Cement News tagged under: Western Europe
LafargeHolcim sees net sales rise 7% in 1Q2123 April 2021, Published under Cement NewsLafargeHolcim recorded a record start to 2021, led by net sales improving by 7.4 per cent and an increase in recurring EBIT of 130.7 per cent compared to the prior year period, both on a like-for-like basis. Cement volumes grew by 5.6 per cent for the group and ready-mix concrete volumes increased by 2.2 per cent, while aggregates volumes decreased by four per cent, all on a like-for-like basis. Cement sales totalled 47.3Mt compared to 44.9 per cent in the 1Q20. Aggregate sales tota... |
FLSmidth awarded contract at Norcem Brevik22 April 2021, Published under Cement NewsThe well-known carbon capture and storage (CCS) project at Norcem Brevik in Norway is progressing with HeidelbergCement and FLSmidth having signed an agreement for FLSmidth to deliver the necessary plant modifications allowing for downstream CO 2 removal. Final commissioning is scheduled for the first half of 2024. The capturing process at the Norcem Brevik plant will use a mixture of water and organic solvents to remove the CO 2 . But before CO 2 can be removed, the pr... |
Moody Investors Service upgrades HeidelbergCement's rating22 April 2021, Published under Cement NewsMoody’s Investors Service has upgraded HeidelbergCement’s long-term issuer rating to Baa2 from Baa3. Concurrently, the rating agency has upgraded the backed short term rating to (P)P-2 from (P)P-3. The rating outlook is stable, claims Heidelbergcement. As rationale behind the rating upgrade, Moody’s particularly highlighted HeidelbergCement’s resilient performance throughout 2020, its strong cash flow generation as well as its conservative financial policy including its commitment to k... |
GCCA to expand Innovandi initiative with Open Challenge22 April 2021, Published under Cement NewsTo mark World Creativity and Innovation Day, the Global Cement & Concrete Association (GCCA) is announcing the expansion of its innovation programme, Innovandi, to encompass a new Open Challenge innovation accelerator programme. The Open Challenge programme will launch in the coming weeks and will bring together start-ups and leading cement and concrete producers to create new innovations needed for the sector to reduce its carbon emissions and solve the climate emergency. Dinah McLeod... |
Swiss 1Q cement deliveries down 1%21 April 2021, Published under Cement NewsCement deliveries in Switzerland (including Liechtenstein) slipped 1.1 per cent in the first quarter of 2021 when compared to the 1Q20, which was the last not fully affected by the COVID-19 pandemic, according to the Swiss cement association, Cemsuisse. Domestic deliveries fell to 862,210t in the January-March 2021 period from 872,104t in the year-ago period. CEM II cements with a lower CO 2 content recorded a modest growth and accounted for 90.1 per cent of deliveries. CEM I cement saw it... |
Breedon reports strong trading in 1Q2120 April 2021, Published under Cement NewsBreeding announced encouraging trading in the first three months of the year. There was good demand in the GB market, where the business benefitted from contributions from the Cemex acquisition, combined with a robust cement performance, which more than offset the impact of COVID-19 restrictions limiting construction activity in the Republic of Ireland. Overall, group revenues in the first three months of the year were approximately GBP264m, an increase of 27 per cent compared with the ... |
Carbon8 Systems to participate in South Wales industrial cluster project20 April 2021, Published under Cement NewsThe South Wales Industrial Cluster (SWIC), a partnership between industry, energy suppliers, infrastructure providers, academia, legal sector, service providers and public sector organisations, has been awarded GBP1.5m from UKRI’s Industrial Decarbonisation programme to map what is needed to support South Wales in becoming a net-zero carbon region by 2050. Carbon8 Systems is part of the SWIC partnership companies and has already shown its capabilities of reducing CO 2 emissions with carbo... |
Cement consumption in Spain up 8% in 1Q2119 April 2021, Published under Cement NewsSpanish cement demand advanced 8.4 per cent YoY in the first quarter of 2021, reaching 3,378,281t, reports Oficemen, the country’s cement association. The hike reflects the low based of demand in the 1Q20 as the country entered lockdown due to the coronavirus pandemic. “You have to look very cautiously at the percentage data for March, which show a growth of 52.6 per cent when compared to the start of the pandemic, when the stoppage of many of the works weighed down consumption by about 30... |
S&P Global raise HeidelbergCement's credit rating16 April 2021, Published under Cement NewsS&P Global Ratings raised HeidelbergCement’s long- and short-term issuer credit ratings to BBB/A-2 from BBB-/A-3 and the issue ratings on its debt to BBB from BBB-, while giving a stable outlook. As rationale behind the rating upgrade, S&P highlighted HeidelbergCement’s ability to significantly reduce its debt in 2020, despite the COVID-19 pandemic, thanks to extensive cost saving measures, resilient operating performance and strong cash flow. As a result, HeidelbergCement's leverag... |
HeidelbergCement updates markets on preliminary 1Q21 expectations16 April 2021, Published under Cement NewsHeidelbergCement AG's preliminary 1Q21 financial figures deviate significantly from current capital market expectations. Preliminary revenue amounts to EUR3958m (previous year: EUR3930m) in 1Q21. The capital market expects EUR3873m for this key figure. The preliminary result from current operations before depreciation and amortisation (operating EBITDA) amounts to EUR538m (previous year: EUR405m) in 1Q21. The capital market expects EUR436m for this key figure. The preliminary result... |