Economy & Market

Greenfield cement grinding facility at Ouagadougou

Published

4 years ago

October 14, 2021

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In Burkina Faso, HeidelbergCement and local partners are constructing a new US$ 50 million cement grinding plant with an annual capacity of 650,000 tonne near the capital city of Ouagadougou." The construction of the new cement grinding plant is part of our strategy of expanding our clinker and cement capacities in growth markets. These include, in particular, the countries of sub-Saharan Africa", said Dr. Bernd Scheifele, Chairman of the Managing Board of HeidelbergCement. "For many years, we have exported cement to Burkina Faso from our grinding plant in Togo. Our new plant will strengthen our position in the country as well as in the whole region." HeidelbergCement’s grinding facilities in Burkina Faso and also in other countries of Togo, Benin, and partly Ghana.

Concrete

Shree Cement reports 2025 financial year results

Published

2 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

2 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

2 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/