Connect with us

Economy & Market

UltraTech to focus more on domestic market: Birla

Published

on

Shares

To focus on the domestic market UltraTech Cement is planning to keep its exports flat for the next few years, the company Chairman Kumar Mangalam Birla has said. Robust domestic demand propelled the cement major to take the decision.Last year, the Birla group company’s exports stood at around Rs 371 crore. He said that the outlook for the cement industry remains challenging, but the company is bullish on the sector. It expects a boost in the domestic market as the infrastructure and construction industry is poised to grow in the coming years, he said.Birla said that at present there is a demand-supply mismatch. With the industry’s proposed capacity expansion of around 71 million tonne between FY13 and FY15, it will be no different for the next 2-3 years. I believe the short-term prospects for the industry appear bearish. Regardless, over the medium to long-term, the sector offers good growth potential, Birla said.The company has also embarked on a Rs 12,000 crore expansion plan to increase its capacity to 62 million tonne by FY14.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Concrete

Holcim UK drives sustainable construction

Published

on

By

Shares

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

Continue Reading

Concrete

GCCA releases LCR system

Published

on

By

Shares

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

Continue Reading

Concrete

FLSmidth opens eco-friendly plant in Casablanca

Published

on

By

Shares

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.

 

Continue Reading

Trending News

SUBSCRIBE TO THE NEWSLETTER

 

Don't miss out on valuable insights and opportunities to connect with like minded professionals.

 


    This will close in 0 seconds