Construction World - Indian Edition | January 2009

CEMENT Update

Jaypee to set up cement unit in AP
Jaypee Group is planning to set up a cement manufacturing facility in Andhra Pradesh with an investment of Rs 1,600 crore. The unit on 250 acre will have an annual capacity of 5 mn tonne. It will be operational by 2010.
Contact: Jaypee Group.
Tel: 011-2614 1540. Fax: 011-2614 5389.
E-mail: jil@jalindia.co.in Website: www.jilindia.com

Cement Cos in Gujarat increasing capacity
Several cement companies in Gujarat are increasing their capacities. These include AHW Steels, a subsidiary of the Bagaria group, which is currently negotiating with the Gujarat government for setting up a cement unit in Kutch. The unit on 1,000 acre will be set up with an investment of Rs 1,200 crore. The company has also sought mining lease from the state government for the plant. Similarly, Gujarat Mineral Development Corporation (GMDC) has entered into a joint venture with Jaypee Group to set up a 2.4 mn metric tonne per annum of cement unit in Kutch, while Sanghi Cement is in the process of raising its capacity to about 9 mmtpa in Kutch, and Binani Group is aiming to set up a 2.5 mmtpa in Kutch.

Cement cos to trim production
The domestic cement industry is planning to trim production due to various reasons like increasing gap between production and despatches, softening of cement prices and inventory level inching towards 2 mn tonne. The 205-mn tonne cement industry added over 30 mn tonne in FY08 and is set to add a similar capacity in the current financial year to take the overall capacity to around 230 mn tonne. However, cement demand is low with growth at 7-8 per cent against the anticipated 10 per cent.

JK Cement UAE project delayed
The 2.2-mn tonne UAE cement plant by JK Cement, which was scheduled to go onstream by the middle of 2010, is likely to be delayed by nearly a year as the company is redrawing the strategy amid global slump and meltdown. The plant with an investment of $400 mn is to be set up in the Fujairah province. The local government will also have 10 per cent stake in it. The Rs 1,450-crore company, which currently has an overall capacity of 4.4 mt, is also setting up a 3.5 mt greenfield project in Karnataka.
Contact: JK Cement.
Tel: 040-2750 8700. Website: www.jkcement.com

Rising stocks, poor demand forces ACC to shut clinker kiln
Rising stocks and poor demand in the northern region has forced ACC Ltd to temporarily shut its 4,800 tonne a day Gagal-II kiln in Himachal Pradesh. The kiln that contributes 2.4 mn tonne a year, had been witnessing accumulation of clinker stock for quiet some time due to lack of demand and increase in duty free imports.
Contact: ACC Ltd.
Tel: 022-6665 4321. Fax: 022-6631 7440.
Website: www.acclimited.com

Aditya Birla Group’s cement production up by 2.76%
The cement production of Aditya Birla Group for the period April-November 2008 has increased by 2.76 per cent to 201.19-lakh mt as against 195.80-lakh mt during April-November 2007. The despatches too grew by 3.20 per cent to 200.64-lakh mt against 194.43-lakh mt in the corresponding period last year. Cement production in November 2008 alone rose by 9.47 per cent at 25.03-lakh mt.
Contact: Aditya Birla Group.
Tel: 022-5652 5000.Fax: 022-5652 5750.

Box
Cement prices fall
Cement prices in November 2008 in the eastern, northern and southern parts of India have declined due to sluggish demand as compared to previous months. Prices in the eastern part of the country have declined by Rs 10 - Rs 12 for a 50-kg bag over the last fortnight, while prices in the northern and southern markets have fallen by Rs 2 - Rs 4 a bag. Western and central regions are the only markets where the cement makers have been able to maintain their prices.

 




 

[1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] | Next | Home

© COPYRIGHT 2008 All Rights Reserved www.constructionupdate.com