Cement News tagged under: western Europe
CRH reports 8% sales growth in 9M2321 November 2023, Published under Cement NewsCRH has posted sales of US$26.3bn for the first nine months of 2023, up eight per cent on the same period a year earlier. EBITDA in the 9M23 has come in at US$4.8bn, marking a 14 per cent YoY advance, while the EBITDA margin has expanded by 100bps to 18.1 per cent. According to the company, the positive momentum seen in the first half of the year continued into the third quarter, underpinned by strong commercial progress and positive underlying demand across key end-use markets. Sales ... |
Can Germany's construction sector avoid collapse?17 November 2023, Published under Cement NewsThis week the Financial Times cited that the growing collapse in the German housebuilding sector could spread through the wider economy. Germany's construction sector has plummeted since January 2023, dropping 47 per cent for newbuilds compared with the average in the last two years, despite Chancellor Olaf Scholz's annual build target of 400,000 flats. A 14-point action plan by the federal government may not be enough to stimulate the construction sector quickly enough to prevent the IMF fr... |
Holcim US rebrand reaches Atlanta17 November 2023, Published under Cement NewsHolcim US has announced that the expansion of its rebrand has now touched down in Atlanta, Georgia, one of its major cement distribution markets. The transition will see the company refresh its branding and renew its commitment to sustainability as part of the global focus on becoming a net-zero company. With cement terminals in Cartersville, Duluth and Covington, Georgia, the rebranding initiative reinforces Holcim’s dedication to the Metro Atlanta area and Southern region, according ... |
Cementos Molins signs sustainability-linked loan16 November 2023, Published under Cement NewsCementos Molins of Spain has signed a second novation of its sustainable syndicated financing, which was originally formalised in 2019 with a first novation completed in 2021. This second continues to be classified as a "sustainability-linked loan" and extends the maturity by another two years until December 2028, maintaining the amount to EUR300m divided between a term loan of EUR75m and a revolving credit facility of EUR225m. All other terms and conditions also remain unchanged. The ... |
Holcim exits Uganda and Tanzania15 November 2023, Published under Cement NewsHolcim has signed agreements to divest its businesses in Uganda and Tanzania. It has agreed to sell Hima Cement Ltd , its local subsidiary in Uganda, to the Sarrai Group, for an enterprise value of US$120m. Holcim has also agreed to sell its 65 per cent share in Mbeya Cement Co Ltd in Tanzania to Amsons Group for an undisclosed sum. Completion of both transactions is subject to obtaining the respective regulatory clearances. Martin Kriegner, regional head Asia, Middle East and A... |
Materials scientists call for wider adoption of low-carbon cement15 November 2023, Published under Cement NewsConvening at a symposium in Paris hosted by Ecocem , Europe’s leading low-carbon cement technology business, scientists shared latest research papers on low-carbon cement technologies, and focussed on ideas and materials which can accelerate decarbonisation of the sector. The meeting called for the cement and construction sectors to urgently adopt low-carbon cement technologies to radically reduce CO 2 emissions. The scientists concluded that adopting the latest developments in low-c... |
MPS urges UK government to invest15 November 2023, Published under Cement NewsAhead of the UK Government’s Autumn Statement on 22 November 2023, the Mineral Products Association (MPA) has written to the chancellor of the exchequer, Jeremy Hunt, urging the government to invest in Britain’s infrastructure rather than accepting a managed decline. Prompted by the government’s decision to cancel Phase 2 of the rail project, HS2, compounding already poor delivery of UK infrastructure projects (including Road Investment Strategies 1 and 2), the MPA’s letter sets out h... |
CRH and Volvo collaborate on net zero15 November 2023, Published under Cement NewsCRH and Volvo Group have signed a Memorandum of Understanding (MoU) to accelerate net-zero innovations in the design and deployment of on-road vehicles and off-road equipment used in the construction industry. According to the companies, the MoU will focus on next-generation technology deployment, scaling cutting-edge technology, and operational efficiency. Both companies are on ambitious journeys to reduce emissions. Volvo Group’s target is to have 35 per cent fully-electric sales by... |
FLSmidth's group revenue rises 2% in 3Q2313 November 2023, Published under Cement NewsFLSmidth's consolidated group revenue increased by two per cent in the 3Q23 compared to the 3Q22. Adjusted for integration costs of DKK119m (US$17m), the EBITA margin was 10.1 per cent in the 3Q23. Including integration costs, the EBITA margin was eight per cent in the 3Q23 compared to 5.9 per cent in the 3Q22. Excluding the AFT divestment gain, the underlying EBITA margin was 6.3 per cent. The Non-Core Activities (NCA) divestment to KOCH Solutions had no material impact on EBITA for the qua... |
Lafarge Africa reduces CO2 emissions through AF use10 November 2023, Published under Cement NewsLafarge Africa has reduced is CO 2 emissions from 595kg CO 2 /t in 2021 to 574kg CO 2 /t in 2022 through the use of alternative fuels and energy-efficient technologies. According to the company’s 2022 Sustainability Report, its global thermal substitution rate in 2022 stood at 13.5 per cent, compared to 9.4 per cent in 2021, reports This Day. Prince Adebode Adefioye, chairman, Lafarge Africa, said, “I am delighted to present Lafarge Africa Plc’s latest Sustainability Report, highligh... |