Cement News tagged under: Central Europe
Holcim Croatia to invest HRK9.6m in low-carbon cement27 September 2021, Published under Cement NewsHolcim Croatia will invest HRK9.6m (US$1.5m) in a project to develop low-carbon cement production. Around 35 per cent of this amount will be a HRK3.3m grant from Innovation Norway. The company plans the launch of to new brands of low-carbon cement. The project will see the construction of a closed warehouse for mineral additives and a new transportation system for their dosage. A successful outcome of the project will enable the company to boost competitiveness, reduce CO 2 emissions an... |
Lafarge Poland's Malogoszcz plant modernisation set to begin23 September 2021, Published under Cement NewsThe foundation stone for Lafarge Poland's Małogoszcz plant modernisation has been ceremonially laid, which signals the beginning of construction of a new rotary kiln. Małogoszcz is expected to produce one of the most environmentally friendly cements on the Polish and European markets, according to a press release. The investment in the project, supported by Krakow Technology Park, is worth over EUR100m. It is expected to result in approximately 20 per cent less CO 2 emissions as the ... |
Czech Republic sees domestic sales up 4% in 202012 August 2021, Published under Cement NewsThe Czech Republic’s cement output declined 1.2 per cent YoY to 4.51Mt in 2020, which was still the second-highest level since 2008, according to preliminary data. Overall domestic sales expanded by 4.2 per cent to 4Mt. Cement exports declined 26 per cent to 562,720t, with the most important markets being Slovakia (almost 50 per cent), Poland (about 25 per cent), Germany (18 per cent) and Austria (10 per cent), according to the Czech News Agency. |
Cementarnica Usje sees 17% rise in profit06 August 2021, Published under Cement NewsNorth Macedonia’s Cementarnica Usje has seen a 17 per cent YoY rise in net profit to MKD686.8m (US$13.2m) in the first half of the year, while operating revenue increased 18 per cent to MKD2.5bn. Domestic sales advanced 11 per cent to MKD1.6bn and sales on foreign markets was up 44 per cent to MKD827.9m. |
Hungary levies excess-profit tax on construction material producers12 July 2021, Published under Cement NewsHungary's government has levied a 90 per cent excess-profit tax on some producers of construction materials from 9 July, in an effort aimed at curbing surging prices. The tax applies to companies that produce cement and other materials, including plaster, chalk, gravel, sand, clay, lime and gypsum, with annual revenue of HUF3bn (US$10.02m) or more in 2019. It requires the companies to pay a 90 per cent "mining allowance" on the difference between revenue generated using their own prices a... |
Lafarge Cement sees record sales in 202021 June 2021, Published under Cement NewsDespite the coronavirus pandemic in 2020 Czech-based producer Lafarge Cement reported a nine per cent YoY rise in sales to CZK1.55bn (US$72.1m) and pretax profit went up by 60 per cent to CZK555m. This represents the best income figure in its history, said Miroslav Kratochvil, who leads the LafargeHolcim subsidiary. The pandemic saw higher staff and operational cost. However, the increased expenditures were offset by savings, Mr Kratochvil said. Demand for building materials continues thi... |
Nexe Grupa invests in production capacity17 June 2021, Published under Cement NewsCroatia’s Nexe Grupa reportedly invested HRK115m (US$18.6m) last year to boost the production capacity and energy efficiency of its plants, with further plans for development this year. In particular, its cement subsidiary targeted both capacity expansion and the increased usage of alternative fuels during the year. "These are just some of the important project that we will follow also in 2021, which we enter with a reduced overall debt of the group and lower costs of financing thanks to ... |
Schwenk to increase stake in Akmenės Cementas04 June 2021, Published under Cement NewsGermany’s Schwenk has received approval to increase its stake in Lithuania's only cement manufacturer, Akmenės Cementas. It was already the majority shareholder at 50.42 per cent but is now set to increase this to 96.98 per cent. Schwenk Zement Beteiligungen will also acquire 75.41 per cent of Kalcitas, a limestone and clay producer, and 100 per cent of Cemeka and Lanku Bokstai. |
Polish cement association calls for protective measures20 May 2021, Published under Cement Newshe Polish cement association has called upon the government to support protective measures such as the border protection mechanism (CBAM) to enable the cement industry to meet the challenges presented by new climate regulations and the market environment. In a letter to the Polish prime minister, the organisation says: “However, we are concerned that the lack of protective measures - such as the Border Protection Mechanism (CBAM) currently being processed by the European Commission - may re... |
Cementarnica Usje reports 5% rise in profit11 May 2021, Published under Cement NewsNorth Macedonia's Cementarnica Usje (Titan group) has reported a 5.1 per cent YoY decline in net profit to MKD182.1m (US$3.6m) in the first quarter of 2021. However, operating revenue increased 9.4 per cent to MKD924.8m. Domestic sales advanced 9.6 per cent to MKD623.4m, while sales from foreign markets rose 24.3 per cent to MKD272.9m. Operating expenses grew 7.6 per cent YoY to MKD699.9m in the first quarter, as costs for materials were up by 84.9 per cent to MKD64.7m. |