Economy & Market

Currency de-monetisation: Cement industry to be hit hard

Published

9 years ago

November 20, 2016

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A report released by Deutsche Bank Markets Research has estimated that the cement industry is likely to witness 15-20 per cent demand dip until the end of this calendar year due to the BJP government’s decision to de-monetise the currency of higher denominations. The research firm also estimates that the cement sector might witness subdued growth of 3 per cent in Q4 of this fiscal.
The report says that investors believe that the drop in near-term demand is "likely to be severe".
"The demand may see subdued 3 per cent growth in Q4FY17 and upturn is expected only in FY20 as compared to FY19 earlier," said the Deutsche Bank Markets Research report.
"We see some infra sector demand offsetting weakness in demand from the housing segment. We may also see a gradual reduction in mortgage rates, which could bring back some genuine demand," said Research Analyst Chockalingam Narayanan.
"Looking at the demand-supply model, we expect the regional balance to first shift in favour of northern and central India. Eastern India is likely to see the largest reduction in utilisation over the next 12-18 months," he added.
However, the cement sector is hopeful that infrastructure projects will offset the weakness in the realty sector.

Concrete

Cement industry to gain from new infrastructure spending

Published

1 week ago

July 24, 2025

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As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

Concrete

AI boom drives demand, says ACA

Published

1 week ago

July 24, 2025

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The American Cement Association projects a nearly 1Mt annual increase in US cement demand over the next three years, driven by the surge in AI data centres. Consumption by data centres is expected to grow from 247,000 tonnes in 2025 to 860,000 tonnes by 2027. With over 5,400 AI data centres currently operating and numbers forecast to exceed 6,000 by 2027, the association cautions that regulatory hurdles and labour shortages may impact the industry’s ability to meet demand.

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Concrete

GoldCrest Cement to build plant in India

Published

1 week ago

July 23, 2025

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GoldCrest Cement will build a greenfield integrated plant with a 3.5Mt/yr clinker capacity and 4.5Mt/yr cement capacity. GoldCrest Cement appointed Humboldt Wedag India as engineering, procurement and construction contractor in March 2025 and targets completion by March 2027. It has signed a 40-year supply agreement with Gujarat Mineral Development Corporation for 150Mt of limestone from its upcoming Lakhpat Punrajpur mine in Gujarat.