Cement News tagged under: Europe

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WCA launches CBAM communication campaign

19 February 2024, Published under Cement News

The World Cement Association (WCA) is working to support the roll-out of the EU’s Carbon Border Adjustment Mechanism (CBAM) by joining its stakeholder communication campaign. The goal of the CBAM communications campaign is to inform, explain and facilitate information about CBAM, namely its reporting requirements, methodologies for calculating emissions and how the CBAM transitional registry works. The WCA recognises the importance of providing its members with the necessary tools and res...

Germany cement contracts as conditions worsen

19 January 2024, Published under Cement News

As Germany's economy faces its worst economic slump in recent times, the domestic construction sector has little to look forward to this year as investments and output shrink under pressure. Data released last week shows that Germany's pre-adjusted GDP fell by 0.3 per cent in 2023 in an environment that continues to be marked by multiple crises, according to national statistics office, Destatis. Despite recent declines, prices remained high at all stages in the economic process and put a da...

Red Sea crisis on Pakistan’s cement industry

18 January 2024, Published under Cement News

Pakistan closely monitors the Red Sea crisis as it could disturb the movement of cement export cargoes to the USA and Europe as well as affect coal imports at Pakistani ports. It is also feared that any trade re-route would spark new inflation and supply chain disruption worldwide and in Pakistan. IMS Research, in a situation review report, warned that escalating tensions in the Middle East have begun to exert a notable influence on global trade, with Yemeni Houthi actions targeting commerc...

CEMEX Poland agrees renewable energy contract with Statkraft

15 November 2023, Published under Cement News

CEMEX Poland has entered into a long-term contract with Statkraft for the supply of green electricity from renewable sources, which is confirmed and secured by the purchase of a Guarantees of Origin (GOs). The contract is based on the Corporate Power Purchase Agreement (CPPA) formula and covers energy supplies over a period of eight years starting 1 January 2025. The signed contract is expected to secure about 30 per cent of the annual energy needs of CEMEX Poland's plants.   Energy su...

Suggested changes to EU's Net Zero Industry Act spark concern

10 November 2023, Published under Cement News

This week CEMBUREAU issued an urgent call for action to the European Parliament to maintain the ambitious CO2 storage target that the EU set out in March 2023 in the EU Net Zero Industry Act (NZIA), after changes to the initial draft were recently suggested by the ENVI Committee. The proposed Act is seen as an EU response to the US Inflation Reduction Act (IRA), designed to establish a framework to achieve industrial decarbonisation in Europe. The draft NZIA set an ambitious storage ...

Titan announces 14% sales rise in 9M23

10 November 2023, Published under Cement News

Titan 's group sales in the 9M23 increased by 14 per cent to EUR1892m YtD driven by increased volumes in all its regions and by solid pricing levels. Group EBITDA reached EUR397m YtD, up by 72 per cent as the group’s margins restored. Net profit more than doubled in the YtD to EUR198m.  The group’s nine-month 2023 net profit after taxes and minority interests (NPAT) more than doubled, reaching EUR197.6m, compared to the EUR89.1m recorded in the same period in 2022. Growth-oriented capital...

Implications of EU's call to ban climate-neutral offsetting

06 October 2023, Published under Cement News

The EU institutions finalised a new law on 19 September 2023 to enact a sweeping ban to combat erroneous claims of sustainability. Companies will be prevented from 'greenwashing', a term used to describe the practice of making misleading claims about a product's climate friendliness. Gilles Dufrasane, policy lead at Carbon Market Watch, says: "The EU is sending a powerful signal to the voluntary carbon market: the era of offsetting is over." What does this mean for the cement sector? For ...

RHI Magnesita completes acquisition of P-D Refractories

04 October 2023, Published under Cement News

RHI Magnesita has completed the acquisition of the Germany, Czech Republic and Slovenia-based refractory businesses of the Preiss-Daimler Group (P-D Refractories). P-D Refractories is a producer of high quality alumina-based refractories for industrial applications in process industries, with a leading market position in the glass and aluminium sectors. The product portfolio of P-D Refractories ranges from high-alumina specialties to bauxite, andalusite, silica, fireclay or magnesite bric...

Cementir reports 36% rise in 1H net profit

28 July 2023, Published under Cement News

Cementir 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 ...

Aggregates Europe - UEPG joins Concrete Europe

03 July 2023, Published under Cement News

Aggregates Europe  –  UEPG , which represents the European aggregates Industry in Brussels, has joined Concrete Europe as an associate member. According to Aggregates Europe - UEPG, the collaboration signifies its "collective commitment to shaping solutions for achieving the EU Green Deal within the construction ecosystem." “Joining Concrete Europe represents a significant step for Aggregates Europe – UEPG, enabling us to work more closely with other industry leaders in deve...