Cement News tagged under: Western Europe
CRH supplies major highway project in Utah28 April 2023, Published under Cement NewsCRH is playing an integral part in the West Davis Corridor project in Utah, USA. The 27km (17-mile), four-lane greenfield highway project will include freeway-style interchanges and 10 miles of new trails for biking and walking. Construction of the corridor began in 2021 and will require 7.2Mt of aggregates, 445,000t of asphalt and 42,050m 3 (55,000 cubic yards) of ready-mixed concrete. Staker Parson Materials & Construction, a CRH company, is delivering key components to the project,... |
CRH shareholders back US listing27 April 2023, Published under Cement NewsCRH has confirmed that it will be pursuing a US primary listing, along with a US equity index inclusion “as soon as possible”, said the company. North America now accounts for around 75 per cent of the group's EBITDA and is expected to be a key driver of growth in the future. “We believe a US primary listing will bring increased commercial, operational and acquisition opportunities for our business, further accelerating our successful integrated solutions strategy and delivering even h... |
Heidelberg Materials acquires The SEFA Group Inc27 April 2023, Published under Cement NewsHeidelberg Materials has agreed to acquire The SEFA Group, Inc, the largest recycler of harvested fly ash for use in concrete products in the USA. Based in Lexington, South Carolina, The SEFA Group currently supplies fly ash to over 800 concrete plants across 13 states. According to Heidelberg Materials, the reuse of fly ash from energy generation in alternative products such as composite cements strengthens circularity within its value chain with the addition of fly ash as secondary... |
Breedon reports positive 1Q trading update27 April 2023, Published under Cement NewsBreedon Group plc posted a positive trading update for the first quarter of 2023. It attributes the good result to its dynamic pricing strategy, which allowed the group to recover costs and offset expected volume softness. Revenue saw a 10 per cent advance YoY, or by seven per cent on a like-for-like basis (adjusted for the impact of acquisitions and disposals). Breedon’s CEO, Rob Wood, said ”Our performance in the first quarter demonstrates the resilience and flexibility of our team an... |
Patrick Vericel becomes majority shareholder of MLT Minet Lacing Technology27 April 2023, Published under Cement NewsPatrick Vericel has become the new majority shareholder of the MLT Group Conveyor solutions company, MLT Minet Lacing Technology, based in Saint-Chamond, France, has announced that one of its CEOs, Frédéric Guillemet, was leaving the company and confirmed that his co-partner, Patrick Vericel, will stay on as the majority shareholder. Founded in 1947, the company was acquired in 2017 by Patrick Vericel and Frédéric Guillemet, who each owned 50 per cent of it. Four years later,... |
CRH reports 7% sales growth in 1Q2326 April 2023, Published under Cement NewsCRH has reported a “positive start” to the year with 1Q23 sales up seven per cent YoY across the group. Americas Materials Solutions saw a 10 per cent advance in sales in the 1Q23, compared to the same period in 2022, driven by robust pricing which more than offset the impact of unfavourable weather during the quarter. Essential Materials saw a 15 per cent improvement in sales YoY, while Road Solutions recorded a seven per cent uptick YoY, supported by strong price progression and good und... |
Heidelberg Materials divests its joint venture in Georgia26 April 2023, Published under Cement NewsHeidelberg Materials has completed the divestment of its joint venture in Georgia. The company previously held a 45 per cent stake in CaucasusCement Holding BV, the parent company of HeidelbergCement Georgia Ltd and Terjola Quarry Ltd. Heidelberg Materials sold its share to its long-term joint venture partner Cement Invest BV, an investment company jointly managed and owned by the Georgian Co-Investment Fund and Hunnewell Partners. The joint venture’s scope included two integrated cem... |
Spanish cement demand up 24% in March25 April 2023, Published under Cement NewsCement consumption in Spain increased 23.5 per cent YoY to 1.4Mt in March 2023, according to Oficemen. The significant market growth in the third month was attributed to the low base noted in March 2022 a transport strike impacted cement deliveries. In terms of external trade, exports increased 1.7 per cent YoY to 506,610t in March 2023 from 498,329t. Imports fell by 75.5 per cent YoY to 44,864t. January-March 2023 The latest monthly advance in cement consumption has resulted in total c... |
Hoffmann Green has a busy start to 2Q2325 April 2023, Published under Cement NewsHoffmann Green Cement Technologies has announced a number of major achievements at the start of the 2Q23. Firstly, it has extended its contract with GCC until the end of 2025. GCC, one of France’s leading construction companies, first signed a contract with Hoffmann Green in 2020 but has now extended this by two years. “This partnership extension demonstrates the successful collaboration in the realisation of innovative and responsible construction projects based on Hoffmann Green clink... |
Holcim reports 8% organic growth in 1Q2324 April 2023, Published under Cement NewsHolcim has reported organic sales growth of eight per cent to CHF5725m (US$6401m) in the first quarter of 2023. Over the same period, recurring EBIT came in at CHF493m, marking 12 per cent organic growth. “ This profitable growth was led by strong performances across our building materials businesses. Our teams continued our fast-paced execution, with 12 value-accretive acquisitions, including Duro-Last, completing our range of flat roofing systems. With strong underlying trends acros... |