Cement Demand To Improve

Cement Demand to Grow by 7% in FY16

Rating agency ICRA has stated that they envisage the Indian cement industry to show a cement demand growth of 7% for the FY16. Currentlt the capacity utilization of the cement industry is around 72%. The report projects a cement capacity utilization of 77%.

Recovery in infrastructure, investment cycle, overall economy, better than expected monsoons, a stable central government, and optimistic econmic outlook are the key factors that lead to the projected cement demand figures.

Sabyasachi Majumdar, senior vice president, ICRA outlines the key factors of poor demand for cement in FY15 and Q1 of FY16.

Read more articles on cement demand growth here.


Cement Demand

Cement Industry Growth

Dalmia Cements Ultra Cement Launched

Dalmia Cements Launches Ultra Cement in Kolapur

Dalmia cements plans to launch the sales of their premium brand Ultra Cement in Kolhapur, Maharastra with the help of 170 cement retailers they have appointed.

Dalmia Cements projects a cement market potential of 1 Lac Million tonnes by the end of the year 2020 and keeping this in mind plan to capture a cement market share of 5% to 6% in the coming 2 to 3 years.

Maharastra is an important cement market with 10% to 12 % of the total Indian cement market. The projected cement sales growth rate is estimated to be in the region of 3% to 4%.

Read in greater detail on Kolhapur and Maharastra Cement Markets and on Dalmia Cements' Ultra Cement Brand Launch.

ACC Cement Net Profit Drops 45%

ACC Cement Profit Dips

ACC Cement in its quarterly report reveals a downward movement in its net profit of Rs.133.5 crores, 45% over the corresponding period  last year. Last years figures stood at a healthy Rs.243.2 crores.

ACC Cement in its statement attributed subdued cement demand and challenging cement market conditions for its poor showing.

The report goes on further to state that higher competition in the cement markets due to surplus cement production capacities lead to cement prices being volatile.

Poor investment in infrastructure and housing lead to weak demand for cement, while overall construction activities remained dull and lacklustre.

ACC Cement

ACC Cement Sales

ACC Cement Sales Performance

ACC Cement Markets