Cement News tagged under: western Europe
Buzzi Unicem reports consolidated net sales of EUR3.22bn for FY2110 May 2021, Published under Cement NewsBuzzi Unicem’s financial statements for the year ended 31 December 2020 reported consolidated net sales came in at EUR3222.4m, virtually unchanged compared to EUR3221.4m in 2019. EBITDA stood at EUR780.8m (EUR728.1m in 2019). The income statement reported a consolidated net profit of EUR560.2m versus a profit of EUR385.7m in 2019. As at 31 December 2020, net debt amounted to EUR241.6m, down EUR326.2m from EUR567.8m at 2019 year-end. Total equity, inclusive of non-controlling interests, s... |
UK hit by cement shortages07 May 2021, Published under Cement NewsUK contractors and domestic retail buyers are both facing steep prices rises and supply shortages for cement amidst a booming recovery in construction activity. UK distributor, NYEs Building Suppliers, contacted all customers to warn that "there are now issues with cement from all manufacturers. We are working hard every day to maintain supply for our customers but it is tough and will only get worse before we see it get better." Part of the problem has been a disruption to production acti... |
Ecocem Materials announces EUR22.5m equity investment07 May 2021, Published under Cement NewsIreland’s Ecocem Materials has announced an EUR22.5m equity investment by Breakthrough Energy Ventures (BEV) and Breakthrough Energy Ventures Europe. BEV will also nominate a director to the company’s board. The investment will enable Ecocem to bring new ultra-low-carbon cements to the market over the coming years, which will draw on its deep knowledge of slag-based cements and incorporate new materials and technologies developed by the company, according to a press release. "Everyone at E... |
HeidelbergCement sees revenue up 1% in 1Q2106 May 2021, Published under Cement NewsHeidelbergCement has seen its revenue increase 0.7 per cent YoY to EUR3958m for the first quarter of 2021, or up four per cent on a like-for-like basis. The result from current operations before depreciation and amortisation (RCOBD) surged 33 per cent to EUR538m, while the result from current operations rose 280 per cent YoY to EUR233m. "HeidelbergCement has made an excellent start to 2021," said Dr Dominik von Achten, chairman of the Managing Board. "In all group areas, we have once agai... |
Vicat reports 15% YoY surge in sales for 1Q2106 May 2021, Published under Cement NewsVicat Group’s consolidated sales in the first quarter of 2021 reached EUR707m from EUR615m in the 1Q20, up 14.9 per cent on a reported basis and 22.1 per cent at constant scope and exchange rates. The group saw the benefits of a highly favourable base comparison in the first quarter given the impact of the pandemic and the government measures taken to address it in March 2020 and more generally during the first six months of 2020. However, the first-quarter performance not only exceeded tha... |
Cementir sees 49% rise in EBITDA for 1Q2106 May 2021, Published under Cement NewsCementir Holding has reported a 12.6 per cent YoY increase in group revenue to EUR300.5m for the first quarter of 2021, compared to EUR266.9m in the 1Q20. EBITDA rose 49.4 per cent YoY to EUR48.1m from EUR32.2m, while its EBITDA margin advanced to 16 per cent from 12.1 per cent. "In the first quarter of 2021, the group reported results above our expectations, with revenues up by over 12 per cent, EBITDA by 49 per cent and EBIT by over 300 per cent compared to the same period of 2020. Thes... |
LafargeHolcim makes Greek acquisitions05 May 2021, Published under Cement NewsGreece-based Heracles Group (LafargeHolcim) has signed an agreement with HeidelbergCement’s Halyps subsidiary, which will see Heracles acquire its aggregates business and two ready-mix concrete plants in Athens, Greece. The acquisition will strengthen the company’s position to support Athens’ thriving metropolitan area and key infrastructure projects with sustainable building solutions, according to a press release. This is LafargeHolcim’s fifth bolt-on acquisition in 2021. "I am excited ... |
Hoffmann Green Cement Technologies signs Swiss contract05 May 2021, Published under Cement NewsFrance-based Hoffmann Green Cement Technologies announced the signing of its first international contract with a Swiss player, the Maulini Construction Group. From 2021, Hoffmann Green will supply the Maulini group with its clinker-free low-carbon cement based on its H-UKR technology to enable it to undertake major construction work in Switzerland, including the Chêne-Blanc project, a six-villa real-estate project in Onex, just outside Geneva. The first pours of concrete made from Hoffmann... |
CRH releases 1Q21 trading update28 April 2021, Published under Cement NewsCRH has released a trading update ahead of its annual general meeting, which takes place tomorrow. The company has seen sales rise three per cent on a like-for-like basis in the first quarter of 2021, on the back of strong underlying demand and pricing progress across its key markets. "We had a positive start to the year in a seasonally quiet period for our business with good underlying demand and pricing progress across our key markets. While near-term uncertainties remain, we expect firs... |
Swiss cement industry targets carbon neutrality by 205028 April 2021, Published under Cement NewsThe Swiss cement industry aims to become climate neutral by 2050. To achieve this, the Swiss cement association, Cemsuisse, has published its “Roadmap 2050: Klimaneutraler Zement as Ziel” [Climate-neutral cement as a goal] report. A key pathway would be the availability of carbon capture, utilisation and storage (CCUS) systems. While Cemsuisse members were already involved “in various projects in different stages of development”, the industry association said that “However, none of our memb... |