Economy & Market

Calderys grows in Asia

Published

4 years ago

October 14, 2021

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Calderys, a refractory solutions provider, is now spreading its network in Asia-Pacific. The company is forming a joint with PT Indoporlen, Indonesia along with a new acquisition in Japan. Indoporlen is a refractory manufacturer based in Bekasi, Jakarta According to the agreement Calderys is the majority shareholder and it includes PT Indoporlen’s sister companies PT Bina Surindah Cemerlang and PT Indoporlen Sakti. These companies are into trading and installation. Calderys will take-on projects within the cement, steel, tin, nickel, aluminium and fertiliser industries for more than 30 years. "After decades as partners, this JV comes naturally as Calderys and Indoporlen share the same common values of safety, innovation, and providing customer solutions. It is an exciting time to be growing our presence in Indonesia as all the key industries that Calderys serves are growing and the need for world class refractory solutions is clear," said John Maxwell, Calderys CEO, in a statement about the new ventures. In Japan, Calderys has taken over Tokai Ceramics, manufacturer of monolithic refractory products.

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/