Mangalam Cements Posts Results

B K Birla Group Company Mangalam Cements Posts Loss For September 2015 Quarter

Kolkota based Mangalam Cement has posted its September 2015 quarter results.
The Company has reported for the September 2015 quarter a standalone total income from operations of Rs 200.16 crore against Rs 239.56 crore for the corresponding period last year. Mangalam Cements has reported for the September 2015 quarter a net loss of Rs 15.53 crore against a net profit of Rs 4.65 crore for the corresponding period last year.
The Company has reported for the September 2015 quarter Other income at Rs 0.23 crore crore against Rs 1.72 crore for the corresponding period last year.

Mangalam Cement is the cement wing of the B K Birla Group. The company has an installed cement 3.25 MTPA from its cement units Managalam Cement and Neer Shree Cement located at Adityanagar, Kota, Rajasthan. Mangalam Cement markets its brand Birla Uttam Cement in the states of Rajastan, MP, UP, Harayana and the Delhi areas.

Udaipur Cement Works

Udaipur Cement Works Posts Profit For September 2015 Quarter

Jaipur based Udaipur Cement Works have posted their September 2015 quarter results and show a net profit of Rs.1.56 crore.

Udaipur Cement Works has reported a standalone total income  of Rs 21.49 crore for the current September quarter from Rs 19.08 crore for the corresponding period a year ago.
The company has reported a net profit  of Rs 1.56 crore for the current September quarter from a loss of Rs 1.50 crore for the corresponding period a year ago.

Udaipur Cement Works has an installed cement and clinker capacity of 8 lakh tonnes per annum.

Prism Cement Posts Loss

Prism Cement Posts Rs.33.26 Crore Net Loss in Q2 of 2015

Prism Cement's standalone net loss stood at Rs.33.26 crore for the quarter ended September 30, against a net loss of Rs.19.76 crore in the same period a year ago.
Total standalone income stood at Rs.1,398.34 crore for the quarter ended September 30, against a net loss of Rs.1,337.19 crore in the same period a year ago.
Prism Cement total sales volume stood at 13.45 lakh tonnes of cement and clinker for the quarter ended September 30, against 12.92 lakh tonnes of cement and clinker in the same period a year ago.

Prism Cement Limited is one of the leading integrated Building Materials Companies in India, with a wide range of products from cement, ready-mixed concrete, tiles, bath products and fixtures to kitchens. The company has three Divisions, Prism Cement, H & R Johnson (India), and RMC Readymix (India).

Prism Cement commenced production at its Unit I in August, 1997 and Unit II in December, 2010. It caters mainly to markets of Eastern UP, MP and Bihar, from its plant at Satna, MP. Prism Cement has an effective capacity of 7 MTPA of Cement and Clinker.

Reducing Construction Waste

Pioneering Research To Reduce Construction Waste

The Engineering and Physical Sciences Research Council and Innovate UK, has made a grant to researchers of The University of the West of England (UWE Bristol), in developing a path-breaking project that could dramatically reduce the quantity of rubble from demolished buildings that goes to landfill sites.

Currently between 30% – 40%  of landfill in the UK originates from the construction sector through construction waste and demolition waste.

Researchers  believe that it will allow businesses to make savings on the purchase of new materials, thereby also shaving 10% off total construction costs.

More in detail on this project in the link below.

Reducing Construction Waste

Ambuja Cements Q3 Results

Ambuja Cements Posts Poor Q3 Results Down 35 % on Net Profit

Ambuja Cement, which Swiss building material major Holcim has a majority stake posted its Q3 results.

Ambuja Cement's Net profit comes at Rs.154 crore, against Rs.226 crore over the same period last year, a decline of 35.6 %.
Ambuja Cement's Sales volume comes at 4.82 million tonnes, against 4.67 million tonnes over the same period last year, a growth of 3.2 % per cent.
Ambuja Cement's Net sales comes at Rs.2,095 crore, against Rs.2,189 crore over the same period last year, a decline of 4.3 %.
Ambuja Cement's cement production comes at 4.82 million tonnes, against 4.67 million tonnes over the same period last year, a growth of 3 %.
Ambuja Cement's standalone income comes at Rs.2,110.87 crore, against Rs.2,202.06 crore over the same period last year, a decline of 4 %.
Ambuja Cement's total expenses comes at Rs.1,956 crore, against Rs.1,938.80 crore over the same period last year, a marginal increase.

