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Construction sector shows degrowth for the past 3 years

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A slowdown in sectors such as housing, railways, power, roads and highways has pushed the construction industry towards its three consecutive year of degrowth. According to data from Department of Industrial Policy and Promotion, intrinsic growth in the cement sector has dropped by 7 per cent, steel sector by 25 per cent and construction equipment sector by 27 per cent. Stalled projects due to lack of approvals, over leveraged balance sheets, cautious bank lending and lack of new project sanctioning were cited as the major reasons for this degrowth by experts and industry analysts. Employment growth shows the most alarming picture with FY15 witnessing a 12 per cent drop, while the growth in FY16 expected to be 30 per cent lower, which can lead to a loss of around 12 lakh jobs in real terms by FY16 end, according to the Construction Industry Development Council (CIDC).

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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