Connect with us

Economy & Market

Cement market bullish

Published

on

Shares

According to market reports, the September quarter results of many cement companies show a positive trend with the government?s thrust on infrastructure sector. Market analysts feel that shares of cement companies are already pricing in the start of an upcycle in the industry.

Mangalam Cement hits record high
Mangalam Cement has surged 4 per cent to Rs 330 on National Stock Exchange (NSE) after India Capital Fund purchased 602,596 equity shares or 2.26 per cent stake of the company through open market.

On November 17, 2014 India Capital Fund bought 446,414 shares of Mangalam Cement at Rs 315 on the BSE and bought 156,182 shares at Rs 315 on the NSE, according to the bulk deal data.

The stock opened at Rs 320 and touched a record high of Rs 336 on NSE. A combined 190,417 shares changed hands on the counter till 1107 hours on NSE and BSE.

The company?s trailing 12-month (TTM) EPS was at Rs 9.70 per share. (Sep, 2014). The stock?s price-to-earnings (P/E) ratio was 32.48. The latest book value of the company is Rs 189.93 per share. At current value, the price-to-book value of the company was 1.66. The dividend yield of the company was 1.9 per cent.

Shree Cement Q2 net dips 37 per cent
Shree Cement reported a 37 per cent dip in net profit for the July-September quarter of the current fiscal at Rs 108.81 crore on higher expenses. The company, which has an annual capacity of 17.5 million tonne, had clocked Rs 172.22 crore net profit in the same quarter last fiscal, according to its BSE filing.

Total income, however, rose to Rs 1,608.08 crore during the reporting quarter from Rs 1,247.54 crore in the corresponding period, a year earlier. Expenses, on a host of heads including raw material and fuel costs, on the other hand, rose to Rs 1,490.51 crore from Rs 1,112 crore in the year-ago period.

The company consumed raw material worth Rs 137.41 crore from Rs 104.53 crore. Power and fuel costs escalated to Rs 413.47 crore from Rs 300.45 crore. Freight expenses went up to Rs 316.99 crore from Rs 249.32 crore. Depreciation charges in the quarter also increased to Rs 222.65 crore from Rs 113.87 crore in the same period, last year.

India Cements back on profit track
The India Cements has reported a satisfactory performance during second quarter of this year against cost pressure and weak demand in the south. According to official estimates, cement industry grew 9 per cent at the national level in the first half of this year ending September 30, 2014 against practically nil growth in the previous year. South was the weakest among the regions.

India Cements, during the second quarter ending September 30, 2014 improved its net plant realisation which helped to offset the drop in volume and the cost increases. This resulted in an EBIDTA (operating profit) of Rs 183 crore in Q2, FY 15 against Rs 134 crore in the same quarter of the previous year.

The company reported a net profit of Rs 7.49 crore. Net sales improved to Rs 1131.68 crore (Rs 1093.78 crore). The board at the meeting held on November 12, 2014 approved the proposal for raising an amount not exceeding Rs 500 crore by way of issue of issue of QIP/FCCB/GDR/other securities to improve the leverage and for meeting normal capital expenditure.

Ramco Cements Q2 net jumps five-fold
The Ramco Cements Ltd, formerly Madras Cements Ltd, reported about five-fold jump in its standalone net profit to Rs 89.71 crore for the second quarter ended September on the back of cost reduction and improved realisation. The company had posted a net profit after taxes, minority interest and share in profit/(loss) of associates at Rs 18.27 for the same period in the previous fiscal, it said in a statement.

Total income from operations for the July-September quarter also increased by Rs 30.72 crore to Rs 951.43 crore from Rs 920.71 crore in the same period a year ago. For the half-year ended September 30, the net profit of the company escalated 44.59 per cent to Rs 125.97 crore from Rs 87.12 crore in the year-ago period. For the first half of the current fiscal, Ramco?s total income from operations increased marginally and stood at Rs 1,910.58 crore, up from Rs 1,907.89 crore in the corresponding period of the previous fiscal.

