Economy & Market

Buzzi Unicem acquires cement terminal in Illinois

Published

14 years ago

January 3, 2011

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Buzzi Unicem USA has completed the acquisition of a 30,000-tonne cement storage dome and distribution terminal from Ozinga Brothers Inc located in Joliet, Illinois. This is the latest addition to the extensive river-based terminal network of the company.Buzzi Unicem has immediately begun shipping Type-I/II low-alkali cement by barge from its newly expanded plant in Selma, Missouri. The Joliet terminal allows the company to significantly expand distribution in Illinois. Buzzi Unicem plans to install a self-service kiosk for 24-hour, 7-day loading by early spring 2011. "Our subsidiary will continue to supply customers in the northern and central part of Illinois from its rail terminal located in Oglesby, Illinois," said the company’s spokesperson.

Concrete

Shree Cement reports 2025 financial year results

Published

5 days ago

June 17, 2025

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Shree Cement posted revenue of US$2.38 billion for FY2025, marking a 5.5 per cent decline year-on-year. Operating costs rose 2.9 per cent to US$2.17 billion, resulting in an EBITDA of US$528 million—down 12 per cent from the previous year. Net profit fell 50 per cent to US$141 million. The company reported cement sales of 9.84Mt in Q4 FY2025, a 3.3 per cent increase from 9.53Mt in Q4 FY2024, with premium products making up 16 per cent of total sales.

Image source:https://newsmantra.in/

Concrete

Rekha Onteddu to become director at Sagar Cements

Published

5 days ago

June 17, 2025

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Sagar Cements has announced the appointment of Rekha Onteddu as a non-executive independent director, effective 30 June 2025. According to People in Business News, Rekha Onteddu is currently serving in a similar capacity at Andhra Cements, the parent company of Sagar Cements.

Image source:https://sagarcements.in/

Concrete

India’s cement consumption set to rise

Published

5 days ago

June 17, 2025

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According to a Moody’s report, India’s cement consumption is projected to rise by 50 per cent over the next five years, increasing from 445 million metric tons per annum (MMTPA) in FY24 to 670 MMTPA by 2030. This growth is expected to be driven by government infrastructure spending and rising housing demand, with an anticipated annual growth rate of 6-7 per cent. To meet this demand, major cement companies are likely to continue acquiring smaller, less profitable firms.

Image source:https://www.telegraphindia.com/