Economy & Market

Cement to be exported by Ethiopian Company

Published

14 years ago

January 31, 2012

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Private Ethiopian cement manufacturer Mugher Cement Enterprise has been granted permission by the Ethiopian Ministry of Industry for exporting cement to other countries. The approval letter for the same, signed by Ethiopian Minister of Industry will be delivered to the company soon.The permission for exporting cement comes as a relief for Mugher Cement Enterprise for servicing debts which otherwise would have been difficult for the company in the wake of a fall in demand and rising inventory levels. In order to smoothen the export process for cement, the company will have to obtain an export permit for the next year and which will have to be renewed annually. The company will be primarily focusing on South Sudan as an export market due to a booming construction industry funded by its oil revenue. Trading houses such as BFYB, which is licensed to operate as an import and export house in South Sudan, will facilitate the trading of cement. The cement enterprise is opting to export in the face of dropping demand and increasing stock according to sources. However, the export permit will remain viable only till there is an increase in local demand to meet supply. If an increase is foreseen in local demand for cement, exports will be halted with immediate effect.

Concrete

Cement industry to gain from new infrastructure spending

Published

6 days ago

July 24, 2025

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As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

Concrete

AI boom drives demand, says ACA

Published

6 days ago

July 24, 2025

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The American Cement Association projects a nearly 1Mt annual increase in US cement demand over the next three years, driven by the surge in AI data centres. Consumption by data centres is expected to grow from 247,000 tonnes in 2025 to 860,000 tonnes by 2027. With over 5,400 AI data centres currently operating and numbers forecast to exceed 6,000 by 2027, the association cautions that regulatory hurdles and labour shortages may impact the industry’s ability to meet demand.

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Concrete

GoldCrest Cement to build plant in India

Published

1 week ago

July 23, 2025

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GoldCrest Cement will build a greenfield integrated plant with a 3.5Mt/yr clinker capacity and 4.5Mt/yr cement capacity. GoldCrest Cement appointed Humboldt Wedag India as engineering, procurement and construction contractor in March 2025 and targets completion by March 2027. It has signed a 40-year supply agreement with Gujarat Mineral Development Corporation for 150Mt of limestone from its upcoming Lakhpat Punrajpur mine in Gujarat.