India: Shree Cement is on track to commission its 3.0Mt/yr cement grinding plant at Patas in Pune, Maharashtra in September 2021. The plant was originally scheduled for commissioning in late 2020 but this was delayed due to Covid-19 led-disruption. The unit has had an investment of around US$80m and it will source clinker from a group site in Karnataka. The plant is Shree Cement’s first in western India.
Anjani Portland Cement increases Bhavya Cements stake to 92%
India: Anjani Portland Cement has agreed to acquire a further 3% in Bhavya Cements to bring its stake in the company to 92% from 89%. The group says that its aim is to further consolidate its shareholding. In early June 2021, Anjani Portland Cement completed its purchase of an 83% stake in Bhavya Cements to increase its shareholding to 89% from 6%.
Indian cement producer orders 1.8Mt/yr grinding unit from Larsen & Toubro
India: Larsen & Toubro says that it has won a contract to supply a 1.8Mt/yr grinding unit to a site belonging to a ‘leading cement producer’ at Dolvi in Maharashtra. The supplier said that the scope of the work includes civil and mechanical engineering and equipment installation.
JSW Cement operates a 2.2Mt/yr integrated cement plant in Dolvi. It upgraded the plant’s capacity from 1.2Mt/yr in 2019.
Yanbu Cement increases first-half sales in 2021
Saudi Arabia: Yanbu Cement’s first-half sales were US$143m in 2021, up by 23% year-on-year from US$116m in the first half of 2020. Net profit fell by 11% to US$30.7m from US$34.5m. The company said that a local price drop and an increased cost of sales offset increased sales to yield the drop in profit.
