Connect with us

Concrete

Sanjay Ladiwala, Proprietor, Tandur & Shahabad Stone Co.

Published

on

Shares

More than a century ago, in the year 1911, my forefathers started the company, Tandur & Shahabad Stone and now we are stockist of the major cement giant, UltraTech. The annual sale of the company is 100,000 tonne. Operating all over India, we enjoy great support from the cement firms. Holding the position of Chairman, Cement Stocks and Dealers Association, Mumbai, I feel cement dealers commonly face three main issues: The first issue is that the margins have remained unchanged since last five-six years, while the costs of the dealers have gone up substantially, so the cement companies need to hike margins. The second is the bad debts faced by the dealers. The builders and the infrastructure contractors fail to pay up bills of the dealers and these bad debts have adversely impacted the business of the dealers. The third issue pertains to the legal aspect concerning the recovery of dues from defaulters. In the cement trade, the documentation of transactions is not taken care of and most of the transactions happen verbally, recovering dues poses a major problem and since the verbal transaction cannot be proved in a court of law, the outstanding dues turn into bad debts.

To feature your views in this section, please contact Julie at 022 24193038 or write to her at Julie@IndianCementReview.com

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Concrete

thyssenkrupp Polysius, SaltX partner for electrified production

Published

on

By

Shares

thyssenkrupp Polysius and Swedish startup SaltX have signed a Letter of Intent (LOI) to co-develop the next generation of electrified production facilities, advancing industrial decarbonisation. Their collaboration will integrate SaltX’s patented Electric Arc Calciner (EAC) technology into thyssenkrupp Polysius’ green system solutions, enabling electric calcination, replacing fossil fuels with renewable energy, and capturing CO2 for emission-free production. Dr Luc Rudowski, Head of Innovation, thyssenkrupp Polysius, emphasised that this partnership expands their portfolio of sustainable solutions, particularly in cement, lime, and Direct-Air-Capture (DAC). Lina Jorheden, CEO, SaltX, highlighted the significant CO2 reduction potential, reinforcing their commitment to sustainable industrial processes.

Continue Reading

Concrete

Terra CO2 secures $82m to scale low-carbon cement technology

Published

on

By

Shares

Terra CO2, a US-based sustainable building materials company, has raised $82 million in Series B funding, co-led by Just Climate, Eagle Materials and GenZero, with continued support from Breakthrough Energy Ventures. The investment will accelerate the commercial deployment of Terra’s OPUS technology, enabling the construction of multiple production facilities across North America and Europe. With the cement industry responsible for 8 per cent of global CO2 emissions, Terra’s solution provides an immediate, scalable alternative using abundant raw materials that integrate seamlessly with existing infrastructure. The company has secured key partnerships, including a deal with Eagle Materials for multiple 240,000-tonne plants.

Continue Reading

Concrete

Titan Cement Group enters South Asia

Published

on

By

Shares

Titan Cement Group has expanded into the South Asian market through a joint venture with JAYCEE, an India-based producer of supplementary cementitious materials. Titan will hold a majority stake in the newly formed company, Atlas EcoSolutions, which will focus on sourcing, processing, marketing, and distributing SCMs globally. This initiative aims to support sustainable construction by promoting alternatives to clinker-based cement. Jean-Philippe Benard, Head of Supply Chain and Energy Development, emphasised that the venture aligns with Titan’s strategy to lead in low-carbon building materials while reinforcing its commitment to sustainability and innovation. The move strengthens Titan’s position in a high-growth market while ensuring long-term access to SCMs.

 

Continue Reading

Trending News

SUBSCRIBE TO THE NEWSLETTER

 

Don't miss out on valuable insights and opportunities to connect with like minded professionals.

 


    This will close in 0 seconds