November 22, 2008

Indian cement sales in May up by 7.9% YoY

According to the Cement Manufacturers’ Association, India’s cement sales in May 2008 have grown up by 7.9% YoY as an increased focus on infrastructure projects has pushed up demand for the building material in India. Cement sales grew to 167.67 million tonne from 155.26 million tonnes in the previous year.

Cement sales of Aditya Birla group rose by 0.8% YoY in May 2008 to 2.66 million tonnes while its production grew up by 2.5% YoY to 2.70 million tonnes. The Birlas’ cement production comes from flagship Grasim Industries and UltraTech Cement, with a combined capacity of more than 31 million tonnes.

ACC said that its January to March 208 quarter sales rose by 7.1% YoY to 5.29 million tonnes. April 2008 production totaled 1.77 million tonnes while sales was 1.74 million tonnes. ACC has the capacity to make 22.4 million tonnes of cement a year.

Shree Cements said that its May 2008 sales grew up by 20.3% YoY to 556,000 tonnes.