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Cement firms go slow on capital expenditure

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Owing to muted demand prospects and over capacity, cement companies in India are reportedly slowing their capital expenditure plan in 2013-14.

Launch of residential projects, which constitute two-thirds of demand for cement in India, has slowed down in the country.

UltraTech Cement, the largest cement producer in India, may cut its capital expenditure by 50 per cent in the next 12 months compared to an estimated spending of Rs 44.3 billion ($819.23 million) in the last fiscal year.

At the height of the construction boom in India five years ago, several cement firms planned their capital expenditure programmes. At that time, these cement firms assumed double-digit economic growth would continue for many years.

Since then more than 100 million tonne (mn t) of capacity, or more than 50 per cent, has been added, with 30 mn t added in 2012-2013 alone.

However, the current slowdown in the economy reduced economic growth to around 5 percent.

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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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