Cement News tagged under: western europe
CRH sees 11% YoY increase in sales23 November 2021, Published under Cement NewsCRH’s cumulative nine-month sales to the end of September reached US$22.8bn, an increase of 11 per cent YoY and ahead seven per cent on a like-for-like basis. EBITDA was up 15 per cent YoY to US$3.9bn while EBITDA margin was up 50bps to 17.1 per cent. Third quarter sales remained ahead of the prior year across all divisions, with good demand in key markets. Americas Materials was primarily driven by improved pricing as volume growth was impacted by inclement weather, while Europe Material... |
Vicat to invest EUR800m to meet 2030 climate targets19 November 2021, Published under Cement NewsThis week, Vicat held a meeting at L'Isle d'Abeau on the company's climate strategy. The French producer has been describing how it will meet its 2030 and 2050 emission targets throughout its value chain in building materials. Vicat reports that just to meet its 2030 objectives it will need to invest an estimated EUR800m. Capex investment of this magnitude will be shared with clinker factor and activated clay investment accounting for 30 per cent of the budget, fuel substitution representi... |
Cementa obtains 1-year mining permit19 November 2021, Published under Cement NewsSweden’s government has given Cementa (HeidelbergCement) permission to continue its limestone mining for another year after the previous permit expired on 31 October 2021. The new permit is valid until and including December 2022 and was granted to avoid the risk of acute cement shortage in Sweden. “It is positive that the government has considered the application and given Cementa a temporary permit. That it was about a year's permit instead of the three years we applied for will, however... |
Holcim announces its Strategy 202518 November 2021, Published under Cement NewsHolcim has announced its “Strategy 2025 – Accelerating Green Growth” to become the global leader in innovative and sustainable building solutions, following the group’s achievement of Strategy 2022 one year in advance. With “Accelerating Green Growth,” it is seeking to achieve profitable growth across all its businesses. As part of this it is expected to accelerate the expansion of its Solutions & Products business to reach 30 per cent of group sales, with this achieved through strategic i... |
Cement consumption in Spain up 10% in October17 November 2021, Published under Cement NewsSpanish cement demand has expanded by 10.1 per cent to 1,302,750t in October 2021, according to data from Oficemen. In the January-October 2021 period domestic cement consumption advanced 12 per cent YoY to 12.458Mt. "The figures for October bring us closer to the end of the year in which we could recover the volume of pre-pandemic consumption for 2019, in line with what was already indicated in September,”said Oficemen President, José Manuel Cascajero. However, exports declined 14.2 per ... |
Carbon8 appoints chief engineer17 November 2021, Published under Cement NewsCarbon8 System has appointed David Clemmitt as its chief engineer. David will be responsible for leading the engineering direction and execution of Carbon8 Systems’ Advanced Carbonation Technology (ACT) across global markets. As part of his role, Mr Clemmitt will have ownership of growing and developing the engineering function of the company to provide world class capability and innovation in the Carbon Capture and Utilisation (CCU) arena. He joins the board of Carbon8 Systems and... |
Cementos Molins signs novation of syndicated sustainable financing16 November 2021, Published under Cement NewsCementos Molins signed a renewal of its sustainable syndicated financing for the group and affiliates in Spain, which was formalised in 2019. The novation continues to be classified as a “sustainability-linked loan” extends the maturity by two years until December 2026. In addition, the agreement now has a limit up to EUR300m, of which EUR75m as a term loan and EUR225m as revolving credit facility. All other terms and conditions remain unchanged. The financing, which was the first sustaina... |
Çimsa joins Oficemen16 November 2021, Published under Cement NewsÇimsa has joined the Spanish cement manufacturers association, Oficemen. The Turkish company has recently started its production activity in Spain, after the acquisition of the white cement factory in Buñol, Valencia, from the Mexican group Cemex. With a production capacity of nearly 0.6Mta, the Buñol plant is among the most technologically advanced in Europe. "With the integration of the Buñol factory into our production and distribution networks, we will increase our white cement p... |
CASE to supply Cemex with low-carbon vehicles across Europe15 November 2021, Published under Cement NewsCemex has confirmed a partnership with CASE Construction Equipment to introduce lower-carbon vehicles that offer reduced fuel consumption into multiple markets across Europe. This is the latest company development to be announced in line with Cemex’s global sustainability strategy ‘Future in Action – Committed to Net Zero CO 2 ’. The selected vehicles (which are both wheel and backhoe loaders) will be used in Cemex materials businesses in several countries, including France, Spa... |
FLSmidth appoints a new CEO effective from 1 January 202212 November 2021, Published under Cement NewsThomas Schulz, FLSmidth’s Group CEO, has made the decision to take a role outside of the company, and will therefore step down as FLSmidth’s CEO by end of 2021. Mikko Keto, who joined FLSmidth in January 2021 as President of FLSmidth’s Mining business and member of Group Executive Management, has been appointed incoming CEO by FLSmidth’s Board of Directors, effective 1 January 2022. Vagn Sørensen, Chairman, states: “I am pleased we are able to recruit internally for such a vital positi... |