Ambuja Cements follows the January-December accounting year.

Adapted from newspaper reports by Stewart D'Rozario

ACC Cement Posts Q3 Results

ACC Cement Posts Poor Performance in Q3 Results

ACC Cement's consolidated net profit fell 40.2% for the September 2015 quarter.

Consolidated net profit for Q3 September 2015 was Rs 115.21 crore, a fall of 40.2% over corresponding period last year.
Total income for Q3 September 2015 was Rs 2808.29 crore, a fall of 1.5% over corresponding period last year.
Operating EBITDA (earnings before interest, taxation, depreciation and amortization) for Q3 September 2015 was Rs 313.20 crore, a fall of 17.37% over corresponding period last year.
Cement sales volume for Q3 September 2015 was 5.61 million tonnes, a fall of 0.17% over corresponding period last year.

ACC Cement stated that while sales realization was almost flat, there was a reduction in input and energy costs. ACC Cement further stated that the cement industry witnessed weak offtake of cement in Q3 September 2015 due to subdued construction activity in most of the monsoon season. As a result, the company's cement volumes were correspondingly flat and selling prices were subdued.

ACC in its outlook for the future stated that the pace of economic revival so far had been slower than expected. In the coming few quarters, the company expects trends such as the recent cut in interest rates, softening of energy prices, control of inflation and government's concerted efforts to stimulate investment across several sectors will have a favourable impact on improving the overall economic environment in the country. This can help provide an impetus to construction activity that in turn would open up more opportunities for the growth of cement industry.

UltraTech Cement Sales Up 4%

UltraTech Cement Reports Cement Sales Up 4% and Profit Down 4% for Q2

Aditya Birla Group's UltraTech Cement, on a standalone basis reports for the September quarter:

Profits at Rs.394 crore as against Rs.410 crore for the corresponding period last year, down by 4%.
Sales at Rs.5621 crore as against Rs.5379 crore for the corresponding period last year, up by 4%.

The consolidated figures for the September quarter are a three per cent increase in net profit at ₹427 crore as against ₹414 crore for the corresponding period last year. Sales were up four per cent at ₹5,951 crore as against ₹5,720 crorefor the corresponding period last year.

The combined cement and clinker sales were up marginally at 11.51 MT as against 11.17 MT, while that of white cement and wall putty increased to 3.22 lakh tonnes as against 2.99 lakh tonnes.

During the September quarter, the company commissioned 1.6 MPTA cement grinding unit at Jhajjar in Haryana and 1.6 MPTA cement grinding unit at Dankuni in West Bengal. With this the cement capacity increased to approx. 65 MPTA. The company also commissioned a 2 MPTA cement bulk terminal in the rural area of Pune, Maharashtra.

Stewart D'Rozario, Cement Consultant from newspaper reports.

Regional Cement Market Growth

Cement Sales - North-Eastern Region Expected To Out-Perform Others

The Indian cement industry is peaking based on increased infrastructure spending / planned spending by the government. Northeast India with its characteristic of better leverage to public spending trends than its other regional counterparts, is likely to be a major beneficiary of higher government spending.

Economy and infrastructure experts, expect the country's GDP growth to revive on the back of investment on infrastructure. Cement demand growth will in turn revive on the back of demand from such sectors, including roads, railways and urban infrastructure. The assumption is that cement / GDP growth multiplier will go back to levels of 1.2 leading to cement demand growth of 7% / 8% in FY16 and FY17 respectively.

The Indian Northeast region is more leveraged to public spending trends than any other region in India. With increased investment in infrastructure by the government and various projects already in the pipeline, the Indian northeast region should be the highest cement volumes growth region in the country. The actual size of the Northeast cement market in terms of cement volumes might not be significant compared with the total cement market size of the country, but for cement companies who have a sizeable market share and major regional cement players, this region's high growth should help it outgrow peers in cement volumes.

