Cement News tagged under: Central Europe
Lafarge Cement sees record sales in 202021 June 2021, Published under Cement NewsDespite the coronavirus pandemic in 2020 Czech-based producer Lafarge Cement reported a nine per cent YoY rise in sales to CZK1.55bn (US$72.1m) and pretax profit went up by 60 per cent to CZK555m. This represents the best income figure in its history, said Miroslav Kratochvil, who leads the LafargeHolcim subsidiary. The pandemic saw higher staff and operational cost. However, the increased expenditures were offset by savings, Mr Kratochvil said. Demand for building materials continues thi... |
Nexe Grupa invests in production capacity17 June 2021, Published under Cement NewsCroatia’s Nexe Grupa reportedly invested HRK115m (US$18.6m) last year to boost the production capacity and energy efficiency of its plants, with further plans for development this year. In particular, its cement subsidiary targeted both capacity expansion and the increased usage of alternative fuels during the year. "These are just some of the important project that we will follow also in 2021, which we enter with a reduced overall debt of the group and lower costs of financing thanks to ... |
Schwenk to increase stake in Akmenės Cementas04 June 2021, Published under Cement NewsGermany’s Schwenk has received approval to increase its stake in Lithuania's only cement manufacturer, Akmenės Cementas. It was already the majority shareholder at 50.42 per cent but is now set to increase this to 96.98 per cent. Schwenk Zement Beteiligungen will also acquire 75.41 per cent of Kalcitas, a limestone and clay producer, and 100 per cent of Cemeka and Lanku Bokstai. |
Polish cement association calls for protective measures20 May 2021, Published under Cement Newshe Polish cement association has called upon the government to support protective measures such as the border protection mechanism (CBAM) to enable the cement industry to meet the challenges presented by new climate regulations and the market environment. In a letter to the Polish prime minister, the organisation says: “However, we are concerned that the lack of protective measures - such as the Border Protection Mechanism (CBAM) currently being processed by the European Commission - may re... |
Cementarnica Usje reports 5% rise in profit11 May 2021, Published under Cement NewsNorth Macedonia's Cementarnica Usje (Titan group) has reported a 5.1 per cent YoY decline in net profit to MKD182.1m (US$3.6m) in the first quarter of 2021. However, operating revenue increased 9.4 per cent to MKD924.8m. Domestic sales advanced 9.6 per cent to MKD623.4m, while sales from foreign markets rose 24.3 per cent to MKD272.9m. Operating expenses grew 7.6 per cent YoY to MKD699.9m in the first quarter, as costs for materials were up by 84.9 per cent to MKD64.7m. |
Polish cement association highlights challenges ahead03 May 2021, Published under Cement NewsFrom 2021 Poland’s cement industry is facing new challenges as it embarks on a three decade-long transformation towards climate neutrality by 2050, according to the Polish Cement Association (SPC). Moreover, in addition to the COVID-19 pandemic, the industry also has to address the rising costs of purchasing CO 2 emission allowances and energy supply, without compensation, as well as rapidly growing imports from outside the European Union. Following lower cement sales due to a cold wint... |
Hranice sees 12% increase in 2020 profit26 April 2021, Published under Cement NewsCzech cement producer Cement Hranice, owned by Germany-based Dyckerhoff AG, saw its profit rise 12.1 per cent YoY to CZK561.5m (US$26.2m) in 2020 on sales of CZK1.797bn, up 1.2 per cent YoY. "Cement and other product sales declined by 3.4 per cent YoY in 2020 owing to lower supplies to the sister Slovak company ZAPA beton," said board member Roman Michalcik. Cement sales in the Czech market totalled CZK1.386bn, while exports accounted for the rest. Domestic sales increased by around CZK4... |
CRH to change name of subsidiary to Romcim23 April 2021, Published under Cement NewsCRH will change the name of its Romanian subsidiary to Romcim from 5 May. The name change is in keeping with the group’s strategy to operate trusted local brands in each of its markets, according to a press release. "Romcim is an iconic brand in the Romanian construction industry and feels like ‘family’ for generations of home builders, employees and the communities we operate in. Romcim is in our company’s DNA and is a solid foundation for the sustainable contribution we want to make to bu... |
Schwenk Latvija orders Christian Pfeiffer high-performance ball mill circuit29 March 2021, Published under Cement NewsSchwenk Latvija, a company of Schwenk Building Materials Group, awarded Christian Pfeiffer Maschinenfabrik GmbH with the construction of an efficient ball mill circuit for high-quality cements, for the Broceni plant in Latvia. The ball mill circuit will also enable the production of more cement types, expanding Schwenk Latvija's product portfolio with more environmentally friendly cement types with fineness of up to 5600 Blaine. Christian Pfeiffer will also supply a QDK high-performanc... |
TCK sees 65% rise in profit10 March 2021, Published under Cement NewsBosnia & Herzegovina’s Tvornica Cementa Kakanj (HeidelbergCement) has reported a 64.5 per cent YoY surge in net profit to BAM23.5m (US$14.29m) in 2020. The company’s operating revenues also advanced 23.4 per cent to BAM90.6m, while operating costs increased 59 per cent to BAM73.4m. |