Cement News tagged under: western Europe
Cementir Holding is given a BBB investment rating by Standard and Poor27 May 2021, Published under Cement NewsStandard & Poor's rating agency announced that it had assigned Cementir Holding NV an Issuer Rating of “BBB- with Stable Outlook”. The attribution of an investment grade rating is the culmination of a process that began several years ago, which saw Cementir significantly diversify its business and product portfolio, allowing it to achieve considerable stability in results, even during the recent pandemic crisis. During 2020 Cementir Holding improved its profitability and further re... |
Heracles reports static turnover of EUR188.5m in 202026 May 2021, Published under Cement NewsHeracles Group of Companies ’ (LafargeHolcim group) turnover in Greece remained almost unchanged in 2020 compared to 2019 when the company first returned to profitability after 10 years . It reached EUR188.5m in 2020 compared to EUR188.8m in 2019. The company’s EBITDA increased by 36 per cent to EUR35.5m in 2020 compared to EUR26.1m in 2019 and net earnings increased by 109 per cent to EUR9.6m in 2020 compared to EUR4.6 m in 2019. Investments in tangible and intangibl... |
Cemex releases new low-carbon cement to European market26 May 2021, Published under Cement NewsAs part of its innovative Vertua ® low-carbon product portfolio, Cemex España has launched its new high-performance grey cement type II 52.5 R to the European cement market This cement has been tailored to provide superior performance to the precast and infrastructure segment by providing early strength such as that obtained by Type I cement but with ~20 per cent lower direct CO 2 emissions, says Cemex. The new cement is part of Cemex’s “Future in Action” climate strategy, which aim... |
Spanish cement consumption advances 116% in April19 May 2021, Published under Cement NewsThe cement market in Spain has expanded by 116 per cent YoY to 1.239Mt in April 2021 while demand in the first four months of 2021 increased 24.5 per cent YoY to 4.617Mt, according to the country’s cement association, Oficemen. However, the organisation urges caution as the rise noted in April 2021 is from a low base in April 2020, which saw the lowest sales volume since the start of records 57 years ago. When compared with April 2019, there is a moderate growth of 3.4 per cent. “However... |
EPA approves Mungret alternative fuel licence19 May 2021, Published under Cement NewsThe Environmental Protection Agency (EPA) has finally given the go-ahead to Irish Cement’s EUR10m plan in Mungret in Co Limerick, Ireland, to change its fuel burning practices. Originally, the EPA had granted a licence for the project in September 2019, but local protests and court hearings have delayed the modernisation project. The company now intends to feed used tyres and solid recovered waste to its kiln, which it deems necessary for the future competitiveness of the plant. The Mu... |
FLSmidth receives SBTi validation of its carbon emission targets17 May 2021, Published under Cement NewsFLSmidth has received validation from the Science Based Targets initiative (SBTi) for its carbon emission reduction targets. By implementing its MissionZero programme to achieve these targets, the company will help keep global warming below 1.5°C at the same time as delivering solutions to help reduce global CO 2 emissions by more than 10 per cent – and becoming carbon neutral in its own operations by 2030. Commenting on the targets, CEO Thomas Schulz says: “I truly believe that the g... |
Titan Group records increased 1Q volumes in the US and Greece14 May 2021, Published under Cement NewsTitan's 1Q21 regional results saw strong volume growth in the US, particularly in the Mid-Atlantic region, while the domestic market of Greece also had encouraging results with cement sales increasing on 1Q20. Solid price trends in the US testified to the pent-up demand and a more confident restarting of activity that reflects the economy's robust growth. Demand was stable in Florida, with divergent trends depending on geographies, while even a slow recovery was witnessed in New York, whi... |
Titan Group records revenues of EUR371m in 1Q2113 May 2021, Published under Cement NewsTitan Group's consolidated revenue reached EUR371m, down 3.6 per cent versus the 1Q20, penalised by the weaker US$ and US$-linked currencies, against otherwise solid organic growth trends. Revenue growth was 3.2 per cent in local currencies. EBITDA growth rose to EUR56.1m from EUR40.6m in 2020. In the 1Q21 net profit after taxes and minority interests grew to EUR15.3m, a EUR31m improvement against a EUR15.8m loss in the 1Q20 (which included EUR9m one-off mark to market losses on US$ in... |
Siemens and Schaeffler to cooperate on drive system diagnostics12 May 2021, Published under Cement NewsSiemens and the automotive and Schaeffler have started cooperation on intelligent diagnostics for drive systems. Through this collaboration Siemens combines its IIoT platform Sidrive IQ with Schaeffler’s decades of experience and expertise in designing, manufacturing and servicing bearings. Sidrive IQ integrates a number of functionalities into one seamless solution and augments drive systems with AI-based analytics and digital content. For the customer, this means the ability to make... |
HeidelbergCement opens Quarry Life Award12 May 2021, Published under Cement NewsHeidelbergCement has launched the fifth edition of the Quarry Life Award, its nature-based competition involving more than 20 countries worldwide. Researchers, students, local communities, NGOs and nature lovers from around the world can pitch their ideas for sustainable quarry management, with prizes up to EUR30,000 for the most innovative projects. The Quarry Life Award supports HeidelbergCement and its partners, such as BirdLife International, in raising awareness of biodiversity in gene... |