UltraTech, Ambuja, Dalmia as well as Birla Corp. are expected to enhance cement market shares in this region and out-perform peers.

More on Regional Cement Sales Volumes Growth

JSW Cement's 2.4 MPTA Capacity Addition

JSW Add 2.4 MPTA To Capacity With Proposed Cement Grinding Unit

Head of the $11 Billion JSW group, Sajjan Jindal has gone on record stating that the group will be investing Rs 700 crore in setting up a 2.4-million tonne cement grinding unit at Salboni in West Midnapore district of West Bengal. JSW group Chairman Sajjan Jindal said that the group had decided on a cement grinding unit at Salboni where a 10 MT steel plant was earlier planned.

The cement divsion of the JSW group has an installed cement capacity of 6 MTPA. Cement clinker and slag supply sources, raw materials for the cement grinding have already been finalised. With the completion of this cement grinding project, JSW will have a cement capacity of 8.4 MPTA.

JSW cement has plants at Vijayanagar in Karnataka and Nandyal in Andhra Pradesh & Dolvi in Maharashtra. Key cement markets include Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Kerala, Maharashtra, Orissa, and Goa.

Reliance Cement's Online Portal

Online Sales Of Cement

Reliance Cement Company Pvt. Ltd (RCCPL), a wholly owned subsidiary of Reliance Infrastructure Ltd., part of the Rs.9000 crore Reliance Group, announced its foray into the online space to market cement through it's online portal

https://iss.reliancecement.com/etail/

The e-tailing facility is stated to be available for a minimum order of 25 bags and will be delivered to the customer within 48 hours of placing of a firm order. Initially, the e-tailing facility is to be available in Uttar Pradesh, Madhya Pradesh and Maharashtra.

The cement company currently produces 5.8 million tonnes per annum (MTPA) cement. A 2.8 MPTA integrated cement unit at Maihar in MP, a 2.2 MPTA cement grinding unit at Kundaganj in UP and 0.5 MPTA cement grinding unit at Butibori in Maharastra. Reliance cement also have a marketing tie-up at Durgapur in West Bengal to the tune of 0.3 MPTA of cement.

Reliance cement has set up ambitious expansion plans to become a cement major and hopes to achieve a total manufacturing capacity of 15.5 MTPA over the next few years by completing two plants of 5 MTPA each at Maihar in Madhya Pradesh and Muktaban in Yavatmal district of Maharashtra.

Cheer For The Cement Industry

Infrastructure Plans To Bring Cheer To The Cement Industry

In a recent interview, Transport and Shipping Minister Nitin Gadkari has promised to add two percentage points to India’s economic growth within the next two years. A great deal of development projects are stalled by land and environmental disputes. Road projects most of which are cement based roads, worth more than US$9 billion are among these stalled projects, tied up in red tape.

By March 2016, he goes on to say, he has plans to be building roads at a rate of more than 30 km per day. In the next three years, he wants to complete US$75 billion of infrastructure projects. Of interest to the cement industry is his statement, “We have now decided to make all roads of cement and concrete". If the progress on India’s infrastructure projects meets Gadkari’s projection, it will be good news for the cement industry, which is facing a slowdown in the most recent results released, with the exception of south-based cement companies who have put on a better show on account of better cement market prices and cement production discipline.

17th Asia CemenTrade Summit - 2015

Major Cement Producers To Meet in Bali, Indonesia

On two days, 20th and 21st October, 2015, Bali, Indonesia will host the 17th Asia CemenTrade Summit, with up-to-date review of the cement market growth in Asian countries, particularly Indonesia, India, the Philippines, Nepal, Myanmar and Laos with particular emphasis on infrastructure.

Healthy infrastructure development in Asia leading to increased demand for cement will be a core theme when major local, regional and global cement producers meet on 20th and 21st October in Bali.

The Indian viewpoint will be highlighted with a paper on: ‘India's Cement Demand under Modi's Government' presented by Ajay Kapur, MD & CEO, Ambuja Cements.

Other papers will be presented on various cement industry issues by participating countries.

