Cement News tagged under: western europe
MPA deeply disappointed at lack of Government CBAM announcement27 November 2023, Published under Cement NewsThe Mineral Products Association (MPA) is deeply disappointed by the lack of commitment to a UK Carbon Border Adjustment Mechanism (CBAM) in the Autumn Statement. This missed opportunity should be urgently followed by publication of the promised consultation response announcing introduction of a CBAM. "Failure to take this opportunity to demonstrate support for energy intensive industries, including cement, adds further uncertainty to the creation of a level playing field on carbon cost wi... |
Loesche GmbH acquires hydraulic company27 November 2023, Published under Cement NewsLoesche GmbH has successfully acquired the valuable know-how of the renowned company RuhfusSystemhydraulik. In the past, Ruhfus was a reliable supplier of high-quality hydraulic solutions and a valued, long-standing business partner of Loesche. Ruhfus Systemhydraulik, a developer of hydraulic systems and components, was forced to file for insolvency due to economic challenges. Loesche regrets the insolvency of Ruhfus Systemhydraulik but at the same time sees the opportunity to retain and fu... |
Aalborg Portland's CCUS plant to get Royal inauguration24 November 2023, Published under Cement NewsAalborg Portland (Cementir Group) is preparing to welcome His Royal Highness the Crown Prince of Denmark on 27 November for the official inauguration of its new CO 2 capture plant, an EU-supported collaboration called ConsenCUS. The project will test new technology for carbon capture, utilisation and storage (CCUS) that aims to reduce the energy consumption and ensure a better utilisation of the collected CO 2 . The new CCUS plant, which will initially have the capacity to capture up t... |
MPA letter calls for focus on skills and education24 November 2023, Published under Cement NewsThe Mineral Products Association (MPA) is one of six organisations who have signed an open letter to university leaders in the UK, setting out the essential role of materials, minerals and mining in modern society. The letter from the MPA, along with the Critical Minerals Association (CMA) (UK), Institute of Materials, Minerals & Mining (IOM3), Institute of Quarrying (IQ), Mineral Products Qualification Council (MPQC) and Mining Association of the UK (MAUK), provides evidence-based inform... |
CRH sells lime business to SigmaRoc23 November 2023, Published under Cement NewsCRH plc has agreed to divest its lime operations in Europe to SigmaRoc plc for a total consideration of approximately US$1.1bn. The lime business comprises 16 operating locations with leading market positions across Ireland, the UK, Germany, Czech Republic and Poland. The combined business generated sales of around US$610m and EBITDA of roughly US$137m in 2022. The transaction, which is subject to customary conditions and regulatory approvals, is structured in three phases, the first o... |
CEMEX Ventures invests in digital solution23 November 2023, Published under Cement NewsCEMEX Ventures, CEMEX's corporate venture capital (CVC) and open innovation unit, has announced its investment in Vizcab, a French start-up whose digital platform enables different developers and architecture, engineering and construction (AEC) stakeholders to assess and work towards reducing CO 2 emissions across the construction value chain. Assessing and working towards lower embodied carbon in the construction materials industry can contribute to reducing the impact of climate ... |
Aggregate Industries appoints group strategy and commercial growth director23 November 2023, Published under Cement NewsAggregate Industries , part of Holcim , has appointed Kaziwe Kaulule as its new group strategy and commercial growth director. With a career spanning over 19 years with the Holcim Group, Mr Kaulule brings extensive experience to the role, including operations, digital transformation, business development, and mergers and acquisitions. His most recent role was as chief executive officer (CEO) at Lafarge Industries South Africa . He has also served as CEO at Lafarge Cement Zimbabwe and h... |
Breedon posts 8% growth YoY in 10M2322 November 2023, Published under Cement NewsBreedon Group has reported eight per cent growth in revenue YoY in the first 10 months of 2023, driven by robust pricing and operational excellence, that more than offset the effect of moderating volumes. According to the company, changes to building regulations in the UK that came in in June, impacted ready-mixed concrete (RMC) volumes, while aggregate and asphalt volumes have continued to moderate. “However, pricing has been sustained and we have maintained tight control over our cos... |
CRH reaches agreement on Martin Marietta acquisition22 November 2023, Published under Cement NewsCRH has reached an agreement to acquire a portfolio of cement and ready-mixed concrete (RMC) assets in Texas, USA, from Martin Marietta Materials for a total consideration of US$2.1bn. According to CRH, the combined portfolio of assets is expected to generate pro-forma 2023 EBITDA of approximately US$170m. The assets include the 2.1Mta Hunter cement plant located between San Antonio and Austin, a network of terminals along the eastern gulf coast of Texas, and a portfolio of 20 RMC pla... |
CEMEX Espana to consider next step after EUR456 tax fine22 November 2023, Published under Cement NewsCEMEX has announced that its subsidiary, CEMEX España, will pay approximately EUR456m in fines as a result of a tax audit in Spain that commenced in July 2011 and covered the years 2006-09. According to a company press release, the tax authorities questioned some of the tax losses that Cemex España reported during those years. These losses were not used by Cemex España and have not been shown in its financial statements since 2012. CEMEX evaluating next steps According to the compa... |