India’s cement industry is highly reliant on petcoke, but a recent ban on the use of the fuel around Delhi has raised concerns about a country-wide ban, and is forcing companies to seek costlier alternatives.


Cement demand in the country is expected to decline at an annual average rate of 3.3 percent in the next five years. According to CW Research’s 2018 Maldives Cement Market Report, the decreasing trend is expected to happen after 2019, due to the completion of large-scale construction projects.

FOB prices for gray cement increased globally in the last quarter of 2017, and are projected to record a general stabilization in the first quarter of 2018, according to the 4Q 2017 update of the Global Cement Trade Price Report (GCTPR) from CW Research.

According to CW Research’s 2018 Nepal Cement Market Report, cement demand in the country is expected to exceed 10 million tons per year by 2023.

Stelios Sycopetrides looks back on Vassiliko Cement’s 50 years of history and discusses how the company has shaped its presence in the international cement market through a constant focus on green initiatives and social responsibility principles.


The months of November and December proved challenging for Indian petcoke CFR prices, as cement manufacturers struggled with a ban on the use of the commodity. However, the Indian government has reverted its decision for selected industries.

In the Mediterranean Basin region, FOB prices for prompt deliveries of bulk ordinary Portland cement and clinker recorded a slight expansion when compared to the previous month, according to CW Research’s January update of Mediterranean Basin cement and clinker prompt delivery cargo price assessment.

In January, FOB prices for bulk ordinary Portland cement recorded a slim contraction month on month in the Persian Gulf and Arabian Sea region, while prices for prompt deliveries of bulk ordinary grade clinker improved by a single digit.

According to CW Research’s recently published World Cement Equipment Market and Forecast Report, the global market of milling equipment (including upgrades) will reach USD 1.3 bn in 2022, accounting for 14 percent of the global cement equipment market size in the same year.

With more than 50 years of history in the Indian market, Ramco Cements is a well-known business group of South India. In an interview with CEO Magazine, the Managing Director & CEO of the company talked about the Ramco Cements and its embracing innovative IT solutions.

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