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Record cement sales for Eagle Materials in fiscal 2015

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US-based Eagle Materials Inc. has released its results for both fiscal 2015 and the fiscal fourth quarter, which ended 31 March 2015.

Fiscal year 2015

  • The company?s revenue increased by 19% to reach US$1.1 billion.
  • Earnings before interest and income taxes improved by 32% y/y to reach US$264.7 million. This rise was aided by increased sales volumes across most business lines.
  • Cement sales volumes reached a record 4.8 million t.
  • Cement operating earnings grew 31% to US$117.5 million, an annual record.
  • Cement revenues, including joint venture and intersegment sales, were up by 12% to reach US$488.6 million.
  • Eagle Materials?concrete and aggregates business achieved a 12% rise in revenue. Operating earning increased from US$0.2 million to US$6.7 million.
  • Operating earnings for Gypsum Wallboard and Paperboard reached US$177.4 million, up 28%, with revenue improving by 13%.
  • The company?s Oil and Gas Proppants business has reported revenue of US$81.4 million and an operating loss of US$2.5 million.

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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.

Image source:holcim

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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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