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Earnings of cement firms may recover from September

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A report by Religare Research shows that the earnings of cement companies would recover only from the second half of 2013-14 (from September 2013) when demand for cement rises and these firms regain pricing power.

Therefore, the firm expects earnings of cement companies to remain under pressure during Apr-June quarter and Jul-Sep quarter.

The report attributes muted prospect for earnings of cement companies during these two quarters to lacklustre demand and muted realisations.

The topline of cement firms may decline 4 percent on a year-on-year basis and EBITDA may fall 29 percent and profit after tax by a whopping 32 percent in the June quarter, the report expects.

Volumes declined for most companies except those with a presence in South India. Some pick-up in cement prices in the latter half of Q1 would help minimise the fall in realisations quarter on quarter QoQ (avg), Religare Research Analyst Mihir Jhaveri said in the report.

Volume of firms operating in North or West India may fall sharply, the report expects. Following a weak March, prices failed to pick up in April due to subdued demand.

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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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