Cement News tagged under: western Europe
Italy’s cement supply declines 13% in May, but prices see 13% increase02 August 2023, Published under Cement NewsCement production in Italy fell by 13 per cent YoY in May 2023, according to the national construction chamber, Federbeton. When compared with the 2015 base index, the output value increased from 90 in April 2023 to 93 one month later. Cement prices increased 13 per cent YoY in May 2023, following a 27 per cent YoY rise in April 2023. Compared with the 2015 base index, prices edged up from 208 in April 2023 to 209 in May 2023. External trade Grey cement imports saw a 13 per cent YoY dr... |
WCA welcomes OneStone Consulting as an Associate Corporate Member01 August 2023, Published under Cement NewsThe World Cement Association (WCA) is welcoming OneStone Consulting, a management consulting firm with global reach, as an Associate Corporate Member. Recognising the importance of environmental responsibility, OneStone Consulting guides cement companies toward implementing sustainable practices and advancing circular economy initiatives that reduce carbon footprints and promote growth and improved profitability. “OneStone Consulting’s wide ranging expertise will be valuable to WCA’s ... |
Breedon on track to build on 2022 results28 July 2023, Published under Cement NewsThis week Breedon Group Plc announced its 2022 annual financial results and posted an impressive revenue increase of 11 per cent YoY. The British building materials company stated: "Our cement plants in GB and Ireland enjoyed their most successful year ever." Breedon stresses that the outlook for the cement market remains positive, underpinned by large infrastructure projections in the UK. This is the despite cement volumes falling by nine per cent to 2.2Mt during 2022 from the elevated 2.4... |
Heidelberg Materials increases revenue by 5% in 1H2328 July 2023, Published under Cement NewsHeidelberg Materials reports that its r evenue rose by 5.3 per cent in the 1H23 to EUR10,473m (previous year: EUR9950m). Excluding scope and currency effects, the increase amounted to 8.5 per cent. Operating EBITDA reached EUR1787m up from EUR1525 in the 1H22 and EBITDA margin grew by 17.1 per cent in the 1H23 compared to 15.3 per cent in the 1H22. Operating EBIT totalled EUR1189m in the 1H23 up from EUR980m in the 1H22 or up 37.5 per cent LfL. “We have closed the first half of 20... |
Joint venture announces raw clay low-carbon cement plant28 July 2023, Published under Cement NewsOnly a few months after its creation, the Borda Occitanie joint venture of Vicat and Materrup has announced the start of a project to build a low-carbon cement plant based on raw clays in Carbonne in Haute-Garonne, southwest France, to produce 60,000tpa of cement named MCC1. The raw clay used comes from the circular economy with the recovery of quarry co-products. Developed by Materrup and qualified then assessed by Vicat R&D experts, MCC1 © Occitanie has the same technical charact... |
CEMEX grows sales by 10% in 2Q2328 July 2023, Published under Cement NewsCEMEX has reported its 2Q23 results with a 10 per cent growth in sales to US$4566m, a 29 per cent increase in operating EBITDA to US$961m, and an EBITDA margin expanding by 3.3 percentage points to 21.1 per cent. With these results, CEMEX is close to its goal of recovering 2021 margins, set in 2022 in response to unprecedented inflation. Net sales in Mexico increased 14 per cent in the 2Q23 to US$1298m, while operating EBITDA increased nine per cent to US$399m. EBITDA margin declined 1... |
Holcim reports 1H23 organic net sales up 7%27 July 2023, Published under Cement NewsHolcim saw its net sales decline by 11 per cent YoY to CHF13,067m in the 1H23, but organic net sales expanded by 7.4 per cent over the same period, reports the Swiss-based building materials group. “Growth reflects the strengthened earnings profile of the Group as it moves its portfolio towards businesses with superior growth and profitability,” said the group in a statement. The company invested CHF1800m in the 1H23 in the acquisition of 18 companies, including CHF1.300m for eight acquisi... |
Titan Group announces 1H23 consolidated sales of EUR1229m27 July 2023, Published under Cement NewsTitan Group ’s consolidated sales for the H123 surpassed the EUR1.2bn (US$1.335bn) level, reaching EUR1229m, increased by 18.7 per cent versus the 1H22. EBITDA increased to EUR241.2m compared with EUR136.3m in the 1H22, an increase of 77 per cent, with profitability margins expanding, as investments implemented during the last two years are progressively improving cost performance. Group EBITDA over the past 12-month period (July 2022-June 2023) reached EUR436m. Net profit after taxes a... |
Cementos Molins posts revenues of EUR705m in 1Q2327 July 2023, Published under Cement NewsCementos Molins has announced its financial results for the 1Q23. Revenues reached EUR705m, up 16 per cent compared to the 1Q22. The company has also improved sales across all businesses and regions, driven by both volume and selling prices. On a LfL basis, revenues rose by 30 per cent. EBITDA reached EUR179m, a 36 per cent increase compared to the same period of 2022. This improvement is primarily due to the positive impact generated by higher volumes, as well as the company’s efficien... |
BGF invests GBP3.4m in Nuada CCUS technology27 July 2023, Published under Cement NewsBGF, one of the largest and most experienced growth capital investors in the UK and Ireland, has invested GBP3.4m (US$4.37m/EUR3.76m) in Nuada (formerly MOF Technologies), a UK-based company that is redefining the capture of CO 2 from foundational and hard-to-abate industries. Nuada is working with leading cement manufacturers ( Buzzi SpA , Heidelberg Materials and Cementir Holding ) and is currently deploying a first-of-a-kind plant at Buzzi SpA's Monselice plant in northern I... |