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Mixed Signals

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At the time of going to press there comes some positive news. Cement stocks have outperformed, as against other indices, at the stock market. The bigger enterprises such as ACC, Ambuja and UltraTech are doing well and this is befuddling the analysts. There are too many negatives for cement companies at the moment. Lower demand, margin pressure, lower capacity utilisation, higher input costs, lower-than-expected growth in profits and the decade’s lowest demand growth, and yet, investors seem to have reasons to believe that the cement sector will do well in the future.Not just cement, the seven other core infrastructure industries growth slowed down to 2.3 per cent for September as against 3.3 per cent during the same period a year ago, mainly due to rising cost of credit and inputs and weak demand. The same grew by 3.7 per cent in August. Steel and cement sectors are down and grew at a pace of 6.6 per cent and 0.9 per cent as against 11.7 per cent and 5.2 per cent during the same period last year. Experts blame this slowdown on decline in coal production. According to economists construction, a prime reason for decline of cement demand, has been the weakest component of the GDP. The cement sector is hoping that these. figures are more likely because of the monsoon.Our cover story features Shree Cement, which has been named one of the 16 new sustainable champions in the world by the World Economic Forum and the Boston Consulting Group. It is a matter of pride that an Indian cement enterprise (another Indian winner is Suzlon) has won this accolade. The organisation deserves to be on the cover and their action needs to be emulated by one and all in the sector. We also feature Lafarge cement in spotlight and an interview with Umesh Shrivasthava, Executive Chairman of Holtec Consulting, apart from our regular features on technology, products, prices and stock update.Please send in your feedback/letters toeditorial@indiancementreview.com

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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.

Image source:holcim

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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.

Image source:highways.today

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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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