06 September 2021
Orissa state government approves grinding plants projects by My Home Industries and Ramco Cements 06 September 2021
India: The state government of Orissa has approved cement grinding plant projects proposed by My Home Industries and Ramco Cements. My Home Industries plans to build a new 3Mt/yr grinding plant at Badchana in Jajpur. The Orissa Diary newspaper has reported the value of the producer’s planned investment as US$89.0m. Ramco Cements has proposed a 0.9Mt/yr at Haridaspur in Jajpur. The unit will cost US$26.0m and employ 60 local people.
Nepal: The Cement Manufacturers Association of Nepal (CMAN) recorded average capacity utilisation across the local cement sector below 30% following the start of a national coronavirus lockdown that started in late April 2021. Despite the end of the Clockdown over the summer, demand is currently low due to an economic slowdown, according to the Kathmandu Post newspaper. It reported that three or four of the country’s 64 cement plants have shut down.
CMAN president Dhruba Thapa said, “There is a huge gap in output and demand in the market currently. Nepal's cement industry has a production capacity of 22Mt/yr, and this will rise to 25Mt/yr in the 2022 financial year. Demand reached around 9Mt in the 2021 financial year."
Documentary on cement plant pollution in Meghalaya wins 2021 Yale Environment 360 prize 06 September 2021
US/India: Judges from Yale University have awarded first place at the 2021 Yale Environment 360 video contest to Aarti Srivastava for her documentary film entitled the 'Story of Lumshnong.' The Indo-Asian News Service has reported that the film tracks the ‘disaster’ ensuing from the establishment of eight cement plants near the town of Lumshnong in a forested area of Meghalaya state. It claims that the intensive activity has led to water problems, high dust levels in Lumshnong and deforestation.
Exclusion of Indian mining activities reduces cost of FLSmidth’s acquisition of ThyssenKrupp Mining to Euro280m 06 September 2021
India: Denmark-based FLSmidth has agreed with Germany-based ThyssenKrupp to exclude the latter’s mining activities in India from the final deal in its acquisition of ThyssenKrupp Mining. This reduces the total cost of the transaction by 14% to Euro280m from Euro325m. FLSmidth said that the exclusion of the Indian business will not affect the transfer of its key intellectual property and technologies to the supplier as part of the overall transaction.