Sagar Cements production falls in December
Published by Jonathan Rowland,
Editor
World Cement,
Indian cement company, Sagar Cements, has recorded a dip in year-on-year cement production in December, according to a company announcement to the Bombay Stock Exchange.
The company reported consolidated production of 0.15 million t in December 2016, compared to 0.16 million t in December 2015.
Indian cement production fell towards the end 2016 after the government’s demonetisation programme hit the construction industry. Cement production growth was just 0.5% in November 2014, according to ratings agency, India Ratings and Research (Ind-Ra), compared to 6.2% in October.
Consolidated production in the financial year to date remains higher than the same period in the previous financial year at 1.57 million t compared to 1.22 million t.
Year-to-date sales also remain up at 1.55 million t compared to 1.32 million t in the same period in the last financial year.
Regionally, Andhra Pradesh accounts for the largest part of the company’s sales, taking 0.37 million t in the financial year to date. Telangana comes in second place, accounting for 0.28 million t of the company’s sales.
Read the article online at: https://www.worldcement.com/indian-subcontinent/06012017/sagar-cements-production-falls-in-december/
You might also like
The World Cement Podcast - What's next for US Cement?
In this episode of the World Cement Podcast, we are joined by Mike Ireland, President and CEO of the ACA or American Cement Association. Listen in as Mike and David dive into a range of topics, including the ACA’s recent rebranding efforts, decarbonisation, policy and legislation, and the impact of AI on cement demand.
Tune in to the World Cement Podcast on your favourite podcast app today.