The lower production and sale of cement during the half-year under review is due to continued slackness in demand for cement in key areas of its market, the company said. The fillip for infrastructure activities due to bifurcation of Andhra Pradesh is expected to materialise in the coming months.

Continue Reading
Click to comment

Leave a Reply

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

Economy & Market

Fornnax launches world’s biggest secondary/fine shredder for AFR pre-processing

Published

on

By

Shares

Fornnax has introduced its latest breakthrough – the R-MAX3300, for handling low-density waste streams, offering a powerful solution for cement AFR plants.

Fornnax Technology has launched its latest breakthrough – the R-MAX3300, the biggest secondary shredder in its class. The unveiling took place on 14th October, 2025 at IFAT India 2025 in Mumbai, one of the most prestigious events for environmental technologies, waste management, and sustainable resource innovation.

The launch ceremony was graced by esteemed industry leaders and dignitaries. The guest list included Md Fahim Sopariwala, CEO, GEPIL India; Sridhar Jagannathan, Vice President, Zigma Global; Priyesh Bhatti, CEO, GEPIL India; Shailendra Singh, Deputy General Manager, Prism Johnson (Cement Division); Ulhas Parlikar, Global Consultant, Waste Management, Circular Economy, Policy Advocacy and Co-processing; Saurabh Palsania, Joint President (Strategic Sourcing), Shree Cement; Rajeev Patel, DGM (Process), Mangalam Cement; and Anumodan Kumar Dubey, Mangalam Cement.

This state-of-the-art equipment represents a significant advancement for India’s recycling and waste processing landscape, offering a powerful solution for cement AFR plants and waste-to-energy facilities.

Building on the proven performance and legacy of the R Series secondary shredder, which has long been trusted for high-density materials like tyres and cables, the newly introduced R-MAX3300 is specifically engineered for handling low-density waste streams. These include Municipal Solid Waste (MSW), Commercial and Industrial (C&I) waste, Bulky waste, Legacy waste, Wood waste, and Construction & Demolition (C&D) waste.

By incorporating advanced shredding technology, the R-MAX3300 enables seamless and highly efficient production of Refuse Derived Fuel (RDF) and Solid Recovered Fuel (SRF) within the ideal particle size range of 30 to 50 mm. Its design prioritises versatility, durability and superior performance, directly supporting industrial operations that demand consistency and scale.

“The R-MAX3300 represents a monumental leap forward in our vision to become a global leader by 2030 in recycling technology through innovation,” said Jignesh Kundaria, Director and CEO, Fornnax Technology. “With the rising challenges of waste management in India and globally, this machine is not just a product; it’s a powerful tool for change. We engineered it to handle the most difficult waste streams with unparalleled efficiency, turning what was once considered unusable waste into a valuable resource. It directly addresses the urgent demand for effective, large-scale shredding technology that can support cement kilns and waste-to-energy facilities in achieving the desired output,” he added.

The launch of the R-MAX3300 arrives at a pivotal moment. India currently generates over 160,000 tons of municipal solid waste daily, while government-led initiatives such as Swachh Bharat Mission and Smart Cities are accelerating the demand for RDF and waste-to-energy solutions. Simultaneously, the global industrial shredder market is expected to grow at a 5–6 per cent CAGR, driven by stricter recycling regulations and increasing waste generation.

Kundaria further emphasised, “Our commitment goes beyond just selling machinery; it’s about empowering our customers to achieve lasting efficiency, sustainability, and growth. We see ourselves as a trusted partner who stands beside them at every step – from technology deployment to ongoing support, ensuring they can rely on Fornnax not only for performance but also for consistency, dependability, and long-term value.”

The R-MAX3300 is equipped to handle high-throughput processing of pre-shredded or coarse materials, making it ideal for SRF/RDF production, composting pre-treatment, and volume reduction for logistics optimisation. It is expected to play a crucial role in Integrated Waste Management Projects (IWMP) and bio-mining operations both within India and globally.

With this grand launch, Fornnax continues to set global benchmark and move decisively towards the vision of becoming global leader in recycling technology by 2030 that is state-of-the-art, innovative, economical, efficient reliable and eco-friendly.

