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In a turnaround phase

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The overall performance of cement companies show a mixed results in the quarter ended December 2014. While major players like ACC and Dalmia showed reasonable growth, smaller players experienced a dip, owing to mainly sharp increase in power and fuel costs and logistics cost. However, these costs are expected to recede in the coming quarters to offset the current dip in performance.

Research reports indicate that the Indian cement industry to grow at a CAGR of 8.96 per cent in 2014-19. The industry is currently trying to achieve global standards in production, safety and energy-efficiency. Major companies are in the middle of expansion mode while they have reasonably well performed in the quarter ended December 2014.

ACC net sales up 5.4 per cent in 2014
ACC has announced its financial results for the financial year ended on December 31, 2014. Total consolidated net sales for 2014 was Rs 11,480.31 crore compared to Rs 10,889.08 crore in 2013, registering growth of 5.4 per cent Profit after tax for 2014 was Rs 1,161.82 crore (including tax write back of Rs 309.23 crore) compared to Rs 1,094.67 crore in 2013 (including tax write back of Rs 216.74 crore).

The clinkering project for 2.79 million tonne per annum at Jamul and the grinding unit for 1.35 million tonne per annum at Sindhri are expected to be completed in 2015, according to a company release.

Dalmia Bharat quarterly results
The acquisition of Dalmia Cement East Ltd (formerly Bokaro Jaypee Cement Ltd) was consummated during the quarter with 100 per cent stake in the company, now wholly owned subsidiary of Dalmia Cement (Bharat) Ltd. The total enterprise value for the same is Rs 1,150 crore. The quarterly results under review include financials of Dalmia Cement East Ltd w.e.f. November 16, 2014 Total Income from operations was Rs 794 crore for the quarter as against Rs 707 crore for the corresponding period of previous year, led by increase in volumes (+6 per cent) and sales realisations (+9 per cent).

EBITDA for the quarter was flat at Rs 125 crore. Power and fuel cost on per tonne basis was lower by 16 per cent on YoY basis but the same has been offset by higher freight cost and slightly increase in raw material cost for North East operations. PAT for the quarter was positive at Rs 10 lakh as against loss of Rs 12 crore in the corresponding quarter of the previous year.

Southern operations: Variable costs on per tonne basis were lower by 4 per cent on YoY basis for the quarter on account of further enhancement in efficiencies. Power consumption per tonne of cement produced has improved to 69.5 kwh as against 71.3 kwh and fuel cost on calorific value basis has witnessed a reduction of 16 per cent. Freight costs were higher during the quarter but is expected to recede in coming quarters on account of drop in crude prices.

North-East operations: North East operations witnessed stabilization of operations during the quarter. Volumes were up 22 per cent on QoQ basis and EBITDA improved significantly on YoY and QoQ basis. Jayesh Doshi, Executive Director – Finance & Strategy, Dalmia Bharat, said, ?The macro economic factors are improving and expected to improve further. With higher GDP growth, impetus on ?Make in India? strategy and further rate cuts expected, industrial production expected to improve, resulting in improved cement demand. Improved demand and rationalisation of capacity additions, would also lead to improved capacity utilisations.?

Shree Cement Q2 profit slips 19%
Shree Cement matched street expectations with the second quarter net profit falling 18.9 per cent year-on-year to Rs 93.7 crore. Profit was impacted by higher costs of depreciation, freight and power and fuel but was supported by higher other income, revenue and tax gain. Total income of the company grew 17.2 per cent to Rs 1,544.5 crore during October-December quarter from Rs 1,318 crore in same quarter last year. The company follows July-June as its financial year. Operating profit increased 12.9 per cent year-on-year to Rs 306 crore but margin declined 70 basis points to 19.8 per cent in the quarter gone by.

Kalyanpur Cements income dips
Kalyanpur Cements has reported a standalone total income from operations of Rs 40.12 crore and a net loss of Rs 12.62 crore for the quarter ended December 2014. Other income for the quarter was Rs 0.09 crore. For the quarter ended December 2013 the standalone total income from operations was Rs 50.99 crore and net loss was Rs 10.94 crore, and other income Rs 0.07 crore.

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Economy & Market

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

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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.

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Concrete

Fornnax wins Top Domestic Sales Award 2024-25 by AIRIA

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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.

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Concrete

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

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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.

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