Economy & Market

Pak cement sales up 16.75% over previous year

Published

9 years ago

September 13, 2016

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Pakistan’s cement dispatches during August 2016 stood at 3.585 million tonnes (MT), 16.75 per cent higher than dispatches of 3.071 MT recorded during August 2015, according to data released by the All Pakistan Cement Manufacturers Association.
According to the Express Tribune, domestic sales during August 2016 were 3.028 MT against 2.5MT in August 2015, a growth of 20.92 per cent. Zone-wise, domestic sales during August 2016 in the north were 2.495 MT against 2.034 MT in August 2015, while in the south they amounted to 0.532 MT against 0.47 MT in August 2015.
On a year-on-year basis, total domestic demand during the first two months of the current fiscal year stood at 4.89 MT compared to 4.3 MT in the same period last year, showing a growth of 13.83 per cent. Exports to India during the first two months were 268,230 tonnes compared to 100,437 tonnes during the same period in the previous year.
However, exports have been continuously falling and during the first two months, they went down to 1.022 MT from 1.032 MT during the same period of last year.

Concrete

Shree Cement reports 2025 financial year results

Published

6 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

6 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

6 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/