Other summit highlights will be:
Global Economic Outlook – David Sumual, Chief Economist, PT Bank Central Asia.
Global Trends in The Cement Industry – Imran Akram, CEO, IA Cement.
Japan Cement & Cementitious Materials Market & Trade Outlook – Makoto Nakano, CEO, Marubeni Cement and Construction Materials Co.
Recent Trends in Dry Bulk Shipping Market: Implications for Cement and Clinker Transportation – Owen Mulford, Manager - Industrial Bulk, Norden Shipping.
Current Trends of Dry Mix Mortar in South East Asia – Malik Jamal Jaffar Ali, Senior Technical Service Manager, Wacker Chemicals.

Read more on the Cement Trade Summit...

South-India Based Cement Companies Q1 Results

Cement companies based in South-India beat hands-down all other cement companies at an All-India level as well as region based performance with their June quarter results. This was inspite of weak retail cement demand, poor infrastructure off-take and a sluggish real estate market. The key to the south based cement companies performance was pricing and production discipline which led to good realisations boosting their performance despite weak cement sales volumes.

Cement Net Profit Q1 Results

India Cements with a net profit of Rs.40 crore,
Ramco Cements with a net profit of Rs.95 crore,
Dalmia Cements with a net profit of Rs.58 crore,
Chettinad Cements with a net profit of Rs.49 crore,
Sagar Cements with a net profit of Rs.23 crore are a few of South-India based cement companies who have shown pretty good Q1 results.

Smaller cement companies such as NCL Industries, Deccan Cements, and KCP Cements have turned the corner showing profits with better cement prices in the region, an ability to strick a balance between demand and supply, lower raw material cost relative to sales, production discipline, fairly stable demand and limited cement capacity addition in the region.

Cement Industry's Merger and Acquisitions

Indian Cement Industry Consolidation

India's cement industry seems all set to see an increase in merger and acquisitions. Global majors like LafargeHolcim and Heidelberg, among others are looking to increase their cement marketing presence in India by opting for the easier brownfield route. Indian cement are not lagging in their M&A's as seen in the recent Birla-Lafarge deal which will bring the MP Birla Group's Birla Corp among the top 10 cement players in the country with capacity of approx. 15 million tonnes.

The newly formed LafargeHolcim conglomerate with an capacity of around 68 million tonnes per annum (mtpa) in India is No.1, closely followed by Kumar Mangalam Birla's UltraTech Cement, with a installed cement capacity of 65 mtpa. The Aditya Birla Group has a number of cement projects on stream and is likely to touch a capacity of 71 mtpa by 2016.

Some of the major cement M&A deals over the recent past:

2005: Holcim acquires stake in ACC. Later acquires stake in Ambuja Cement in 2006.

2006: Heidelberg Cement's joint venture in Indorama Cement subsequent accqusition of majority stake in Mysore Cement.

2008: Heidelberg Cement acquires remaining stake in Indorama Cement and merges with Mysore Cement creating Heidelberg Cement India. Installed cement capacity of the company increases to 3 mtpa.

2011: Jaypee Group purchases controlling stake in GP Goenka Group's Andhra Cements.

2013: UltraTech Cement bought the 4.8 MPTA Gujarat unit of Jaiprakash Associates for a value of Rs.3,800 crore in its biggest acquisition in recent times.

2014: Ambuja Cements acquires 24 percent stake in Holcim India, then followed by a merger of Holcim India into Ambuja Cements. The net result was Ambuja Cements holding 50 percent stake in ACC, which is in turn a 50 percent subsidiary of Holcim India.

2014: Ultratech Cement acquires two cement plants from Jaiprakash Associates in Bela, Madhya Pradesh.

2015: Dalmia Cement increased its stake-holding in OCL India from 48 % to 74.6 % through an inter-share transfer.

2015: Lafarge-Holcim merger deal estimated at $40 billion to create the world's largest cement group.

2015: Shree Cement completes acquisition of a cement-grinding unit of Jaiprakash Associates at Panipat, Haryan.

