Cement News tagged under: western europe
CRH revenues expected to recover in 3Q2028 August 2020, Published under Cement NewsFollowing the release of CRH's 2020 interim results last Friday, ICR now takes a deeper look at what the underlying trends have been for the company's trading performance during this challenging period. First-half sales for the group were five per cent behind, with like-for-like (LfL) sales three per cent behind the 1H20, as a positive performance in the first quarter was followed by significant disruption in the second quarter. EBITDA of US$1.59bn down when compared with 2019 (1H19: US$1.6... |
FLSmidth's revenue guidance for 2020 is DKK15.5-17bn28 August 2020, Published under Cement NewsFLSmidth's revenue in 2020 is forecast to be DKK15.5bn-17bn (US$2.48bn-2.72bn), says the company. EBITA margin is expected to be 4.5-6 per cent, which takes into account around DKK210m of implementation costs related to business improvement activities. On 23 March FLSmidth's financial guidance for 2020 was suspended due to the global uncertainty caused by the COVID-19 pandemic. On 28 April the company announced that full-year results were expected to be below the initial guidance. Visibilit... |
CMA raises competition concerns over Breedon and Cemex deal26 August 2020, Published under Cement NewsBreedon’s purchase of certain Cemex assets has raised competition concerns in the supply of building materials in some parts of the UK, the Competition & Markets Authority (CMA) has found. Breedon announced in January 2020 that it had agreed a GBP178m deal to buy approximately 100 Cemex sites, including aggregates quarries, ready-mixed concrete facilities, asphalt plants and a cement terminal, across the UK. Following its initial Phase 1 investigation, the CMA found that the deal gives ri... |
Shares in Titan Cement International sold25 August 2020, Published under Cement NewsTitan Cement International SA announced the disposal of 7701 shares by its subsidiary Titan Cement Company SA of Titan Cement International SA. The shares were sold on 21 August 2020 at an exercise price of EUR10/share (EUR77,010 in total). Following the transaction, Titan Cement Company SA owns 5,226,748 shares in Titan Cement International, representing 6.34 per cent of the voting rights of Titan Cement International. |
More jobs to go at South Ferriby20 August 2020, Published under Cement NewsAnother 26 jobs will go at Cemex's mothballed South Ferriby Cement plant after a review of the tanker fleet. The plant in north Lincolnshire, UK, lost 110 jobs last month and the latest job losses come after the tanker drivers have had a consultation about the non-viability of their operations with the manufacturing site no longer producing cement. Cement production has been shifted to the company's Rugby, Tilbury and Hull sites, which remain operational. The latest job losses concern 25 dr... |
Imerys set to acquire 60% stake in refractory supplier19 August 2020, Published under Cement NewsFrance-based Imerys has signed an agreement for the acquisition of a 60 per cent stake in Turkey’s Haznedar Group, a high-grade monolithic refractories and refractory brick manufacturer. The industrial minerals company will also have the option to purchase the remainder of Haznedar. "With this deal, Imerys will complement its current offer with basic and acidic refractory bricks and extend its industrial footprint with a competitive production base in Turkey, strategically located between... |
Turkish cement exports to Germany rose 4.2% in the 1H2018 August 2020, Published under Cement NewsThe export of cement from Turkey to Germany increased 4.2 per cent from January-July 2020 compared to the same period of 2019, exceeding US$140.4m, reported the Turkish Ministry of Trade. Turkey exported US$22.7m of cement to Germany in July 2020, up 8.4 per cent on the year-ago period. The country's export of cement to world markets in January-July 2020 increased by 0.9 per cent compared to the same period in 2019, amounting to more than US$2.06bn. "In July 2020, Turkey's export of cemen... |
Waste Knot Energy to operate new alternative fuel pellet plant in the UK18 August 2020, Published under Cement NewsWaste Knot Energy (Waste Knot) has secured funding from Gresham House's British Strategic Investment Fund (BSIF) to build its first fuel pelleting plant in Middlesbrough, UK. The site of the new plant will be at AV Dawson's port facility on Teeside. The plant will produce Waste Knot's Green Knot branded pellets using non-recyclable waste - otherwise destined for landfill or for another country’s waste facilities. The high-calorific value of the pellets makes them a reliable, low-emission bu... |
ENCI's Maastricht plant to close at the end of August11 August 2020, Published under Cement NewsThe ENCI (HeidelbergCement) cement works in Maastricht, The Netherlands, is due to shut down at the end of this month, according to Dutch News. Limestone quarrying stopped in 2018 and raw materials have since been delivered to the plant by ship. High maintenance costs have also contributed to the factory becoming loss-making. The quarry is currently being redeveloped as a nature reserve. ENCI’s two other cement works in The Netherlands are expected to remain open. |
VDZ to move to new premises10 August 2020, Published under Cement NewsFor more than 60 years, Germany's cement association Verein Deutscher Zementwerke eV (VDZ)'s research institute in Düsseldorf has been the home and focal point not only for many generations of its employees but also for the representatives of the cement industry. Now, in the first week of September this year, VDZ will move into new premises, a step which will provide a new, long-time perspective. VDZ's new home is located close to its previous building, with excellent 15-minute connections ... |