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Siam Cement net profit falls by 14 per cent

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Siam Cement has confirmed a 14 per cent drop in its net profit in the second quarter of 2014. Siam Cement posted a net profit of US$268 mn in the April-June 2014 period, down from Euro310 mn during the same period of 2013. Apart from months of political unrest, weak domestic cement demand and lower chemical earnings have hit the bottomline. According to Siam Cement?s Chief Executive, Kan Trakulhoon, drop in construction activity and a lack of new infrastructure projects will bring down Thailand?s domestic cement demand growth to a meagre 1 per cent in 2014.

?Domestic cement demand should drop by 2-3 per cent in the third quarter of 2014 from a year earlier, while growth in the fourth quarter of 2014 should be flat. We export more to ASEAN nations, but we don?t make much profit from exports,? said Trakulhoon. He added that cement demand in Thailand for the whole of 2014 would grow by 0-1 per cent.

The company is planning to grow by acquiring other cement plants near its target market. ?There are many opportunities in the ASEAN region, including mergers and acquisitions,? said Trakulhoon. ?There is no limit. It depends on how fast we acquire the companies. We are open to any acquisition proposals.? Trakulhoon added that Siam Cement?s primary focus outside of Thailand is on companies in Vietnam and Indonesia.

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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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