Displaying items by tag: India
India: The Department of Industrial Policy and Promotion (DIPP) has asked the Ministry of Environment, Forest and Climate Change to delay a deadline for compliance to emission standards by two years to 2019. New regulations covering emissions of sulphur dioxide, nitrogen oxides and particulate matter for plants that do not co-process alternative fuels were due to be implemented from 31 March 2017, according to the Financial Express newspaper. However, the DIPP says that it doesn’t think that the industry is ready to adhere to them yet.
India: Emami Cement has commissioned a 2Mt/yr cement grinding plant at the Panagarh Industrial Park in the Burdwan district of West Bengal. The project cost US$76m, according to the Hindu newspaper. The plant will produce Ordinary Portland Cement, Portland Pozzolana Cement and Portland Slag Cement products under the ‘Emami Double Bull’ brand. The new plant joins Emami Cement’s integrated plant at Risda in Chattisgarh. It is also building another 1.8Mt/yr grinding plant in Odisha.
India: Redecam Group and Isgec Heavy Engineering have started a joint venture called Isgec Redecam Enviro Solutions in Noida, Delhi. The new company will provide for flue gas treatment systems for the cement, power and metals industries.
“Air pollution is one of the major environmental issues India and the rest of Asia face today and it is a serious problem with the major sources being industrial emission and biomass burning, vehicle emissions and traffic congestion. In the effort to reduce the country’s air pollution, Redecam and Isgec aim to build a strong business in Asia, drawing upon Redecam’s global expertise combined with the skills and knowledge of Isgec, a strong partner headquartered in India,” said Barry Downing, chief executive officer of Redecam Group.
Italy’s Redecam Group is an engineering company that serves the air pollution control industry around the world. India’s Isgec Heavy Engineering is a general engineering company with references in the cement, chemical, textile, power, oil, gas and sugar industries.
India: Babul Supriyo, the Minister of State for Heavy Industries and Public Enterprises, has revealed that the government is planning to sell five plants in the first phase of its divestment of non-operational units of the Cement Corporation of India (CCI). In a letter to the Indian parliament he said that plants at Mandhar, Kurkunta, Bhatinda, Nayagaon and Charkhi Dadri would be sold first, according to the Press Trust of India. However, legal issues at Delhi Grinding Unit (DGU), Adilabad and Akaltaraneed need to be resolved before these plants can be sold. No value for the sale has been set yet as the plants have not been valued.
India: Calderys India and Magnesita have entered into a strategic alliance to work together in India and to increase their product portfolios for the cement industry. Calderys India will be the lead contact for the sales, marketing and after sales for Magnesita in the region as well as continuing to sell its own refractory product line. Alongside this Magnesita will supply technical support to Calderys India to support the shared market.
India: ACC has sold its 12.1% in Shiva Cement to JSW Cement for US$5.8m. Following the sale JSW Cement now holds the entire promoter holding in Shiva Cement, according to the Mint newspaper. In January 2017 JSW Cement announced that it was making an open offer to buy out Shiva Cement. Shiva Cement operates a 0.2Mt/yr cement plant in Rourkela, Odisha.
India: A report by HDFC Securities suggests that the Indian cement industry will witness its first decline in cement sales volumes since 2001 due to demonetisation. The research by Ankur Kulshrestha and Sarfaraz Singh says that cement volumes fell by 13% year-on-year in January 2017 following a 9% decline in December 2016. They added that cement demand, although weak, is recovering from the shock with the south of the country least effected.
"Our channel checks across the country show cement demand, though still weak, is recovering from the effect of this move. Though states undergoing political processes (Uttar Pradesh and Punjab) are an exception to this recovery as of now, there is a possibility demand may pick up once the government formation is complete," said Kulshrestha and Singh. They added that energy prices contributed much of a surge of cement industry profitability in the last financial year or so.
India: The Ministry of Environment, Forest and Climate Change has decided to form a multi-disciplinary committee to examine the possibility of building cement plants near to power plants to use fly ash. The decision was taken at the ministry's Expert Appraisal Committee (EAC) for thermal power projects in mid-February 2017 following a directive by the National Green Tribunal (NGT) in January 2017, according to the Mint newspaper.
"Only 20 - 30% of fly ash is being currently used in making Pozzolana Portland Cement (PPC). Though there are technologies available worldwide for using 80% of fly ash in cement manufacturing, it is not practised in India for various reasons," said an expert committee convened by the ministry.
A sub-committee may be formed with the representative Ministry of Mines, Ministry of Power, CEA (Central Electricity Authority), Department of Industrial Policy and Promotion (DIPP) and Ministry of Coal to examine the issue. In 2015, about 180Mt of fly ash was produced across India and by 2025 it is estimated to reach 300Mt/yr. Unused fly ash is typically dumped into ash ponds.
India: The India Ratings and Research credit agency predicts that the cement industry will grow by 4 – 5% in the 2017 – 2018 financial year due to demand from infrastructure activities and a revival in housing demand in rural areas led by government spending. In a report it has revised downwards its growth estimates for the 2016 – 2017 period to 3 – 3.5% from 4 – 6% due to the negative effects of demonetisation. It added that, although the price of petcoke and coal has almost doubled since September 2016, it expects that stable cement demand will allow producers to pass these costs onto consumers in the 2017 – 2018 period.
Cement producers will add 50Mt/yr additional production capacity in the 2016 – 2018 period with the eastern region leading growth at 17Mt/yr followed by the north at 14Mt/yr. However, it fears that capacity increases in these regions may outpace demand. India Ratings said that the country’ cement production capacity utilisation rate was 70% in the 2015 – 2016 period and that it was likely to decrease to 65% following the effects of demonetisation. It is expected to rebound back to 70% in the next financial year.
India: Ambuja Cement’s standalone net sales fell by 2% year-on-year to US$1.37bn in 2016 from US$1.4bn in 2015. Its sales volumes of cement fell by 2% to 21.1Mt from 21.5Mt. However, its operating earnings before interest taxation, amortisation and depreciation (EBITDA) rose by 10% to US$251m from US$229m. It blamed the loss in sales on the government’s demonetisation policy and bad weather. Despite sales growth in the first half of the year, its sales volumes in the fourth quarter fell by 9% due to cash shortages.
“Our rapid adoption of cashless payment methods in the December 2016 quarter helped Ambuja to deliver a strong performance in 2016. In 2017 we are well placed to be part of the infrastructure development panned by the government and the new thrust on affordable hosing projects,” said Ajay Kapur, chief executive officer of Ambuja Cement.
The cement producer also reported that its operating costs fell in 2016 due to a reduction in energy costs, mainly due to an increased use of petcoke, higher usage of alternative fuels and general efficiency improvements.