Economy & Market

Italcementi predicts growth in Asia

Published

15 years ago

January 4, 2011

admin

Italcementi, the world’s fifth largest cement company, feels that the global cement industry has bottomed out and will see more growth in Asia and a recovery in some mature countries. The company expects its own volumes to rise 0-5 per cent in 2011, after three years of declines due to a global economic and financial crisis. The world’s No 1 cement group Lafarge forecasts a 3-6 per cent rise in 2011 demand led by expanding economies in China, India, Indonesia, Turkey and Brazil where it has 70 per cent of its capacity. "We went through very tough market conditions in the last couple of years. We look to the future in a more positive way and we believe we are at the bottom of the cycle," said Carlo Pesenti, Chief Executive, Italcementi. The family-owned Italcementi posted a 36 per cent fall in 2010 net profit to 45.8 million Euros ($64 million), as weak activity in mature countries offset healthy performance in Egypt and Morocco and a significant improvement in Asia.

Concrete

Cement industry to gain from new infrastructure spending

Published

10 hours ago

July 24, 2025

admin

As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

Concrete

AI boom drives demand, says ACA

Published

11 hours ago

July 24, 2025

admin

The American Cement Association projects a nearly 1Mt annual increase in US cement demand over the next three years, driven by the surge in AI data centres. Consumption by data centres is expected to grow from 247,000 tonnes in 2025 to 860,000 tonnes by 2027. With over 5,400 AI data centres currently operating and numbers forecast to exceed 6,000 by 2027, the association cautions that regulatory hurdles and labour shortages may impact the industry’s ability to meet demand.

Image source:https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1zOrih.img?w=2000&h=1362&m=4&q=79

Concrete

GoldCrest Cement to build plant in India

Published

1 day ago

July 23, 2025

admin

GoldCrest Cement will build a greenfield integrated plant with a 3.5Mt/yr clinker capacity and 4.5Mt/yr cement capacity. GoldCrest Cement appointed Humboldt Wedag India as engineering, procurement and construction contractor in March 2025 and targets completion by March 2027. It has signed a 40-year supply agreement with Gujarat Mineral Development Corporation for 150Mt of limestone from its upcoming Lakhpat Punrajpur mine in Gujarat.