Cement Industry sources state that global consolidation in the cement sector is not only taking place globally but also in India as seen by a number of recent deals, as well as plans by a number of cement companies to get themselves at the top 10. 20 MTPA seems to be the benchmark that cement companies are setting up in order to get there.

The Sajjan Jindal-led JSW Group is setting up 10 grinding units in the country to triple its cement and clinker capacities to 20 mtpa in the next three years.

Reliance Cement is looking almost three-fold increase in capacity to 15 million tonnes in the next three years with new plants being planned in Maharashtra and MP.

Cement Industry experts say that the demand growth between 6.5% and 8% would outpace supply addition at 6.7% in FY16 as cement capacity utilization is likely to improve to 73% to 75% in FY16 compared to 71% in FY14.

JK Lakshmi Q1 Results

Cement Business Performance

JK Lakshmi Cement, a member company of the JK Organization, reported its Q1 results as under:

Standalone net loss of Rs 23.48 crore as against a net profit of Rs 40.45 crore in the April-June period of last year.
Total standalone income of the company was at Rs.590.75 crore as against a net profit of Rs 600.42 crore in the April-June period of last year.
Dip in total standalone income was 2% as against the April-June period of last year.
Increase in total expenses was 12% as against the April-June period of last year.

Subdued cement markets particularly in North and West, poor demand for cement, together with higher costs are stated to be the reasons for the Q1 results.

JK Lakshmi Cement has a marketing network of about 3000+ dealers spread in the states of Rajasthan, Gujarat, Delhi, Haryana, Uttar Pradesh, Uttarakhand. Punjab, Jammu & Kashmir, Maharashtra, Madhya Pradesh,Chhattisgarh, Odisha & West Bengal.

JK Lakshmi Cement has an annual turnover of Rs. 2300 crores.The company's Green field plant at Durg, has an installed capacity of nearly 2.7 million tonnes per annum (mtpa). Following commissioning, installed cement making capacity of the company now stands at 9.3 mtpa.

JK Lakshmi's Gujarat second grinding unit is expected to come into stream by the end of the current financial year.

Interview with Shaildendra Chouksey, Wholetime Director, JK Lakshmi Cement ...

JK Lakshmi Cement Business Results...

Orient Cement Posts Q1 Results

Orient Cement Posts 20% Drop In Net Profit at Rs.28 Crore

Orient Cement, a company under the CK Birla group on Tuesday, the 4th of this month reported a 20 per cent fall in their net profit for cement.
The figures in a nutshell:
*** Net Profit at Rs 27.89 crore for the June quarter as against a net profit of Rs 34.87 crore for the corresponding period a year ago.
*** Total Income at Rs 394.39 crore as against Rs 382.65 crore for the corresponding period a year ago a drop of 8.69%.
*** Total Expenses at Rs 301.34 crore as against Rs 327.36 crore for the corresponding period a year ago.

Orient Cements MD and CEO Deepak Khetrapal summed up the cement company's performance thus:
Q1FY16 has been a difficult quarter for the cement industry, with cement markets in west and north struggling to register any demand momentum.
Low cement demand and low cement capacity utilization has put further pressure on cement prices. Orient Cement had lost 10 per cent of their cement sales volume.

He also shared his views on the future:
Orient Cements will continue to focus on cost optimisation and increasing efficiency in power and fuel consumption.
The mining lease on July 31 for Orient Cements' upcoming Greenfield facility in Gulbarga, which is scheduled for commissioning within the next 4-6 weeks has been granted by the Karnataka Government.
As part of the growth plan to reach 15 million tonnes per annum (MTPA) by year 2020, Orient Cement is setting up a cement capacity of 3 MTPA at Chittapur, in Gulbarga, Karnataka at an investment of approx. Rs 2,000 crore.
Cement demand had been very sluggish across the country and there would not be much improvement in July-September quarter.
Post-Diwali, construction activities are expected to pick up and the things would start looking up for the cement industry.

Orient Cement MD and CEO Interview.

Extra Reading on this topic
Orient Cement Results
Cement Business Standard
Cement Economic Times
Cement Money Control

Cement Selling Price Hits Ambuja's Bottomline

Lower Cement Prices Hurt Ambuja Cements

Ambuja Cements announced their Q2 results, a synopsis is given below.

