Cement News tagged under: Weekly Newsletter
GCCA releases its Cement Industry Net Zero Progress Report 202304 December 2023, Published under Cement NewsThe Global Cement & Concrete Association (GCCA) has released its Cement Industry Net Zero Progress Report 2023 providing an update on global action and progress by the GCCA and its member companies. Initiatives featured include development of carbon capture, utilisation and storage (CCUS), increasing use of alternative energy sources and research into new materials and technology. The new report comes two years after the launch of its Concrete Future 2050 Roadmap for Net Zero Concrete. F... |
Cement demand in Spain down 7% in October30 November 2023, Published under Cement NewsCement consumption in Spain declined 6.7 per cent in October 2023 to 1,171,629t when compared with October 2022, according to Oficemen, the Spanish cement association. Exports were down 10.6 per cent YoY to 430,421t in October, representing the fourth-consecutive month of decline. In the first 10 months of 2023 cement demand edged up by two per cent to 12,126,694t. Exports contracted four per cent YoY to 4.5Mt in the 10M23. “From the sector we cannot help but continue to observe with conc... |
Heidelberg Materials launches its evoZero brand30 November 2023, Published under Cement NewsUnder its new evoZero brand, Heidelberg Materials is introducing the world’s first carbon captured net-zero cement to customers in Europe. evoZero achieves its net-zero footprint through the application of carbon capture and storage technology at the Heidelberg Materials plant in Brevik , Norway, without compensation from credits generated outside the company’s value chain. “The launch of our unique evoZero products is a paradigm shift in the decarbonisation of our sector,” says Dr Domin... |
Taiwan Cement expands its European footprint29 November 2023, Published under Cement NewsTurkey's Army Pension Fund, OYAK , has reached a preliminary agreement to sell its stakes in two cement companies to Taiwan Cement Corp for a total of about EUR673m. OYAK is selling a 20 per cent stake in Oyak Denizli Cement of Turkey to Taiwan Cement, valuing the company at EUR1.3bn (US$1.42bn). Taiwan Cement estimates it will pay EUR193.4m for the stake, increasing its ownership to 60 per cent, a filing from the Taiwanese company confirmed. Taiwan Cement had purchased a 40 per cent s... |
CEMEX Europe makes strong progress with EPD certificate roll-out28 November 2023, Published under Cement NewsGlobal building materials supplier CEMEX is proud to announce that it will soon have obtained Type III Environmental Product Declaration (EPD) certificates for the cements it produces across its European network of cement plants. CEMEX ’s Future in Action climate action strategy is backed with science-based targets, aligned to the 1.5˚C scenario, and using EPD certificates is an efficient and transparent way to publish significant progress and clear industry leadership. EPDs have been publ... |
UltraTech Cement eyes up Kesoram Industries27 November 2023, Published under Cement NewsUltraTech Cement has reportedly expressed an interest in acquiring Kesoram Industries and is already carrying out due diligence on the company. According to CNBC, UltraTech is exploring two options: buying out the existing promoter or just acquiring the cement business of Kesoram. Kesoram currently operates in two markets, cement and rayon, with a cement production capacity of close to 10Mta across Karnataka and Telangana . Current shareholders in Kesoram Industries are the existi... |
MPA deeply disappointed at lack of Government CBAM announcement27 November 2023, Published under Cement NewsThe Mineral Products Association (MPA) is deeply disappointed by the lack of commitment to a UK Carbon Border Adjustment Mechanism (CBAM) in the Autumn Statement. This missed opportunity should be urgently followed by publication of the promised consultation response announcing introduction of a CBAM. "Failure to take this opportunity to demonstrate support for energy intensive industries, including cement, adds further uncertainty to the creation of a level playing field on carbon cost wi... |
CRH sells lime business to SigmaRoc23 November 2023, Published under Cement NewsCRH plc has agreed to divest its lime operations in Europe to SigmaRoc plc for a total consideration of approximately US$1.1bn. The lime business comprises 16 operating locations with leading market positions across Ireland, the UK, Germany, Czech Republic and Poland. The combined business generated sales of around US$610m and EBITDA of roughly US$137m in 2022. The transaction, which is subject to customary conditions and regulatory approvals, is structured in three phases, the first o... |
Canada welcomes government CCUS commitment23 November 2023, Published under Cement NewsThe Cement Association of Canada (CAC) says it is pleased to support the measures and investments announced in the Federal Fall Economic Statement to advance the Carbon Capture Utilisation and Storage Investment Tax Credits (CCUS ITC) and others. According to the CAC, it is essential that Canada keeps pace with other jurisdictions such as the US and the EU in attracting investment in industrial decarbonisation. “Attracting investment means that Canada’s economy remains competitive and r... |
Breedon posts 8% growth YoY in 10M2322 November 2023, Published under Cement NewsBreedon Group has reported eight per cent growth in revenue YoY in the first 10 months of 2023, driven by robust pricing and operational excellence, that more than offset the effect of moderating volumes. According to the company, changes to building regulations in the UK that came in in June, impacted ready-mixed concrete (RMC) volumes, while aggregate and asphalt volumes have continued to moderate. “However, pricing has been sustained and we have maintained tight control over our cos... |