Cement News tagged under: Western Europe
GCC market to expand at a CAGR of 6% in 2022-3225 October 2022, Published under Cement NewsThe Gulf Corporation Council (GCC) cement market is predicted to grow at a CAGR of six per cent between 2022 and 2032, according to a report by Future Market Insights. Demand for cement by the end of the period is expected to reach a value of US$12,651m. Much of this growth is forecast to come from the residential sector on the back of population growth, along with public infrastructure and non-residential buildings, such as hospitals. According to the report, over the forecast period, Sa... |
GCCA and ACI join forces to promote concrete sustainability25 October 2022, Published under Cement NewsThe Global Cement and Concrete Association (GCCA) and the American Concrete Institute (ACI) have signed an International Partnership Agreement (IPA) to develop and disseminate information on concrete, concrete structures, and concrete sustainability. GCCA is the key driver of sustainability in the cement and concrete industry, working towards the goal of carbon neutral concrete. Representing 80 per cent of global production outside of China, as well as key Chinese producers such as CNBM, t... |
Thomas Gruppe acquires Opterra Zement GmbH and Opterra Beton GmbH24 October 2022, Published under Cement NewsThomas Gruppe has confirmed the acquisition of Opterra Zement GmbH and Opterra Beton GmbH (east Germany), which have been owned by CRH Plc since 2015 as part of the pre-merger bulk acquisition of certain Lafarge and Holcim assets. CIC-Market Solutions estimates Opterra's cement sales to be close to EUR110m. The transaction amount has not been disclosed but is unlikely to exceed EUR200m. CRH previously tried to sell this asset to Schwenk Zement KG in 2017 (transaction value of the m... |
Titan appoints new Group Executive Committee Chairman21 October 2022, Published under Cement NewsMarcel Cobuz has been appointed the new chairman of Titan’s Group Executive Committee. “As I take leadership of Titan Group , I would like to thank Dimitri Papalexopoulos for the excellent transition and look forward to working with him as Chair of the Board of Directors,” said Marcel Cobuz. “Big thanks to all my new colleagues around the world for making me feel at home. Together, we will continue the great work started in digitising and decarbonising the business and seize new op... |
Lafarge Cement fined US$778m for ISIS payments19 October 2022, Published under Cement NewsLafarge Cement has agreed to plead guilty and pay a fine of US$777.8m for payments it made to terror organisation ISIS to keep operating a cement plant in Syria. The payments to ISIS, which reportedly totalled US$10.23m, were made from August 2013 to October 2014 and took place while the terrorist group was kidnapping and killing westerners, reports CNBC. According to the United States Department of Justice, "The gains to all participants in the conspiracy, including LCS [Lafarge Cement S... |
GCCA holds its Innovandi Open Challenge 'Demo Day'19 October 2022, Published under Cement NewsThe Global Cement and Concrete Association (GCCA) has revealed the latest results of its first ever Innovandi Open Challenge, its industry accelerator that partnered six start-ups from around the world with GCCA members to develop and commercialise new decarbonisation technologies. The two-day ‘Demo Day’ event took place at VDZ’s (German Cement Association) headquarters in Düsseldorf, Germany, and showcased the positive progress made by the six consortia during the Open Challenge, which ... |
Portland Valderrivas to invest EUR6m in Sevilla plant17 October 2022, Published under Cement NewsCementos Portland Valderrivas expects to invest EUR6m in the construction of a non-hazardous waste processing plant and the renovation of its mining concession in Alcalá de Guardaira , Sevilla, Spain. The project will enable the plant to significantly reduce its energy costs and carbon footprint as the alternative fuel will replace petcoke. It will also allow for the elimination of waste that is currently destined for landfill. In addition, the project will enable the company to study t... |
No back tracking on Europe's Green Deal14 October 2022, Published under Cement NewsThe introduction of the Carbon Border Adjustment Mechanism (CBAM), energy price rises and implementation of carbon capture, utilisation and storage (CCUS) across Europe have heightened fears that the Green Deal may become harder to see out for EU countries. Discussions may well move some of the pricing for taxes and levies, but the European Commission is clear that there will be no backtracking on its environmental commitments to reduce greenhouse gas emissions by at least 55 per cent by 203... |
FLSmidth signs its first sustainability linked funding agreement14 October 2022, Published under Cement NewsFLSmidth has signed its first sustainability linked funding agreement to support the development of technologies and solutions with a sustainability profile. The loan is provided by the Nordic Investment Bank and runs for seven years. The loan is linked to three core sustainability KPIs of FLSmidth, namely ratio of suppliers having Science-Based Targets, FLSmidth’s own CO 2 emissions (Scope 1 & 2) and finally emission impact from sold products (Scope 3). These three KPIs will ensu... |
Heidelberg Materials submits CO2 reduction targets to SBTi13 October 2022, Published under Cement NewsHeidelberg Materials has reconfirmed its 2030 carbon reduction targets, submitting them to the Science Based Targets Initiative (SBTi) for validation in line with the recently announced 1.5°C scenario. Heidelberg Materials has actively contributed to the development of the new 1.5°C framework and, in 2019 was the first company in the cement sector to have its then targets endorsed by the SBTi. “We have been actively supporting SBTi’s efforts to develop a 1.5°C roadmap and impactfu... |