Cement News tagged under: western Europe
Swiss cement dispatches down 3% in 2Q2009 July 2020, Published under Cement NewsCement deliveries in Switzerland fell by 3.3 per cent YoY to 1,138,804t in the second quarter of 2020, according to the latest data published by Cemsuisse, the Swiss cement association."The cement industry was able to ensure the supply of cement despite the coronacrisis," said the association in a statement. The supply of low-carbon CEM II cements, which accounts for 88.7 per cent of demand, is still increasing. The share of CEM I cements in total deliveries fell further to 6.8 per ce... |
HeidelbergCement revaluates business units with impairment test07 July 2020, Published under Cement NewsDue to the COVID 19 pandemic, HeidelbergCement AG has reviewed the business prospects of all significant local business units of the group, and has carried out an impairment test on its asset portfolio in the 2Q20. The audit leads to an impairment of goodwill and tangible fixed assets shown in the consolidated balance sheet totalling around EUR3.4bn (US$3.8bn) before tax. Regionally, the impairments relate mainly to business units in western and southern Europe (UK, France, Belgium, The ... |
Titan Global Finance Plc makes EUR250m notes offering03 July 2020, Published under Cement NewsTitan Global Finance Plc, subsidiary of Titan Cement International SA, has made a EUR250m notes offering that will mature in 2027, with a 2.75 per cent coupon per annum. The orders in the book were above two times the nominal amount of the issue and the application will be made to the Irish Stock Exchange plc, trading a Euronext Dublin. The closing date is set for 9 July 2020. The proceeds of the notes will be used by the issuer to purchase some or all of the EUR300m with a coupon of 3.5 pe... |
University of Seville and FLACEMA sign power cost research collaboration30 June 2020, Published under Cement NewsThe University of Seville and the Andalusian Labour Foundation for Cement and Environment (FLACEMA), Spain, have signed a scientific collaboration agreement to launch an industrial research project into a tool to optimise the electricity cost of cement plants using artificial intelligence (AI). Power accounts for around 18 per cent of total production costs in Spanish cement plants, significantly eroding their competitiveness on the global market. The research, which has seen significant... |
Titan issues notes for general purposes, including bank debt repayment30 June 2020, Published under Cement NewsTitan Global Finance plc, a subsidiary of Titan Cement International SA, is inviting holders of its 3.500 per cent guaranteed notes due June 2021, originally issued in an aggregate principal amount of EUR300m and of which EUR287m remains outstanding, to tender any or all of their notes for purchase by the offeror of cash. The offeror will pay a cash purchase price equal to EUR1016 per EUR1000 in principal amount of the notes validly tendered and accepted for purchase, plus any accrued and un... |
HeidelbergCement highlights achievements and plans in 2019 sustainability report26 June 2020, Published under Cement NewsHeidelbergCement reiterated its sustainability focus on climate protection in its newly-published 2019 sustainability report. By 2030 the company plans to reduce its specific net CO 2 emissions per tonne of cement by 30 per cent compared with 1990. It was the first cement producer to have Science-Based Targets initiative (SBTi)-verified CO 2 reduction targets. Progress to date has seen these emissions fall by 22 per cent and HeidelbergCement reduced its specific net CO 2 emissions to 589... |
Isidoro Miranda elected new FLACEMA president26 June 2020, Published under Cement NewsLafargeHolcim’s general director in Spain, Isidoro Miranda, will succeed Pedro Carranza as president of the Andalusian Labour Foundation for Cement and the Environment (FLACEMA), Spain. Mr Miranda was formerly president of the Spanish cement association, Oficemen, and is currently vice president of CEMBUREAU, the European cement association. He replaces Pedro Carranza, CEO of Cementos Portland Valderrivas, who took office in June 2019. Mr Miranda started his professional career at Lafarg... |
Titan posts rise in 5M EBITDA26 June 2020, Published under Cement NewsTitan Group reported a drop in consolidated revenue by 2.1 per cent to EUR641.8m in the January-May 2020 period, following a 6.1 per cent growth in the 1Q20 and a subsequent slowdown in April and May during the peak of the coronavirus pandemic. However, EBITDA rose by 5.5 per cent to EUR97.3m thanks to a reduction in costs, mainly due to lower fuel costs. Titan's net profit after taxes and minorities was down 9.1 per cent YoY to EUR3.5m. With construction considered an essential activity ... |
Vicat sees improved activity in May24 June 2020, Published under Cement NewsFrance-based cement producer Vicat has provided an update of business levels in May, noting a marked improvement when compared with market performance in March and April. In France business activity has been improving steadily since the low point of mid-March and by the end of May, the level was slightly lower than that recorded in the year-ago period. Switzerland also continues to perform well. The challenging macroeconomic and competitive environment in Turkey and Egypt continue to aff... |
Spain’s demand for cement contracts 18% in May23 June 2020, Published under Cement NewsCement consumption in Spain has fallen 17.8 per cent YoY to 1.144Mt in May as construction works halted in April due to the COVID-19 pandemic, according to Oficemen, the country’s cement association. However, cement exports increased 11 per cent YoY while imports fell 55.6 per cent YoY. In May output from domestic cement plants. declined 5.6 per cent YoY to 1.4Mt, when compared with 1.5Mt of cement manufactured in May 2019. January-May 2020 In the year to date, cement production droppe... |