of MYR61.06m (US$13.04m) in the third quarter of the current financial year, ended 31 March 2024. This has more than doubled compared to the same period a year earlier. Revenue over the same time frame advanced from MYR289m to MYR310.4m. According to the company, the increase in revenue and profit was due to lower manufacturing costs, coupled with a higher cement average selling price and higher sales volumes. For the first nin... |
ERP for increased cement industry efficiency30 April 2024, Published under Cement NewsEnterprise resource planning (ERP) brings together the myriad of data flows in a cement company, enabling staff to make informed decisions on how to manage operations. This article provides an overview of the benefits to be gained. By Karthikeyan Selvarathinam, Ramco Systems Ltd, India. W ith the cement sector expected to show a CAGR of 5.4 per cent in the next five years, the industry is forecast to supply a US$498.23bn market by 2028. However, significant socio-political, macro-economi... |