Economy & Market

Dropping cement demand in Indonesia

Published

11 years ago

May 31, 2014

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Indonesian cement sector is witnessing shrinkage in cement demand. Cement sales declined in Sumatra, Kalimantan, Sulawesi, Bali and Nusa Tenggara. Sales have reduced by 0.4 per cent y/y to 4.52 million tonnes in Indonesia in April 2014. Only Java proved to be an exception with a spike in cement sales, in 1Q14, which were higher by 3.7 per cent, approximately 14 million tonnes. The country has a number of infrastructure projects stuck at the tender stage. Another reason for the drop in demand was the legislative election conducted at the beginning of the month. The central government is now planning a cut on energy subsidies, resulting in higher electricity costs. This will push cement production costs up by 3-5 per cent and force the country?s cement sector to enhance its energy efficiency. The government may offset high energy prices with fiscal incentives.

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/