Cement News tagged under: Belgium
Cementir boosted by full-year results from Belgium15 February 2018, Published under Cement NewsCementir Holding's turnover in 2017 increased by 25.3 per cent to EUR1287.5m and EBITDA was ahead by 11.5 per cent to 220.5m. As regards the continuing business, the turnover advanced by10.9 per cent to EUR1140.0m and EBITDA emerged 13.3 per cent ahead at EUR224.2m, while the trading profit showed a 50 per cent advance to EUR142m. Net debt at the end of 2017 was 4.6 per cent lower at EUR536.6m, while capital investment in the year increased by 33.9 per cent to EUR92m. Since the year end, ... |
Building collapses at Holcim Obourg05 June 2017, Published under Cement NewsA collapse of a building near one of the kilns of Holcim’s 1.4Mta Obourg plant in Belgium on 23 May has resulted in the death of one worker and the closure of the plant as an investigation takes place into the causes of the collapse. Emergency services were promptly at the scene but the heavy damage to the structure of the building required further specialist help to locate the at first missing 34 year-old employee, who had worked for Holcim for the past 10 years. Holcim has undertake... |
Gebr Pfeiffer awarded Cemminerals grinding contract26 January 2017, Published under Cement NewsGrinding specialist Gebr Pfeiffer was awarded the order for a grinding plant for slag and cement by Cemminerals NV. The Belgian cement producer is in the process of establishing a new grinding unit at the Kluizendok in the port of Ghent. The new facility proposed is a single grinding mill with production capacity of around 0.7Mta. The mill is scheduled for commissioning in early 2018. The grinding plant will see the installation a Pfeiffer MVR 5300 C-6 vertical roller mill. The six-roller... |
HeidelbergCement completes Belgian assets' sale to Aalborg Portland Holding26 October 2016, Published under Cement NewsHeidelbergCement has completed the sale of operations in Belgium, primarily consisting of Italcementi’s Belgian subsidiary Compagnie des Ciments Belges SA (CCB) to Aalborg Portland Holding SA (Cementir Group). "With the disposal of the Belgium assets we fulfill the obligation of the European Commission and improve the net financial position of HeidelbergCement after the acquisition of Italcementi," said Dr Bernd Scheifele, CEO of HeidelbergCement. HeidelbergCement and Cementir Holding ... |
Belgium: LEILAC project reaches FEED phase19 October 2016, Published under Cement NewsThe Low Emissions Intensity Lime & Cement (LEILAC) consortium has completed the Preliminary Front End Engineering Design (pre-FEED) study for the carbon capture pilot plant. The project will now enter the full Front End Engineering Design (FEED) phase following a decision taken at the General Assembly meeting hosted by ECN on 29 September in Petten, The Netherlands, where results from the preliminary project phase were reviewed. The five-year LEILAC project, supported by the European Uni... |
Aalborg Portland close to sealing Belgian acquisition25 August 2016, Published under Cement NewsDanish cement company Aalborg Portland has acquired Belgian cement company Compagnie des Ciments Belges (CCB) for DKK2.30bn (US$349.81m). The acquisition increases Aalborg Portland's operations by 20 per cent and boosts its turnover from DKK6.5bn posted in 2015 to over DKK8bn. Henning Brook, CFO at Aalborg Portland, states that the acquisition will only marginally affect the financial report for 2016, but that the acquisition is still pending approval from European competition authori... |
Cementir expands into Belgium29 July 2016, Published under Cement NewsCementir's turnover improved by 1.1 per cent to EUR481m in first half of the year, as the improvements in Denmark, Norway and Sweden as well as Malaysia made up for lower results from Italy, Egypt and China, while Turkey was broadly stable. EBITDA, however, declined 1.5 per cent to EUR72.04m. After a 4.7 per cent reduction in depreciation and similar charges to EUR40.2m, the trading profit improved 2.8 per cent to EUR31.8m. The net financial item swung from a positive EUR5.3m to a negati... |
Belgium: appeal court overturns competition watchdog fines06 July 2016, Published under Cement NewsHolcim, CBR, CCB and Febelcem, the Belgian cement association, have seen the competition watchdog’s judgment to pay a EUR14.7m fine overturned by the Belgian Court of Appeal. The competition authority fined the cement majors and the association for the alleged formation of a cartel to reduce competition in the domestic market, but the Court of Appeal found that such illegal practices did not occur. |
Belgium: cement consumption up 4.6% in 201511 May 2016, Published under Cement NewsBelgian cement demand increased 4.6 per cent YoY to 6,403,460t, according to Febelcem, the country's cement association. The rise was supported by good weather and a positive new housing market. The construction market saw a three per cent increase in both new residential building and renovation while public investment expanded by 5.7 per cent. Febelcem members delivered close to 4.9Mt while an additional 1.5Mt was imported as producers in nearby countries face declining domestic market... |
Belgium: Lixhe plant funded for carbon capture05 May 2016, Published under Cement NewsHeidelbergCement is to start a project capturing CO 2 at its Lixhe plant in Belgium. The five-year project is being led by the Low Emissions Intensity Lime and Cement consortium, which includes the Australian technology company Calix, HeidelbergCement, and other lime and cement producers, says Aggregate Research. The project, which has been granted US$13m in EU funds, calls for the construction of a cutting-edge testing facility to study a new technology for the capture of CO 2 . In t... |