+
Saint Gobain to build on construction momentum after a year record
Real Estate

Saint Gobain to build on construction momentum after a year record

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 €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 €4.51 billion.

Image Source

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

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 €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 €4.51 billion. Image Source Also read: Saint Gobain plans to triple revenue to Rs 30000 cr in 10 years

Next Story
Infrastructure Urban

APCRDA Approves Rs 9.04 Bn to Upgrade Infrastructure in 29 Amaravati Villages

The Andhra Pradesh Capital Region Development Authority (APCRDA), chaired by Chief Minister N Chandrababu Naidu, has approved Rs 9.04 billion for addressing key infrastructure gaps in 29 villages within Amaravati’s greenfield capital area, announced Municipal Administration Minister P. Narayana at the 51st CRDA meeting.The funds will be used to upgrade critical facilities including roads, drains, drinking water supply, sewerage systems, and street lighting. A detailed assessment revealed a 30 per cent shortfall in water supply, a total absence of sewerage infrastructure, a 40 per cent defici..

Next Story
Infrastructure Transport

Cabinet Approves Phase-1B of Lucknow Metro Rail Project Worth Rs 58.01 Bn

The Union Cabinet, led by Prime Minister Narendra Modi, has approved Phase-1B of the Lucknow Metro Rail Project in Uttar Pradesh. This phase covers an 11.165 km corridor with 12 stations—7 underground and 5 elevated—extending the city’s metro network to 34 km upon completion.Phase-1B targets the dense, historic parts of Lucknow, enhancing connectivity across key commercial, healthcare, tourist, and culinary hubs. Important areas served include Aminabad, Yahiyaganj, Pandeyganj, Chowk, King George’s Medical University, and landmarks like Bara Imambara and Rumi Darwaza.This expansion prom..

Next Story
Infrastructure Transport

Major Upgrades Planned for Tamil Nadu’s National Waterways

Tamil Nadu is poised for significant infrastructure upgrades across its National Waterways (NWs), with a focus on developing jetties, cargo hubs, and cruise tourism circuits, according to the Ministry of Ports, Shipping and Waterways. These projects aim to promote sustainable inland water transport and boost regional economic activity.Key projects include the development of Buckingham Canal (part of NW-4), with jetties planned at the following locations:Mahabalipuram to Ediyur BridgeCooum River near Marina BeachPulicat LakeEnnore Port to ETPS, specifically for cargo operationsOther National Wa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?