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We help in reducing the carbon footprint

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Anup Nair, Managing Director – India and South Asia, Martin Engineering, speaks about the key role their products play in making cement processes more efficient.

Tell us about the role that your products and technology play in the cement industry.
We are into bulk material handling products. In the cement industry, our products are used in two different areas – in the plants and at the mines. In the mines, there are conveyor belts that help move the bulk material and these conveyor belts need lot of maintenance. If the conveyor belt stops, the entire mine will stop. Our products improve the efficiency of the conveyors by a great extent. This is one part of our offerings.
The second one, which is a major influencer for the cement industry, is within the plant. Cement plants have kilns and preheats. A lot of material blockages happen in them. Our air cannons blast and push this material out. It helps in bringing down plant maintenance considerably. You don’t have to shut down the plant to deal with the blockages. This process is becoming more and more significant today as cement companies are using alternative fuels. So, more blasting is required.
Conventional compressors or blasting cylinders are available but compared to them, we have a greater advantage because we have the better technology. We help in reducing the carbon footprint and also give huge savings in energy. With our technology, not only is carbon footprint reduced but energy costs also come down.

Elaborate on how carbon footprint is reduced?
A conventional blasting requires a 300-litre tank, whereas our modern technology gives the same or more blasting force using a 70-litre tank. The compress is considerably reduced and this is important because compress making requires energy or electricity. When electricity or energy usage is reduced, carbon footprint is reduced, too. It can be said that one blaster reduces about 70,000 kg of carbon per year. So, a typical cement plant kiln requires about a hundred blasters. Now, you can imagine the reduction in carbon.

With such advantage of cost efficiency and reduction in carbon footprint,
shouldn’t all cement companies be looking at this product?
The cement companies are definitely looking at our product. Earlier they used to manage it manually and then they moved to traditional modes such as large tanks. Now they are turning to us for modern technology. Our products may be priced higher when compared to the conventional modes but once the traditional methods are removed and only our product is made to perform, the cost is recovered by energy saving itself. The cost of the product is realised in a year’s time. One year is the payback period.

What innovations should we expect from Martin Engineering in the near future?
At Martin Engineering, apart from the air blasters that I spoke about we also have nozzles for the cement industry. These nozzles come with a different type of technology, which gives all round blasting
inside the refractory areas. It also requires less maintenance and are much more efficient. These nozzles can also be replaced without stopping the equipment. So, it is both safe and economical for the cement manufacturer.
As far as innovations in our conveyor products are concerned, we have a remote monitoring system called N2, which enables the customer to sit anywhere in the world and oversee the progress on their mobile phone or device, like a live feed. This remote monitoring system uses the latest modern technology.

Are all these products and technologies exclusive to the cement industry?
No, we are very much present in the steel sector, too. We are also present in power plants, ports, food verticals such as sugar and several other industries. Wherever there’s a need for bulk material handling, Martin Engineering is present. And this is in India. In other countries, we are present in many applications such as quarry aggregates. In all the other sectors, too, our deliverables are focussed on cost efficiency and reduction of carbon footprint.

With regards to the cement industry in India, what kind of future do you envision over the next 10 years?
Our tagline is ‘Problem Solved Guaranteed.’ So, we are not just product sellers. We solve our customers’ problems and address their pain points. Today, the pain points are energy efficiency and carbon footprint, and we are solving them. We are looking at a long-term partnership with our customers as they will definitely require solutions that reduce costs and help them make their processes more modern and competitive. Our philosophy is well-matched with their philosophy in this regard.
We have a full-fledged plant in Pune, and we are moving ahead with ‘Make in India’ initiative.
We also have the capacity to expand in Pune. We are spreading out by adding more team members and with the help of our dealer network across the country. We are trying to be as close to our customers as possible.

-Kanishka Ramchandani

Concrete

Construction Costs Rise 11% in 2024, Driven by Labour Expenses

Cement Prices Decline 15%, But Labour Costs Surge by 25%

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The cost of construction in India increased by 11% over the past year, primarily driven by a 25% rise in labour expenses, according to Colliers India. While prices of key materials like cement dropped by 15% and steel saw a marginal 1% decrease, the surge in labour costs stretched construction budgets across sectors.

“Labour, which constitutes over a quarter of construction costs, has seen significant inflation due to the demand for skilled workers and associated training and compliance costs,” said Badal Yagnik, CEO of Colliers India.

The residential segment experienced the sharpest cost escalation due to a growing focus on quality construction and demand for gated communities. Meanwhile, commercial and industrial real estate remained resilient, with 37 million square feet of office space and 22 million square feet of warehousing space completed in the first nine months of 2024.

“Despite rising costs, investments in automation and training are helping developers address manpower challenges and streamline project timelines,” said Vimal Nadar, senior director at Colliers India.

With labour costs continuing to influence overall construction expenses, developers are exploring strategies to optimize operations and mitigate rising costs.

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Concrete

Swiss Steel to Cut 800 Jobs

Job cuts due to weak demand

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Swiss Steel has announced plans to cut 800 jobs as part of a restructuring effort, triggered by weak demand in the global steel market. The company, a major player in the European steel industry, cited an ongoing slowdown in demand as the primary reason behind the workforce reduction. These job cuts are expected to impact various departments across its operations, including production and administrative functions.

The steel industry has been facing significant challenges due to reduced demand from key sectors such as construction and automotive manufacturing. Additionally, the broader economic slowdown in Europe, coupled with rising energy costs, has further strained the profitability of steel producers like Swiss Steel. In response to these conditions, the company has decided to streamline its operations to ensure long-term sustainability.

Swiss Steel’s decision to cut jobs is part of a broader trend in the steel industry, where companies are adjusting to volatile market conditions. The move is aimed at reducing operational costs and improving efficiency, but it highlights the continuing pressures faced by the manufacturing sector amid uncertain global economic conditions.

The layoffs are expected to occur across Swiss Steel’s production facilities and corporate offices, as the company focuses on consolidating its workforce. Despite these cuts, Swiss Steel plans to continue its efforts to innovate and adapt to market demands, with an emphasis on high-value, specialty steel products.

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Concrete

UltraTech Cement to raise Rs 3,000 crore via NCDs to boost financial flexibility

UltraTech reported a 36% year-on-year (YoY) decline in net profit, dropping to Rs 825 crore

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UltraTech Cement, the Aditya Birla Group’s flagship company, has announced plans to raise up to Rs 3,000 crore through the private placement of non-convertible debentures (NCDs) in one or more tranches. The move aims to strengthen the company’s financial position amid increasing competition in the cement sector.

UltraTech’s finance committee has approved the issuance of rupee-denominated, unsecured, redeemable, and listed NCDs. The company has experienced strong stock performance, with its share price rising 22% over the past year, boosting its market capitalization to approximately Rs 3.1 lakh crore.

For Q2 FY2025, UltraTech reported a 36% year-on-year (YoY) decline in net profit, dropping to Rs 825 crore, below analyst expectations. Revenue for the quarter also fell 2% YoY to Rs 15,635 crore, and EBITDA margins contracted by 300 basis points. Despite this, the company saw a 3% increase in domestic sales volume, supported by lower energy costs.

In a strategic move, UltraTech invested Rs 3,954 crore for a 32.7% equity stake in India Cements, further solidifying its position in South India. UltraTech holds an 11% market share in the region, while competitor Adani holds 6%. UltraTech also secured $500 million through a sustainability-linked loan, underscoring its focus on sustainable growth driven by infrastructure and housing demand.

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