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Low demand forces cement firms to go for price cuts

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Cement prices may decline by Rs 10-15 per 50 kg bag across India in December, expects Cement Manufacturers Association of India. Though monsoon season was over, demand for cement in the country has not yet revived from sectors such as infrastructure and real estate, the Association said as one of the reasons for its prediction.

In the western region, cement companies decided on a price cut of around Rs 10 per 50 kg bag from December 1. In other regions also price cuts are expected soon, the Association told a business newspaper. After the price cut, a 50 kg bag of cement costs around Rs 290 on an average across the country.

Vinita Singhania, Managing Director of JK Lakshmi Cement, told that the demand for cement is not picking up as expected.

Until large infrastructure projects picks up and a revival in real estate demand is witnessed, demand for cement is likely to remain under pressure.

Further, during the winter season, labourers tend to go back to their native places, which also impacts construction activities in the north.A study by tariff commission says that 64 per cent of demand for cement is driven by housing, 6 per cent by industrial, commercial and, institutional demand accounts for 13 per cent and infrastructure 17 per cent.

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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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