Displaying items by tag: India

UAE: India’s JSW Cement plans to invest around US$150m in a new integrated 1Mt/yr plant in Fujairah. The project will also include a captive power plant, according to the Economic Times newspaper. The company expects to commission the new plant by December 2019. The project is part of the group’s target to reach a production capacpty of 20Mt/yr by 2020.

India: Gujarat Sidhee Cement has temporarily suspended operations at its Sidheegram plant in Gujarat due to heavy rain. It said that suspension was a ‘precautionary measure.’ All operations of the kiln and upstream equipment has been stopped. However, cement grinding and despatch will constine to operate.

India: Shree Digvijay’s income rose by 11% year-on-year to US$17m in the quarter to 30 June 2018 from US$15.4m in the same period in 2017. It profit for the period increased by nearly four times to US$0.86m from US$0.22m.

India: Roads and highways minister Nitin Gadkari has threatened implementing price controls on cement. He blamed problems his ministry has faced building concrete roads on alleged price collusion, according to the Telegraph India newspaper. During questions at the Indian Parliament he said that if cement producers did not ‘fall in line’ then he would propose placing cement under the Essential Commodities Act.

India: Bharathi Cement has launched ‘Bharathi Ultrafast,’ a new multipurpose cement product. The new product as an Ordinary Portland Cement (OPC) 53.3 grade cement, according to the United News of India agency. The subsidiary of France’s Vicat operates an 5Mt/yr integrated plant in Kadapa, Andhra Pradesh and Vicat also owns a subsidiary, Kalburgi Cement, which runs a 2.75Mt/yr integrated plant in Kalaburagi, Karnataka. Both companies market their products under the Bharathi Cement brand.

India: UltraTech Cement’s consolidated net sales rose by 27% year-on-year to US$1.3bn in the quarter that ended on 30 June 2018 from US$1.01bn in the same period in 2017. However, its profit after tax dropped by 30% to US$92m from US$131m.

The cement producer also said that it agreed to buy the cement assets of Century Textiles & Industries in the reported quarter and that it commissioned a 1.75Mt/yr grinding unit at its Manawar plant in Dhar District, Madhya Pradesh.

India: Bharathi Cement plans to build new plants in Vizag and Mumbai. The new units are intended to meet market demand in the east and west of the country respectively, according to the Economic Times newspaper. The company hopes to raise its national market share to 5% from 4% at present with the new plants and from new products.

India: Ramco Cement has ordered three vertical roller mills from Germany’s Loesche. It has ordered two LM 41.2+2 CS type mills with two grinding rollers and two support rollers with a power range of 3000kW and a capacity of 130t/hr for two of its cement plants to grind the Portland Pozzolana Cement (PPC). The first mill will be installed at Kolaghat, West Bengal, where Ramco Cement is upgrading a grinding plant to 2Mt/yr from 0.95Mt/yr. The second mill will be used at a grinding plant in Gobburupalam, Visakhapatnam in Andhra Pradesh.

A third mill has been ordered for a newly-built plant at Haridaspur in Odisha. Here, a LM 46.2+2 CS type mill with a capacity of 3750kW will be used to grind PPC with a throughput of 165t/hr. This order also includes mill fans, bag-type filters and further auxiliary equipment. It will all be delivered by the end of 2018.

India: Dalmia Bharat has launched a fine blend composite cement product called Dalmia FBC. The product is a mix of slag and silica and it is intended to combine the properties of Portland Slag Cement and Portland Pozzolona Cement. The new brand was launched by BK Singh, Senior Executive Director, Group Marketing and Communications, Dalmia Bharat Group and Indrajit Chatterji, Executive Director Sales and Marketing (East) Dalmia Bharat Cement.

UAE: India’s Shree Cement has completed its acquisition of Union Cement. Shree Cement has purchased a 97.61% in the company. It is the company’s first acquisition outside of India. Union Cement operates a cement plant Ras Al- Khaimah.