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Birla Corpsubsidiary RCCPL will employ ABB Ability™ Expert Optimizer and other digital technologies to maximise production at its new cement plant at Mukutban in Maharashtra, India. ABB will supply RCCPL with ABB Ability™ Expert Optimizer, an advanced process control solution for controlling, stabilising and optimising industrial processes, and which will allow the cement producer to increase production, …
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May 13, 2020·India: JK LakshmiCement’s profit in the first three months of 2020, the fourth quarter of the Indian fiscal year 2020, was US$13.0m, up by 150% year-on-year from US$5.21m in the corresponding period of 2019. Sales were US$151m, down by 11% year-on-year from US$169m. The Press Trust ofIndiahas reported that the coronavirus outbreak had a ‘marginal impact’ on the results.
China:Asia Cement(China) Holdings’ whole-year net profit for 2019 was US$444m, up by 30% year-on-year from US$341m in 2018. Revenues grew by 11%, to US$1.78bn from US$1.60bn in 2018. The group said that it expectscementdemand to shrink in early 2020, recovering in early/mid-2020 to remain ‘at peak season level’ into late 2020, according to Reuters.
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