Economy & Market

PCA confirms growth of US cement industry

Published

9 years ago

September 30, 2016

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US: The PCA has confirmed that the US cement industry is on target to see annual cement consumption grow by 4 per cent as projected earlier this year. According to the PCA, it is expected that cement consumption through the end of the year will continue at a steady pace, with additional demand coming from several areas, including moderate residential spending and, to a lesser extent, growth in non-residential and public construction activity. The PCA also said that favourable monetary policy from the Federal Reserve will support construction activity for the next two years. "A key factor for continued growth for the cement industry is steady growth in construction spending, also projected to be up 4 per cent," said PCA Chief Economist and Senior Vice President Edward J Sullivan. "This is very much in line with the overall US economy?s slow-albeit-positive growth path."

Sullivan noted that PCA has fore-casted growth despite conflicting economic indicators from elsewhere. "Despite some ups and downs in the economy, the underlying economic fundamentals are solid," he said.

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/