Continue Reading

Concrete

Fornnax wins Top Domestic Sales Award 2024-25 by AIRIA

Published

on

By

Shares

Fornnax bags the Excellence in Top Domestic Sales Award 2024–25 by the All India Rubber Industries Association (AIRIA).

The company has been honoured with the Excellence in Top Domestic Sales Award 2024–25 by the All India Rubber Industries Association (AIRIA) under the Rubber Machineries and Equipment category. The award recognises Fornnax’s exceptional market leadership, strong sales performance and continued commitment to sustainable innovation.

With over a decade of specialised expertise, Fornnax has emerged as a transformative force in India’s tyre recycling sector, commanding nearly 90 per cent of the domestic market while steadily expanding across Europe, Australia, the GCC, and other global regions.

Fornnax’s advanced recycling systems—comprising the SR-Series Primary Shredders, R-Series Secondary Shredders, and TR-Series Granulators—are engineered for durability, efficiency, and high-output performance. These technologies are widely deployed in end-of-life tyre (ELT) processing and other waste management applications, reinforcing Fornnax’s reputation as a trusted industry partner.

Expressing his gratitude, Jignesh Kundaria, Director & CEO, Fornnax, said, “We are incredibly proud to receive this recognition from AIRIA. This award validates the trust that our customers and partners have placed in us over the years. I would like to extend my heartfelt gratitude to all our clients and partners who have been an integral part of this journey and our continued success. At Fornnax, our goal has always been to empower the recycling industry with innovative, high-performance solutions that make sustainability both achievable and profitable.”

The award also underscores Fornnax’s pivotal role in promoting circular economy practices by enabling the conversion of end-of-life tyres and rubber waste into reusable raw materials. Through ongoing R&D, new product innovation, and a solutions-driven approach, the company continues to help industries worldwide adopt eco-conscious, scalable recycling models.

As India’s recycling landscape evolves to meet global sustainability benchmarks, Fornnax stands at the forefront with internationally certified technology, a proven track record, and a clear vision for environmentally responsible growth.

Continue Reading

Concrete

Pacific Avenue Completes Acquisition of FLSmidth Cement; Rebrands as Fuller Technologies

Published

on

By

Shares

The acquisition of FLSmidth Cement by Pacific Avenue Capital Partners marks a new phase of focused growth and innovation.
Rebranded as Fuller® Technologies, the company will continue delivering world-class solutions with renewed investment and direction.

Pacific Avenue Capital Partners (“Pacific Avenue”), a global private equity firm, has completed its acquisition of FLSmidth Cement following the fulfillment of all customary closing conditions and regulatory approvals. The transaction includes all of FLSmidth Cement’s intellectual property, technology, employees, manufacturing facilities, and global sales and service organizations.

As Fuller Technologies, the company will continue to seamlessly support its customers while advancing its robust portfolio of capital equipment, digital solutions, and service offerings. With a sharpened focus on Pyro and Grinding technologies, alongside core brands such as PFISTER®, Ventomatic®, Pneumatic Conveying, and Automation, Fuller Technologies aims to deliver enhanced value and reliability across the cement and industrial sectors.

Under Pacific Avenue’s ownership, Fuller Technologies will benefit from increased investment in people, products, and innovation. The dedicated management team will work to optimize operations and strengthen customer relationships, ensuring continuity and excellence during this exciting transition.

“We are proud to be the new owner of FLSmidth Cement, now Fuller Technologies, a global leader with a rich history of providing mission-critical equipment and aftermarket solutions in the cement and industrial sectors. We will continue to build upon the Company’s legacy of being at the forefront of technological innovation, service delivery, and product quality as we support our customers’ operations,” says Chris Sznewajs, Managing Partner and Founder of Pacific Avenue Capital Partners.

Pacific Avenue’s deep experience in executing complex industrial carve-outs and guiding standalone businesses into their next growth phase will be instrumental in shaping Fuller Technologies’ future. With a proven track record in building products and capital equipment industries, Pacific Avenue is poised to help Fuller Technologies optimize performance, accelerate growth, and create long-term value for its customers and stakeholders worldwide.

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