Cement News tagged under: Western Europe
Synhelion receives new funding for solar fuel technology16 December 2022, Published under Cement NewsSolar fuel specialist Synhelion has raised CHF22m (US$23.7m) in another successful financing round. The funds were primarily provided by existing investors, including CEMEX and CEMEX Ventures, CEMEX’s corporate venture capital and open innovation unit, as well as selected new strategic investors. The proceeds of the investment round will accelerate Synhelion’s growth and support the scaling and commercialisation of its unique technology. Synhelion’s existing and new investors are worl... |
Spain’s sees 2% advance in cement demand16 December 2022, Published under Cement NewsCement consumption in Spain has increased 1.8 per cent YoY in November to 1,343,393t, reports Oficemen, the country’s cement association. It is the first increase after six months of contraction. Moreover, cement and clinker exports have advanced 24.7 per cent in November, surpassing the 500,000t mark when compared with November 2021. January-November 2022 In the first 11 months of 2022 cement demand in Spain slipped by 5000t to 13,740,392t when compared with the 11M21 although the dat... |
Teesside University to develop Mevocrete project16 December 2022, Published under Cement NewsAcademics from the University are collaborating with industry partners on a GBP7.6m (US$9.24m) project entitled ‘Mevocrete’, aiming to develop a new form of concrete made from the by-products of the steel and chemical industries. Teesside University has won funding from Innovate UK to work with Material Evolution to help the business scale up its technology to create a full scale on-site facility for cement production using waste steel slag at Teesworks. The resulting product from the ... |
CRH announces new venture capital unit16 December 2022, Published under Cement NewsCRH plc has launched CRH Ventures, its venture capital unit, which will support the development of new technologies and innovative solutions to meet the increasingly complex needs of customers and evolving trends in construction. With access to a US$250m venturing and innovation fund to invest, CRH Ventures will partner with construction and climate technology companies, operating across the construction value chain. The new venture capital unit will focus on cutting-edge technologies ... |
Buzzi Unicem modifies corporate structure15 December 2022, Published under Cement NewsBuzzi Unicem’s corporate revision project, which had already been approved by the Board of Directors and communicated on 3 August 2022 and 8 November 2022, has been implemented. The project provides for the contribution in kind of the business unit relating to the cement operations in Italy in favour of Buzzi Unicem Srl, whose share capital is held entirely and directly by Buzzi Unicem SpA. The project, within the scope of consolidation, aims to make the corporate structure of Buzzi Unice... |
Holcim divests business in Russia14 December 2022, Published under Cement NewsHolcim has signed an agreement to sell its business in Russia to the local management team. With the new owners, the business will operate independently under a different brand, said the company in a statement. Closing of the transaction will be subject to regulatory approvals. “This divestment completes Holcim’s market exit from Russia in line with the company’s values to operate in the most responsible manner,” added the company. The Russian business has been deconsolidated since March 2... |
Cementa gets go-ahead for Gotland quarry14 December 2022, Published under Cement NewsA Swedish court has given Cementa the green light to continue mining limestone at its quarry on the island of Gotland, heading off the risk of a shortage of cement in the building industry, reports Reuters. Cementa, which is part of Heidelberg Materials , has been clashing with local groups over plans to extend mining on Gotland, where the company produces about 75 per cent of the cement used in Sweden. The court said in a statement that it had decided that a nearby nature reserve, pro... |
Vicat increases stake in Sinai cement14 December 2022, Published under Cement NewsFrance-based Vicat SA has increased its stake in Egypt’s Sinai Cement from 51 per cent to 67 per cent. According to Reuters, Vicat bought additional shares worth US$5.65m from separate investors on 13 December 2022. Shareholder Arab Industrial Investment reportedly sold its 6.6 per cent share for US$2.29m. Vicat reported consolidated sales of EUR2697m in the 9M22, up 15.7 per cent YoY at constant scope and exchange rates. The growth came on the back of solid sales improvements in all r... |
Coolbrook achieves first demonstration of its RotoDynamic Technology14 December 2022, Published under Cement NewsCoolbrook has conducted the first live pilot of its RotoDynamic Technology to electrify high-temperature industrial processes. Hosted at the Brightlands Chemlot Campus in Gelleen, The Netherlands, on 12 December 2022, the demonstration marked the technology’s debut activation in an industrially relevant environment setting the scene. The large-scale pilot plant will demonstrate the performance of the RotoDynamic Technology (RDT) for steam cracking in petrochemicals (RotoDynamic Reactor... |
GCCA welcomes three new member companies12 December 2022, Published under Cement NewsThree more companies have joined the Global Cement and Concrete Association (GCCA), PT Souls Bangun Indonesia TBK , Fletcher Building Ltd and Norm Cement . By joining the GCCA they have demonstrated their commitment to reaching net zero by 2050, in line with the GCCA Industry Roadmap for Net Zero concrete. PT Souls Bangun Indonesia TBK operates four cement plants, producing about 14.8Mta of cement. Oepoyo Prakoso, corporate environment and sustainability manager from PT Solusi Bangu... |