Cement News tagged under: Central Europe
Cementarnica Usje reports 40% increase in 9M net profit01 November 2024, Published under Cement NewsCementarnica Usje , North Macedonia, posted flat operating revenues at MKD4.7bn (US$82.9m) for the first nine months of 2024. However, thanks to a 12 per cent YoY drop in operating expenses to MKD3bn, the company, which is part of Greece-based Titan Group, was able to report a 40 per cent increase in net profit to MKD1.5 during the January-September period. |
Holcim plans new US$44m calcined clay processing line in Czech Republic01 October 2024, Published under Cement NewsHolcim Cesko is set to embark on its largest investment to date with the construction of a new calcined clay processing line at its Cížkovice cement plant, worth CZK1bn (US$44m). This cutting-edge project, expected to be completed by the end of 2026, is part of Holcim’s broader decarbonisation initiative aimed at reducing energy intensity and eliminating reliance on fossil fuels. By incorporating calcined clay, a low-carbon material, the new line will significantly reduce CO 2 emissions a... |
Cement Hranice records 29% rise in 2023 profit25 September 2024, Published under Cement NewsCzech cement producer Cement Hranice , owned by Germany’s Dyckerhoff AG , recorded a 29 per cent increase in net profit in 2023, reaching a record CZK916.2m (US$40.8m), compared to CZK710.5m in 2022. Revenues from sales grew by 5.5 per cent YoY, advancing from CZK2.227bn in 2022 to CZK2.349bn in 2023, according to the company’s annual report. Despite a reduction in cement sales volume last year, revenue growth was driven by higher product prices, according to the company's Board Chairma... |
Leube acquires Slovenia’s Marolt Beton12 September 2024, Published under Cement NewsAustria-based Leube Group has acquired Marolt Beton, Slovenia’s leading ready-mix concrete company, according to ORF. Marolt Beton has an annual turnover of approximately EUR16m and operations at 10 sites –ready-mix concrete plants and two quarries. The company employs 66 employees. Leube said that the acquisition is part of the company’s expansion strategy, which aims for 10-15 per cent of annual growth. Thanks to the total group turnover of EUR185m, Leube is able to implement the take... |
Kunda sees 6% drop in revenue in 202306 August 2024, Published under Cement NewsHeidelberg Materials Kunda AS 's sales revenue declined by 6.1 per cent YoY to EUR37.8m in 2023. The majority of this revenue, or EUR35.5m, was generated in Estonia with smaller revenues from the Swedish market (EUR1.3m) and Latvia (EUR1m), according to the company’s annual report. Cement volumes saw a 24 per cent drop due to a drop in construction volumes and higher prices. In addition, cement export share fell to six per cent. Cement production declined in line with the drop in sales.... |
Usje sees 58% jump in net profit in 1Q2401 May 2024, Published under Cement NewsCementarnica Usje AD of North Macedonia, part of the Titan group, reported a six per cent increase in domestic sales to MKD840.2m (US$14.6m) in the 1Q24 while export sales are up seven per cent YoY to MKD348.1m. The company also posted a three per cent YoY increase in operating revenue to MKD1.2bn in the first three months of 2024. Operating costs were down 10 per cent to MKD812.7m. As a result, net profit surged 58 per cent YoY to MKD299.9m. |
Turkey exports to Georgia up 7% in 1Q2423 April 2024, Published under Cement NewsTurkey has increased its exports of cement products to Georgia by 6.8 per cent YoY to US$17m in the January-March 2024 period, according to the country’s Trade Ministry. However, exports to global markets were down by 7.4 per cent YoY to US$1.1bn in the 1Q24. In March alone, cement product exports to Georgia were up 4.4 per cent YoY to US$7.6m. On a global scale Turkey’s exports were down 1.1 YoY to US$390m. |
Navigating sustainable trade10 April 2024, Published under Cement NewsICR interviews José Maria Magrina, CEO of Heidelberg Materials Trading, the world’s largest trader of cement and clinker. He discusses the company’s global operations, the growing trade in low-carbon materials, and the latest trends in the shipping sector. ICR: Your background is from the manufacturing side, rather than trade, with a long time spent in Egypt, before you took the position of CEO of Heidelberg Materials Trading. José Maria Magrina, CEO of Heidelberg Materials ... |
Polish cement producers voice concern over Ukraine imports08 April 2024, Published under Cement NewsThe Association of Polish Cement Producers has raised concerns over the 350 per cent surge in cement imports from Ukraine. "The scale of imports from Ukraine is growing almost every month, reaching nearly 50 per cent of total imports in January 2024. These volumes are deeply concerning," remarked the association's Zbigniew Pilch. In 2023 Ukraine exported 330,000t of cement to Poland, while domestic production in the latter fell by 11.9 per cent YoY to 16.6Mt. The association cites issue... |
Eastern Europe’s bid for growth02 April 2024, Published under Cement NewsICR has been assessing the eastern European cement markets of Czech Republic, Hungary and Romania. While decarbonisation is a central theme of all European cement markets, producers are also looking to improve plant efficiencies and are investing in new plant equipment. The eastern European cement industry looks forward to a pick-up in cement demand in 2024 while it takes steps to decarbonise its operations (© Heidelberg Materials) The economic outlook in eastern Europe ha... |