Economy & Market

Cement sales up in Saudi Arabia

Published

4 years ago

October 14, 2021

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Despite poor sales in November and December, the sales of cement for companies in Saudi Arabia rose by 4 per cent year-on-year from 53.5 million t in 2012 to 55.6 million t in 2013. Clinker production of all cement producers increased by 14.7 per cent to 4.89 million t in December 2013, compared to 4.26 million t in December 2012.

Sales of Yamamah Cement saw a 6 per cent decrease in December 2013 to 4.79 million t, compared to 5.08 million t in December 2012. Jouf Cement Company and Riyadh Cement too, reported a 37 per cent and 30 per cent drop in sales, respectively, during December 2013. Companies that outperformed in the market include Madinah Cement, Arabian Cement, Northern Province Cement and Safwa Cement. Sales for these producers increased by 40 per cent, 37 per cent, 22 per cent and 16 per cent, respectively.

Concrete

Shree Cement reports 2025 financial year results

Published

5 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

5 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

5 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/