Economy & Market

Iran commissions $130-million cement plant

Published

8 years ago

March 31, 2017

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Iranian President Hassan Rouhani has inaugurated a new cement plant in South Khorasan province of the country. The $130-million plant has a capacity of 1 million tonnes per year (t/y) of cement. In addition to supplying Iran, the plant is strategically located to export into neighbouring Afghanistan and Pakistan.

Cement demand in Pakistan is currently booming on the back of significant Chinese investment in infrastructure projects. Pakistan has historically also been a significant exporter of cement into Afghanistan, but its exports have started to fall as domestic demand grows.

Iran’s annual production capacity currently stands at around 80 million t/y but is expected to rise to 120 million t/y over the next decade. In addition to Afghanistan and Pakistan, it also exports cement to Iraq, Central Asia, India, Turkey, and the Middle East.

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/