Cement News tagged under: europe
CEMEX reveals strategy for EBITDA growth22 March 2024, Published under Cement NewsCEMEX has outlined its strategy to achieve high single-digit EBITDA growth in the medium term. According to the company, since 2020 it has focussed on rebalancing its portfolio towards the US, increasing its percentage of EBITDA contribution from 24 to 29 per cent. CEMEX now intends to increase this to 40 per cent by expanding its growth capex and investing divestment proceeds to the region. Speaking at an investor day in New York, Fernando A González, CEO at CEMEX, said that the focus... |
Slow recovery for Europe's construction and infrastructure23 February 2024, Published under Cement NewsAs government economic stimulus packages for dealing with COVID gradually faded out in 2023, Europe's construction and infrastructure sector witnessed a fall in demand and saw the collapse of many developers. Although inflation is set to decline, aleviating the cost of building materials, analysts CIC-Market Solutions still expect construction output in Europe to have declined by 2.8 per cent in 2023 with a further 2.7 per cent drop forecast in 2024. And while the sector sees demand slipping... |
NeoCem to build 100,000tpa calcined clay plant23 February 2024, Published under Cement NewsFollowing four years of research NeoCem will install the company's first calcined clay production line in Saint-Maximin, near Senlis, France. The facility will have a capacity of 100,000tpa. To produce the cement, the company will use a flash calcination process, whereby the clay is crushed, dried and heated to 750˚C. It is then mixed with clinker and limestone and no longer needs to be reheated, according to Christophe Deboffe, founder and president of NeoCem and its parent, Neo-Eco group... |
WCA launches CBAM communication campaign19 February 2024, Published under Cement NewsThe World Cement Association (WCA) is working to support the roll-out of the EU’s Carbon Border Adjustment Mechanism (CBAM) by joining its stakeholder communication campaign. The goal of the CBAM communications campaign is to inform, explain and facilitate information about CBAM, namely its reporting requirements, methodologies for calculating emissions and how the CBAM transitional registry works. The WCA recognises the importance of providing its members with the necessary tools and res... |
Germany cement contracts as conditions worsen19 January 2024, Published under Cement NewsAs Germany's economy faces its worst economic slump in recent times, the domestic construction sector has little to look forward to this year as investments and output shrink under pressure. Data released last week shows that Germany's pre-adjusted GDP fell by 0.3 per cent in 2023 in an environment that continues to be marked by multiple crises, according to national statistics office, Destatis. Despite recent declines, prices remained high at all stages in the economic process and put a da... |
Red Sea crisis on Pakistan’s cement industry18 January 2024, Published under Cement NewsPakistan closely monitors the Red Sea crisis as it could disturb the movement of cement export cargoes to the USA and Europe as well as affect coal imports at Pakistani ports. It is also feared that any trade re-route would spark new inflation and supply chain disruption worldwide and in Pakistan. IMS Research, in a situation review report, warned that escalating tensions in the Middle East have begun to exert a notable influence on global trade, with Yemeni Houthi actions targeting commerc... |
CEMEX Poland agrees renewable energy contract with Statkraft15 November 2023, Published under Cement NewsCEMEX Poland has entered into a long-term contract with Statkraft for the supply of green electricity from renewable sources, which is confirmed and secured by the purchase of a Guarantees of Origin (GOs). The contract is based on the Corporate Power Purchase Agreement (CPPA) formula and covers energy supplies over a period of eight years starting 1 January 2025. The signed contract is expected to secure about 30 per cent of the annual energy needs of CEMEX Poland's plants. Energy su... |
Suggested changes to EU's Net Zero Industry Act spark concern10 November 2023, Published under Cement NewsThis week CEMBUREAU issued an urgent call for action to the European Parliament to maintain the ambitious CO2 storage target that the EU set out in March 2023 in the EU Net Zero Industry Act (NZIA), after changes to the initial draft were recently suggested by the ENVI Committee. The proposed Act is seen as an EU response to the US Inflation Reduction Act (IRA), designed to establish a framework to achieve industrial decarbonisation in Europe. The draft NZIA set an ambitious storage ... |
Titan announces 14% sales rise in 9M2310 November 2023, Published under Cement NewsTitan 's group sales in the 9M23 increased by 14 per cent to EUR1892m YtD driven by increased volumes in all its regions and by solid pricing levels. Group EBITDA reached EUR397m YtD, up by 72 per cent as the group’s margins restored. Net profit more than doubled in the YtD to EUR198m. The group’s nine-month 2023 net profit after taxes and minority interests (NPAT) more than doubled, reaching EUR197.6m, compared to the EUR89.1m recorded in the same period in 2022. Growth-oriented capital... |
Implications of EU's call to ban climate-neutral offsetting06 October 2023, Published under Cement NewsThe EU institutions finalised a new law on 19 September 2023 to enact a sweeping ban to combat erroneous claims of sustainability. Companies will be prevented from 'greenwashing', a term used to describe the practice of making misleading claims about a product's climate friendliness. Gilles Dufrasane, policy lead at Carbon Market Watch, says: "The EU is sending a powerful signal to the voluntary carbon market: the era of offsetting is over." What does this mean for the cement sector? For ... |