Cement News tagged under: Europe

RSS feed

HeidelbergCement reveals its 'Beyond 2020' strategy

17 September 2020, Published under Cement News

Dr Dominik von Achten, CEO of HeidelbergCement announced the company’s ambitious new strategy ‘Beyond 2020’ in its Capital Markets Day live webinar yesterday. HeidelbergCement set new targets for carbon reduction, improved EBITDA margin and return on investment capital (ROIC). It also indicated that it would shift its divesting focus of non-core assets to more core asset disposals while investing in digitalisation and low-carbon products. The group has reset its CO 2 reduction goals for 20...

Cemex commences 'Operation Resilience'

11 September 2020, Published under Cement News

Cemex has outlined its 'Operation Resilience' programme, its business strategy from 2020-23 on a risk-adjusted basis. The company announced a need to focus on its core US and European markets as well as in metropolises where market demand is growing.   Fernando A González, Cemex's CEO, said the company will look to grow the profitability of the business through cost reductions and optimising the portfolio through divestments while redeploying its assets in new investments in its core busines...

Spain: drivers for development

02 September 2020, Published under Cement News

In 2019 Spanish cement consumption registered its third consecutive year of recovery but the impact of COVID-19 has now brought fresh uncertainty. Despite the demand situation, Spanish cement association, Oficemen, discusses how the domestic sector continues to evolve and is finding ways to lay the groundwork for future development. By Oficemen, Spain. Despite the impact of COVID-19 on the Spanish cement industry, the sector is focussed on its future, supported by a drive to includ...

Waste Knot Energy to operate new alternative fuel pellet plant in the UK

18 August 2020, Published under Cement News

Waste Knot Energy (Waste Knot) has secured funding from Gresham House's British Strategic Investment Fund (BSIF) to build its first fuel pelleting plant in Middlesbrough, UK. The site of the new plant will be at AV Dawson's port facility on Teeside. The plant will produce Waste Knot's Green Knot branded pellets using non-recyclable waste - otherwise destined for landfill or for another country’s waste facilities. The high-calorific value of the pellets makes them a reliable, low-emission bu...

Cemex sales decline by 10% in 2Q20

28 July 2020, Published under Cement News

Cemex reported significant disruption from COVID-19 in 2Q20. Sales declined by 10 per cent YoY and EBITDA fell by six per cent to US$554m. These decreases were attributed to lockdown measures. The decline in quarterly consolidated net sales was due to lower volumes for the company's three core products in almost all regions. The USA was the one exception with cement volumes growing six per cent. Net operating earnings before other expenses decreased 17 per cent to US$279m on a like-for-li...

LafargeHolcim launch ECOPact concrete to more territories

24 July 2020, Published under Cement News

LafargeHolcim has launched ECOPact, the industry's broadest range of green concrete, delivering high-performing, sustainable and circular benefits, the company claims. After a successful market adoption in Europe, ECOPact is now available in the US with plans to expand into the UK, Canada, Latin America and other markets worldwide in the coming months. This introduction is an essential component of the company's strategy to advance the transition towards low-carbon and circular constructi...

European building materials sector shows resilience

17 July 2020, Published under Cement News

Following the downturn in activity for the French construction materials sector in April, the following month saw the beginnings of a sequential recovery and even more impressive results were noted in June, according to a CIC Market Solutions (France) report. The country’s ready-mix sector saw activity return from -62 per cent YoY in April to +14-20 per cent in June, while distribution activity recovered to +12-14 per cent in the same month. The positive boost for the sector has stimulate...

HeidelbergCement announces EUR0.60 dividend per share at AGM

05 June 2020, Published under Cement News

HeidelbergCement held its 131st Annual General Meeting (AGM) yesterday with around 1000 people following the live transmission on the Internet. Prior to the AGM shareholders submitted a record 120 questions (previous year: 36 questions). For the 2019 financial year, HeidelbergCement shareholders will receive a dividend of EUR0.60/share (2018: EUR2.10). The total distribution to shareholders thus amounts to around EUR119m. The dividend will be paid on 9 June 2020. In view of the scope and...

Pandemic to seriously affect global cement trade

08 May 2020, Published under Cement News

At Cemtech's live webinar on the 'seaborne trade of cement and clinker' this week, Ad Ligthart of Cement Distribution Consultants, gave a sobering outlook on global trade in response to COVID-19 and the many government lockdowns that have been implemented worldwide.  "Seaborne trade of cement and clinker will be seriously affected," said Mr Ligthart, adding: "There will be a global reduction in cement consumption and the result of that for seaborne trade and distribution is that the drop w...

HeidelbergCement releases 1Q20 results

07 May 2020, Published under Cement News

HeidelbergCement has recorded a seven per cent decline in revenue to EUR3.93bn for the first quarter of 2020, compared with EUR4.24bn in the year-ago period. The company saw sales volumes across all lines increase in January and February, however, its volumes from mid-March were severely affected by the coronavirus pandemic. As a result, total cement and clinker sales volumes decreased three per cent YoY to 27.7Mt from 28.6Mt. Deliveries of aggregates also fell four per cent to 60.1Mt in t...