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Government involvement is needed

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– G VenkatA Rao, Properietor, Sri Venkata Lakshmi Durga Cement & Iron Stores
We are in the business for 15 year in Kakinada of Andhra Pradesh. We stock brands of India Cements, MyHome Industries, Madras Cements, Parashakti Cement, Sagar Cement, Anjani Cement, and KCP Cement.

We sell both in retail and project markets. Majority of our sales is in retail market and our main target is individual customers. Doing business with projects is risky compared to retail market in the current scenario.

Today the market is very slow and the profit level is not good. For the last two years, the industry growth is very low due to various issues like sand problem and overall slowdown. The division of Andhra Pradesh has also created problems for the industry, due to lack of fund allocation for various projects.

Cement price is going high but profit margin is shrinking. So effectively investment is huge and returns is less.

Future looks positive with the government taking some measures on the various projects. However, we have to wait and see the actual growth of the industry and the business. Depends on the market growth, we are thinking of expanding our network to nearby areas also.

Support from cement companies is also not good nowadays. Since the price is going high, we are forced to sell cement at a loss. Involvement of the government is also negligible. In the coming budget, hope the government will do something on the cement prices.

To feature your views in this section, please contact Sudheer Vathiyath
at 022-24193044 or write to him at
Sudheer@ASAPPmedia.com

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Concrete

thyssenkrupp Polysius, SaltX partner for electrified production

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thyssenkrupp Polysius and Swedish startup SaltX have signed a Letter of Intent (LOI) to co-develop the next generation of electrified production facilities, advancing industrial decarbonisation. Their collaboration will integrate SaltX’s patented Electric Arc Calciner (EAC) technology into thyssenkrupp Polysius’ green system solutions, enabling electric calcination, replacing fossil fuels with renewable energy, and capturing CO2 for emission-free production. Dr Luc Rudowski, Head of Innovation, thyssenkrupp Polysius, emphasised that this partnership expands their portfolio of sustainable solutions, particularly in cement, lime, and Direct-Air-Capture (DAC). Lina Jorheden, CEO, SaltX, highlighted the significant CO2 reduction potential, reinforcing their commitment to sustainable industrial processes.

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Concrete

Terra CO2 secures $82m to scale low-carbon cement technology

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Terra CO2, a US-based sustainable building materials company, has raised $82 million in Series B funding, co-led by Just Climate, Eagle Materials and GenZero, with continued support from Breakthrough Energy Ventures. The investment will accelerate the commercial deployment of Terra’s OPUS technology, enabling the construction of multiple production facilities across North America and Europe. With the cement industry responsible for 8 per cent of global CO2 emissions, Terra’s solution provides an immediate, scalable alternative using abundant raw materials that integrate seamlessly with existing infrastructure. The company has secured key partnerships, including a deal with Eagle Materials for multiple 240,000-tonne plants.

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Concrete

Titan Cement Group enters South Asia

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Titan Cement Group has expanded into the South Asian market through a joint venture with JAYCEE, an India-based producer of supplementary cementitious materials. Titan will hold a majority stake in the newly formed company, Atlas EcoSolutions, which will focus on sourcing, processing, marketing, and distributing SCMs globally. This initiative aims to support sustainable construction by promoting alternatives to clinker-based cement. Jean-Philippe Benard, Head of Supply Chain and Energy Development, emphasised that the venture aligns with Titan’s strategy to lead in low-carbon building materials while reinforcing its commitment to sustainability and innovation. The move strengthens Titan’s position in a high-growth market while ensuring long-term access to SCMs.

 

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