Cement News tagged under: western europe
Cemex confirms decision to close Ferriby plant15 July 2020, Published under Cement NewsFollowing consultations with employee representatives and Unite the Union, Cemex has confirmed that it will be mothballing its South Ferriby plant in north Lincolnshire, UK. Approximately 110 employees who are currently based at the plant will be affected, with the majority of redundancies said to be taking place in July, according to a statement. However, customers will continue to be supplied from the company’s existing cement network. "Cemex remains committed to the UK and its Europe... |
HeidelbergCement's preliminary 2Q20 results above market expectations15 July 2020, Published under Cement NewsIn the course of preparing the 1H20 financial report of HeidelbergCement AG, the preliminary 2Q20 financial figures deviate from the capital market expectations, which are based on the average value of the estimates available to the company from financial analysts. Therefore, HeidelbergCement is publishing the following preliminary 2Q20 key figures from the half-year financial 2020 report: • Preliminary revenue amounts to EUR4324m in the 2Q20. The capital market expects EUR3907m for this ke... |
Votorantim reduces production at Oural15 July 2020, Published under Cement NewsVotorantim-owned Oural cement plant in Spain will considerably reduce its cement production as a result of falling demand from the construction sector due to the COVID-19 pandemic. The cement producer has seen a significant fall in its sales in Spain and industry sources expect the sector to see a decline of 20 per cent for the full year. The decision will see a reduction in the production of clinker in particular as the company will continue to bag and distribute cement as the market requi... |
Turkish cement exports to France rise by 9% in 1H2014 July 2020, Published under Cement NewsIn June 2020 the export of Turkish cement to France increased by 65.6 per cent YoY, representing a value of US$12.9m, according to the Turkish Ministry of Trade. Total cement exports from Turkey in June advanced 37.4 per cent to US$343.1m when compared with June 2019. January-June 2020 In January-June 2020 Turkish cement exports to France increased 8.9 per cent YoY to US$61.6m, reported Trend News Agency. |
Swiss cement dispatches down 3% in 2Q2009 July 2020, Published under Cement NewsCement deliveries in Switzerland fell by 3.3 per cent YoY to 1,138,804t in the second quarter of 2020, according to the latest data published by Cemsuisse, the Swiss cement association."The cement industry was able to ensure the supply of cement despite the coronacrisis," said the association in a statement. The supply of low-carbon CEM II cements, which accounts for 88.7 per cent of demand, is still increasing. The share of CEM I cements in total deliveries fell further to 6.8 per ce... |
HeidelbergCement revaluates business units with impairment test07 July 2020, Published under Cement NewsDue to the COVID 19 pandemic, HeidelbergCement AG has reviewed the business prospects of all significant local business units of the group, and has carried out an impairment test on its asset portfolio in the 2Q20. The audit leads to an impairment of goodwill and tangible fixed assets shown in the consolidated balance sheet totalling around EUR3.4bn (US$3.8bn) before tax. Regionally, the impairments relate mainly to business units in western and southern Europe (UK, France, Belgium, The ... |
Titan Global Finance Plc makes EUR250m notes offering03 July 2020, Published under Cement NewsTitan Global Finance Plc, subsidiary of Titan Cement International SA, has made a EUR250m notes offering that will mature in 2027, with a 2.75 per cent coupon per annum. The orders in the book were above two times the nominal amount of the issue and the application will be made to the Irish Stock Exchange plc, trading a Euronext Dublin. The closing date is set for 9 July 2020. The proceeds of the notes will be used by the issuer to purchase some or all of the EUR300m with a coupon of 3.5 pe... |
University of Seville and FLACEMA sign power cost research collaboration30 June 2020, Published under Cement NewsThe University of Seville and the Andalusian Labour Foundation for Cement and Environment (FLACEMA), Spain, have signed a scientific collaboration agreement to launch an industrial research project into a tool to optimise the electricity cost of cement plants using artificial intelligence (AI). Power accounts for around 18 per cent of total production costs in Spanish cement plants, significantly eroding their competitiveness on the global market. The research, which has seen significant... |
Titan issues notes for general purposes, including bank debt repayment30 June 2020, Published under Cement NewsTitan Global Finance plc, a subsidiary of Titan Cement International SA, is inviting holders of its 3.500 per cent guaranteed notes due June 2021, originally issued in an aggregate principal amount of EUR300m and of which EUR287m remains outstanding, to tender any or all of their notes for purchase by the offeror of cash. The offeror will pay a cash purchase price equal to EUR1016 per EUR1000 in principal amount of the notes validly tendered and accepted for purchase, plus any accrued and un... |
HeidelbergCement highlights achievements and plans in 2019 sustainability report26 June 2020, Published under Cement NewsHeidelbergCement reiterated its sustainability focus on climate protection in its newly-published 2019 sustainability report. By 2030 the company plans to reduce its specific net CO 2 emissions per tonne of cement by 30 per cent compared with 1990. It was the first cement producer to have Science-Based Targets initiative (SBTi)-verified CO 2 reduction targets. Progress to date has seen these emissions fall by 22 per cent and HeidelbergCement reduced its specific net CO 2 emissions to 589... |