Displaying items by tag: Prism Johnson

India: Prism Johnson says that its partner RLJ Cement has completed part of a planned capacity enhancement at the Mirzapur plant in Uttar Pradesh. RLJ Cement has increased its cement production capacity by 0.20Mt/yr to a total of 0.50Mt/yr. Prism Johnson said that the agreement with RLJ is via a non-exclusive supply arrangement, where cement manufactured to Prism Cement’s specifications will be supplied for onward sale.

Following the expansion, Prism Johnson’s outsourced grinding capacity - through supply agreements with multiple units - has increased from 1.17Mt/yr to 1.37Mt/yr. The company said that the Mirzapur plant is now fully operational after the capacity upgrade and forms part of its broader strategy to expand supply tie-ups and scale production to meet rising demand.

India: Prism Johnson recorded a 4% year-on-year decline in its nine-month sales, from US$632m in its 2024 financial year to US$607m in its 2025 financial year. Its net loss was US$8.6m, compared to a US$22m profit in the previous financial year.

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.

India: Prism Johnson has appointed Raakesh Jain as Executive Director & CEO (Cement) with effect from 17 August 2024. His appointment will last for three years until mid-2027. He will succeed Vivek K Agnihotri, who has resigned.

Jain holds 30 years of experience in the building material industry working as the CEO of the cement division of Prism Johnson from late 2021. Before this he was the Chief Sales Officer for Nuvoco Vistas. Earlier in his career he spent nearly a decade with Lafarge India in sales roles. Before this he held sales positions for the white cement division of UltraTech Cement from the late 1990s onwards. He is a commerce graduate from Devi Ahilya University and holds a master of business administration in Marketing from Vikram University.

India: Prism Johnson has appointed Rohith Chintawar as its Chief Digital Officer. Prior to this he worked as Head Digital Transformation at HIL. Earlier in his career he held positions in consulting and analysis for Hitachi Consulting and Deloitte.

India: Prism Cement, part of Prism Johnson, has signed supply agreements with three cement producers in Bihar and Uttar Pradesh. Mayflex Cement Industries, RLJ Infracement and Rockhill Hi-Tech Cement will supply the cement producer and distributor with cement from their respective grinding plants, which have a total capacity of 820,000t/yr. Prism Cement said that the agreements will help it to improve local availability in the strategic markets of Bihar and Uttar Pradesh. Bihar contributed 19% of Prism Johnson's cement sales by volume in the 2022 financial year, and Uttar Pradesh 55%.

Mayflex Cement Industries reportedly commissioned its new 300,000t/yr Faizabad grinding plant in Uttar Pradesh earlier in 2022.

India: Prism Johnson has decided to move a proposed increase in its cement grinding capacity from its integrated Satna plant in Madhya Pradesh to a location in eastern Uttar Pradesh. It has done so in response to geographical demand. Previously the cement producer said it was going to add around 1Mt/yr of grinding capacity for a cost of US$34m with a commissioning date scheduled for September 2023. Now it wants to build a 2Mt/yr grinding unit in Uttar Pradesh for around US$67m with a commissioning date by December 2024.

India: The board of directors of Prism Johnson has approved plans for the company to raise funds through unsecured non-convertible debentures. The total value raised will be US$12.8m. The producer will issue the debentures on a private basis.

India: The board of directors of Prism Johnson will consider a proposal to raise funds through issue of secured or unsecured, rated, listed, redeemable, taxable non-convertible debentures (NCDs) on 13 August 2021. Any such issue will take place on a private placement basis.

India: Prism Johnson’s full-year consolidated net sales fell by 7% year-on-year to US$752m in the 2021 financial year from US$806m in the 2020 financial year. The group’s profit before tax increased more than doubled to US$21.4m from US$8.5m. Cement sales revenue grew slightly to US$354m.