Economy & Market

Lafarge SA to exit Pakistan

Published

4 years ago

October 14, 2021

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Sofima SAS, a fully-held direct subsidiary of Lafarge SA, is divesting its 100 per cent stake in Lafarge Pakistan Cement. Lafarge currently holds 73 per cent stake in the company, which has a 2.5 mtpa plant. Holcim does not have a plant in Pakistan and the move to let go the asset in Pakistan is not connected to the much-anticipated Lafarge-Holcim merger. It seems that this is Lafarge SAÂ´s independent decision. DG Khan Cement Company of Pakistan and Vision Holdings from Middle East have already expressed their interest in acquisition of Lafarge S.A. DG Khan Cement has a 4.02 mt plant in Chakwal running at 98 per cent capacity. DG Khan has reported a 4 per cent decline in earnings for the first nine months of the current financial year, attributing the loss to higher energy and production costs. The possible merger may give the advantage of scale to the company.

DG Khan has informed all three stock exchanges and the Securities and Exchange Commission of Pakistan that it has the approval of its board of directors to proceed with due diligence for the acquisition.

Concrete

Shree Cement reports 2025 financial year results

Published

4 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

4 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

4 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/