Connect with us

Economy & Market

Cement sector’s outlook stable for FY17

Published

on

Shares

The Indian cement sector has managed to bag a ‘stable’ rating outlook for FY17 from India Ratings and Research. The rating agency in its latest report – FY17 Outlook said, "Cement demand is likely to grow between 4 per cent and 6 per cent in FY17." Cement demand grew at 2.1 per cent during April-November 2015, which is a lot lower than the agency’s forecast of 6.5 per cent – 8 per cent in FY16.

"The agency does not expect any significant pick-up in urban housing demand as the real estate sector across major six cities (except Kolkata) is still ailing with high inventory levels," it said in the report.

While the southern part of India is giving signals of a spurt in capacity utilisation to 60-61 per cent in FY17 from 57 per cent in FY16, the eastern part, which is doing well, at 75 per cent is expected to see a downtrend and may fall by 8-9 per cent in FY17. Other regions are expected to maintain the current capacity utilisation.

If at all there are no improvements on the capacity utilisation, the cement manufacturers will continue to enjoy and maintain profitability on the back of lower fuel and freight prices.

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Your email address will not be published.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