Cement News tagged under: France

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Hoffmann Green raises EUR65.4m for its IPO

18 October 2019, Published under Cement News

France-based Hoffmann Green Cement Technologies has raised EUR65.4m as a result of its initial public offering (IPO) on the Euronext Growth Paris bourse. The total amount of the offer could be increased to EUR75.2m if the over-allotment option is taken, said the company. The price of the offer was set at EUR18/share and the transaction was oversubscribed 2.2 times. The shares will begin trading on Euronext Growth Paris on 21 October 2019. Following the IPO the market capitalisation of Ho...

LafargeHolcim and ADEME Occitanie inaugurate new waste processing plant

15 October 2019, Published under Cement News

LafargeHolcim and the French environment and energy agency ADEME have inaugurated a new solid waste processing plant at LafargeHolcim’s Port-la-Nouvelle. The facility will process non-hazardous solid waste into to an alternative fuel for the cement plant. The EUR7.5m investment will enable the Port-la-Nouvelle works to target a thermal substitution rate of over 90 per cent by 2022 and as a result, contribute to the cement producer’s plans to reduce its greenhouse gas emissions. The project...

New opportunities for Europe

07 October 2019, Published under Cement News

Dr Michael Clark looks at how the EU ETS is expected to change the face of European clinker manufacture. With the price of carbon credits rising, it could become more economically viable to import clinker and grind it upon arrival in Europe through the use of smaller grinding facilities. By Dr Michael Clark, UK. Cem’In’EU’s new facility in Tonneins, southwest France, is an example of the new wave of clinker-importing grinding units expected to arrive The summer of 2019 has se...

Hoffmann Green launches IPO

02 October 2019, Published under Cement News

Hoffmann Green Cement Technologies (HGCT) is launching its initial public offering (IPO) 2 October. The company plans to raise around EUR50m on the Euronext Growth market. HGCT’s cement production process reduces CO 2 emissions by 80 per cent due to a modification of the composition of the cement that eliminates the need for clinker, according to the company. The France-based cement producer aims to increase its cement capacity by a factor of 11 to 0.55Mta by 2024. The IPO will provide ...

Vicat

26 September 2019, Published under Cement News

Vicat’s consolidated sales in the 1H19 fell 0.6 per cent YoY, at constant scope and exchange rates, to EUR1340m. EBIT also contracted, down by eight per cent to EUR97m, compared to EUR107m in the 1H18. Vicat’s home market of France saw strong activity in the infrastructure, industrial and commercial markets, offsetting the contraction in the residential sector. Overall sales came in at EUR500m in the 1H19, up 5.1 per cent YoY, at constant scope and exchange rates, with cement sales advancing...

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...

Flexicon (Europe) Ltd opens French office

20 August 2019, Published under Cement News

Bulk handling equipment supplier Flexicon (Europe) Ltd has opened a new office in France to provide factory-direct sales and application engineering service to customers in Dijon and surrounding regions. The new office will be headed by Emmanuel Decoeur, regional sales manager. Headquartered in the USA, Flexicon are a leading producer of bulk handling equipment offered throughout Europe since 1974.

Vicat sees poorer results in Turkey and Switzerland

02 August 2019, Published under Cement News

Vica­­­t's first-half turnover advanced by 4.6 per cent to EUR1340m but eased by 0.6 per cent on a comparative basis. EBITDA improved by 1.7 per cent to EUR228 while the margin eased from 17.5 per cent to 17 per cent. The trading profit declined by 9.4 per cent to EUR97m, while the net interest charge was EUR6m higher at EUR22m, giving an attributable profit 20.7 per cent lower at EUR46m. Cement deliveries were down by 4.9 per cent to 10.81Mt and the share of turnover from cement eased ma...

LafargeHolcim doubles net income and reports 4% net sales growth

31 July 2019, Published under Cement News

LafargeHolcim posted a like-for-like (LfL) net sales growth of 3.5 per cent YoY in the first half of 2019. Sales increased from CHF13.272bn (US$13.4bn) in the 1H18 to CHF13.059bn with gains in all regions but particularly thanks to favourable market conditions in Europe and north America. Recurring EBITDA (pre-IFRS16) increased 10.8 per cent to CHF2.662bn from CHF2.484bn in the previous year’s first six months. Net income attributable to share holders of LafargeHolcim Ltd more than doubled...

Aliénor Ciments awarded first NF Hydraulic Binder certification

25 June 2019, Published under Cement News

Less than a year after commissioning its cement plant at Tonneins, Aliénor Ciments has been awarded its first NF Hydraulic Binder certification. The certification relates to its CEM I 52.5 R CE CP2 NF product. The certification attests that the cement complies with the standards and additional requirements by Afnor Certification and allows the Cem’In’Eu subsidiary to display the NF mark on the packaging of the company’s relevant products and transport vehicles.