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Cement tracks GDP growth

Jun 29, 2010

Equitymaster analyses the link between cement sector growth and growth of an economy.

Ambuja Cement: Losing sheen

Jun 22, 2010

Equityamster puts forth the view that Ambuja Cements which is considered as the most profitable cement manufacturer is not the case anymore.

Cement: Problems of excess in the South

Apr 9, 2010

Equityamster analyses the growth of cement industry in the southern region.

Cement: In changing times

Aug 20, 2008

In one of our previous articles on the cement industry we had discussed the performance of the industry in the last decade and the prospects of the sector going forward.

Prism Cement: A brief overview

Jul 16, 2008

Prism Cement, promoted by the Rajan Raheja Group (RRG) was initially incorporated under the name of Karan Cement Limited in March 1992 as a joint venture between Raheja group of Mumbai, F.L.Smidth & Co. A/s Denmark and Industrialization Fund for Developing Countries (IFU), Denmark.

JK Cement: A value creator?

Jan 2, 2008

In our previous articles, we looked at how did the company fare in terms of topline, bottomline and the cost control initiatives taken by the company. In this article, we will take a look at ratios.

JK Cement: Financial overview

Dec 31, 2007

In the previous articles, we made an attempt to portray JK Cement's journey and analysed it on the basis of five-force model of Michael Porter.

JK Cement: Look the 'Porter' way...

Dec 28, 2007

In the previous article, we gave an insight into the company's business and how it has evolved since inception. In this article, we shall profile the cement sector and JK Cement's standing within the industry by applying the Michael Porter's analysis.

JK Cement: A brief overview

Dec 27, 2007

Cement is a product of high volumes and therefore, transporting it over large distances can prove to be uneconomical. This makes it imperative for the plants to be located near markets. In some cases, the plants also tend to be located near the limestone reserves (a major raw material for cement) from where the cement is transported to nearby states.

Cement: Industry overview

Oct 1, 2007

The Indian cement industry is second largest in the world after China and has grown at a CAGR of 8% in the last decade. The sector has evolved significantly in the last two decades, going through all the phases of a typical cyclical industry.

Shree Cement: A brief overview

Sep 5, 2007

Shree Cement, promoted by the Bangur group is North India's largest cement producer with installed capacity of almost 4 MT. The company, apart from being an efficient cement manufacturer, is the market leader in the north, with a market share of 16% within the region.

India Cements: A brief overview!

Mar 5, 2007

India Cements is a southern player with an installed capacity of about 9 MTPA. The company enjoys approximately 20% market share and is the largest producer of cement in the South and a leading exporter. The company has access to huge limestone resources and plans to expand capacity by de-bottlenecking and optimisation of existing plants as well as by acquisitions. The company has 7 plants out of which 3 are in Tamilnadu and 4 in Andhra Pradesh. The company caters to all major markets in South I

Cement: A regional story!

Dec 28, 2006

Cement is a product of high volumes and therefore, transporting it over large distances can prove to be uneconomical. This makes it imperative for the plants to be located near markets. In some cases, the plants also tend to be located near the limestone reserves (a major raw material for cement) from where the cement is transported to nearby states. While deciding on the plant location, there is a trade-off between proximity to raw material sources and proximity to markets.

Cement: The manpower perspective!

Dec 6, 2006

India is a developing country and so there are good growth opportunities. India's GDP is expected to grow at 8% annually and so the cement sector, being a core infrastructure sector, is expected to grow at 8% to 10% annually. In view of this, global cement majors have been eyeing the Indian cement market for some time now and the major players in the country are in the process of forming alliances in order to corner maximum market shares. Large size and better operational efficiency have emerged

Cement: The raw material trail!

Dec 4, 2006

Cement is a product of high volumes and therefore transporting it over large distances can prove to be uneconomical. This makes it imperative for the plants to be located near markets. In some cases the plants also tend to be located near the limestone reserves (a major raw material for cement) from where the cement is transported to nearby states. Cement grade limestone is located only in certain areas in the country leading to establishment of cement plants in clusters.

Cement: Benign mismatch!

Nov 14, 2006

The Indian cement industry is second largest in the world after China and has grown at a CAGR of 8% in the last decade. The Indian cement sector has evolved significantly in the last two decades, going through all the phases of a typical cyclical industry. After having gone through a period of over-supply and the phase of massive capacity additions (latter half of the previous decade), the industry is currently in a consolidation phase, with capacity additions coming up to cater to the increasi

Cement: Better import than acquire!

Oct 9, 2006

Consolidation is the name of the game in the cement industry. The booming demand for cement, both in India and abroad, has attracted global majors to India. Demand has been driven by a booming housing sector and increased activity in infrastructure development such as state and national highways. Multinational cement companies have been aggressively picking up stakes in large Indian cement companies. Within a short span, 4 top cement companies in the world have entered India through mergers, acq

Cement: All that goes up must...

Oct 6, 2006

Every fund manager we meet these days are bullish on the cement sector. When asked why, we get a reply that prices are expected to be strong over the next three to six to eight months! While we do concur with such views to an extent, we do not believe that buying cement stocks (or for that matter, any stock) with a short-term view is warranted. In our view, things are not as rosy as it seems for the sector, if one takes a medium-term view.

Cement: What goes into it?

Oct 4, 2006

Cement, being a bulk and low value commodity, is a freight intensive industry and transporting cement over long distances can prove to be uneconomical. Proximity to limestone deposits contributes considerably to pushing down the costs of transportation of heavy limestone. In this scenario, the location of the cement plant becomes crucial. The plant also has to address the issue of power availability in the region. This has resulted in cement being largely a regional play with the industry divide

Cement: How has it moved?

Sep 29, 2006

Cement is one of the key infrastructure industries. The Indian cement sector has evolved significantly in the last two decades, going through all the phases of a typical cyclical industry. After having gone through a period of over-supply and the phase of massive capacity additions, the industry is currently in a consolidation phase, with capacity additions coming up to cater to increasing demand for cement.


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