Cement News tagged under: Western Europe
CEMEX grows sales by 10% in 2Q2328 July 2023, Published under Cement NewsCEMEX has reported its 2Q23 results with a 10 per cent growth in sales to US$4566m, a 29 per cent increase in operating EBITDA to US$961m, and an EBITDA margin expanding by 3.3 percentage points to 21.1 per cent. With these results, CEMEX is close to its goal of recovering 2021 margins, set in 2022 in response to unprecedented inflation. Net sales in Mexico increased 14 per cent in the 2Q23 to US$1298m, while operating EBITDA increased nine per cent to US$399m. EBITDA margin declined 1... |
Holcim reports 1H23 organic net sales up 7%27 July 2023, Published under Cement NewsHolcim saw its net sales decline by 11 per cent YoY to CHF13,067m in the 1H23, but organic net sales expanded by 7.4 per cent over the same period, reports the Swiss-based building materials group. “Growth reflects the strengthened earnings profile of the Group as it moves its portfolio towards businesses with superior growth and profitability,” said the group in a statement. The company invested CHF1800m in the 1H23 in the acquisition of 18 companies, including CHF1.300m for eight acquisi... |
Titan Group announces 1H23 consolidated sales of EUR1229m27 July 2023, Published under Cement NewsTitan Group ’s consolidated sales for the H123 surpassed the EUR1.2bn (US$1.335bn) level, reaching EUR1229m, increased by 18.7 per cent versus the 1H22. EBITDA increased to EUR241.2m compared with EUR136.3m in the 1H22, an increase of 77 per cent, with profitability margins expanding, as investments implemented during the last two years are progressively improving cost performance. Group EBITDA over the past 12-month period (July 2022-June 2023) reached EUR436m. Net profit after taxes a... |
Cementos Molins posts revenues of EUR705m in 1Q2327 July 2023, Published under Cement NewsCementos Molins has announced its financial results for the 1Q23. Revenues reached EUR705m, up 16 per cent compared to the 1Q22. The company has also improved sales across all businesses and regions, driven by both volume and selling prices. On a LfL basis, revenues rose by 30 per cent. EBITDA reached EUR179m, a 36 per cent increase compared to the same period of 2022. This improvement is primarily due to the positive impact generated by higher volumes, as well as the company’s efficien... |
BGF invests GBP3.4m in Nuada CCUS technology27 July 2023, Published under Cement NewsBGF, one of the largest and most experienced growth capital investors in the UK and Ireland, has invested GBP3.4m (US$4.37m/EUR3.76m) in Nuada (formerly MOF Technologies), a UK-based company that is redefining the capture of CO 2 from foundational and hard-to-abate industries. Nuada is working with leading cement manufacturers ( Buzzi SpA , Heidelberg Materials and Cementir Holding ) and is currently deploying a first-of-a-kind plant at Buzzi SpA's Monselice plant in northern I... |
Breedon reports solid 1H2326 July 2023, Published under Cement NewsBreedon Group plc announced its unaudited interim results for the first six months of 2023, ended 30 June. Revenues for the UK-based construction materials group increased by 11 per cent YoY to GBP742.7m (US$958.7m), but EBIT saw a five per cent drop YoY to GBP62.1m in the 1H23. On a like-for-like basis (adjusting for six bolt-on acquisition in the last 12 months), revenue increased by seven per cent and EBIT by four percent. As as result the EBIT margin slipped by 140 basis points to 8.... |
Survey launch for UK's quarry, mining and mineral product sector26 July 2023, Published under Cement NewsPye Tait Consulting is carrying out a labour market survey of the UK’s quarrying, mining and mineral products sector on behalf of the Minerals Matter (part of MPQC). This survey will be the largest labour market information survey since 2019 to improve data on skills, training and qualifications within the sector, according to Aggregates Business Magazine. Labour market information is relied upon by various government bodies to help shape policies and direct potential areas for funding.... |
New kiln bag filter at Cauldon25 July 2023, Published under Cement NewsA new kiln bag filter system currently being installed at the Cauldon cement plant of Holcim-owned Aggregate Industries is expected to be operational by early 2024 A new multi-million-pound system is currently being built at Aggregate Industries ' Cauldon cement plant, UK, to reduce emissions at the site and improve performance. The GBP8.7m (US$11.2m) kiln bag filter system will remove particulate matter and prevent it being emitted to the atmosphere. The new filter sys... |
Pipe conveying in Portugal24 July 2023, Published under Cement NewsPipe conveyors offer several advantages compared to conventional conveyors, including the ability to easily overcome obstacles with curves, no need for transfer points, the absence of material spillage and very limited environmental impact. Demonstrating the benefits of this system in practice, Bedeschi’s recent installation of an alternative fuels pipe conveying system for the SECIL Group’s Outão cement plant in Portugal has proven to be a good fit for the producer’s Clean Cement Line R&D i... |
Heidelberg Materials and partners launch GOCO224 July 2023, Published under Cement NewsHeidelberg Materials has announced its GOCO 2 (Grand Ouest CO 2 ) project with jointly partners Elengy, Lafarge France , Heidelberg Materials France, GRT gas, Lhoist and Total Energies. The project aims to capture and store up to 2.6Mta of CO 2 in western France. The project assumes that by 2050 as much as 4Mta of CO 2 will be stored. The project will involve Lafarge Cements Saint-Pierre-la-Cour (Mayenne) plant and Heidelberg Material's in Airvault (Deux-Sèvres) plant, the... |