Economy & Market

Two groups plan $1 billion cement plants in the Philippines

Published

8 years ago

March 13, 2017

admin

Two local groups mull up to $1 billion greenfield cement plants in the Philippines that would add capacity and introduce more competition in the market. Ramon Lopez, secretary of the Department of Trade and Industry (DTI) said that two groups have approached the agency on their plans. One of the groups is itself engaged in cement importation.
Lopez did not disclose details of these projects, but said that the two groups have started securing clearances for their proposed operations. A greenfield cement project could cost up to $500 million.
Lopez said the recently-approved Investment Priorities Plan of cement as an activity qualified for incentives under manufacturing serves to encourage more players in cement industry.
Those introducing ground breaking technology "are entitled to pioneer status", the Secretary added.

Concrete

Shree Cement reports 2025 financial year results

Published

1 week ago

June 17, 2025

admin

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

1 week ago

June 17, 2025

admin

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

1 week ago

June 17, 2025

admin

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/