Economy & Market

Everest to construct fibre cement plant in Orissa

Published

15 years ago

January 6, 2011

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Everest Industries plans to set up a 1,00,000-tonne fibre cement product plant in Orissa with an investment of Rs 50 crore. "The company is in the process of identifying 20 acres in Orissa for the new plant that will produce roofing solution products. The expansion will be funded through internal accruals," said Manish Sanghi, Managing Director, Everest Industries.

Currently, Everest has six production lines of fibre cement for roofing and three lines for boards at its Roorkee plant. The company offers a complete range of building solutions which includes ceilings, walls, flooring, cladding, doors, roofing and pre-engineered steel buildings. Besides Roorkee, it has manufacturing facilities at Kymore, Nashik, Coimbatore and Kolkata. The building solution industry was badly hit in FY-11 due to the poor monsoon in 2009. The industry had registered a growth of just one per cent in the financial year 2010-11, said Sanghi. The industry may register a growth of 8-10 per cent this fiscal as the disposable income of farmers and rural areas has improved substantially on the back of a bumper harvest and higher realisations of commodities, he added. On the soaring cement prices, Sanghi said there are no concrete reasons for prices to remain so high particularly when there is an excess production capacity in the country. Cement prices may stabilise or soften from here on. It is surprising that the cement prices are the highest in the world despite the country ranked as the world’s second largest cement manufacturer, he said.

Concrete

WCA Welcomes SiloConnect as associate corporate member

Published

8 hours ago

April 13, 2026

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The World Cement Association (WCA) has announced SiloConnect as its newest associate corporate member, expanding its network of technology providers supporting digitalisation in the cement industry. SiloConnect offers smart sensor technology that provides real-time visibility of cement inventory levels at customer silos, enabling producers to monitor stock remotely and plan deliveries more efficiently. The solution helps companies move from reactive to proactive logistics, improving delivery planning, operational efficiency and safety by reducing manual inspections. The technology is already used by major cement producers such as Holcim, Cemex and Heidelberg Materials and is deployed across more than 30 countries worldwide.

Concrete

TotalEnergies and Holcim Launch Floating Solar Plant in Belgium

Published

8 hours ago

April 13, 2026

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TotalEnergies and Holcim have commissioned a floating solar power plant in Obourg, Belgium, built on a rehabilitated former chalk quarry that has been converted into a lake. The project has a generation capacity of 31 MW and produces around 30 GWh of renewable electricity annually, which will be used to power Holcim’s nearby industrial operations. The project is currently the largest floating solar installation in Europe dedicated entirely to industrial self-consumption. To ensure minimal impact on the surrounding landscape, more than 700 metres of horizontal directional drilling were used to connect the solar installation to the electrical substation. The project reflects ongoing collaboration between the two companies to support industrial decarbonisation through renewable energy solutions and innovative infrastructure development.

Concrete

Cortec® Corporation applauded for its strong safety performance

Published

8 hours ago

April 13, 2026

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Cortec® Corporation has been recognised for its strong safety performance, receiving its sixth Governor’s Workplace Safety Award for its outstanding performance in 2025. As a Silver Achievement recipient, the company continues to maintain safety metrics well above national industry averages, an impressive accomplishment for a chemical manufacturing organisation. This achievement reflects Cortec’s proactive approach to workplace safety, focused on early hazard detection and employee involvement. The company will be formally recognised at the Minnesota Safety and Health Conference in May, highlighting how industrial companies are effectively strengthening workplace safety standards.