Connect with us

Economy & Market

Suez Cement reports 11.5 per cent EBITDA growth

Published

on

Shares

For the fourth quarter of 2014, Suez Cement reported a 2.5 per cent year-on-year increase in revenues and 11.5 per cent year-on-year growth in earnings before interest, tax and depreciation (EBITDA). Its net profit after non-controlling interests increased by 15.2 per cent during the quarter.
For the entirety of 2014, Suez Cement?s sales increased by 22 per cent, while recurring EBITDA improved by 8.8 per cent compared to 2013. However, higher corporate income taxes coupled with an absence of foreign exchange gains were responsible for an 8.4 per cent drop in net profit after non-controlling interests. EBITDA gains were also driven by Suez Cement?s downstream activities in transportation and ready-mix cements, as well as its paper bags subsidiary, which saw an EBITA increase of 26.5 per cent. Cement activities accounted for a gain of 6.3 per cent.The strong revenue performance was largely due to cement price increases due to an unprecedented surge in production costs and product shortages.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Concrete

Holcim UK drives sustainable construction

Published

on

By

Shares

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.

Image source:holcim

Continue Reading

Concrete

GCCA releases LCR system

Published

on

By

Shares

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

Continue Reading

Concrete

FLSmidth opens eco-friendly plant in Casablanca

Published

on

By

Shares

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.

 

Continue Reading

Trending News