Cement News tagged under: Europe

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LafargeHolcim

26 September 2019, Published under Cement News

LafargeHolcim Maroc saw its sales advance by 0.2 per cent YoY to MAD3.89bn (US$401.4m) in the first half of this year. Operating profit over the same period improved by 10.6 per cent YoY to MAD1.65bn, while net consolidated profit saw an 8.6 per cent uptick to MAD965m. Low rainfall in the opening months of the year resulted in a 2.1 per cent increase in cement volumes in the 1H19. Meanwhile, construction on the company’s new MAD3bn Souss plant is progressing well, with completion due in the ...

Creating a new vision

24 September 2019, Published under Cement News

Raoul de Parisot, president of CEMBUREAU, talks to ICR about his expectations for the future of the European cement industry, including risks posed by the EU Emissions Trading System, and sets out the sector’s vision for achieving carbon neutrality by 2050. Raoul de Parisot, president of cembureau: “One of the most important aspects of my new position is to establish a level playing field for our industry to maintain its capacity to innovate and invest in Europe, to create jobs ...

European construction: set for continued growth?

23 September 2019, Published under Cement News

Following a buoyant 2017 and continued growth in 2018, the European construction market is expected to show modest growth this year. As a result, cement prices are expected to firm, easing the pressure on EBITDA margins of building material companies across the region. By Jean-Christophe Lefèvre-Moulenq, CM-CIC Market Solutions (ESN), France. In 2019, demand is forecast to increase by 1.4 per cent in western Europe After a particularly buoyant 2017, a sharp deceleration was expe...

CRH to divest European Distribution business to Blackstone

02 August 2019, Published under Cement News

CRH plc has agreed to divest its European Distribution business to private equity funds managed by Blackstone for EUR1.64bn, subject to regulatory approval. The sale includes CRH's entire General Builders Merchant business in Europe, including its sanitary heating and plumbing business. It supplies building materials to professional builders, specialists contractors and DIY customers through a network of local and regional brands across six countries in western Europe. The divestment follo...

Cembureau elects new president and vice-president

17 June 2019, Published under Cement News

The European cement association, Cembureau, has appointed its new president and vice-president at its general assembly in Helsinki, Finland, on 14 June 2019. Raoul de Parisot, advisor to the chairman and CEO of Vicat, will take over as president from Gonçalo Salazar Leite, vice-president of SECIL. Isidoro Miranda Fernandez, CEO of LafargeHolcim Spain, is Cembureau’s new vice-president. Speaking following his election as president, Raoul de Parisot said he was delighted to be taking up the...

Aggregates in growth mode

04 June 2019, Published under Cement News

The scale and dynamics of the aggregates industry are often poorly understood. Now, thanks to the Global Aggregates Information Network (GAIN™), better macro-data is available, which points to a maturing global industry, poised for significant growth in the coming decade. Consequently, aggregates may provide an attractive and complementary new investment horizon for players in the cement industry. By Jim O’Brien, GAIN, Ireland. Participants from six continents at the most recent GAIN ...

Can Titan expect a better 2019?

24 May 2019, Published under Cement News

This week Titan Group announced its first-quarter 2019 results which saw a 12.5 per cent rise in turnover but also a EUR6.2m loss appearing on the company’s profit and loss account. While the US market and southeastern Europe returned healthy business results, the company’s performance was more muted in its other markets, particularly in Egypt and Turkey. However, going forward Titan sees the overall group outlook for 2019 as more favourable. The USA is Titan’s most important market, ge...

Titan reports 13% advance in 1Q turnover but EUR6.2m net loss

23 May 2019, Published under Cement News

Greece-based Titan Group reported a 12.5 per cent rise YoY in consolidated turnover to EUR362.7m in the first quarter of 2019 ended 31 March 2019. The company attributed the higher sales to a robust US market and growth in southeastern Europe. EBITDA was up two per cent to EUR44m as the company faced a challenging business environment in Egypt and Turkey. Titan's net result was impacted by higher depreciation charges and unfavourable foreign exchange rates, recording a EUR6m loss (1Q18: E...

Cemex results supported by Europe in the 1Q19

26 April 2019, Published under Cement News

Cemex has announced that its consolidated net sales increased by one per cent on a like-for-like basis to US$3.2bn during the first quarter of 2019, after adjusting for foreign exchange fluctuations. However, operating EBITDA decreased by three per cent YoY to US$562m. The increase in net sales has been attributed to the higher price of the company’s products, as well as higher volumes across its three core products in Europe, and in the company's US ready-mix and aggregates markets. "We ...

Cemex changes management structure

16 January 2019, Published under Cement News

Cemex has announced a series of changes to its management structure which will come into force on 1 February 2019. Juan Romero Torres, current president of Cemex Mexico, has been appointed executive vice president of Global Commercial Development. This new role aims to capitalise on the progress that the company has achieved in its Customer Centricity strategy and provide it with a formal structure, according to a press release. As a result, Ricardo Naya Barba, current president of Cemex Col...