India Cement & Construction Materials journal

India Cement & Construction Materials journal Issue 27

CW Group is pleased to announce the publication of the new issue of India Cement and Construction Materials magazine. Among other major topics, the 27th issue provides an in depth features about India’s resilience to the negative trends on the global cement market, as highlighted by CW Group’s latest Global Cement Trade Price Report, as well as about the efforts undertaken by Indian cement majors in curbing the carbon footprints.

  • The new issue of ICCM magazine features a detailed analysis of the way India has so far resisted the impact caused by a weakening global economy and the negative trends in terms of cement demand. The story focuses on data provided by the latest quarterly edition of the Global Cement Trade Price Report, released by CW Research. The paper highlights India, being one of the markets with positive development in gray cement prices and slag exports, despite the global downturn caused mainly by the fall in commodity prices and exchange rates.
  • Another major topic covered in this issue of ICCM is India’s commitment towards curbing the carbon footprints. The feature in the magazine details how India was the only developing country that issued a blunt warning, after the “rich-nations” at the Paris high-level discussions passed the baton of curbing carbon emissions on to the developing countries.
  • The latest issue of ICCM also brings an extensive story about the coal issue in India following the cancellation of blocks by the Supreme Court. Meanwhile, the government is likely to earmark 25 per cent of the coal production for the unregulated sector, mainly benefiting the cement industry.

M&A and finance

  • India-based JSW Cement and J.K Lakshmi Cement are among the seven bidders shortlisted for Reliance Infrastructure’s 5.5 million ton cement assets.
  • HeidelbergCement India recorded a decline in standalone total income from operations to INR 402.69 crore.

Market and competition

  • The government of India plans to earmark Scheduled III round of coal mines for non-regulated sector, including cement. The e-auction will of the Schedule III mines will be held from January 18 to 22 January, 2016.
  • India’s Prism Cement has acquired a 50 percent stake in Coral Gold Tiles, a company that manufactures ceramic wall tiles.

Projects and expansions

  • India-based Birla Corp has commissioned its cement blending unit in Raebareli, Uttar Pradesh with an annual capacity of 50,000tons. The company has eight manufacturing facilities located in Pune, Rajasthan, West Bengal, Gurgoan, Uttar Pradesh and Madhya Pradesh.

Regional news

  • The Chairman of All Pakistan Cement Manufacturers Association said that cement import from Iran have been halted to support local cement production.
  • Pakistan is likely to challenge South Africa’s decision to impose anti-dumping duty on import of cement manufactured in Pakistan at the World Trade Organization.

Volume and pricing

  • According to CW Research analysis, India’s imports of uncalcined petcoke totaled just short of 0.7 million tons in October 2015 with cement companies representing close to 60 percent of purchases.
  • Builders approached the competition commission of India to prevent cement manufacturers from hiking prices as it has a direct impact on the cost of construction.

 

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