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For better performance, property market has to improve

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Chetan Suri, Proprietor, Suri Paint & Hardware Store, Delhi
ICR is constantly in contact with cement dealers, who are vital link in business process between cement producers and the end users. A dealer understands the market better than any one else through financial transactions. In view of the new government in place for nearly a year, a tax regulation like that of GST on threshold and mega mergers, acquisitions happening in the cement industry, a dealer becomes a crucial channel member to provide insights on various aspects referred above. Here are their responses.

We are located at Shalimar Baug in North Delhi. I am the second generation in the business started by my father in 1978. Today we are multi-brand dealers and working for Shriram Cement, Lafarge, Shree Cement, UltraTech etc. Our focus has been retail market. We also cater to institutional buyers to a limited extent. No business to us is coming from builders. Now monsoon has become active but still there is slight improvement in business for the last two weeks. Rates of cement are going go up by Rs 1-2 virtually every week.

For the transportation of cement, we have a railhead nearby from our shop and we have own trucks. We are extremely happy to work with Lafarge. It has more focus on the market since last year and does a lot of groundwork in the market which helps us to do business. The officers of Lafarge visit market and construction sites frequently, which generates demand for the product. Our monthly sale is around 3,000 bags. The market is not good now. For better performance, property market has to improve. Jobs like bridges and road will not impact us much. Whatever changes have happened in the last two years are good. I am proud to be associated with cement business.

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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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