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Shree Cement performs well with revenue growth

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Shree Cement, one of the largest producers of cement in north India, has captured the imagination of most analysts with a capacity of 12 million tonne a year.The company is one of the few to have seen an earnings upgrade, after it surprised the Street with a good set of numbers in the quarter ended June. Since the company is changing its financial year from one ending March to one ending June, the company’s FY12 has seen five quarters.For the quarter ended June (Q5FY12), the company saw overall revenue growth of 43 per cent year-on-year to Rs 1,455 crore. Analysts estimate cement volumes to have increased 34 per cent to 3.24 million tonne in the quarter, higher than the industry’s growth rate.Not only did the company surprise on sales and volume growth, it also sprang a surprise in terms of realisations. In the key markets Shree Cement operates in, realisations improved six per cent sequentially and 12 per cent annually.

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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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