India: With one more cement terminal set to commence operations in November 2015 on the port premises and two more in the pipeline, Kochi, Kerala is set to emerge as a major cement hub in south India.
Cochin Port Trust sources said that the number of cement terminals at the port would go up to three with the Zuari Cement terminal set to commence operations in November 2015. This is in addition to the UltraTech and Ambuja cement terminals in operation already. Penna Cement has begun construction works and decks have been cleared for Malabar Cements to begin work on its proposed terminal. All of the terminals, excluding one, would be capable of raising their throughput to 1Mt over the years, according to Port Trust.
These terminals will not only increase income for the financially-troubled Cochin Port Trust, but also generate substantial employment involving evacuation of the cargo out of Kochi to various parts of Kerala. For every 10,000t of cement imported, the Port Trust will earn up to US$230,714/yr in both vessel and cargo related charges.
Figures show that cement throughput at the Kochi port has grown substantially between 2010 - 2011 and 2014 - 2015. Cement throughput was 2.59Mt during 2010 - 2011. It has gone up to 7.03Mt during the 2014 - 2015 financial year. Cement throughput almost doubled from 3.11Mt during 2012 - 2013 to 6.04Mt during 2013 - 2014.