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Cement sector order for AVG Logistics 01 January 2025
India: AVG Logistics announced that it has successfully secured an order worth US$10.5m from a cement manufacturing company, marking a significant milestone in the company's expansion strategy. Under this contract, the company will leverage its expertise in managing complex logistics networks to provide tailored solutions. The company plans to address the unique challenges of the cement supply chain, from raw material transportation to finished product delivery.
Schwenk Zement enters agreement with Iberdrola for wind power supply 31 December 2024
Germany: Iberdrola Germany and Schwenk Zement have entered a long-term electricity supply agreement. Schwenk will receive 1500GWh from the Windanker offshore wind farm, currently under construction in the Baltic Sea. This supply will account for about 20% of Schwenk's electricity needs. The wind farm will have 21 turbines, each with a capacity of 15MW, and will cover an area of approximately 17.9 km², located 38km northeast of Rügen. The farm will be connected to the grid in 2026.
India: Kaushalya Logistics has secured permissions for three upcoming depots, at Akbarpur, Fatehpur and Shahganj, Uttar Pradesh. Capital Market News has reported that JK Cement will use the depots in its operations.
Pharaon Investment looking to offload Attock stake 30 December 2024
Pakistan: Lebanon's Pharaon Investment Group Limited is reportedly considering the sale of its 84% stake in Attock Cement Pakistan, according to Pakistan Today. The holding company recently announced that it was re-evaluating its long-term strategic options in Pakistan, which also include Attock Petroleum, Attock Oil Company and Attock Refinery.
Attock Cement has been 'battered' by low demand in the Pakistani cement industry in recent years, following a period of expansion in the early 2010s. It produced 0.31Mt of cement in the first quarter of the 2025 financial year (to 30 September 2024), an 11% year-on-year fall from 0.35Mt a year earlier.
India: Prism Johnson has implemented the Ramco ERP Suite across its cement operations. Ramco ERP Suite is an enterprise resource planning system that incorporates maintenance, sales and distribution. Tools include a Contract Labour Management System for work shifts and Interactive Business Intelligence System for transaction management, along with GIS-enabled applications. Ramco also offers a Real-Time Integrator module to connects its Process Suite Advanced Process Control Expert Optimisers to the suite.