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Cement prices take a dip in December

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The cement prices have fallen by around Rs 8-10 per bag of 50 kg. Among the major cities, the price fall has been more severe in cities like Chennai and Kolkata where the price has fallen by around Rs 10-15 per bag to reach Rs 235 and Rs 230 per bag respectively. On the other hand, in cities like Mumbai, major cities of Gujarat and of the northern region, the price correction has been limited to Rs 5-7 per bag. As per the dealers, the prices are likely to pick up gradually from middle of this month.The cement industry normally records impressive offtake in the second half of a fiscal due to the post-monsoon pick-up in construction activity. In October 2010 the industry posted a robust volume growth of 17.5 per cent year on year (YoY). However, the momentum in the volume growth failed to continue in November 2010 as the major players posted a decline in their volume. The offtake is improving in Gujarat, Mumbai and Rajasthan whereas it has remained lacklustre in Andhra Pradesh, Tamil Nadu and the major cities of the eastern region.During H1FY2011 the domestic cement industry added around 22 mmt of new capacity (excluding ACC and Ambuja Cements). Further, as per the expansion schedule of the cement companies, around 12 mmt of new capacity is likely to commence production by the end of FY2011. With this capacity addition there can be pressure on the utilisation ratio and consequently on cement prices.Due to the frequent fall in the cement prices coupled with a poor dispatch growth posted by most of the companies for November 2010, the stock price of most of the cement companies in the last one month has corrected sharply in the last one month. The broader market has corrected by around 3 per cent whereas the stocks of most of cement companies have corrected by 3 -18 per cent.

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Concrete

thyssenkrupp Polysius, SaltX partner for electrified production

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thyssenkrupp Polysius and Swedish startup SaltX have signed a Letter of Intent (LOI) to co-develop the next generation of electrified production facilities, advancing industrial decarbonisation. Their collaboration will integrate SaltX’s patented Electric Arc Calciner (EAC) technology into thyssenkrupp Polysius’ green system solutions, enabling electric calcination, replacing fossil fuels with renewable energy, and capturing CO2 for emission-free production. Dr Luc Rudowski, Head of Innovation, thyssenkrupp Polysius, emphasised that this partnership expands their portfolio of sustainable solutions, particularly in cement, lime, and Direct-Air-Capture (DAC). Lina Jorheden, CEO, SaltX, highlighted the significant CO2 reduction potential, reinforcing their commitment to sustainable industrial processes.

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Concrete

Terra CO2 secures $82m to scale low-carbon cement technology

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Terra CO2, a US-based sustainable building materials company, has raised $82 million in Series B funding, co-led by Just Climate, Eagle Materials and GenZero, with continued support from Breakthrough Energy Ventures. The investment will accelerate the commercial deployment of Terra’s OPUS technology, enabling the construction of multiple production facilities across North America and Europe. With the cement industry responsible for 8 per cent of global CO2 emissions, Terra’s solution provides an immediate, scalable alternative using abundant raw materials that integrate seamlessly with existing infrastructure. The company has secured key partnerships, including a deal with Eagle Materials for multiple 240,000-tonne plants.

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Concrete

Titan Cement Group enters South Asia

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Titan Cement Group has expanded into the South Asian market through a joint venture with JAYCEE, an India-based producer of supplementary cementitious materials. Titan will hold a majority stake in the newly formed company, Atlas EcoSolutions, which will focus on sourcing, processing, marketing, and distributing SCMs globally. This initiative aims to support sustainable construction by promoting alternatives to clinker-based cement. Jean-Philippe Benard, Head of Supply Chain and Energy Development, emphasised that the venture aligns with Titan’s strategy to lead in low-carbon building materials while reinforcing its commitment to sustainability and innovation. The move strengthens Titan’s position in a high-growth market while ensuring long-term access to SCMs.

 

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