Cement News tagged under: Brexit

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UK cement after Brexit

21 September 2016, Published under Cement News

The UK’s cement sector has seen substantial change in the last 12 months, with new cement producers coming to the market and a raft of legislation to ensure a competitive market for customers going forward. The recent Brexit vote has cast a shadow over the economy, but even though several very large projects are currently on hold, the long-term fundamentals for cement demand remain strong. HeidelbergCement-owned Hanson operates around 3Mta of cement capacity at plants in Padeswood ...

Positive signs of recovery

19 September 2016, Published under Cement News

CEMBUREAU released figures this summer on the production performance of its members in the European cement sector in 2015. They reveal a modest positive annual growth rate of 0.9 per cent to 248Mt, when compared to the year before. The growth experienced by Europe's cement indsutry in 2015 reflects positive signs of recovery The annual growth registered by the European cement sector in 2015 reflects positive signs of recovery. Even with significant differences across EU member s...

What does the Brexit crisis mean for Europe?

01 July 2016, Published under Cement News

On 23 June the United Kingdom voted in a referendum to leave the European Union. For most, this was a totally unexpected result and there is no question it will have deep political and economic consequences, not just for the UK but for the whole of Europe. The UK is now navigating uncharted territory, where the country’s integrity is now under threat and its relationship with the EU undefined. Moreover, even the future of the EU itself is now under scrutiny amidst fears of further fragmen...

Cemex stock falls over Brexit fears

28 June 2016, Published under Cement News

Cemex saw a further day of losses at the Mexican Stock Exchange (BMV). Since Friday, its shares have fallen 14.74 per cent following the announcement of the UK’s departure from the EU. On Monday, shares fell 5.6 per cent to close at a price of MXN10.61 (US$0.56)/share. The fall is attributed to the potential impact of Brexit on the company’s UK operations following the surprise result of the referendum held on Thursday, explained Marco Medina, analyst at Grupo Financiero Ve por Mas. He ad...