Economy & Market

Lipetskcement and Pikalevsky see better export numbers

Published

4 years ago

October 14, 2021

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Part of Russia’s Eurocement Group, Russia’s Lipetskcement, has released its results for June 2013 and 1H13. Cement production for June increased 23.5per cent y/y to 186 040 t. In the first two quarters, cement production grew by 27.7per cent y/y to 631 180 t. Exports were also up on 1H12, with rail shipments rising by 52.1per cent y/y to 428 539 t and road shipments reaching 5586 t. Pikalevsky Cement, another member of the Eurocement Group, reported a rise in the production of cement by 0.3per cent y/y to 192 500 t, while clinker production was up by 13.7per cent y/y to 132 700 t. Export volumes went up by 1.9per cent (195 500 t) compared to the corresponding period in 2012 in June. "The company plans to continue to steadily strengthen its position in the cement market through increased production and shipment of cement, stable product quality, as well as investments in the production and development of its resource base," stated Sergei Morozov, Deputy General Director-Technical Director of Pikalevsky Cement.

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/