Economy & Market

Dangote Cement introduces low priced cement

Published

11 years ago

August 31, 2014

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Dangote Cement, the largest cement producer in Nigeria, has slashed cement prices by about N100 for its 50 kilogramme bag. Edwin Devakumar, Managing Director of the company stated that in order to comply with the ongoing Standards Organisation of Nigeria (SON), Dangote Cement Plc has announced plans to launch its brand of the premium 32.5 cement grade. It will be selling for N200 lower per bag than the price of the higher strength 42.5 grade.

The lower grade, 32.5 type cement will be clearly labelled as such, in order to prevent the problem of misapplication and misuse of the product. The company has also introduced 52.5 grade for specialised construction of high strength structures such as bridges, flyovers among others.

Dangote has extended its capacity of integrated cement production in the country from about 20 million tonnes per annum, to around 29 million tonnes.

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/