The Daily Brief What’s Powering the Cement Boom?
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May 7, 2025 Explore the booming cement industry in India, with key insights on Ultratech and Adani Cement's strategies amidst a competitive landscape. Discover how global commodity trends impact prices and profitability, as the market shifts from traditional cycles to rapid fluctuations. Unravel the complexities of global commodity markets, considering the effects of the pandemic and geopolitical tensions. It's a deep dive into both challenges and opportunities within this dynamic sector.
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Cement as Economic Indicator
- Cement demand reflects India's construction and economic activity levels.
- Seasonal factors like heat waves temporarily slow construction but demand remains strong.
Growth Outlook Post Summer
- Cement demand growth is temporary slowed by peak summer heat but expected to strengthen post-monsoon.
- Both Ultratech and Adani Cement expect FY26 demand to exceed FY25 significantly.
Ultratech's Massive Expansion
- Ultratech expanded capacity massively with acquisitions, now controlling 57% of new capacity added recently.
- Even their original plants grew volume by 10%, indicating strong underlying demand.