Economy & Market

China to demolish 17 more cement plants

Published

4 years ago

October 14, 2021

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As a part of ChinaÂ´s countrywide strategy to crackdown on heavy industries and to improve air pollution levels, authorities have gone ahead with the demolition of 17 more facilities in Shijiazhuang, Hebei. The country saw the first batch of cement plant demolitions in December 2013. Shijiazhuang is set to reduce its cement production capacity by 15 million t by 2017 to bring down the pollution levels. These demolitions targeting 35 plants, will reduce production capacity by 40 per cent.

The demolition of 17 plants, inclu-Â¡ding the dismantling of 18 cement powder-making systems and 377 storage bins, will be completed by the end of March and will reduce production capacity by 9.1 million t. The two batches of demolitions have resulted in economic losses of -Ã‘1.1 billion (US$180 million) and has directly affected 3780 workers. Sun Ruibin, Party Chief of Shijiazhuang, commented that the country could experience a slowdown in economic growth but that the improvement in air pollution levels would make this worthwhile.

Concrete

Shree Cement reports 2025 financial year results

Published

6 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

6 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

6 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/