Economy & Market

Cement industry to witness strong performance: MSFL

Published

14 years ago

July 12, 2012

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Cement industry is set to witness another quarter of strong performance, says Marwadi Shares & Finance (MSFL). Delayed monsoon in most parts of the country has enabled decent demand across regions. Cement prices witnessed lesser than anticipated correction post CCI verdict and were stable during Q1.On the cost side, though players witnessed y-o-y higher costs, sequentially they were flat. International coal prices have softened during Q1, however, impact was nullified by higher rupee depreciation. Overall it expects industry to post a 12-15 per cent top line growth on a low base and a moderate earnings growth for Q1. Cement stocks continued to trade ahead of their valuations and outperformed the indices.Industry recorded 7 per cent growth for FY12. MSFL expects it to post strong 11 per cent demand growth for Q1, partially on account of delayed monsoon in most parts of the country, which have enabled a double digit growth for Q1. MSFL coverage also is expected to report 11 per cent volumes growth.However sequentially, Q1 volume would register a decline of four to five per cent. MSFL predicts demand to be soft in next couple of quarters on account of monsoon.

Concrete

WCA Welcomes SiloConnect as associate corporate member

Published

1 day ago

April 13, 2026

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The World Cement Association (WCA) has announced SiloConnect as its newest associate corporate member, expanding its network of technology providers supporting digitalisation in the cement industry. SiloConnect offers smart sensor technology that provides real-time visibility of cement inventory levels at customer silos, enabling producers to monitor stock remotely and plan deliveries more efficiently. The solution helps companies move from reactive to proactive logistics, improving delivery planning, operational efficiency and safety by reducing manual inspections. The technology is already used by major cement producers such as Holcim, Cemex and Heidelberg Materials and is deployed across more than 30 countries worldwide.

Concrete

TotalEnergies and Holcim Launch Floating Solar Plant in Belgium

Published

1 day ago

April 13, 2026

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TotalEnergies and Holcim have commissioned a floating solar power plant in Obourg, Belgium, built on a rehabilitated former chalk quarry that has been converted into a lake. The project has a generation capacity of 31 MW and produces around 30 GWh of renewable electricity annually, which will be used to power Holcim’s nearby industrial operations. The project is currently the largest floating solar installation in Europe dedicated entirely to industrial self-consumption. To ensure minimal impact on the surrounding landscape, more than 700 metres of horizontal directional drilling were used to connect the solar installation to the electrical substation. The project reflects ongoing collaboration between the two companies to support industrial decarbonisation through renewable energy solutions and innovative infrastructure development.

Concrete

Cortec® Corporation applauded for its strong safety performance

Published

1 day ago

April 13, 2026

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Cortec® Corporation has been recognised for its strong safety performance, receiving its sixth Governor’s Workplace Safety Award for its outstanding performance in 2025. As a Silver Achievement recipient, the company continues to maintain safety metrics well above national industry averages, an impressive accomplishment for a chemical manufacturing organisation. This achievement reflects Cortec’s proactive approach to workplace safety, focused on early hazard detection and employee involvement. The company will be formally recognised at the Minnesota Safety and Health Conference in May, highlighting how industrial companies are effectively strengthening workplace safety standards.