Cement News tagged under: western Europe
Cimsa buys into UK and Irish building material markets30 August 2024, Published under Cement NewsThis week, Cimsa (Sabanci Group) has made an agreement to acquire Mannok in Ireland in a EUR330m deal. With this acquisition, the Turkiye-based cement producer will increase its European operations in the cement sector and follows on from its expansion in Spain and the USA. The decision to enter the UK and Irish markets is part of Cimsa's broader strategy to transition from a cement producer to a 'building materials company', as well as to make the jump from 'local to global producer' and r... |
Titan's credit rating improves27 August 2024, Published under Cement NewsTitan Cement International announces the upgrade of its long-term issuer credit rating by S&P Global Ratings by one notch from BB positive outlook to BB+ stable outlook, reflecting the solid operating performance in the last two years and during the 1H. Credit rating upgrade confirms Titan’s ongoing capability to finance its 2026 Green Growth Strategy. Following this upgrade, Titan Cement International’s issuer credit rating and issued by Titan Global Finance UK plc are both rated with... |
Betolar granted CEM III/B accelerator patent23 August 2024, Published under Cement NewsThe materials technology company Betolar Plc has been granted a patent in Finland for an accelerator developed for the standard CEM III/B cement mixture. This innovation accelerates the early strength development of low-carbon concrete. This factor is crucial for the manufacturing efficiency of concrete elements and products. The challenge with low-carbon cement mixtures lies in achieving sufficient early strength development, as there has not been an effective accelerator available. The ... |
FLSmidth & Co Group reports declining revenue in its 2Q24 interim report15 August 2024, Published under Cement NewsIn the 2Q24 FLSmidth's group revenue decreased by 23 per cent (-20 per cent if excluding currency effects and effects from divestments). Gross profit increased by five per cent to DKK1579m (US$233m), compared to DKK1497m in the 2Q23, corresponding to a gross margin of 31.8 per cent. The gross margin reflects good execution of higher-margin orders as a result of FLSmidth's de-risking strategy, partly offset by the lower revenue, says teh company. Excluding transformation and separation cost... |
Alpacem launches EUR50m Wietersdorf modernisation project14 August 2024, Published under Cement NewsAlpacem has announced a EUR50m plant modernisation project at its Wietersdorf cement plant in Austria. The project includes a new grinding plant that could save up to 21,000tpa of CO 2 and reduce electricity consumption. The project is scheduled for completion by 2027. Alongside the modernisation, the company plans to construct a new cement silo plant in the Görtschitztal valley, which will be directly connected to the railroad. Alpacem has an ambitious target to be carbon neutral by... |
Vicat to construct housing and office project on site of Olympic village13 August 2024, Published under Cement NewsOn the completion of the 2025 Summer Olympic Games and Paralympic Games, the athlete's village that housed 9000 people will be converted by Vicat into a residential and professional district. This will bring together more than 2800 new housing units, a student residence, a hotel, two new school groups, as well as 6ha of green spaces including a public park in the heart of the district. In addition, the new site will has space for 120,000m² of activities, offices and services that c... |
FLSmidth preliminary and unaudited 2Q24 and 1H24 results12 August 2024, Published under Cement NewsFLSmidth has announced preliminary and unaudited financial results for the 2Q24 and 1H24. Consolidated group revenue totalled DKK5bn (US$729.9m) in the 2Q24 and DKK9.8bn in the 1H24. Cement revenue reached DKK1.1bn in the 2Q24 and DKK2.3bn in the 1H24. Adjusted EBITDA margin for cement equalled 9.6 per cent in the 2Q24 and 8.6 per cent in the 1H24. The updated Adjusted EBITA margin guidance for cement reflects a better-than-expected impact from the implementation of the service-oriented bu... |
Buzzi sees weak regional volume performance in 1H2407 August 2024, Published under Cement NewsBuzzi Spa signalled that unfavourable weather conditions and falling sales contributed to regional performances being slightly down in the 2Q24, leading to lower cement volumes in the 1H24. Cement and ready-mix concrete sales in Italy declined in the first six months of 2024 by 5.9 per cent and 6.4 per cent, respectively, due to the abundant rainfall across the country during the spring months. Net sales in Italy came in at EUR414.4m, down 2.3 per cent from EUR424.1m in the 1H23. EBITD... |
Mannok improves ESG data collection06 August 2024, Published under Cement NewsMannok in UK and Ireland has installed SustainIQ to enhance its sustainability efforts and to streamline its environmental social governance (ESG) reporting. The installation will also provide Mannok Cement with a better understanding of its scope 3 supply chain emissions. SustainIQ will enable Mannok to enhance its overall sustainability efforts and raise awareness of its importance across the company. It will streamline the ESG reporting by automating the data collection process ... |
Growth for Italian cement in May02 August 2024, Published under Cement NewsItalian cement output rebounded in May with growth of five per cent YoY. This follows a decline of two per cent YoY in April, according to the latest data from Italian concrete association, Federbeton. In year-to-date terms, cement output rose two per cent YoY in the January to May period. This is up on the seven per cent YoY contraction recorded in the same period of 2023. Import and export data, which lag production data, show grey cement imports jumped 78 per cent YoY to 243.268t in... |