Economy & Market

Saudi cement sales fall 25 percent in February

Published

8 years ago

March 15, 2017

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Saudi cement producers saw sales fall by 24.9 per cent in February 2017. Cement companies sold 4.09 MT of cement in the second month of the year, down from 5.44 MT in February 2016.
Output also decreased by 26 per cent y-o-y from 5.47 MT to 4.04 MT during the same period while inventories increased to 1.07 MT, up 18.2 per cent y-o-y from 0.906 MT in February 2016.
Yanbu Cement topped cement sales as it reported a volume of 0.474 MT but it experienced a 21.3 per cent y-o-y drop from the 0.602 MT registered in the year-ago period.
Southern Province Cement came second as it announced sales of 0.448 MT, down 38.3 per cent y-o-y from 0.726 MT

Concrete

Shree Cement reports 2025 financial year results

Published

1 week 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

1 week 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

1 week 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/