Cement News tagged under: Europe

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Further slight recovery in EU 28 cement production

13 June 2017, Published under Cement News

According to CEMBUREAU’s 2016 Activity Report published yesterday, European cement production in the EU 28 further slightly recovered in 2015 (167.2Mt), confirming the cautious upward trend started in 2013 (166.6Mt) after the dramatic fall in the crisis period. Cement consumption has risen slightly from 2014 to 2015 within both the EU28 and the CEMBUREAU region, the report shows. Total world cement production is estimated at 4.6bnt. The CEMBUREAU region’s share of world production fell by ...

CEMBUREAU welcomes new President & VP

13 June 2017, Published under Cement News

Gonçalo Salazar Leite (Vice Chairman Secil), has been elected as President of CEMBUREAU for a two-year term at the Association's General Assembly held on 9 June in Paris (France) after having completed his mandate of Vice-President over the last two years.  He takes over from Mr Daniel Gauthier, former CEO Western Europe-Africa and Member of the Managing Board of HeidelbergCement. In addition,  Raoul de Parisot, advisor to Vicat’s Chairman and CEO, has been elected as Vice-President of CEMBU...

HeidelbergCement issues a Eurobond

07 June 2017, Published under Cement News

HeidelbergCement priced a Eurobond issue under its EUR10bn Euro medium-term note (EMTN) programme with an issuance volume of EUR500m and a maturity date of 14 June 2027. The proceeds of the transaction will be used for general corporate purposes and the refinancing of upcoming maturities. The 10-year bond bears a fixed coupon of 1.500 per cent per annum. The issue price is at 98.891 per cent, resulting in a yield to maturity of 1.621 per cent. Joint Bookrunners of the transaction are Ban...

Lafarge reports higher sales from Czech operations

01 June 2017, Published under Cement News

Lafarge Cement's sales increased by nearly two per cent YoY to CZK992m (EUR37.6m) in 2016. The company expects a moderate growth or stagnation of the Czech market for this year, according to company spokeswoman Milena Hucanova. The results benefitted from an increase in local consumption, Ms Hucanova told CTK Business News. Full-year net profit amounted to CZK206m, up by 23 per cent YoY. The rise in net profit was also influenced by cost savings in terms of materials and energy consum...

Cimpor EBITDA recovers by 5%

25 May 2017, Published under Cement News

Cimpor’s first quarter turnover eased by 0.3 per cent to EUR452.9m, while the EBITDA recovered by five per cent to EUR84.1m. The trading profit (EBIT) improved by 3.1 per cent to EUR36.7m. The net financial charge came down by 18.1 per cent to EUR62.1m to give a pre-tax loss of EUR25.4m, compared with EUR40.3m a year earlier. At the net attributable level there was a loss of EUR34.4m, compared with a loss of EUR40.7m a year earlier. The net debt was 10.7 per cent higher at EUR3,3509m and...

CEMBUREAU: EU-ETS needs to ensure sufficient flexibility for free allocation share

24 May 2017, Published under Cement News

With many stakeholders  calling for a proper impact assessment ahead of the EU-ETS trilogue, Ecofys, a Navigant company, has published a study, commissioned by CEMBUREAU, which compares and analyses the supply and demand balance in terms of the free allowances available and this for the European Commission, European Parliament and Council proposals. The authors have also assessed the likelihood of the Cross Sectoral Correction Factor (CSCF), the European cement association said in a statemen...

Euro area production in construction sees monthly decline

23 May 2017, Published under Cement News

Production in construction in the euro area (EA19) and EU28 was down on a monthly comparison basis due to declines in building construction activity. However increases were recorded on an annual comparison basis with rises observed in building construction and and the civil engineering segments. Monthly declines In March 2017, compared with February 2017, seasonally-adjusted production in the construction sector declined by 1.1 per cent in the euro area and by 0.8 per cent in the EU28, a...

Hanson Cement to hold public exhibitions for upgrade plan

16 May 2017, Published under Cement News

Hanson Cement is holding two public exhibitions in May to explain plans for the GPB20m upgrade project at its Padeswood cement works in Flintshire, UK, which the company says "will guarantee the long-term future of the plant and its 96 employees". At the heart of the project will be the installation of a new vertical roller mill for cement grinding which will improve efficiency, reduce energy consumption and increase output. Hanson is also planning to invest in new rail loading facilities...

Titan 1Q results driven by US market

11 May 2017, Published under Cement News

Financial results for Titan Group in the first quarter of 2017 recorded an improvement, primarily due to the continued recovery of the US market. All geographic regions where the group operates recorded higher sales volumes with the exception of Greece, where demand remains stagnant at low levels. Consolidated turnover was EUR361.8m posting a 7.1 per cent increase compared to the 1Q16. EBITDA increased by 18 per cent reaching EUR51.1m. The net result after minority interests and the provi...

CRH sees 4% advance in 1Q sales

26 April 2017, Published under Cement News

CRH reported a ‘satisfactory’ start to 2017 with first quarter sales up four per cent compared with a strong first quarter of 2016 which benefitted from very mild weather conditions across all its major markets. In a trading update released today in advance of its AGM taking place tomorrow, the Irish building materials major said group EBITDA for the "seasonally less significant first half of the year" is expected to be ahead of last year (1H16: EUR1.12bn). Based on current momentum, furth...