Cement News tagged under: Western Europe
Swiss market contracts 3% in 3Q2209 November 2022, Published under Cement NewsCement deliveries in Switzerland, including Liechtenstein, declined by 2.6 per cent to 1,080,399t in the third quarter of 2022 from 1,108,772t in the 3Q21, according to the Swiss cement association, cemsuisse. In the January-September 2022 period, sales edged up 1.1 per cent to 3,174,108t from 3,139,313t in the 10M21. Ordinary Portland cement (CEM I) sales were down 5.4 per cent YoY in the 3Q22 with 9M CEM I sales down 0.3 per cent YoY. Cement deliveries by rail remained stable with 36... |
CIC-Market Solutions revises up Heidelberg Materials09 November 2022, Published under Cement NewsCIC-Market Solutions has softened its negative scenario post 2022 for Heidelberg Materials . It has raised its 2023 EBITDA projection to EUR3537m (down EUR128m versus 2022E), versus a previous estimate of EUR3439m. This is despite the prospect of falling demand in 2023 in the main European countries (-3 to -10 per cent compared to 2022). CIC-Market Solutions advises that the change in its forecast is firstly due to European producers being determined to pass on the increase in factor ... |
Vicat posts 16% increase in 9M consolidated revenue08 November 2022, Published under Cement NewsVicat posted a 15.7 per cent YoY increase to EUR2697m (US$2691m) in consolidated revenue at constant scope and exchange rates in the January-September 2022 period. On a reported basis, the increase was 14.6 per cent YoY. The variation takes into account a negative foreign exchange effect of more than EUR9m as the euro appreciated against the lira and the Egyptian pound. The scope of the result also fell by nearly EUR17m due to the sale of Créabéton in Switzerland, which was only partly off... |
Carbon Re raises GBP4.2m seed funding to address cement industry carbon emissions08 November 2022, Published under Cement NewsCarbon Re, the Cambridge University and UCL joint spin-out, will accelerate the roll-out of artificial intelligence (AI)-based industrial decarbonisation technology. The company has raised GBP4.2m (US$4.8m) seed funding to scale up the development and deployment of its Delta Zero AI platform, which enables the cement industry to reduce over 50,000tpa of CO 2 emissions per plant. This is the equivalent of taking 11,000 cars off the road. Carbon Re's cloud-based Delta Zero platform models... |
WCA welcomes CHASM Advanced Materials as Associate Corp member08 November 2022, Published under Cement NewsThe World Cement Association (WCA) has announced that it is welcoming US-based carbon nanotube materials innovation company CHASM Advanced Materials (CHASM™) as an Associate Corporate Member. CHASM, with its proprietary NTeC-C™, a pioneering nanotube hybrid material, claims to have the potential to produce a greener, smarter, scalable, cost-effective concrete. CHASM’s NTeC-C aims to overcome one of the main challenges to decarbonising concrete by decreasing the quantity of cement in concr... |
Heidelberg Materials grows revenue 13% in 9M2204 November 2022, Published under Cement NewsHeidelberg Materials ’ revenue in the first 9M22 rose significantly by 12.9 per cent in comparison with the previous year to EUR15,802m (9M21: EUR13,996m). Excluding consolidation and exchange rate effects, the rise amounted to 12.3 per cent. In particular, price increases in all group areas contributed to the revenue growth. Changes to the scope of consolidation of EUR622m had a negative effect on revenue, while exchange rate effects of EUR624m had a positive impact. The result from... |
Italy’s cement output falls 8% in August04 November 2022, Published under Cement NewsItaly saw cement output decline by eight per cent YoY in August 2022, according to the country’s construction chamber, Federbeton. When compared with the 2015 base index production the value dropped from 100 in July 2022 to 61 in August. In August 2022 cement prices were up 51 per cent when compared with August 2021 and but slipped from 190 in July to 189 in August 2022 on a price index basis (base year 2015). Grey cement imports in July increased by 66 per cent when compared with July 202... |
Cementir Group reports revenue of EUR1248m in 9M2204 November 2022, Published under Cement NewsCementir’s Group revenue from sales and services in the 9M22 reached EUR1248.2m, up 23.8 per ent compared to EUR1008.3m in 9M21. The increase in revenue is mainly due to price increases, offsetting higher costs for fuel, electricity, raw materials, transport and services, said Cementir. During the first nine months of 2022, Cementir announced its cement and clinker sales volumes, amounted to 8.2Mt, a fall of 1.7 per cent compared to the same period of 2021. The decline is mainly attr... |
Cookstown Cement rebrands to Cemcor04 November 2022, Published under Cement NewsCookstown cement plant in Northern Ireland acquired in January by LCC Group and David Millar for GBP56m (US$64.3m) has changed its name to Cemcor. The Cookstown plant, originally known as Lafarge Cement Ireland, was acquired by Cookstown Cement from Holcim. Since then Cookstown Cement has been led and co-owned by David Millar, a former executive with Lafarge. Cemcor has already begun to grow in stature with a GBP15m fleet of new branded tanker and curtain-sided vehicles on the roads ... |
Votorantim Cimentos completes acquisition of Heidelberg Materials assets in Spain03 November 2022, Published under Cement NewsVotorantim Cimentos announced that has completed the acquisition of all the businesses of Heidelberg Materials in the south of Spain, which includes a modern integrated cement plant located in Málaga , three aggregates quarries and 11 ready-mix plants in Andalusia region. In the last two years, Votorantim Cimentos has strengthened its presence in the Spanish cement market with the acquisition of the integrated cement plant of Cementos Balboa in Extremadura and now with the Malaga p... |