Cement News tagged under: western Europe
Vicat reports 13% rise in 1H sales but rising energy costs affect EBITDA28 July 2022, Published under Cement NewsVicat reported a 12.5 per cent increase in first-half sales to EUR1755m (US$1790.6m) in the January-June 2022 period when compared with the 1H21, when sales reached EUR1560m. At constant scope and exchange rates, the advance was 14.5 per cent. However, in the 1H22 EBITDA declined by 10.4 per cent YoY (9.8 per cent at constant scope and exchange rates) to EUR269m from EUR300m in the 1H21. The EBITDA margin retreated to 15.3 per cent from 19.2 per cent in the year-ago period. The company... |
Materials Processing Institute leads GBP6.5m zero emission project28 July 2022, Published under Cement NewsThe Materials Processing Institute (MPI) is leading a major GBP6.5m (US$7.83m) project to develop the world’s first zero emission cement on an industrial scale. The Cement 2 Zero project will focus on the technical and commercial aspects of this breakthrough development, which will bolster green steelmaking, while eliminating the carbon emissions associated with the manufacture of clinker in cement kilns. The project aims to create cement clinker using electric arc furnaces (EAF), which p... |
Holcim reports on record results in 1H2227 July 2022, Published under Cement NewsHolcim has reported record sales on CHF14,681m (US$15,273m) in the first half of 2022, marking a 16.9 per cent increase YoY, driven by sales growth in all segments. Net sales in the second quarter alone were up 13.6 per cent YoY to CHF8240m. Record recurring EBIT was also seen in the 1H22, coming in at CHF2173m, up 9,6 per cent YoY. This was attributed to a robust improvement in profitability in the company's Solutions & Products segment and strong recurring EBIT margin expansion in North ... |
Breedon Group reports revenue of GBP671m in 1H2227 July 2022, Published under Cement NewsBreedon Goup's interim 2022 results saw revenue reach GBP671.1m (US$809.1m) up 12 per cent from GBP600.9m in 1H21. EBIT totalled GBP65.5m, up 22 per cent from GBP53.7m, and profit before tax totalled GBP59.5m, up 29 per cent from GBP46.2m. Breedon explained that approximately 20 per cent of the group’s revenue originates from residential construction where housing markets in both GB and Ireland are structurally under-invested and have robust order books. The industrial sector also offers ... |
Spanish 1H22 cement demand stable, exports down25 July 2022, Published under Cement NewsCement consumption in Spain remained stable in June, registering a -0.1 per cent slip when compared to June 2021, according to the Spanish cement association, Oficemen. In the first six months of 2022, demand increased by 2.5 per cent to 7,487,569t, but exports were down 21 per cent YoY to 2,908,877t. Going forward, Oficemen expressed concern about the economic context of rising interest rates and high inflation, indicating a possible recession. In addition, it appealed to the governme... |
Sika sees sales advance 18% YoY in 1H2225 July 2022, Published under Cement NewsSika has reported an 18 per cent YoY increase in sales to CHF5250.3m (US$5424m) in the first half of 2022. In local currencies this equates to growth of 19.5 per cent. Operating profit (EBIT) over the same period advanced by 22.7 per cent YoY to CHF841.9m with a record EBIT margin of 16 per cent. According to the company, higher input costs due to a substantial rise in the cost of raw materials were offset by price increases, despite the difficult geopolitical and macroeconomic environment. ... |
CEMEX to buy clean energy from Acciona for Spanish operations25 July 2022, Published under Cement NewsCEMEX will purchase clean energy from energy supplier Acciona to power its cement operations in Spain, according to the cement company. The purchase agreement ensures supply of green energy to cover 30 per cent of the cement producer’s requirements in Spain. "This agreement shows our commitment to our clean energy transition, adding to the success of similar agreements in other geographies," said Sergio Menéndez, president of CEMEX Europe, Middle East, Africa and Asia. CEMEX also sees it... |
Secil launches Concrete Verdi Zero22 July 2022, Published under Cement NewsSecil has launched Concrete Verdi Zero, the first concrete with zero CO₂ emissions in Portugal, an innovative and sustainable product that meets the objectives of achieving carbon neutrality in the cement industry by 2050 and the necessary decarbonisation of the construction sector. “With the launch of Verdi Zero concrete, Secil takes a step forward in the construction of a more sustainable future, with buildings and infrastructures that are less carbon-intensive and have less im... |
Carbon Clean awards contract to KBR for Rüdersdorf Carbon capture project20 July 2022, Published under Cement NewsCarbon Clean has awarded a Front End Engineering Design (FEED) contract to global engineering experts, KBR, for a groundbreaking carbon capture project at CEMEX ’s Rüdersdorf plant in Germany. KBR will provide FEED services for the initial stage of the project which aims to develop and deploy Carbon Clean’s CycloneCC breakthrough modular carbon capture technology, to initially capture 100tpd of CO 2 at the plant. The captured CO 2 will be combined with green hydrogen to produce synth... |
Holcim secures EU investment in CCUS projects19 July 2022, Published under Cement NewsHolcim has secured investment from the European Union Innovation Fund in its carbon capture, utlisation and storage (CCUS) projects in Germany and Poland. The funding will support Carbon2Business, part of the Westküste 100 project in Germany, where carbon is captured from the Lägerdorf cement plant before being converted into synthetic fuel. The EU is also investing in Holcim's Go4ECOPlanet project in Poland, which aims to capture CO 2 from Holcim 's site in Kujawy before storing it of... |