Cement News tagged under: Schwenk Zement
German cement prices rise again23 March 2023, Published under Cement NewsThe German statistical office (Statistisches Bundesamt) has published the price index for manufactured goods where cement prices were up by 51.7 per cent in February 2022 YoY, and by 8.9 per cent MoM. The EUR30/t increases decided in November by Heidelberg Materials , Lafarge ( Holcim ) and Schwenk Zement GmbH & Co KG and above all by Dyckerhoff GmbH ( Buzzi-Unicem ), which asked its clients for +EUR55/t to +EUR65/t are not unrelated to this movement, with the price of the carbon ... |
Modifying Germany's carbon capture plans10 March 2023, Published under Cement NewsAs a leading industrial nation in the EU, Germany's carbon capture utilisation and storage (CCUS) strategy is key for the succesful reduction of European CO2 emissions. The German government has targeted net zero to be reached in 2045 and the cement sector is expected to play an important part in this drive. Progress is underway with cement industry CCUS projects at Mergelstetten and Rohrdorf featuring in the news. However, there is a concern about adequate underground storage of captured CO... |
Thomas Gruppe acquires Opterra Zement GmbH and Opterra Beton GmbH24 October 2022, Published under Cement NewsThomas Gruppe has confirmed the acquisition of Opterra Zement GmbH and Opterra Beton GmbH (east Germany), which have been owned by CRH Plc since 2015 as part of the pre-merger bulk acquisition of certain Lafarge and Holcim assets. CIC-Market Solutions estimates Opterra's cement sales to be close to EUR110m. The transaction amount has not been disclosed but is unlikely to exceed EUR200m. CRH previously tried to sell this asset to Schwenk Zement KG in 2017 (transaction value of the m... |
Schwenk to increase stake in Akmenės Cementas04 June 2021, Published under Cement NewsGermany’s Schwenk has received approval to increase its stake in Lithuania's only cement manufacturer, Akmenės Cementas. It was already the majority shareholder at 50.42 per cent but is now set to increase this to 96.98 per cent. Schwenk Zement Beteiligungen will also acquire 75.41 per cent of Kalcitas, a limestone and clay producer, and 100 per cent of Cemeka and Lanku Bokstai. |
Schwenk invests in cement mill and multichamber silo10 February 2021, Published under Cement NewsSchwenk Zement plans to start operation of an additional cement mill and multichamber cement storage silo at its Broceni plant in Latvia at the end of this year. The completion of the project will enable more efficient use of the existing capacity at the facility, expand the range of cement produced with more environmentally-friendly product types and look towards new export markets. "We already export about 70 per cent of the cement produced in Brocēni to the Nordic countries and we can... |
CI4C consortium makes progress with carbon capture project19 November 2020, Published under Cement NewsThe pilot project "catch4climate", for which four cement manufacturers have joined forces, is set to capture CO 2 at the site of the Mergelstetten cement plant in southern Germany. For this, the consortium intends to build and operate its own demonstration plant on a semi-industrial scale, where the oxyfuel process will be applied for CO 2 capture. The captured CO 2 will then be used to produce "reFuels", climate-neutral synthetic fuels such as kerosene for air traffic, with the help of r... |
Ohorongo Cement sale blocked by competition commission05 August 2020, Published under Cement NewsThe Namibian Competition Commission has reportedly blocked the NAD1.5bn (US$86.67m) sale of Schwenk Namibia, which manages and owns 69.8 per cent of Ohorongo Cement, to West China Cement, according to The Namibian. "The Namibian Competition Commission [has] made a decision to prohibit the acquisition of Schwenk Namibia (Pty) Ltd by West China Ltd due to the fact that it would result in coordination between Ohorongo Cement (Pty) Ltd and Whale Rock Cement," said notes on the decision. The ... |
Schwenk Zement acquires 100% shares of Celitement GmbH14 April 2020, Published under Cement NewsSchwenk Zement KG has taken over all shares of the previous fellow shareholders (including the Karlsruhe Institute of Technology) in Celitement GmbH and this has been backdated to 1 January 2020. From having been a Schwenk-affiliated company, Celitement GmbH became a full subsidiary of the well-established building materials group from Ulm. Celitement GmbH was founded in February 2009 and by autumn 2011 had a pilot plant erected on the KIT site (North Campus, Eggenstein-Leopoldshafen) t... |
Cemex Latvia changes name to Schwenk Latvija04 April 2019, Published under Cement NewsFollowing its recent acquisition by Germany-based Schwenk, Cemex Latvia will change its name to Schwenk Latvija, according to reports by the LETA news agency. Cemex generated a turnover of EUR86.92m in Latvia in 2018, an increase of 11.3 per cent from 2017. Annual profit amounted to EUR5.95m, compared to a loss in the previous year. The company sold over 1Mt of cement in 2018, of which 70 per cent was exported, mostly to Finland, Sweden and Estonia. |
Cemex02 April 2019, Published under Cement NewsCemex has agreed to sell its operations in Latvia, where it owns the 1.6Mta cement plant at Broceni, as well as import and marketing operations in Sweden, where there are four, Finland (three), Norway (four), Estonia (1) and a 38 per cent stake in Lithuania's sole cement plant, to the privately-owned Schwenk Zement for EUR340m. To help finance the purchase, Schwenk is selling its 69.8 per cent stake in Schwenk Namibia on a Singapore-based investor for some US$73m. Cemex has also ag... |