Cement News tagged under: europe

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European construction outlook revised down for 2023

25 November 2022, Published under Cement News

The outlook for Europe in 2023 remains challenging and unpredictable after a better than expected 2022, according to CIC Market Solutions. Citing recent data from Euroconstruct, the materials, construction and infrastructure sector in the EU-15 plus four Eastern European countries is now expected to expand by just 0.2 per cent next year, but this has been revised down from growth of 2.3 per cent forecast in June 2022. The UK market is expected to be particularly hit with a decline of 0.4 per...

CEMBUREAU calls for "thorough debate" on CCUS

24 November 2022, Published under Cement News

Although there has never been a more exciting time for carbon capture, EU policies need to provide a predicable regulatory framework and allow for a strong business case, according to Koen Coppenholle, CEO of CEMBUREAU. Recent months have seen significant headway in carbon capture, utilisation and storage (CCUS) in the EU, with a large number of pilot and demonstration projects launched, some of which are expected to be operational by 2024. Politically, carbon capture is also gathering mo...

Cemex announces new CCUS projects

22 November 2022, Published under Cement News

CEMEX has announced that it is implementing several new carbon capture, utilisation, and storage (CCUS) projects throughout its global cement operations as it seeks to accelerate its implementation of the game-changing technology as part of its decarbonisation roadmap. CCUS can be the final step to reaching net-zero CO2 after current levers, relying on existing and proven strategies, are maximised to their fullest potential. CEMEX is currently running several CCUS innovation projects th...

Recession looms for European construction sector

07 October 2022, Published under Cement News

Faced with rising energy costs, inflation and sluggish demand the European construction sector is braced for a negative landing in 2023, according to CIC-Market Solutions. With the autumn expected to see a modest decline in construction investments, Europe could well dip into a slight recession next year. CIC-Market Solutions has forecast a decline in construction investment of -1.1 per cent in 2023 following a post-pandemic high of 5.9 per cent growth. The French analysts suggest that Fr...

Cembureau warns of EU plant closures

06 September 2022, Published under Cement News

In light of rising energy prices across Europe, CEMBUREAU has issued advice for its members to help support energy-intensive industries and households alike. According to CEMBUREAU, a 10-fold increase in electricity prices compared to last year has led to a tripling in the cost of producing cement. “Unless urgent actions are taken at both European and national level, the current energy prices will lead to widespread plant closures across the EU, creating a crisis in the construction supply c...

Cembureau unveils 2030 Biodiversity Roadmap for quarries

31 May 2022, Published under Cement News

Cembureau has released its 2030 Biodiversity Roadmap, setting out its vision for biodiversity in and around quarries over the coming years. Through the roadmap, the European cement industry aims to help put a stop to biodiversity loss during the lifecycle of a quarry using rehabilitation processes. According to the association, going above and beyond legal requirements can ensure that new habitats are created, and rare and threatened species can prosper and flourish.  “The European cement...

Multiple potential buyers for Holcim Russia

17 May 2022, Published under Cement News

More than 30 potential buyers have expressed an interest in Holcim’s Russia business, according to Jan Jenisch, CEO, Holcim. Holcim announced in March that it plans to exit the Russia market following the country’s invasion of Ukraine.   “The process has started, it has to be done with very great diligence. We have had many inquiries,” Mr Jenisch told Reuters. “We don't expect to write it off completely, I would hope this business has a value. You have to give us a couple of months t...

Votorantim Cimentos' see net revenue regional rises in Brazil and North America

13 May 2022, Published under Cement News

In Brazil Votorantim Cimentos ’ net revenue in the 1Q22 was BRL2.7bn (US$525.6m), a 21 per cent increase compared to 1Q21. Despite the instability of the local market, macroeconomic pressures and the strong basis for comparison with the same period last year, the increase in revenue was primarily due to the combination of higher sales volume and price.   Adjusted EBITDA in the quarter was BRL359m, down 40 per cent compared to March 2021 due to cost pressure caused by commodity prices, l...

Geminor warns of secondary fuels shortage

05 May 2022, Published under Cement News

A reduction in waste volumes in Europe, in addition to ongoing transport challenges, makes it harder to predict access to secondary fuels this coming winter season, according to Geminor, a Norway-based recycling company specialising in refuse-derived fuel (RDF), solid recovered fuel (SRF) and other waste for material recycling. The company is encouraging industry players to increase their stocks of RDF and SRF before the winter season.   A turbulent economy and the ongoing conflict in Ukrai...

Cemex reports 1Q22 net sales increase of 13%

29 April 2022, Published under Cement News

Cemex announced its first quarter of 2022 results, with consolidated net sales and EBITDA growing YoY by 13 and three per cent, respectively, despite a challenging cost environment. The growth was led by a 12 per cent increase in cement prices in LfL terms, eight per cent in ready-mix, and seven per cent in aggregates, with all regions contributing to pricing gains.   Cemex continued to enjoy strong demand dynamics, with cement and ready-mix volumes growing high single to double-digits...