Q2 Profits at Rs.226.4 crore.
Dip at 45% over last year same period.
Total income declined to Rs 2,510.5 crore from Rs 2,720.1 crore.
Cement sales increased from 5.88 million tonnes of cement during the quarter, a growth of 1.6 percent compared to 5.79 million tonnes sold in the corresponding period last year despite poor demand for cement.

More data on Ambuja Cements Bottomline.
How lower cement selling prices hurt Ambuja Cements performance.

UltraTech Cement Follows ACC Cement

ACC Cement Sets The Trend

Aditya Birla Group's UltraTech Cement has announced its cement results for the quarter ending June 2015. The salient points are as under:

Consolidated Net Profit : Rs.591 crore as against Rs.628 crore last year.
Drop in net cement profit as against last year : 6 %.
Consolidated Net Sales : Rs.6372 crore as against Rs.5989 last year.
Rise in net cement sales : 6%.
Clinker and Cement sales : 12.14 Million Tonnes as against 11.70 Million Tonnes.

More here on Cement capacity increase and other acquisitions.

Sales of 1 Crore Cement Bags

1 Crore Amma Cement Bags Sold

The Tamil Nadu Government under its Cement Subsidy Scheme has sold over 1 crore cement bags which is just a little over 5 lakh MT in just under 6 months of the scheme being launched.

Amma Cement available at Rs.190/= per bag has till date benefitted 1,33,595 cement consumers, serviced from 470 cement godowns spread over the entire state of Tamail Nadu.

More on Amma Cement

Cement Subsidy

Tamil Nadu Cements Limited

1 Crore Cement Bags Sales

Signs Of Cement Market Revival

Cement Demand Still Weak

Despite signs of revival in the cement markets in India, cement demand still remains lacklustre. The demand for cement in the month of June 2015 was better than the previous three months. The cement Industry is keeping a close watch on the monsoon which will determine the way the rural cement market behaves.

A good monsoon will ensure that the rural markets will have surplus money to spend on housing and other related construction activities. A less than average monsoon will see the rural retail cement markets under pressure as rural spending will be muted.

The cement industry is placing high hopes in the revival in a big way of infrastructure spending by the government in the coming quarter.

More on Cement Demand

ABG Cement

ABG' 5.8 Million Tonne Cement Unit

ABG Cement is a Gujarat based cement company with a 3.3 Million tonne cement clinker plant located at Kutch in Gujarat, and a cement grinding unit based in Surat. Though the original plan was for a 5.8 million tonne cement unit, cost and time over-runs landed the cement company with only a 3.3 million tonne cement clinker unit as of now.

A special report from cement market insiders and cement industry experts give all the details here at ABG Cement

Sanghi Cement Expansion

Sanghi Industries Cement Production Expansion

Sanghi Industries has installed a new 1.2 Million tonne cement grinding unit at the cement company's plant located in Sanghipuram, Abdasa Taluka, Kutch District in Gujarat. With this new cement grinding unit installation, the total installed capacity will go upto 4.1 million tonnes from the existing 2.9 million tonnes.

More reading o this topic below...

Sanghi Cements Expansion

Sanghi Cements Production

Sanghi Cements Production Expansion

Cement Grinding Units

4 Greenfield Cement Grinding Units

JSW Cement as part of its long term strategy to achieve a cement and clinker capacity of 20 Million tonnes, has plans to start 4 greenfield cement grinding units. These cement grinding units are to be put in place in West Bengal and Tamil Nadu.

2 cement grinding units each are to be started in these states. A total investment outlay of Rs.9000 crore is planned.

JSW Cement Market Expansion

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Bulk Cement Carrier Sinks

Bulk Cement Carrier

M.V.Coastal Pride, a bulk cement carrier  sank off the coast of Daman, 75 nautical miles from Mumbai. Its 14 crew members were all rescued by the Indian Coast Guard and the Indian Navy who mouted a joint rescue operation.

