Economy & Market

Cement sales in Phillipines surge

Published

10 years ago

July 31, 2015

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Cement industry in Phillipines witnessed a surge in sales in the first six months of the year behind robust construction activities in the country, according to the Cement Manufacturers Association of the Philippines (CeMAP). The total cement sales rose by 11.1 per cent to 11.9 mt in the first half of 2015 from 10.7 mt in the same period of 2014. Construction activity remained strong in the first half, fuelled primarily by the growing business confidence in the country. For the second quarter of 2015, cement sales grew by 12.5 per cent year-on-year to 6.21 mt. This followed 9.6 per cent growth in the first quarter.

The government has been increasing the budget for infrastructure to address gaps and support economic growth. CeMAP is banking on the increase of construction activities in the country to support higher cement sales.

Concrete

Shree Cement reports 2025 financial year results

Published

4 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

4 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

4 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/