Cement News tagged under: Saint-Gobain
Saint-Gobain issues first double green bond27 March 2024, Published under Cement NewsSaint-Gobain has successfully priced its first double green bond, reinforcing its commitment to sustainable construction. This follows a Sustainability Linked Bond in August 2022 and renewal in December 2023 of its backup revolving credit facility as a Sustainability Linked Loan. Two tranches of the green bond have been issued – EUR1bn with a six-year maturity and a 3.375 per cent coupon, and EUR1bn with a 10-year maturity and a 3.625 per cent coupon. According to the company, the bonds... |
Saint-Gobain posts 6% decline in sales in 202304 March 2024, Published under Cement NewsSaint-Gobain has reported sales of EUR47,944m in 2023, down 6.4 per cent from EUR51,197m in the previous year. EBITDA over the same period declined 1.7 per cent from EUR7123m to EUR7001m, while consolidated net debt fell 10.2 per cent from EUR8232m to EUR7393m. Recurring earnings per share were down 1.4 per cent from EUR6.48 in 2022 to EUR6.39 in 2023. Operating income fell 1.6 per cent YoY, coming in at EUR5251m in 2023, with an operating margin of 11 per cent, marking a new record high, ... |
Saint-Gobain in advanced talks to acquire CSR Ltd22 February 2024, Published under Cement NewsSaint-Gobain has approached the board of CSR Ltd, a leading Australian building materials company listed on the Australian Securities Exchange, with a non-binding indicative offer to acquire all of CSR’s issued share capital by way of a scheme of arrangement at an offer price of AUD9.00 (US$5.90) cash per share. Under Saint-Gobain’s proposal, CSR would be entitled to pay a final dividend of up to AUD0.25 per share for its financial year ending 31 March 2024, which would be deducted from the... |
Saint-Gobain appoints new president of SGDB France13 February 2024, Published under Cement NewsEffective from 1 April 2024, Olivier Mercadal will become president of Saint-Gobain Distribution Bâtiment France (SGDB France), reporting to Thierry Fournier, CEO France and CEO Southern Europe, Middle East, Africa Region for Saint-Gobain. Mr Mercadal succeeds Patrice Richard who has decided to retire after 29 years, including the last 14 years as head of construction material trading activities in France. Mr Mercadal joined Saint-Gobain in 2001 and held the positions of executive ge... |
Saint-Gobain signs energy PPA in Italy08 February 2024, Published under Cement NewsSaint-Gobain has signed a 10-year renewable electricity supply contract in Italy with Axpo Italia. The power purchase agreement (PPA) covers the purchase of electricity generated by a newly-built wind farm in the Puglia region. Axpo Italia will provide around 22GWh of green electricity per year, or 11 per cent of Saint-Gobain’s electricity needs in Italy. This contract is the fifth PPA signed by Saint-Gobain in Italy. Combined, the five projects are expected to cover more than 20 ... |
Saint-Gobain makes first move into Ecuador19 December 2023, Published under Cement NewsSaint-Gobain has entered into an agreement to acquire a majority stake in IMPTEK Chova del Ecuador, a leading player in the construction chemicals market in Ecuador, providing differentiated and innovative waterproofing solutions. This will be Saint- Gobain’s first manufacturing presence in the country. With expected revenues of around EUR30m in 2023, operating one plant in the region of Quito and employing about 120 people, IMPTEK is a leader in the Ecuadorian construction market, off... |
Saint-Gobain signs power agreement in South Africa12 December 2023, Published under Cement NewsSaint-Gobain has signed a renewable electricity supply agreement (power purchase agreement or PPA) with CVE, an independent French renewable energy producer, to secure about 140GWh of solar electricity in South Africa, over a 20-year period. This PPA is expected to cover around 40 per cent of the electrical needs of Saint-Gobain’s four major industrial sites in the country, producing gypsum and mortars. The sites are located in Brakpan, Alrode and Germiston in the Gauteng region, as wel... |
Saint-Gobain signs solar energy agreement09 November 2023, Published under Cement NewsSaint-Gobain has signed a 14-year renewable electricity supply agreement with Alpiq Energie France. The contract covers the purchase of electricity generated by two solar farms located in Moselle, northeast France. Alpiq Energie France will supply over 500GWh of solar electricity to Saint-Gobain over the course of the agreement. As a result, 11 Saint-Gobain plants in France will use 100 per cent solar electricity. This contract is the third such agreement signed by Saint-Gobain in Fra... |
Saint-Gobain to acquire Adfil NV28 September 2023, Published under Cement NewsSaint-Gobain has entered into an agreement to acquire Adfil NV, a specialist in fibres for concrete reinforcement. Adfil operates two plants in Belgium and generated revenues close to EUR40m in 2022. In addition to Chryso and GCP’s admixtures, Adfil’s performance fibres contribute to the reduction of reinforced concrete’s CO 2 footprint, the improvement of lead times and productivity for construction projects, and an increased lifespan for concrete. Adfil will be consolidated within Saint... |
Saint-Gobain sales up 5% YoY in 1Q2316 May 2023, Published under Cement NewsSaint-Gobain has reported “solid” sales growth in the opening three months of 2023 with like-for-like sales up 4.7 per cent to EUR12,406m, compared to EUR12,007m in the same period a year earlier. According to the company, prices were up 10.2 per cent over the 1Q23, driven by price increases implemented in 2022 and certain additional measures taken locally at the start of 2023, which generated a positive price-cost spread overall. Volumes were down 5.5 per cent due to a moderate market slo... |