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Star Cement consolidated net declines 17% in March 2019 quarter

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Star Cement’s net profit declines 16.76 per cent to Rs 89.78 crore in the quarter ended March 2019 as against Rs 107.86 crore a year ago. Sales rose 1.33 per cent to Rs 534.43 crore in the quarter ended March 2019 as against Rs 527.44 crore during the previous year’s quarter.

For the full year, the net profit declined 9.64 per cent to Rs 298.78 crore in the year ended March 2019 as against Rs 330.66 crore during the previous year ended March 2018. Sales rose 13.41 per cent to Rs 1831.04 crore in the year ended March 2019 as against Rs 1614.53 crore during the previous year.

Star Cement standalone net profit declines 5.42 per cent in the December 2018 quarter, while its consolidated net profit rises 45.39 per cent in the September 2018 quarter.

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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