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Siam Cement profit down in 2014

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The net profit of Siam Cement Group (SCG) for 2014 witnessed a drop of 8 per cent compared to 2013. The group however expects earnings to rise substantially in 2015, largely due to cement demand from the government?s planned infrastructure projects, according to Kan Trakulhoon, President and Chief Executive, SCG.
SCG?s net profit in the fourth quarter of 2014 was $271 million, up by 11 per cent from the same quarter in 2013, as greater margins for petrochemicals helped offset losses incurred from high inventories. However, for the full year of 2014, SCG?s net profit was down by 8 per cent at $1.03 billion.
According to Trakulhoon, cement demand would rise by an estimated 6 per cent to 42 mt in 2015. With greater demand at home in 2015, SCG sees cement exports to other ASEAN countries falling to 4 mt, down from 4.4 mt in 2014.

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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