Cement News tagged under: Cementir
Cementir's 1Q24 regional market update13 May 2024, Published under Cement NewsCementir's results for the 1Q24 were overall in line with management's expectations despite the decline in revenues and EBITDA compared to the first quarter of the previous year. The company reported regional growth in Turkish cement sales and Belgian ready-mix sales. Turkey Cement sales volumes increased by 22 per cent compared to the 1Q23 in the domestic market, where the most significant growth was recorded in the Elazig and Kars regions of Eastern Anatolia, supported by post-earthq... |
Cementir posts higher sales in 1Q2410 May 2024, Published under Cement NewsCementir cement and clinker sales volumes equal to 2.4Mt increased by 2.3 per cent in the 1Q24 compared to the same period of 2023 thanks to the increase recorded in Turkey, which offset the decline in volumes in other geographical areas. Francesco Caltagirone Jr, Cementir chairman and CEO, commented: “Results for the first quarter of 2024 were in line with our expectations, with sales volumes up but revenues and EBITDA down, compared to the first quarter of 2023. The excellent performa... |
Cementir Group launches D-Carb® for white cement26 April 2024, Published under Cement NewsCementir has launched a new Aalborg White Cement with a lower carbon footprint, D-Carb ® , which presents a 15 per cent reduction in CO 2 emissions when compared with CEM I 52.5R. D-Carb ® is the first white cement in the market to match a lower-carbon footprint with high performances at early ages, claims Cementir. It is available in European markets before being launched globally. "We are thrilled to introduce D-Carb ® , our new umbrella brand for lower carbon cements, as part of Ce... |
Cementir announces 2% drop in revenue in 202312 March 2024, Published under Cement NewsCementir has announced that its 2023 group revenues from sales and services have dropped 1.7 per cent to EUR1694.2m (US$1852.02m) after a record year of EUR1723.1m in 2022. The slight fall in revenues has been attributed to a reduction in volumes sold and weak local currencies, against a moderate increase in prices. Cementir added, in their press release that, had exchange rates remained constant from 2022, revenues would have increased 10.5 per cent to EUR1901.5m. This drop in revenues... |
Cementir posts 2023 preliminary unaudited EBITDA of EUR421.9m09 February 2024, Published under Cement NewsCementir Holding Group reports preliminary unaudited results for 2023. EBITDA reached the historic record of EUR421.9m, up 25.4 per cent compared to the EUR336.3m of 2022, following the improved results achieved in all geographical areas with the exception of the United States. The EBITDA margin was 24.5 per cent compared to 19.5 per cent in 2022. Net financial income totalled EUR15.8m (income of EUR11m in 2022). Revenue in 2023 reached EUR1694.2m, down 1.7 per cent compared to 2022. Prof... |
Cementir posts group revenue of EUR1288.9m in 9M2307 November 2023, Published under Cement NewsDuring the first nine months of 2023, Cementir Holding Group reports group revenue from sales and services reached EUR1288.9m, up 0.8 per cent compared to EUR1278.6m in the 9M22. The substantial stability in revenues derives from the combined effect of the increase in average sales prices, against the reduction in volumes sold, and the weakening of local currencies, with different dynamics in the individual geographic areas. EBITDA amounted to EUR321.1m, an increase of 32.6 per cent c... |
Cementir reports 36% rise in 1H net profit28 July 2023, Published under Cement NewsCementir Holding posted broadly stable sales of EUR454.5m in the second quarter of 2023. Growth in Turkey, Asia-Pacific and Egypt was able to partially offset a decrease in revenues in the Nordic and Baltic area, Belgium and the USA. In the 2Q23 cement and clinker volumes sold declined by 6.8 per cent YoY to 2.8Mt due to a slowdown in sales in Denmark, Turkey, Belgium and the USA, despite the increase seen in China, Egypt and Malaysia. In the 2Q23 sales of ready-mixed concrete were down ... |
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... |
Architects claim first commercial use of LC3 in the UK16 June 2023, Published under Cement NewsUK architects Cairn’s latest construction project in the UK is laying calcined clay (LC3) in what is believed to be the first time it has been commercially used in the country. The undisclosed project used Cementir ’s Futurecem® product instead of ordinary Portland cement. Currently, there are no specific regulations or standards for limestone calcined clay cement in the UK. However, LC3 can be used in construction projects in the UK if it meets the relevant British and European st... |
Compagnie des Ciments Belges upgrades Gaurain plant09 June 2023, Published under Cement NewsBelgium-based Compagnie des Ciments Belges SA (CCB), part of Cementir Holding , is upgrading Kiln 4 at its Gaurain plant. Clinker production capacity will be increased from 4400-4500tpd to 5000tpd through the installation of a newd calciner, modified preheater cyclones, a new ID fan, capacity extension of the main process filter, and a complete new clinker cooler with new kiln hood. The project is being carried out by Dal Technics International. The upgrade will raise the alternativ... |