Cement News tagged under: Western Europe
Heidelberg Materials reports strong 1Q revenue growth10 May 2023, Published under Cement NewsHeidelberg Materials announced a 13.4 per cent YoY increase in revenues (adjusted for scope of consolidation and exchange rate effects) to EUR4896m in the first quarter of 2023. During the quarter sales volumes declined as a result of the economic downturn linked to lower construction activity, especially in residential construction, due to inflation and increased financing costs. In particular, price adjustments in all group areas contributed to the revenue growth. Exchange rate effects o... |
Cementir posts 1Q23 revenue of EUR414.8m10 May 2023, Published under Cement NewsCementir ’s revenue totalled EUR414.8m in the 1Q23, up 14.5 per cent from the 1Q22. EBITDA reached EUR81.2m, a 33.8 per cent YoY advance while profit before taxes totalled EUR63.9m, a rise of 50.7 per cent when compared with the 1Q22. Meanwhile, net debt stood at EUR32.1m at 31 March 2023. Operating costs rose by 2.8 per cent to EUR342.5m when compared to EUR333.1m in the 1Q22. The cost of raw materials rose by 5.5 per cent YoY. Cement volumes (white and grey) totalled 2.34Mt, a f... |
Irish Cement named as one of biggest polluters09 May 2023, Published under Cement NewsIrish Cement Ltd (part of CRH ) has been named among Ireland’s biggest climate polluters, according to a report in the Irish Independent. The cement producer joins other household brands, such as Ryanair and Pfizer, with the latest records showing that a group of just 100 factories, power plants and airlines emitted around 25Mt of CO 2 in Ireland in 2022. Irish Cement currently runs the 2.8Mta integrated Platin cement plant and the 1.2Mta integrated Limerick works. |
Italian cement production up 3% in February05 May 2023, Published under Cement NewsCement production in Italy increased by three per cent YoY in February 2023, according to the country’s construction chamber, Federbeton. When compared with the 2015 base index production the value advanced from 66 in January to 87 in February 2023. Cement prices in February 2023 remained stable MoM at 212 when compared with the base year of 2015 (=100). Federbeton reported a 35 per cent increase when compared with February 2022. External trade Grey cement imports in January 2023 advance... |
Cementos Molins reports 25% YoY revenue growth in 1Q2304 May 2023, Published under Cement NewsCementos Molins has reported revenue of EUR342m in the first quarter of 2023, up 25 per cent YoY. According to the company, sales have improved across all businesses and regions, driven by both volume and selling prices. On a like-for-like basis, revenue improved by 38 per cent. EBITDA over the same period advanced by 47 per cent YoY to EUR86m, with a strong contribution from Spain and Mexico. Like-for-like EBITDA increased by 64 per cent. Net profit in the 1Q23 came in at EUR37m, marki... |
Sika completes MBCC acquisition04 May 2023, Published under Cement NewsSika has completed its acquisition of MBCC Group. Based in Germany and formerly owned by an affiliate of Lone Star Funds, MBCC Group is active in the field of construction systems and admixture systems. To close the transaction and to comply with regulatory requirements, Sika sold MBCC Group’s chemical admixtures assets in the UK, USA, Canada, Europe, Australia and New Zealand to the international private equity firm Cinven. The business now acquired by Sika generated sales of CHF2.1bn (U... |
Taiwan Cement Group plans green bond04 May 2023, Published under Cement NewsTaiwan Cement Group is planning to issue green bonds through its subsidiary in Europe, marking the first time the group has sold such bonds to finance environmentally-friendly projects. In a statement to the Taiwan Stock Exchange, Taiwan Cement Co (TCC) said its energy storage subsidiary NHOA SA in Italy will sell convertible green bonds with a maturity of five years, aiming to raise EUR250m (US$276m). In July 2021, through its subsidiary Taiwan Cement Europe Holdings BV, TCC acquired... |
Holcim and Air Liquide join forces to decarbonise new Obourg plant02 May 2023, Published under Cement NewsAir Liquide and Holcim have signed a Memorandum of Understanding (MoU) to pursue a project to decarbonise Holcim’s new cement production plant under development in Belgium, using Air Liquide's proprietary Cryocap TM carbon capture innovative technology. Thanks to Air Liquide’s unique carbon capture innovative technology, Holcim will be able to reduce emissions by up to 1.1Mta CO 2 . The new cement production plant announced will be replacing an existing asset. This partnership form... |
Heidelberg Materials supplies Europe's largest 3D printed building01 May 2023, Published under Cement NewsUsing a special 3D concrete printing material from Heidelberg Materials , the largest 3D printed building in Europe is currently being constructed in Heidelberg, Germany. Printing of the building began at the end of March 2023 and is expected to complete at the end of July 2023. Once completed, the commercial building by real estate company KRAUSGRUPPE, which will be around 54m long, 11m wide and 9m high, will house a data centre. Heidelberg Materials is supplying around 450t of i.tech®... |
CBR to change its name to Heidelberg Materials Benelux01 May 2023, Published under Cement NewsCBR ( Heidelberg Materials ) will see its name change on 22 November 2023. CBR will then officially become Heidelberg Materials Benelux. The Belgian company’s first trucks with the new logo are already on the roads. |