Cement News tagged under: Cementir
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... |
Cementir posts 1Q23 revenue of EUR414.8m10 May 2023, Published under Cement NewsCementir ’s revenue totalled EUR414.8m in the 1Q23, up 14.5 per cent from the 1Q22. EBITDA reached EUR81.2m, a 33.8 per cent YoY advance while profit before taxes totalled EUR63.9m, a rise of 50.7 per cent when compared with the 1Q22. Meanwhile, net debt stood at EUR32.1m at 31 March 2023. Operating costs rose by 2.8 per cent to EUR342.5m when compared to EUR333.1m in the 1Q22. The cost of raw materials rose by 5.5 per cent YoY. Cement volumes (white and grey) totalled 2.34Mt, a f... |
Cementir reports significant revenue increases in Europe in 202213 March 2023, Published under Cement NewsCementir's regional results showed significant revenue increases in Turkey, Europe, US and Malaysian markets. However, cement sales were under pressure in most regions. Cementir ’s Danish sales revenues in 2022 reached EUR509.8m, up 23.2 per cent compared to EUR413.9m in 2021, due mainly to the rise in sales prices. Overall cement volumes decreased by six per cent compared to previous year. White cement exports declined by 29 per cent. Ready-mixed concrete volumes in Denmark fell by five... |
Cementir announces record revenues of EUR1721m in 202210 March 2023, Published under Cement NewsCementir announced historical group revenues in 2022 from sales and services totalling EUR1720.9m, up 26.5 per cent on EUR360m in 2021. The increase in revenue is mainly due to the price policy to mitigate the exceptional increase in the costs of fuel, electricity, raw materials, transport and services. It should be noted that at constant 2021 exchange rates revenue would have been equal to EUR1854m, up by 36.3 per cent compared to the previous year. EBITDA reached an all-time r... |
Cementir reports 27% revenue rise in 202209 February 2023, Published under Cement NewsCementir reported consolidated 2022 group r evenue at the record level of EUR1720.9m (US$1851.4m), up by 26.5 per cent compared to EUR1360m in 2021. EBITDA reached the record level of EUR355m, up by 14.2 per cent on 2021. EBIT, after amortisation, depreciation, impairment losses and provisions of EUR119.4m (EUR113.2m in 2021), amounted to EUR235.6m, up by 19.1 per cent from EUR197.8m in the previous year. Profit before taxes was EUR247.6m, an increase of 43.9 per cent compared to ... |
Cementir Group reports revenue of EUR1248m in 9M2204 November 2022, Published under Cement NewsCementir’s Group revenue from sales and services in the 9M22 reached EUR1248.2m, up 23.8 per ent compared to EUR1008.3m in 9M21. The increase in revenue is mainly due to price increases, offsetting higher costs for fuel, electricity, raw materials, transport and services, said Cementir. During the first nine months of 2022, Cementir announced its cement and clinker sales volumes, amounted to 8.2Mt, a fall of 1.7 per cent compared to the same period of 2021. The decline is mainly attr... |
Cementir's 1H22 boosted by Danish results29 July 2022, Published under Cement NewsCementir' s sales in the 1H22 were led by Denmark, where sales revenue in the 1H22 reached EUR233.3m, up 14 per cent from EUR204.5m in the 1H21, due to sustained demand in all business segments, particularly in cement, and higher sales prices. Cement volumes in Denmark, both grey and white, increased by about 14.5 per cent YoY in the 1H22 due to growth in all major market segments, favourable weather conditions and the start of new infrastructure projects. Exports of white cement ... |