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Shiva Cement expects Rs 450 cr revenue in FY16

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Cement manufacturer Shiva Cement is expecting Rs 450 crore revenue in FY16 on the back of its expansion plans. The company has embarked on a massive capacity expansion and entered into an MoU with the Odisha government involving an investment of Rs 800 crore recently. The first phase of its expansion plan, which involves an investment of Rs 270 crore, is expected to be operational by January 2015.

The company will start seeing the results of this expansion in 2015-16, Chairman and Managing Director of Shiva Cement RP Gupta said in Mumbai. In the phase I, the company will be expanding its current 0.132 mtpa capacity to one mtpa and in the second it will go more than 2 mtpa, he said. Shiva Cement had reported total income of Rs 50.79 crore for the 9-month period of April-December 2012.

The company has already entered into alliance with cement major ACC for equity participation for the expansion. ACC currently holds 14.5 per cent share in the company.

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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.

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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