Economy & Market

Caribbean Cement Co dispatches cement to Dominican Republic

Published

14 years ago

February 5, 2011

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Caribbean Cement Company Ltd (CCC) has shipped its first batch of 2,500 tonne cement to the Dominican Republic. CCC has also signed an agreement to set up warehouse space and a distribution and packaging unit in Haiti to take advantage of the rebuilding of the country following the January 2010 earthquake in that nation. Anthony Haynes, General Manager, CCC, said that the Dominican Republic, which has the capacity to absorb three million tonne of cement annually, is considered to be among the most lucrative in the region and Caribbean Cement’s intention is to gain 10 per cent of that market. "We can see ourselves easily putting in 100,000 tonne into Dominican Republic per year for a start," said Haynes, and added, "I think very soon we should be doing 8-10,000 tonne per month. This market is the real game changer." The company started exports after a one-year certification process by the Dominican Republic’s standards agency General Management Standards and Quality Systems. "CCC has no plans for infrastructure build out in the Dominican Republic at this time, but has partnered with Docemca, a local company, to sell its products. Haiti is a volatile market, but we have a very good understanding of that country, and it is part of a long-term strategic goal," said Haynes.

Concrete

Shree Cement reports 2025 financial year results

Published

4 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

4 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

4 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/