Cement Industry in India to make a strong Global Impact
1 min read
Started in 1889 by a company based in Kolkata, today India is the 2nd largest producer of cement in the world, after China, providing #employment to millions!. Recent initiatives, such as the development of 98 smart cities, is expected to provide a major boost to the #cement sector Ever since it was deregulated in 1982, the Indian cement industry has attracted huge #investments
FDI worth $5.28B between April 2000 & March 2020
•Major foreign investors:
LafargeHolcim, HeidelbergCement & VICAT
•Cement production reached 334.48 million tonnes (MT) in FY20
The industry is expected to reach 550-600 MT Per Annum by 2025!. The Indian cement industry is dominated by a few companies like:
•UltraTech Cement (a dominating 24% mkt share)
•Ambuja Cements Ltd.(A LafargeHolcim Group Company)
•ACC Limited
The top 10 companies in #India account for almost 50% of the total cement production!. Housing sector is the biggest demand driver of cement as it accounts for 67% of the total consumption in India!
Major states for cement production:
Andhra Pradesh, Rajasthan & Tamil Nadu. Out of the 210 large cement plants, 77 are in these states!
Do you think in the next 10 yrs, India could become the main exporter of Cement, provided we have cement plants near ports, in more states?
