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Cement companies posted tepid Q3 results

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Cement companies have unveiled disappointing results for the December 2010 quarter. High raw material and fuel costs coupled with poor demand were the major reason for the poor show. Demand was barely 5.3 per cent in this period with the exception being October 2010 at 18 per cent. This, in turn, was largely due to restocking by agents following poor sales in the preceding four months. Growth in demand was hit by unseasonal rains, a slowdown in the southern region and poor offtake in the real estate sector. Demand in the Eastern region remained firm with a growth of 12 per cent largely due to speedy completion of infrastructure projects in Bihar ahead of the elections. The North was volatile with a fall of 8 per cent in November 2010 after a growth of 14 per cent in the preceding month. The West did relatively well with 15 per cent growth in October 2010 and November 2010. Capacity utilisation fell to 74 per cent in the third quarter from 84 per cent recorded in the same period last year due to 50 mt of new capacity.

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Concrete

Holcim UK drives sustainable construction

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Holcim UK has released a report titled ‘Making Sustainable Construction a Reality,’ outlining its five-fold commitment to a greener future. The company aims to focus on decarbonisation, circular economy principles, smarter building methods, community engagement, and integrating nature. Based on a survey of 2,000 people, only 41 per cent felt urban spaces in the UK are sustainably built. A significant majority (82 per cent) advocated for more green spaces, 69 per cent called for government leadership in sustainability, and 54 per cent saw businesses as key players. Additionally, 80 per cent of respondents stressed the need for greater transparency from companies regarding their environmental practices.

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Concrete

GCCA releases LCR system

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The Global Cement and Concrete Association (GCCA) has launched the Low Carbon Ratings (LCR) system for cement and concrete, a new global rating based on products’ carbon footprints. The system uses a clear AA to G scale to help customers prioritise sustainability in material selection across construction sectors worldwide. The GCCA says that the LCR system is designed to be easily recognisable, with a simple visual graphic that indicates a product’s rating and provides consistency and comparability to other products.

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Concrete

FLSmidth opens eco-friendly plant in Casablanca

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FLSmidth has inaugurated a €21 million mill liner manufacturing plant in Casablanca, covering 11,250m² with a production capacity of 6,500 tonnes annually. The LEED-certified facility significantly reduces carbon emissions by up to 56 per cent and fully recycles water used in the manufacturing process. Up to 250 jobs will be created in the Valparaíso region. Mikko Keto, CEO, highlighted the plant as a symbol of FLSmidth’s commitment to sustainable mining and community engagement in South America. Earlier in 2024, the Denmark-based company announced plans to sell its cement division to sharpen its focus on mining operations.

 

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