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Two-day event on cement, concrete industry sustainability initiatives gets underway

Two-day event on cement, concrete industry sustainability initiatives gets underway
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Cement prices in India face further rise

Following the price rise of imported coal, petcoke and crude oil due to the Russia-Ukraine war, cement prices in India are expected to increase by 6-13...

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Stalin urges industrialists to take up CSR projects to control Covid spread

Stalin urges industrialists to take up CSR projects to control Covid spread
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Spat between builders, cement makers ramps up over price hike

Spat between builders, cement makers ramps up over price hike
SICMA has also written to Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman to “look into profiteering being done by builders”.
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By Express News Service
NEW DELHI: The tussle between manufacturers of construction inputs such as cement and steel and builders is intensifying, with both sides trading charges of faulty trade practices. Condemning the proposed strike by Builders Association of India (BAI) on February 12, the South India Cement Manufacturers Association (SICMA) alleged that builders were spreading “misinformation” on cement prices to take advantage of the economic recovery and increase real estate prices, which are already at unaffordable levels.

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Southern cement producers form South India Cement Manufacturers' Association - Cement industry news from Global Cement

Southern cement producers form South India Cement Manufacturers’ Association
Written by Global Cement staff
13 January 2021
India: Cement producers in southern India have joined together to form the South Indian Cement Manufacturers’ Association (SICMA). United News of India has reported that the association aims to serve as an intermediary between producers and federal and state governments. In this, it says that it will help to realise Prime Minister Narendra Modi’s vision of ‘affordable housing for all’ and ‘infrastructure for future.’ The India Cements vice-chair and managing director Narayanaswami Srinivasan will head the new organisation, supported by Barathi Cement’s director Ravinder Reddy as vice-president and Penna Cement’s director Krishna Srivastava as secretary.

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Cement manufacturers accuse builders of misleading govt, cartelisation

After builders accused cement manufacturers of indulging in cartelisation to jack up prices, cement manufacturers have hit out at builders saying they were misleading the government and that the government should look into their margins. The development comes a day after Union Road Transport Minister Nitin Gadkari said that the cement industry was trying to raise prices through cartelisation and there was an urgent need for a regulator.
Industry players from the South have created a new body South India Cement Manufacturers Association (SICMA), which will be headed by N Srinivasan, vice chairman ánd managing director, India Cements.
The office bearers, including Ravinder Reddy, director, Bharthi Cements and vice president of SICMA and Krishna Srivastava, director, Penna Cements and Secretary of SICMA, alleged that what ails the cement industry and in-turn India's growth is the poor growth of the housing sector. They said that this was due to the artificially high price of flats/houses. There is a clear cartel working among builders under the banner of CREDAI and BAI, who are holding on to prices despite having a margin of more than 100 per cent, said the companies.

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