Economy & Market

Prism Cements tile arm expands capacity in AP

Published

13 years ago

May 31, 2012

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Prism Cement’s arm H&R Johnson (India) has expanded its manufacturing capacity at the Silica JV unit in Andhra Pradesh. The company has enhanced the capacity of the Silica JV unit by over 55 per cent, making it the largest tile unit in South India.This capacity expansion was taken up at an investment of Rs 225 crore, taking the total amount invested in the state to Rs 350 crore. Anoop Sreekumar, Business Head – Marbonite, H&R Johnson (India), said that the investment at the Silica JV unit to enhance capacity is part of the company’s business plan to focus on high-value innovations.The Silica JV unit expansion will enable the company to manufacture large format vitrified tiles at this unit. The company will be launching these as Marbonite Slabs. It expects the capacity expansion to catalyse the future growth of its business as well as maintain its leadership in capacity, revenue as well as market share in India.Over the next few years, these large-format and coloured Marbonite products are expected to drive the overall growth of the business. H&R Johnson (India) has branded its large-format Marbonite products as Marbonite Slabs and it sells coloured Marbonite under two collections – Magicbrush and Colours. The company plans to roll-out Marbonite Slabs by June 2012.

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/