Cement News tagged under: western Europe
Titan Group reports 9M21 revenues of EUR1.26bn12 November 2021, Published under Cement NewsTitan Group's consolidated revenue for the first nine months of 2021 reached EUR1.26bn, posting a five per cent increase on the 9M20. Revenue growth in local currencies was 10.1 per cent, while EBITDA came under pressure to registering EUR219.6m, a 4.3 per cent decline. Revenue in the USA recorded a 8.7 per cent increase in US dollar terms in the first 9M21, translated into a corresponding increase of 2.1 per cent in euro terms to EUR731.3m. When compared to the 9M20, EBITDA softene... |
FLSmidth sees 22% rise in revenue11 November 2021, Published under Cement NewsFLSmidth has reported a 22 per cent YoY increase in revenue to DKK4660m (US$718.8m) in the third quarter of 2021, compared to DKK3834m in the 3Q20. EBITA advanced 72 per cent to DKK305m from DKK177m, while EBITA margin reached 6.5 per cent from 4.6 per cent. Including currency effects, order intake increased by 15 per cent YoY to DKK4549m against DKK3955m in the year-ago period. “Third quarter saw strong momentum in order intake. In particular for service orders, as activity in the min... |
Sika to acquire MBCC Group11 November 2021, Published under Cement NewsSika has agreed to acquire MBCC Group, formerly BASF Construction Chemicals, from an affiliate of Lone Star Funds for CHF5.5bn (EUR5.2bn). Germany-based MBCC Group is a leading supplier in construction chemicals worldwide with operations in over 60 countries and more than 130 production facilities. In 2021 the group was forecast to generate net sales of CHF2.9bn. According to Sika, the acquisition will compliment and broaden its product and solution offerings in four out of five of its co... |
Holcim commits to 40 per cent sustainable financing by 202410 November 2021, Published under Cement NewsHolcim announces its commitment to reach at le ast 40 per cent of sustainable financing by 2024, putting climate action, water preservation and safety at the heart of its strategy. The company has accelerated this commitment with two new sustainability-linked financing transactions worth above CHF3bn (US$3.28bn). Holcim has joined the UNGC CFO Taskforce, alongside 60 companies representing a combined US$1.7trn in market capitalisation. The taskforce aligns members’ finance strategi... |
Ecocem wins Olympic Athletes' village and Grand Paris Express orders10 November 2021, Published under Cement NewsEcocem is set to provide its new ultra-low carbon cement for two major Paris projects, the Athletes’ Village for summer 2024 and the Grand Paris Express. Ecocem Ultra is an alternative to traditional cement and will significantly reduce the CO 2 footprint of both projects, claims Ecocem. For summer 2024, organisers are aiming to halve the emissions arising in relation to the Olympic Games. Ecocem Ultra is to be used in the construction of the Athletes’ Village, which will be transforme... |
Buzzi Unicem records 9M21 cement sales of 23.4Mt09 November 2021, Published under Cement NewsBuzzi Unicem SpA has reported a 7.5 per cent rise in cement sales volumes in the first nine months of 2021, increasing to 23.36Mt from 21.72Mt. Consolidated net sales stood at EUR2541.7m (US$2938m), up 5.6 per cent against EUR2408m in the 9M20. The unfavourable variances in exchange rates had an impact of EUR85.2m. On a like-for-like basis, turnover would have increased by 9.1 per cent, according to the group. During the summer quarter, the performance of demand was favorable especiall... |
Buzzi Unicem's 9M21 regional results improve in USA and Eastern Europe09 November 2021, Published under Cement NewsThe sales volumes achieved by Buzzi Unicem in the third quarter of the current year showed a positive development in the United States and in Eastern Europe, which more than offsets the partial slowdown observed in Italy, mainly due to a high-base comparison, and a more evident contraction in Germany, also penalised by the unfavourable weather in July. In Italy, in the first 9M21, sales volumes nonetheless stood well above the level reached last year, with prices that confirmed the pos... |
WCA CEO will call for government action to cut CO2 emissions at COP2609 November 2021, Published under Cement NewsUrgent action in three key areas could save around 900Mta of CO 2 annually by 2030, says Ian Riley, World Cement Association CEO. Ian Riley will speak at the Sustainable Innovation Forum (SIF), part of COP26, to outline three key actions governments around the world can take right now that will significantly accelerate the cement and concrete industry’s progress towards net zero and beyond. Riley will tell delegates at COP26 that not only is a net-zero cement industry achievable, new t... |
HeidelbergCement sets 2030 CCUS targets08 November 2021, Published under Cement NewsDr Dominik von Achten, chairman of the Managing Board of HeidelbergCement, has set out HeidelbergCement’s 2030 targets for carbon capture and storage utilisation (CCUS) during a state visit by the German Federal President, Frank-Walter Steinmeier, to Norway on 4-5 November 2021. Dr Dominik von Achten said: “We target CO 2 -reductions of up to 10Mt with several CCUS projects already underway by 2030. One example is the CCS project at the Slite cement plant on the Swedish island of Go... |
Semapa reports 68% climb in profit08 November 2021, Published under Cement NewsPortugal’s Semapa has recorded a net profit of EUR122.2m (US$141.17m) in the first nine months of 2021, up 68 per cent on EUR72.8m in the 9M20. The group’s consolidated turnover rose 4.7 per cent YoY to reach EUR1515.3m, with EUR366.7m contributed by Secil (-3.5 per cent YoY). EBITDA from the cement segment remained largely consistent at EUR107.3m (-0.1 per cent YoY). |