Economy & Market

Low demand forces cement firms to go for price cuts

Published

13 years ago

December 3, 2012

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Cement prices may decline by Rs 10-15 per 50 kg bag across India in December, expects Cement Manufacturers Association of India. Though monsoon season was over, demand for cement in the country has not yet revived from sectors such as infrastructure and real estate, the Association said as one of the reasons for its prediction.

In the western region, cement companies decided on a price cut of around Rs 10 per 50 kg bag from December 1. In other regions also price cuts are expected soon, the Association told a business newspaper. After the price cut, a 50 kg bag of cement costs around Rs 290 on an average across the country.

Vinita Singhania, Managing Director of JK Lakshmi Cement, told that the demand for cement is not picking up as expected.

Until large infrastructure projects picks up and a revival in real estate demand is witnessed, demand for cement is likely to remain under pressure.

Further, during the winter season, labourers tend to go back to their native places, which also impacts construction activities in the north.A study by tariff commission says that 64 per cent of demand for cement is driven by housing, 6 per cent by industrial, commercial and, institutional demand accounts for 13 per cent and infrastructure 17 per cent.

Concrete

WCA Welcomes SiloConnect as associate corporate member

Published

4 days ago

April 13, 2026

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The World Cement Association (WCA) has announced SiloConnect as its newest associate corporate member, expanding its network of technology providers supporting digitalisation in the cement industry. SiloConnect offers smart sensor technology that provides real-time visibility of cement inventory levels at customer silos, enabling producers to monitor stock remotely and plan deliveries more efficiently. The solution helps companies move from reactive to proactive logistics, improving delivery planning, operational efficiency and safety by reducing manual inspections. The technology is already used by major cement producers such as Holcim, Cemex and Heidelberg Materials and is deployed across more than 30 countries worldwide.

Concrete

TotalEnergies and Holcim Launch Floating Solar Plant in Belgium

Published

4 days ago

April 13, 2026

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TotalEnergies and Holcim have commissioned a floating solar power plant in Obourg, Belgium, built on a rehabilitated former chalk quarry that has been converted into a lake. The project has a generation capacity of 31 MW and produces around 30 GWh of renewable electricity annually, which will be used to power Holcim’s nearby industrial operations. The project is currently the largest floating solar installation in Europe dedicated entirely to industrial self-consumption. To ensure minimal impact on the surrounding landscape, more than 700 metres of horizontal directional drilling were used to connect the solar installation to the electrical substation. The project reflects ongoing collaboration between the two companies to support industrial decarbonisation through renewable energy solutions and innovative infrastructure development.

Concrete

Cortec® Corporation applauded for its strong safety performance

Published

4 days ago

April 13, 2026

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Cortec® Corporation has been recognised for its strong safety performance, receiving its sixth Governor’s Workplace Safety Award for its outstanding performance in 2025. As a Silver Achievement recipient, the company continues to maintain safety metrics well above national industry averages, an impressive accomplishment for a chemical manufacturing organisation. This achievement reflects Cortec’s proactive approach to workplace safety, focused on early hazard detection and employee involvement. The company will be formally recognised at the Minnesota Safety and Health Conference in May, highlighting how industrial companies are effectively strengthening workplace safety standards.