Economy & Market

New $75 million cement plant comes up in Harare

Published

9 years ago

September 14, 2016

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Pretoria Portland Cement (PPC) Zimbabwe says its $75 million plant in Harare, expected to produce more than 680 000 tonnes of cement annually, is almost complete, with commissioning already scheduled for year-end, according to NewsDay. In emailed responses to the publication, PPC Zimbabwe Managing Director Kelibone Masiyane said all was set for the biggest project to roar into life by the end of the year.
"The Harare Msasa project is at an advanced stage, with commissioning already in progress and plant handover is on schedule for year-end," Masiyane said. The plant will boost the company’s production in the near future. "The new plant in Harare creates opportunities for growth going into the future and this expanded factory-footprint presents us with exciting possibilities," he said.
Commenting on the company’s performance in the first half of the year, Masiyane said the business was "depressed" compared to last year, says the publication.

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/