Cement News tagged under: Weekly Newsletter
Heidelberg Materials launches Airvault CCUS project14 March 2024, Published under Cement NewsMarking the latest addition to its portfolio of carbon capture, utilisation and storage (CCUS) initiatives, Heidelberg Materials has announced another CCUS project at its Airvault cement plant in the French New Aquitaine Region. The AirvaultGOCO₂ project, with a planned capture capacity of approximately 1Mta, is part of the GOCO₂ initiative to decarbonise the west of France. “We started an ambitious modernisation programme for our sites in France several years ago, with a planned inv... |
Cement sales in Brazil up 4% in February13 March 2024, Published under Cement NewsThe Brazilian cement market expanded by 4.2 per cent YoY to 4.615Mt in February 2024 from 4.429Mt in February 2023, reports the country’s cement association, SNIC. Looking at sales per working day – the number of days worked has a strong influence on cement consumption – sales slipped 0.9 per cent YoY in February to 0.22Mt from 0.222Mt a year earlier. The key drivers to the uptick in sales include more favourable prospects in the labour market, with an increase in the wage bill and exp... |
Turkey's cement industry requires US$30bn to meet net-zero targets13 March 2024, Published under Cement NewsRepresentatives for the sector are highlighting that the Turkish cement industry will need at least US$30bn in investments to reach the ambitious goal of net-zero carbon by 2053. According to Fatih Yücelik, the board chair of the Turkish Cement Manufacturers’ Association (TÜRKÇİMENTO), the industry will need to make a further investment of US$2bn. This additional investment is to ensure compliance with the requirements of the European Union’s Carbon Border Adjustment Mechanism (CBAM). This... |
Unacem reports 7% revenue increase in 202313 March 2024, Published under Cement NewsPeru-based cement producer Unacem has reported revenue of PEN6.38bn (US$1.73bn) in 2023, marking a 6.6 per cent increase YoY, despite the country’s declining construction sector. Net profit over the same period contracted by 22.1 per cent to PEN514m, while the EBITDA margin fell from 26.3 per cent in 2022 to 23.4 per cent the following year, according to BNAmericas. In the fourth quarter of 2023, the company's global revenue came in at PEN1.66bn, up from PEN1.6bn in the same period a y... |
Cementir announces 2% drop in revenue in 202312 March 2024, Published under Cement NewsCementir has announced that its 2023 group revenues from sales and services have dropped 1.7 per cent to EUR1694.2m (US$1852.02m) after a record year of EUR1723.1m in 2022. The slight fall in revenues has been attributed to a reduction in volumes sold and weak local currencies, against a moderate increase in prices. Cementir added, in their press release that, had exchange rates remained constant from 2022, revenues would have increased 10.5 per cent to EUR1901.5m. This drop in revenues... |
CCUS project gets underway in Denmark12 March 2024, Published under Cement NewsResearchers in Denmark are currently testing a new technology that aims to significantly reduce CO 2 emissions from the cement industry. Forming part of the NEWCEMENT initiative, this latest project tests the implementation of a process technology that uses pure oxygen in the cement combustion process. It marks a collaboration between the Technological Institute, DTU, FLSmidth Cement and Lhoist, which owns Faxe Kalk A/S and is part of the INNO-CCUS partnership. Jens Christiansen at th... |
José María Barroso to lead Canacem11 March 2024, Published under Cement NewsJosé María Barroso Ramírez, CEO of Cemento Moctezuma , has been appointed as the new president of Mexico's cement association, Canacem, for 2024-25. He succeeds Jaime Hill Tinoco, CEO of Holcim México . Mr Barroso has more than 40 years of cement industry experience, having served previously as commercial director at Cemento Montezuma and more than 30 years at CEMEX . He graduated from the Instituto Tecnológico de Mérida, Yucatán, with a degree in industrial engineering and olds a Master... |
Cementos Molins appoints new CEO08 March 2024, Published under Cement NewsCementos Molins has appointed Marcos Cela as the new CEO. He succeeds Julio Rodríguez, who has held the job for the last nine years. The change comes after Rodríguez’s request to resign from his duties as the company's chief executive officer, and will be effective as of end of June, following the Shareholders Annual General Meeting, when Mr Cela’s appointment is to be officially confirmed. The change in the company’s leadership is the result of a carefully-planned process that took plac... |
Breedon posts record revenue in 202306 March 2024, Published under Cement NewsBreedon Group has announced record revenue of GBP1487.5m (US$1893.5m) in 2023, up seven per cent from the GBP1396.3m seen in the previous year. EBIT over the same period declined two per cent from GBP148m to GBP145.7m, while profit before tax slipped one per cent from GBP135.8m to GBP134.4m. According to the company, the record revenue was due to improved pricing, which offset a two per cent reduction in volumes, reflecting the challenging macroeconomic conditions. In terms of volumes,... |
Dangote boosts revenue by 36% in 202304 March 2024, Published under Cement NewsDangote Cement has reported revenue of NGN2.208trn (US$1.365bn) in 2023, up 36.4 per cent from the NGN1.618trn posted in the previous year. Operating profit over the same period advanced from NGN585.88bn to NGN734.27bn, marking an increase of 25.3 per cent. Gross profit saw a 25.8 per cent advance YoY to NGN1.202trn, while profit after tax improved by 19.2 per cent from NGN382.31bn in 2022 to NGN455.58bn a year later. Earnings per share saw growth of 18.9 per cent over the same timefram... |