Saint Gobain to build on construction momentum after a year record

27 Feb 2022 CW Team

Saint-Gobain had reported a full-year growth record and earnings with Celotex and Lapeyre brands citing momentum in American and Asian construction markets and its exposure to the European renovations.

The company told the media that it had witnessed an 18.4% year-on-year (YoY) organic revenue growth in 2021. It said it had increased prices in an attempt to offset the impact of inflation.

The company said that the price effect was positive at 6.7% for 2021, increasing steadily throughout the year and

standing at 9.5% in the second half (H2) and 10.3% in the fourth quarter (Q4). As power prices have constrained industrial production and higher bills to the consumers, the European Commission has called on EU states to use the 鈧�750 billion recovery fund to renovate buildings to cut power usage.

It will force all governments to move towards green energy, decarbonise the industry and insulate public and private buildings at full pace.

Chief Executive Officer of Saint-Gobain, Benoit Bazin, said that Brussels has estimated that 35 million buildings require renovation by 2030 as part of the region's 2050 carbon neutrality shift.

Saint-Gobain is a manufacturer and distributor in sectors ranging from automotive and food and beverages, reporting a 57.9% growth in operating income to 鈧�4.51 billion.

Also read: Saint Gobain plans to triple revenue to Rs 30000 cr in 10 years

Infrastructure Urban

23 May 2025

India, Maldives Sign 13 MoUs for Ferry Projects

India has signed 13 Memoranda of Understanding (MoUs) with the Maldives under a grant of MVR 100 million (approximately Rs 552.8 million) to enhance ferry services and strengthen maritime connectivity in the island nation.The agreements, signed on 18 May 2025 at the Maldivian Ministry of Foreign Affairs, mark the launch of Phase III of the High Impact Community Development Project (HICDP) 鈥� a flagship initiative of India鈥檚 grant assistance programme aimed at uplifting community infrastructure and livelihoods.The MoUs were formalised by Abdulla Khaleel, Minister of Foreign Affairs of the Ma..

Infrastructure Urban

23 May 2025

Centre To Invest Rs 10 Bn More in Northeast Waterways

The central government will invest an additional Rs 10 billion in inland waterways projects in Assam and the Northeast in 2026, Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal announced on Monday.During a review meeting with senior officials from the ministry, the Inland Waterways Authority of India (IWAI), the Public Works Department (PWD), Cochin Shipyard Limited (CSL), and the Indian Port Rail and Ropeway Corporation Limited (IPRCL), the minister assessed the progress of ongoing projects across the region.Sonowal noted that over the past two years, the government has und..

Infrastructure Transport

23 May 2025

Centre Clears 6-Lane Upgrade for Hyderabad Ring Road

The Central government has approved a major revision to the Hyderabad Regional Ring Road (RRR) project, upgrading the proposed northern segment from a four-lane to a six-lane expressway. The decision follows a request from the Telangana state government, citing anticipated traffic growth and future congestion risks.Initially tendered in December 2024 as a four-lane access-controlled greenfield expressway, the 161.5 km northern segment鈥攆rom Sangareddy to Choutuppal鈥攚as estimated to cost Rs 55.5 billion. Following the Centre鈥檚 in-principle nod for a six-lane design, the National Highways A..