Cement News tagged under: Western Europe
European Commission adopts rules governing CBAM18 August 2023, Published under Cement NewsThe European Commission (EC) has adopted the rules governing the implementation of the Carbon Border Adjustment Mechanism (CBAM) during its transitional phase, which starts on 1 October of this year and runs until the end of 2025. The Implementing Regulation published on 17 August 2023 details the transitional reporting obligations for EU importers of CBAM goods, as well as the transitional methodology for calculating embedded emissions released during the production process of CBAM goods.... |
UK Government announces new AI funding for carbon intensive sectors18 August 2023, Published under Cement NewsThe UK government has announced GBP3.75m (US$4.78m) in new funding for artificial intelligence (AI) solutions to accelerate industrial decarbonisation across the country. Twelve green AI initiatives will receive a share of GBP1m to decarbonise and boost the generation of renewable energy, contributing to the country’s net zero goal by 2050. A further GBP2.25m has been allocated to support further AI innovations, with the aim of cutting emissions specifically in energy sectors. In addition... |
CRH attracts new investors prior to US move17 August 2023, Published under Cement NewsCRH is attracting new investment prior to its move to the New York Stock Exchange in September this year. According to the Irish Independent, at least 26 hedge funds have announced new or expanded American depository receipts (ADRs) in CRH. In total, hedge funds bought a net 7.53m ADRs in CRH in the three months up to 30 June 2023, reports Bloomberg. Among the investors are Soros Fund Management, owned by billionaire George Soros, which now holds ADRs worth around US$20m, and Seth Klarma... |
MPA appoints director for energy and climate change17 August 2023, Published under Cement NewsThe UK-based Mineral Products Association (MPA) has appointed Dr Diana Casey as executive director for energy and climate change, including heading up the MPA’s product groups for cement and industrial lime. She takes over from Dr Pal Chana, who continues to provide support as a special advisor to the MPA. In her new position on the MPA’s executive team, Dr Casey will play a key strategic role in the sector’s acceleration towards net zero carbon, advocating for better government policy to... |
FLSmidth reports 28% revenue increase in 1H2316 August 2023, Published under Cement NewsFLSmidth has reported revenue of DKK12,415m (US$1822m) in the first half of 2023, compared to DKK9733m in the same period a year earlier. EBITDA fell from DKK770m in the 1H22 to DKK737m in the 1H23, while profit over the same timeframe declined from DKK257m to DKK202m. Cement revenue advanced nine per cent YoY to DKK3252m in the 1H23, while the mining business saw its revenue expand by 26 per cent YoY to DKK8536m. The first half of 2023 saw the company report a total order intake of 11,155... |
FLSmidth and Mannok partner on SCM project15 August 2023, Published under Cement NewsFLSmidth and Ireland-based cement producer Mannok are partnering on a new decarbonisation research project to maximise supplementary cementitious materials (SCMs) in cement composition, using digitalisation and advanced predictive modelling. SCMs are expected to play a key role in the cement industry’s pathway to net-zero. Covering a range of materials, from natural pozzolans to calcined clay and industrial byproducts, SCMs have a lower-carbon footprint than traditional Portland clinker... |
EcoPact range gains EPD status10 August 2023, Published under Cement NewsAggregate Industries ( Holcim ) has further invested in its sustainability commitments by obtaining Environmental Product Declarations (EPD) for its range of concrete solutions, including its low-carbon concrete ECOPact range. In a UK first for ready-mix concrete products, Aggregate Industries has invested in individual product and plant EPDs for its London Concrete business. This includes the ECOPact product range, the world’s lowest range of low-carbon concrete, DYNAMax High Performan... |
Construction in Great Britain contines to decline, warns MPA09 August 2023, Published under Cement NewsNew figures from the Mineral Products Association (MPA) provide more concrete evidence of the slowdown in Britain’s construction industry. The latest quarterly survey from the MPA – covering aggregates, asphalt, ready-mixed concrete and mortar in Great Britain – reveals a decline in actual sales volumes during the second quarter of 2023. The drop in construction activity, particularly in new housing, along with the impact of cost inflation on other areas such as roads, has contributed to the... |
Mining sector dominates FLSmidth 1Q23 results08 August 2023, Published under Cement NewsFLSmidth has reported group revenue of DKK6016m (US$886.6m) in the first quarter of 2023, up 27.8 per cent from the DKK4706m recorded in the 1Q22. Group EBITA over the same period declined 22.2 per cent to DKK235m, compared to DKK302m in the 1Q22. Group profit in the 1Q23 stood at DKK84m, down from DKK123m in the 1Q22. Group order intake for the three-month period was DKK5632m, a contraction from the DKK7018m seen in the 1Q22. Its cement business saw revenue of DKK1582m in the opening quar... |
Buzzi SpA sees 1H23 volumes decline in Europe08 August 2023, Published under Cement NewsBuzzi SpA reported cement volumes declining across much of western Europe in the 1H23, while the USA saw volumes rise significantly. Hydraulic binders and clinker sales in Italy were stable in the first six months of the year (-0.3 per cent), thanks to the recovery recorded in the second quarter. Ready-mix concrete output contracted, albeit moderately (-2.5 per cent). Selling prices closed the half-year without any significant changes compared to the level reached at the end of 2022... |