Economy & Market

Economic crisis hits cement production in EU

Published

12 years ago

November 9, 2013

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The global economic crisis has affected negatively the cement production in the European Union (EU), which closely follows trends in the construction sector. In 2007, total cement production in the 27 EU member states reached a peak of 270 mt. In 2010, this had dropped to 190 mt, or around six per cent of global production.

Regardless of the challenging economic conditions, four of the five largest cement producers – Lafarge (France), HeidelbergCement (Germany), Holcim (Switzerland) and Italcementi (Italy) – are based in Europe. EU-wide, there are some 270 cement production plants and the sector employs 45,000 people directly.

In 2010, CO2 emissions from the cement industry in the EU totalled around 100MtCO2. The highest energy consumption occurs during clinker burning, which includes calcination, a process that releases some 60 per cent of direct CO2 emissions associated with cement production. The remaining emissions stem from fossil fuel combustion.

Concrete

Shree Cement reports 2025 financial year results

Published

6 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

6 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

6 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/