Skip to main content

Cement sales showing promise in India

World Cement,


After poor results over recent months, cement producers are likely to have performed better over September, with industry analysts predicting a possible 7% increase in sales. Industry growth in June, July and August was 2.5%, 1.63% and 2.13% respectively.

A domestic broker commented on the reasons for the growth: "The growth is not on the back of rise in demand. Rather, it is due to the poor performance of industry in the corresponding month last year," adding that demand had not yet been created by the construction industry.

Last year, a delayed monsoon season led to stronger sales until August, which dropped by 5% when heavy rains struck in September. Demand is expected to return this year from November.

Figures that have been released for September include Ambuja Cements, where sales rose by almost 9%. UltraTech sales rose 2.7%, while despatches from Jaiprakash Associates rose 61%. The rest of the industry’s figures should be released this week.

Read the article online at: https://www.worldcement.com/asia-pacific-rim/06102010/cement_sales_showing_promise_in_india/

You might also like

The World Cement Podcast - CleanTech & Venture Capital

Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.

Tune in to the World Cement Podcast on your favourite podcast app today.

Apple Podcasts  Spotify Podcasts  YouTube

 
 

Embed article link: (copy the HTML code below):