Cement News tagged under: UK
CRH boss third-highest paid CEO on the FTSE10023 August 2023, Published under Cement NewsThe CEO of Irish building materials giant CRH, Albert Manifold, has been ranked as the third-highest paid chief executive on the FTSE 100, according to a new report by the High Pay Centre. Mr Manifold was paid GBP10.38m (EUR12.1m/US$13m) last year for his role as chief executive of CRH , a position which he has held since 2014. His pay for 2022 was surpassed by only two other chief executives. The news comes as CRH is set to move its primary stock market listing to New York from London n... |
UK Government announces new AI funding for carbon intensive sectors18 August 2023, Published under Cement NewsThe UK government has announced GBP3.75m (US$4.78m) in new funding for artificial intelligence (AI) solutions to accelerate industrial decarbonisation across the country. Twelve green AI initiatives will receive a share of GBP1m to decarbonise and boost the generation of renewable energy, contributing to the country’s net zero goal by 2050. A further GBP2.25m has been allocated to support further AI innovations, with the aim of cutting emissions specifically in energy sectors. In addition... |
MPA appoints director for energy and climate change17 August 2023, Published under Cement NewsThe UK-based Mineral Products Association (MPA) has appointed Dr Diana Casey as executive director for energy and climate change, including heading up the MPA’s product groups for cement and industrial lime. She takes over from Dr Pal Chana, who continues to provide support as a special advisor to the MPA. In her new position on the MPA’s executive team, Dr Casey will play a key strategic role in the sector’s acceleration towards net zero carbon, advocating for better government policy to... |
EcoPact range gains EPD status10 August 2023, Published under Cement NewsAggregate Industries ( Holcim ) has further invested in its sustainability commitments by obtaining Environmental Product Declarations (EPD) for its range of concrete solutions, including its low-carbon concrete ECOPact range. In a UK first for ready-mix concrete products, Aggregate Industries has invested in individual product and plant EPDs for its London Concrete business. This includes the ECOPact product range, the world’s lowest range of low-carbon concrete, DYNAMax High Performan... |
Construction in Great Britain contines to decline, warns MPA09 August 2023, Published under Cement NewsNew figures from the Mineral Products Association (MPA) provide more concrete evidence of the slowdown in Britain’s construction industry. The latest quarterly survey from the MPA – covering aggregates, asphalt, ready-mixed concrete and mortar in Great Britain – reveals a decline in actual sales volumes during the second quarter of 2023. The drop in construction activity, particularly in new housing, along with the impact of cost inflation on other areas such as roads, has contributed to the... |
CEMEX and Ecocem start concrete trials at Heathrow Airport04 August 2023, Published under Cement NewsCEMEX is partnering Heathrow Airport and Ecocem on a trial to explore the viability of lower-carbon concrete at the site. Following a series of lab and plant trials, the trial has been designed to test the concrete’s durability and longevity in a true to life airport setting. Initially two lower carbon solutions will be tested: a Pavement Quality Concrete (PQC) equivalent mix containing 50 per cent GGBS, and a zero-clinker product. The lower carbon concrete will be trialled at t... |
WCA welcomes OneStone Consulting as an Associate Corporate Member01 August 2023, Published under Cement NewsThe World Cement Association (WCA) is welcoming OneStone Consulting, a management consulting firm with global reach, as an Associate Corporate Member. Recognising the importance of environmental responsibility, OneStone Consulting guides cement companies toward implementing sustainable practices and advancing circular economy initiatives that reduce carbon footprints and promote growth and improved profitability. “OneStone Consulting’s wide ranging expertise will be valuable to WCA’s ... |
Breedon on track to build on 2022 results28 July 2023, Published under Cement NewsThis week Breedon Group Plc announced its 2022 annual financial results and posted an impressive revenue increase of 11 per cent YoY. The British building materials company stated: "Our cement plants in GB and Ireland enjoyed their most successful year ever." Breedon stresses that the outlook for the cement market remains positive, underpinned by large infrastructure projections in the UK. This is the despite cement volumes falling by nine per cent to 2.2Mt during 2022 from the elevated 2.4... |
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... |
Breedon reports solid 1H2326 July 2023, Published under Cement NewsBreedon Group plc announced its unaudited interim results for the first six months of 2023, ended 30 June. Revenues for the UK-based construction materials group increased by 11 per cent YoY to GBP742.7m (US$958.7m), but EBIT saw a five per cent drop YoY to GBP62.1m in the 1H23. On a like-for-like basis (adjusting for six bolt-on acquisition in the last 12 months), revenue increased by seven per cent and EBIT by four percent. As as result the EBIT margin slipped by 140 basis points to 8.... |