Displaying items by tag: India
India: Penna Cement has signed a five years freight tariff deal with South Central Railway (SCR). As part of the agreement the rate will remain fixed for one year, according to the New Indian Express newspaper. The contract also offers incentives including discounts if the freight volume exceeds the previous year’s amount. Penna Cement is the eighth company to sign such an agreement with the SCR.
Pakistan’s export picture mixed to February 2019
26 March 2019Pakistan: The All Pakistan Cement Manufacturers Association (APCMA) has reported that cement exports during first eight months of the current Pakistani fiscal year, from 1 July 2018, saw growth of 52.3% year-on-year compared to the same period of the prior fiscal year. Exports were 4.65Mt compared to 3.05Mt.
In February 2019 exports were up by 69.1% year-on-year at 0.51Mt. The southern part of the country, particularly the Sindh region, fared considerably better than the national picture, as cement exports from the region increased by 185% to 0.35Mt in February 2019. Local consumption in the region was also higher, albeit less dramatically, with sales of 0.67Mt as compared to 0.61Mt a year earlier. However, plants in the north continued to suffer, with exports falling by 16% to 1.86Mt over the eight-month period from 2.21Mt a year earlier. In February 2019 exports from the north declined by 8.7% to 0.17Mt
Among other factors, the export of cement to India has been suspended due to a 200% increase in the import duty, as the Indian government had announced to de-list Pakistan from the status of ‘Most-Favoured Nation.’ The APCMA also said that rain in almost all parts of Pakistan had also affected construction activities.
Shree Cement shuts down subsidiary in Singapore
15 March 2019India/Singapore: Shree Cement has closed down Shree Global, its subsidiary in Singapore. It said it had struck the company off the Registrar of Companies in early March 2019. Previously, the cement producer said that the subsidiary was being used to trade coal, petcoke, minerals, bags and other commodities.
JSW Cement launches slag cement in Goa
12 March 2019India: JSW Cement has launched its ‘Comp Cem’ product in Goa. It is a blend of clinker, ground granulated blast furnace slag and fly ash, according to the United News Of India. The new product is intended to help the cement producer expand its distribution network in the southern and western parts of the country.
India: The Cement Corporation of India has started the sale of its non-operating Nayagaon plant in Madhya Pradesh. Prospective bidders are invited to submit an expression of interest by mid-April 2019, according to the Press Trust of India. The Nayagaon plant was originally shut in 1997 but its mining lease remains valid for two quarries until early 2024.
The state-owned cement producer operates plants at Rajban in Himachal Pradesh, Bokajan in Assam and Tandur in Telangana. It has closed down integrated plants at Mandhar in Chhattisgarh, Kurkunta in Karnataka, Akaltara in Chhattisgarh, Charkhi and Dadri in Haryana, Adilabad in Telangana and Nayagaon in Madhya Pradesh. It has also closed grinding plants at Delhi and Bhatinda in Punjab. The company is planning to sell its non-operating plants first before divesting the operational units.
India: Residents of Jakhapura mouza, Jaipur district in Odisha have opposed plans by Chettinad Cement to build a 2Mt/yr grinding plant at the Kalinga Nagar Industrial Complex. Local citizens voiced their opposition to the project at a public meeting on environmental grounds, according to the New Indian Express newspaper. The proposed plant has a budget of US$36m.
India: The Central Pollution Control Board (CPCB) has issued a show cause notice to UltraTech Cement's Amreli plant in Gujarat for breaching air pollution limits. CPCB inspectors found that the particulate matter (PM) and NOx emissions were higher than allowed, according to the Times of India newspaper. The unit has been given 15 days to respond to the notice or face a fine of US$420/day since 31 August 2018.
India: FCI Aravali Gypsum and Minerals India plans to start operations at its new 0.3Mt/yr white cement plant to be built at Nohra Dhar, Sirmour district in Himachal Pradesh by 2022. A memorandum of understanding has been signed between Aravali and the state government, according to the Press Trust of India. The project has an investment of US$85m and it is expected to create 150 jobs. Aravali operates 15 gypsum mines in Rajasthan.
India: The Cement Manufacturers' Association (CMA) of India has signed a four-year wage settlement agreement with federations of major central trade unions, giving a raise of around US$70/month and other benefits. The agreement was signed with Indian National Trade Union Congress (INTUC), All India Trade Union Congress (AITUC), Bharatiya Mazdoor Sangh (BMS), Hind Mazdoor Sabha (HMS), Centre of Indian Trade Unions (CITU) and Labour Progressive Federation (LPF), according to the Press Trust of India. It will last from 1 April 2018 until 31 March 2022 and it is expected to apply to around 20,000 workers in the sector. The CAM represents 21 cement companies and it covers 60% of the country's total cement production capacity.
JK Cement to build new grinding plants
22 February 2019India: JK Cement has invested nearly US$65m towards building two new grinding plants at Balasinor in Gujarat and Aligarh in Uttar Pradesh. The Balasinor plant will have a production capacity of 0.7Mt/yr, according to the United News of India. It will cost US$35m to build. The Aligarh plant will have an investment of US$30m.