Cement News tagged under: Europe

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Cemex makes key EMEAA investments at the start of 2021

23 February 2021, Published under Cement News

Cemex has started 2021 by investing for growth and its climate action strategy in Europe, Middle East and Africa (EMEAA). It has made seven bolt-on investments that are aligned to its key priorities of climate action, sustainable construction and EBITDA growth, representing advances in fossil fuel reduction, lower-CO 2 products, circular economy, recycling and products that demonstrate life cycle CO 2 and energy consumption advantages for buildings. The investments include a new, low...

Hanover cement plant to scale-up LEILAC 2 pilot project

02 February 2021, Published under Cement News

HeidelbergCement is starting the further development and scaling-up of the LEILAC technology (Low Emissions Intensity Lime And Cement) together with the Australian technology company Calix and a European consortium. After examining different locations, it has been decided to build the LEILAC 2 demonstration installation for carbon capture at the HeidelbergCement cement plant in Hanover, Germany. As part of LEILAC 1, a CO 2 capture pilot installation with a capture capacity of 25,000t ...

CRH posts 2% rise in EBITDA for 9M20

25 November 2020, Published under Cement News

CRH has reported a three per cent like-for-like (LfL) decrease in its sales to US$20.6bn for the nine-month period to the end of September 2020, maintaining the level of sales decline reported at the half-year stage. Despite the lower sales, EBITDA for the period was US$3.4bn, up two per cent on a LfL basis. This reflected a continued focus on cost rationalisation and mitigating actions to minimise the financial impacts of lower sales caused by the pandemic. The group reported US$65m of non...

Cem'In'EU speaks out on Carbon Border Adjustment Mechanism

05 November 2020, Published under Cement News

Cem'In'EU, a French industrial start-up committed to produce a low-carbon cement, calls upon the European Commission to design a well-fitted Carbon Border Adjustment Mechanism (CBAM) that will not be distorted into a protectionist tool for highly-polluting industries.   "During the ETS III, the cement industry has received a windfall profit EUR3.5bn, of which none have been invested to modernise the European assets and decrease the CO 2 emissions," said Vincent Lefebvre, president and f...

Cemex sees net sales rise to 3% to US$3.436bn in 3Q20

29 October 2020, Published under Cement News

Cemex SAB de CV has announced its 3Q20 results with net sales increasing by three per cent on a like -for-like (LfL) basis to US$3.436bn, while EBITDA rose by 15 per cent to US$728m.     Net operating earnings, before other expenses, rose by 20 per cent to US$453m on a LfL basis. Net debt plus perpetual notes fell by US$504m versus the previous quarter. Net sales in Mexico rose by 14 per cent on a LfL basis to US$723m. Operating EBITDA rose 16 per cent to US$246m on a LfL basis, versus...

EU policy uncertainty hampering the cement industry's climate goals

16 October 2020, Published under Cement News

The role of the cement industry and government working together to deliver the objectives for the Green Deal were the subject of Cementing Europe's Future - Building the Green Deal, organised by Cembureau this week in its online event. However, while a consensus has been reached between industry and government to work towards the creation of a climate-neutral continent by 2050, the regulatory framework is not yet in place to support this necessary industrial revolution. The European Green...

Cemex's targets 55% fall in CO2 emissions in Europe by 2030

25 September 2020, Published under Cement News

Cemex SAB de CV has announced that it is the first company in the cement sector to target a CO 2 reduction in its European operations of at least 55 per cent by 2030. Cemex welcomes the recent commitment from European Commission President Ursula von der Leyen’s landmark State of the Union address and is pleased to align with the new European Union (EU) aspirations and targets.  Cemex's European operations expect to reach the target of a 35 per cent reduction in carbon emissions from ceme...

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...

C’est la Vicat

15 September 2020, Published under Cement News

Since Louis Vicat discovered artificial cement in 1817, the France-based Vicat group has expanded to be a major cement producer in 12 countries. The family-owned business was founded in 1853 when it launched its first dry-process plant. More recent investments have focussed on Vicat structuring its business around the circular economy, the regeneration of the Ragland plant in USA, the acquisition of Ciplan in Brazil, and greenfield expansion in India and Africa. Supporting revenues also cont...

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...