Economy & Market

Lafarge SA to exit Pakistan

Published

4 years ago

October 14, 2021

admin

Sofima SAS, a fully-held direct subsidiary of Lafarge SA, is divesting its 100 per cent stake in Lafarge Pakistan Cement. Lafarge currently holds 73 per cent stake in the company, which has a 2.5 mtpa plant. Holcim does not have a plant in Pakistan and the move to let go the asset in Pakistan is not connected to the much-anticipated Lafarge-Holcim merger. It seems that this is Lafarge SAÂ´s independent decision. DG Khan Cement Company of Pakistan and Vision Holdings from Middle East have already expressed their interest in acquisition of Lafarge S.A. DG Khan Cement has a 4.02 mt plant in Chakwal running at 98 per cent capacity. DG Khan has reported a 4 per cent decline in earnings for the first nine months of the current financial year, attributing the loss to higher energy and production costs. The possible merger may give the advantage of scale to the company.

DG Khan has informed all three stock exchanges and the Securities and Exchange Commission of Pakistan that it has the approval of its board of directors to proceed with due diligence for the acquisition.

Concrete

UltraTech Cement boosts capacity with new clinker line

Published

2 days ago

April 21, 2025

admin

UltraTech Cement has commissioned a 3.35 million tonnes per annum (Mt/yr) brownfield clinker line and one of two 2.7Mt/yr cement grinding mills at its Maihar facility in Madhya Pradesh. The second mill is expected to be operational in Q1 of FY2026. The company has also expanded its Dhule (1.2Mt/yr) and Durgapur (0.6Mt/yr) grinding units and inaugurated its first bulk terminal in Lucknow with a 1.8Mt/yr handling capacity.

Concrete

Ambuja Cements gets a new CEO

Published

2 days ago

April 21, 2025

Roshna

Ambuja Cements has named Vinod Bahety as its CEO for a three-year term, following Ajay Kapur’s elevation to Managing Director. Bahety, formerly the company’s CFO, brings over 25 years of experience in finance and manufacturing, including a previous role as Group Head of M&A at Adani Group. Other key appointments include Rakesh Tiwary as CFO, Madhavi Isanaka as Chief Digital Officer, Vaibhav Dixit as Manufacturing Head, and Ashwin Raikundaliya as Chief Sustainability Officer.

Image source:www.exchange4media.com

Concrete

Dalmia Bharat reaches 49.5 MTPA with Rohtas expansion

Published

2 days ago

April 21, 2025

admin

Dalmia Bharat has successfully achieved its FY25 production capacity target of 49.5 million tonnes per annum (MTPA). This milestone was reached following the commencement of commercial production at its Rohtas Cement Works (RCW) in Bihar, where an additional 0.5 MTPA capacity has been added from March 30, 2025.
The expansion, which involved an investment of `96 crore, boosts the Rohtas plant’s total capacity to 1.6 MTPA. This development underscores the company’s continued focus on strengthening its presence in eastern India and aligns with its long-term goal of scaling total capacity to between 110 and 130 MTPA by the year 2031.
Puneet Dalmia, Managing Director and CEO, Dalmia Bharat, shared, “The Eastern region holds immense promise, and this expansion is a reflection of our commitment to contribute meaningfully to its infrastructure growth. Reaching the 49.5 MTPA mark is a key step in our journey towards sustainable and strategic expansion.”