Displaying items by tag: India
India: Orient Cement, part of CK Birla Group, has joined the Cement Sustainability Initiative (CSI). The CSI is a voluntary chief executive officer led business initiative operating under the umbrella of World Business Council for Sustainable Development (WBCSD) and a global effort by major cement producers towards sustainable development. Orient Cement expects membership of this initiative to give it impetus in its efforts to create a safe and ecologically favourable environment where it operates.
“We are delighted to be a part of the global mission to make our industry shoulder the responsibility for global sustainability. We thank the WBCSD and the CSI for partnering with us in our journey. We expect to contribute to and benefit from our participation in the various working groups of this initiative and look forward to a very engaging and fulfilling journey ahead,” said Deepak Khetrapal, the managing director and chief executive officer of Orient Cement.
India: Ultratech Cement has reported a fall of 11.84% in its net profit to US$107.1m for the quarter ending 31 March 2017, compared to 121.5m in the first quarter of 2016. However its total revenue rose by 4.25% to US1.21bn compared to US$1.16m a year ago.
For the year ending 31 March 2017, the company posted a rise of 10.87% in its net profit, which rose to US$409.1m. Revenue increased marginally by 1.44% to US$4.33bn.
India: ACC’s net profit after tax has fallen by 9% year-on-year to US$32.7m in the first quarter of 2017 from US$36m in the same period in 2016. Its sales revenue grew by 8% to US$482m and its cement sales volumes grew by 4% to 6.6Mt. The cement producer blamed the fall in profit on higher costs of petcoke, coal, packing materials and freight, as well as a shortage of fly ash. ACC also reported that it launched two new products in 2017, including ACC High Performance Cement (HPC), a slag cement.
India: The Confederation of Real Estate Developers’ Association of India (CREDAI) says that rising cement prices threaten Prime Minister Narendra Modi’s affordable residential construction scheme 'Housing for All.’ Nandu Belani, president of the Bengal chapter of CREDAI, said that his organisation had no choice but to pass rising prices on to consumers, according to the Times of India. CREDAI has also accused cement producers of ‘profiteering’ and alleged that they have formed a cartel. The developers argue that the cost of cement production has fallen following the introduction of various government subsidies.
India: The State High Level Clearance Committee of Karnataka has approved an expansion project at Birla Shakti Cement’s plant in Vasavadatta and a new plant at Gulbarga that will be built by India Cements. Birla Shakti Cement, a subsidiary of Kesoram Industries, is planning a US$97m upgrade to increase the plant’s production capacity to 9Mt/yr from 4.1Mt/yr. India Cements is planning to build a 2Mt/yr plant at Gulbarga.
India: A Joint Action Committee (JAC) comprising of Confederation of Real Estate Developers’ Associations of India (CREDAI), Telangana Real Estate Developers’ Association (TREDA), Builders Association of India (BAI), Telangana Builders Federation (TBF), Telangana Developers Association (TDA) and other small and big member groups has reacted angrily against a 60% increase in the price of cement in Telangana. The group has described the rise as ‘unjustified’ and has asked cement producers to rescind the increase, according to the Hindu newspaper. S Ram Reddy, president of CREDAI and chairman of the JAC said that fuel and power costs had not increased for cement producers. He added that the JAC had failed to obtain a response from the Cement Manufacturers Association on the issue. The developers are considering options including importing cement into the state from the international market. They are also planning to meet Prime Minister Modi with a request to constitute a body to regulate the cement industry.
India: Jaiprakash Associates’ (JAL) US$2.58bn sale of cement plants to UltraTech is likely to be completed by May 2017. Manoj Gaur, the executive chairman of JAL, said that the majority of the payment would be used to pay of debts, according to the Times of India. The cement producer is selling integrated cement plants with a production capacity of 17.2Mt/yr and grinding plants with a capacity of 4Mt/yr.
India: Ambuja Cement, a subsidiary of LafargeHolcim, supplied over 0.3Mt of cement for the Chenani-Nashri tunnel project that was opened in early April 2017. The company’s technical services teams provided technical support for the project by conducting cement mix design trials to achieve optimised mix proportion. It also held self-compacting concrete workshops to aid engineers and to provide support at the construction site to identify, diagnose and resolve problems. The group started providing materials to the project in 2010.
The new 9km single tube bi-directional Chenani-Nashri tunnel with a parallel intermediate lane escape tunnel of 29 cross passages, is considered one of the most challenging infrastructure projects in India in recent years. It is intended to make road travel safer and reduce traffic disturbances caused by unpredictable landslides, sharp bends, vehicle breakdowns and accidents on the existing mountainous route.
India: The India Ratings and Research has blamed demonetisation and elections for a poor fourth quarter for cement producers in the 2017 Indian financial year. Cement production volumes fell by 15.8% year-on-year in February 2017 and by 5% on a month-on-month basis. India Ratings also attributed the decline to a strong equivalent quarter in the 2016 financial year.
It reported that volumes for the major cement producers contracted by 5% year-on-year in the third quarter. On a regional basis it fell by 3% and 6% for producers in central and northern regions. However, volumes rose sharply, by 21%, in the south. Growth in the southern region has been supported by increases in government spending in the states of Andhra Pradesh and Telangana.
The agency also reported that changes announced by the Ministry of Railways, which requires long-term agreements and contracts for industries like cement, steel and fertilisers, could potentially drive demand for cement. The new policy will provide conditional discounts that could increase the transport of cement through the rail network and cement manufacturers will be able to control freight costs more effectively. However, the availability of wagons during peak periods might also constrain the policy.
India/Pakistan: Gebr. Pfeiffer has released information about orders for its mills for projects in India and Pakistan. In India Wonder Cement has ordered a MVR 6000 C-6 vertical roller mill from the company for its Nimbahera cement plant in Chittorgarh, Rajasthan. The mill will have a 5820kW drive and it will grind cement to a fineness of 4500 cm²/g according to Blaine. The mill can also be used to grind blended cement using slag, fly ash and gypsum.
Core components of the mill, including the rollers, will be supplied from Europe. The mill foundation parts, the housing and the integrated SLS 5600 BC classifier will be provided by Gebr. Pfeiffer India. Delivery of the mill is scheduled by the end of 2017.
In Pakistan Cherat Cement have ordered a MVR 6300 C-6 mill from Gebr. Pfeiffer for its cement plant in Cherat. The mill will grind 365t/hr of Ordinary Portland Cement to a fineness of 3200cm2/g according to Blaine. The MultiDrive will have a total output of 7800kW. Delivery is scheuled for 2018.
No price for any of the orders has been disclosed.