More here on Bulk Cement Carrier

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Rural Cement Sales Demand

Rural Cement Sales

Heavy pre-monsoon rains all over central India has wrecked havoc on standing crops leading to heavy losses to farmers. This in turn has lead to reduced rural income and lower spending money. Rural housing has been put on hold for most people affected by this cycle. Rural cement sales has been affected as around 60% of total rural cement off-take is fron the rural retail segment and the rest of 40% by institutional buyers.

However cement companies who have responded to this cash crunch scenario by expanding credit to dealers have benefited as most cement dealers have passed on the expanded credit terms to the rural cement buyer. Rural retail cement sales of these companies have not been affected much as against cement companies whose credit terms are more rigid.

More on this from Rural Cement Sales experts here.

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Uses of Cement Bags

Cement bags used for bagging river sand

River sand has become such a precious commodity that used cement bags are used to smuggle it in. Bullock carts, goods autos, motorcycles and bicycles are used to transport river sand into town.

Read more in this special report on how cement bages are used

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Is FY16 yet another bad year for Cement Marketing ?

Cement Marketing in FY16

India is the second largest cement manufacturer in the world after China with an installed capacity of 390 Million Tonnes. Indian cement marketing is under the grip of a huge gap between demand and supply and could register single digit growth figures for now 5 years in a row. This year's scenario as projected by experts put the growth figures at a dismal rate of 1% to 3%.

However, the scene is all set to change in FY17 and hence cement earning projections for the period FY15-17 in terms of CAGR (Compound Annual Growth Rate) is to be in the range of 24%.

More details on Cement Marketing in FY16

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Cement Customer Support Group

Cement Customer Support Group

Ambuja Cement, part of the global conglomerate Holcim with 5 integrated cement manufacturing plants and 8 cement grinding units spread all over India had plans to train 18000 masons and 15000 contractors by the end of December this year.

Training in the field of cement, concrete, construction technology and civil engineering is done through cement knowledge centres. Ambuja has already to their credit 22 such centres and plan to add 15 more such cement training centres by the end of December this year.

Masons, contractors and engineers benefit from these cement training programmes through interactive sessions. These cement training programmes have both theory and practical aspects on masonry tools, how to select good quality building materials, right mix ratio and proportion, cement and concrete mixing methods, brick masonry, flooring, plastering and concreting.

Read more on these websites...

Cement Customer Support
Cement Knowledge Centres

in the field of cement, concrete, construction technology and civil engineering - See more at: http://money.livemint.com/news/market/equity/movers-today/ambuja-cement-gains-on-plan-to-set-up-15-knowledge-centres-across-country-by-december--380231.aspx#sthash.09Bg0bjv.dpuf

in the field of cement, concrete, construction technology and civil engineering - See more at: http://money.livemint.com/news/market/equity/movers-today/ambuja-cement-gains-on-plan-to-set-up-15-knowledge-centres-across-country-by-december--380231.aspx#sthash.09Bg0bjv.dpuf

in the field of cement, concrete, construction technology and civil engineering - See more at: http://money.livemint.com/news/market/equity/movers-today/ambuja-cement-gains-on-plan-to-set-up-15-knowledge-centres-across-country-by-december--380231.aspx#sthash.09Bg0bjv.dpuf

in the field of cement, concrete, construction technology and civil engineering - See more at: http://money.livemint.com/news/market/equity/movers-today/ambuja-cement-gains-on-plan-to-set-up-15-knowledge-centres-across-country-by-december--380231.aspx#sthash.09Bg0bjv.dpuf

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Cement Market Acquisition

Cement Market Acquisition

Larfarge has signed an agreement to acquire a 14% stake in its Indian subsidiary from Baring PE Asia for a sum of Rs.1950 crore / $303 million / Euro 270 million. After the aquisition is completed, Lafarge India will be wholly owned by Lafarge SA.

Read in depth on Cement Market Aquisition

Cement and M-Sand

Cement and M-Sand

This topic is relevant throughout the world, and India in particular as natural sand mined from riverbeds and sand quarries are fast running short. And India needs to strike a balance between development and preservation of natural resources.

Read this well written article on Cement and M-Sand