India cement demand slows in April
Indian cement demand seems to have tapered off in April. After a robust demand in February and March, Holcim group companies ACC and Ambuja Cement marginally added to inventories by selling less than what it had produced.
ACC produced 1.84Mt and sold 1.80Mt in April. However, compared with last year the production was up 2 per cent while sales rose 4 per cent.
Cumulative production for the first five months of the calendar year was up at 7.44Mt against 7.04Mt in the corresponding period last year, while sales were at 7.44Mt (7.02Mt).
Similarly, Ambuja Cement produced 1.65Mt and sold 1.54Mt. Production and dispatches were up seven per cent and 10 per cent, respectively, when compared with the corresponding period last year.
Cement production between January and April was marginally down at 6.61Mt against 6.64Mt recorded in the corresponding period last year. Sales rose to 6.25Mt (6.23Mt).
Aditya Birla Group with a production capacity of 35Mt a year through its flagship Grasim Industries and UltraTech Cement had produced and sold 3.18Mt in April. However, sales and production were up 17.4 per cent and 16.4 per cent, respectively, when compared with April 2008. Published under Cement News
