Cement News tagged under: Western Europe
EPA approves Mungret alternative fuel licence19 May 2021, Published under Cement NewsThe Environmental Protection Agency (EPA) has finally given the go-ahead to Irish Cement’s EUR10m plan in Mungret in Co Limerick, Ireland, to change its fuel burning practices. Originally, the EPA had granted a licence for the project in September 2019, but local protests and court hearings have delayed the modernisation project. The company now intends to feed used tyres and solid recovered waste to its kiln, which it deems necessary for the future competitiveness of the plant. The Mu... |
FLSmidth receives SBTi validation of its carbon emission targets17 May 2021, Published under Cement NewsFLSmidth has received validation from the Science Based Targets initiative (SBTi) for its carbon emission reduction targets. By implementing its MissionZero programme to achieve these targets, the company will help keep global warming below 1.5°C at the same time as delivering solutions to help reduce global CO 2 emissions by more than 10 per cent – and becoming carbon neutral in its own operations by 2030. Commenting on the targets, CEO Thomas Schulz says: “I truly believe that the g... |
Titan Group records increased 1Q volumes in the US and Greece14 May 2021, Published under Cement NewsTitan's 1Q21 regional results saw strong volume growth in the US, particularly in the Mid-Atlantic region, while the domestic market of Greece also had encouraging results with cement sales increasing on 1Q20. Solid price trends in the US testified to the pent-up demand and a more confident restarting of activity that reflects the economy's robust growth. Demand was stable in Florida, with divergent trends depending on geographies, while even a slow recovery was witnessed in New York, whi... |
Titan Group records revenues of EUR371m in 1Q2113 May 2021, Published under Cement NewsTitan Group's consolidated revenue reached EUR371m, down 3.6 per cent versus the 1Q20, penalised by the weaker US$ and US$-linked currencies, against otherwise solid organic growth trends. Revenue growth was 3.2 per cent in local currencies. EBITDA growth rose to EUR56.1m from EUR40.6m in 2020. In the 1Q21 net profit after taxes and minority interests grew to EUR15.3m, a EUR31m improvement against a EUR15.8m loss in the 1Q20 (which included EUR9m one-off mark to market losses on US$ in... |
Siemens and Schaeffler to cooperate on drive system diagnostics12 May 2021, Published under Cement NewsSiemens and the automotive and Schaeffler have started cooperation on intelligent diagnostics for drive systems. Through this collaboration Siemens combines its IIoT platform Sidrive IQ with Schaeffler’s decades of experience and expertise in designing, manufacturing and servicing bearings. Sidrive IQ integrates a number of functionalities into one seamless solution and augments drive systems with AI-based analytics and digital content. For the customer, this means the ability to make... |
HeidelbergCement opens Quarry Life Award12 May 2021, Published under Cement NewsHeidelbergCement has launched the fifth edition of the Quarry Life Award, its nature-based competition involving more than 20 countries worldwide. Researchers, students, local communities, NGOs and nature lovers from around the world can pitch their ideas for sustainable quarry management, with prizes up to EUR30,000 for the most innovative projects. The Quarry Life Award supports HeidelbergCement and its partners, such as BirdLife International, in raising awareness of biodiversity in gene... |
Buzzi Unicem reports consolidated net sales of EUR3.22bn for FY2110 May 2021, Published under Cement NewsBuzzi Unicem’s financial statements for the year ended 31 December 2020 reported consolidated net sales came in at EUR3222.4m, virtually unchanged compared to EUR3221.4m in 2019. EBITDA stood at EUR780.8m (EUR728.1m in 2019). The income statement reported a consolidated net profit of EUR560.2m versus a profit of EUR385.7m in 2019. As at 31 December 2020, net debt amounted to EUR241.6m, down EUR326.2m from EUR567.8m at 2019 year-end. Total equity, inclusive of non-controlling interests, s... |
UK hit by cement shortages07 May 2021, Published under Cement NewsUK contractors and domestic retail buyers are both facing steep prices rises and supply shortages for cement amidst a booming recovery in construction activity. UK distributor, NYEs Building Suppliers, contacted all customers to warn that "there are now issues with cement from all manufacturers. We are working hard every day to maintain supply for our customers but it is tough and will only get worse before we see it get better." Part of the problem has been a disruption to production acti... |
Ecocem Materials announces EUR22.5m equity investment07 May 2021, Published under Cement NewsIreland’s Ecocem Materials has announced an EUR22.5m equity investment by Breakthrough Energy Ventures (BEV) and Breakthrough Energy Ventures Europe. BEV will also nominate a director to the company’s board. The investment will enable Ecocem to bring new ultra-low-carbon cements to the market over the coming years, which will draw on its deep knowledge of slag-based cements and incorporate new materials and technologies developed by the company, according to a press release. "Everyone at E... |
HeidelbergCement sees revenue up 1% in 1Q2106 May 2021, Published under Cement NewsHeidelbergCement has seen its revenue increase 0.7 per cent YoY to EUR3958m for the first quarter of 2021, or up four per cent on a like-for-like basis. The result from current operations before depreciation and amortisation (RCOBD) surged 33 per cent to EUR538m, while the result from current operations rose 280 per cent YoY to EUR233m. "HeidelbergCement has made an excellent start to 2021," said Dr Dominik von Achten, chairman of the Managing Board. "In all group areas, we have once agai... |