The News in different country
22 Oct 2020
India: UltraTech Cement’s consolidated net sales grew by 8% year-on-year to US$1.39bn in the second quarter of its financial year to 30 September 2020 from US$1.29bn in the same period in 2019. Its profit after tax more than doubled to US$167m from US$78.5m. The group attributed its progress to, “strong quarterly performance on the back of operational efficiencies and its ability to serve all India markets.”
Pakistan: The Sindh Environmental Protection Agency (SEPA) has arranged hearings on 21 October 2020 over alleged environmental protection regulation violations by Dewan Cement and Lucky Cement at their respective Kamilpur and Karachi cement plants in the province. The provincial agency, “has expedited its monitoring activities throughout the province to manage different types of pollution at their source.”
Tanzania: The Ministry of Industry and Trade said it is working to connect natural gas supplies to the local cement industry to help reduce operation costs and ultimately reduce the cost of cement to consumers. "The government is looking for the best way to ensure that gas is easily available, especially for existing (cement) industries in the Coastal Zone," said Minister for Industry and Trade Innocent Bashungwa.
The minister has also held a joint meeting with Minister of State in the Prime Minister's Office (Investment) Angellah Kairuki and nine cement manufacturers, according to the Tanzania Daily News newspaper. The meeting covered issues such as poor roads, energy supplies and taxation.
Nepal: The Investment Board Nepal has granted approval to Samrat Cement and Dang Cement for cement production at their upcoming integrated cement plants. New Business Age has reported that Samrat Cement will begin production at its 1.3Mt/yr cement plant in Dang Region in December 2020, and plans to increase the plant’s capacity to 1.6Mt/yr after a total investment of US$132m. Dang Cement’s 2.0Mt/yr cement plant, also in Dang region, is due for commissioning in late 2023 at a total investment cost of US$277m.
Samrat Cement Chair Mukunda Timilsina said, “We have brought modern machineries with German technology and skilled manpower is coming from India for this purpose.” He added that the plant will directly employ 500 local people and supply cement throughout western Nepal.
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