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Government involvement is needed

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– G VenkatA Rao, Properietor, Sri Venkata Lakshmi Durga Cement & Iron Stores
We are in the business for 15 year in Kakinada of Andhra Pradesh. We stock brands of India Cements, MyHome Industries, Madras Cements, Parashakti Cement, Sagar Cement, Anjani Cement, and KCP Cement.

We sell both in retail and project markets. Majority of our sales is in retail market and our main target is individual customers. Doing business with projects is risky compared to retail market in the current scenario.

Today the market is very slow and the profit level is not good. For the last two years, the industry growth is very low due to various issues like sand problem and overall slowdown. The division of Andhra Pradesh has also created problems for the industry, due to lack of fund allocation for various projects.

Cement price is going high but profit margin is shrinking. So effectively investment is huge and returns is less.

Future looks positive with the government taking some measures on the various projects. However, we have to wait and see the actual growth of the industry and the business. Depends on the market growth, we are thinking of expanding our network to nearby areas also.

Support from cement companies is also not good nowadays. Since the price is going high, we are forced to sell cement at a loss. Involvement of the government is also negligible. In the coming budget, hope the government will do something on the cement prices.

To feature your views in this section, please contact Sudheer Vathiyath
at 022-24193044 or write to him at
Sudheer@ASAPPmedia.com

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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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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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