Economy & Market

Global cement consumption up 9.9 per cent last year

Published

14 years ago

February 5, 2011

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Global consumption of cement grew 9.9 per cent last year to continue a strong rebound in demand as construction worldwide picks up since the economic downturn of 2008. As per a report, 3,294 million tonne of cement were sold, topping the 2,998 million tonne sold in 2009, a growth rate of 5.9 per cent, strongly reversing a slowdown of 2.4 per cent the previous year. Worldwide cement consumption is forecast to reach a record 3,859 million tonne by 2012. The report provides statistics for demand for the commodity in more than 160 countries, along with additional data for clinker consumption. China dominates world cement statistics, results show consuming more than a third of global output – or 1,851 million tonne – in 2010, almost double the 2004 levels. India, the closest rival to China for economic growth is the second-largest consumer at 212 million tonne, with the US, the third-largest consumer, saw demand fall down to 69 million tonne.

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/