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Tokyo Cement against price controls in Sri Lanka, wants markets to rule

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Tokyo Cement, the largest cement producer in Sri Lanka, has called on the government to end controls and allow the market to set prices, according to Colombo’s Daily Mirror. In 2015, the government introdu?ced a price ceiling of LKR870 ($6.00) for a 50 kg bag of cement, at a time when local prices were LKR930-940.
Since last year, the Sri Lankan rupee has depreciated in value, raising the cost of clinker imports and raising costs further down the supply chain.
Managing Director of Tokyo Cement, SR Gnanam, said: "An unequal playing field has been created through the current national policy that imposes price controls on cement, while allowing unlimited, duty-free entry for imported varieties."
The price ceiling and the availability of imported cement has contributed to a boom in demand, especially from residential consumers.
In FY15-16, Sri Lankan consumption reached 6 million metric tonnes per annum, up from 5.4 million metric tonnes per annum in FY14-15. At the beginning of June, LafargeHolcim announced that it was to quit the Sri Lankan market with the sale of Holcim Lanka.

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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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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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