Economy & Market

Indonesian cement sales rise 0.2percent in February 2017

Published

8 years ago

March 14, 2017

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Cement sales in Indonesia rose 0.2 per cent y-o-y to 4.54 MT in February 2017 from 4.54 MT in the same month one year earlier, said Indonesia Investments.
Weak cement sales in the second month of 2017 are blamed on adverse weather conditions (a high amount of rainfall caused floods in several parts of Indonesia) and on the fact that direct investment in infrastructure and property outside Java remains bleak.
Widodo Santoso, Chairman of the Indonesia Cement Association (ASI), said Indonesia’s cement sales remained stagnant so far in 2017 with growth only being recorded in Java, Bali and Nusa Tenggara.
Meanwhile, the islands of Sumatra, Kalimantan, Sulawesi and parts of eastern Indonesia saw big declines (more than 8 per cent) in terms of cement sales.
Between January-February 2017, Indonesia’s overall cement sales fell 1.1 per cent y-o-y to 9.72 MT compared to sales in the same period one year earlier.

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/