Cement News tagged under: Western Europe
HeidelbergCement and Calix reach LEILAC-2 milestone25 March 2022, Published under Cement NewsThis week HeidelbergCement and Calix announced that the Low Emissions Intensity Lime And Cement 2 (LEILAC-2) carbon capture project has passed its Financial Investment Decision (FID) milestone and can go on to the implementation phase at HeidelbergCement's Hanover cement plant, Germany. The LEILAC-2 project has been awarded EUR16m funding by the EU Horizon programme and aims to separate 20 per cent of Hanover cement plant’s CO 2 emissions or around 100,000t of CO 2 per year. This will... |
SigmaRoc records turnover of GBP49.3m in 202125 March 2022, Published under Cement NewsBuilding material producer SigmaRoc plc has announced its audited results for the year ended 31 December 2021 with turnover more than doubling to GBP272m and underlying EBITDA rising to GBP49.3m. The group’s trading and operational performance for 2021 was solid. Overall, on a LfL basis, the value of upstream quarried materials sold increased by two per cent. Value added product sales increased by 14 per cent, with value added services increasing by 16 per cent. These figures include th... |
Vicat and Egypt settle investment dispute24 March 2022, Published under Cement NewsEgypt’s Prime Minister, Mostafa Madbouli, and the Minister of Justice, Omar Marwan, have witnessed the signing of a final settlement agreement on the country’s investment dispute with Vicat , a shareholder in Sinai Cement Co . The agreement was signed by Minister of International Cooperation, Rania el Mashat on behalf of the government, and Vicat’s Chairman and CEO, Guy Sidos. Under the agreement, the arbitration case between the two parties before the International Center for Settlemen... |
FLSmidth receives further clearance for acquisition of thyssenkrupp mining business23 March 2022, Published under Cement NewsFLSmidth has now received regulatory clearances from the Australian, South African, Peruvian and Chilean authorities for its acquisition of thyssenkrupp's mining business. This is in addition to approvals already received from Canada and Morocco amongst others. All clearances to data have been without imposition of any competition related remedies, says the Denmark-based company in a statement. FLSmidth Group CEO Mikko Keto commented: “Receiving regulatory clearances in such important min... |
MDG Handling Solutions wins HeidelbergCement Spirit project order23 March 2022, Published under Cement NewsMDG Handling Solutions (MDG) has been awarded participation in the Spirit project of HeidelbergCement, which is being carried out at the Leimen and Schelklingen cement plants, Germany. MDG will create a clinker stocking area and a train loading system in Schelklingen, and this clinker will be transport by train to Leimen . In Leimen a receiving area and transport systems made by Gambarotta Gschwendt will stock the clinker in the different silos and buffers. For both sites, MDG ... |
FLO2R is strengthening its product focus for the cement industry23 March 2022, Published under Cement NewsKim Koldsø has joined the FLO2R team. Mr Koldsø brings on more than 20 years of specialised gas analysis product and process knowledge and hands-on experience from the cement industry, and therefore is the perfect addition to its organisation and pursuit of better gas analysis solutions, according to the company. FLO2R is deeply engaged in developing new and more powerful process gas analysis solutions to the cement industry. Solutions which will make the cement industry capable of ha... |
Norcem temporarily halts production at plants22 March 2022, Published under Cement NewsNorway-based Norcem has suspended operations at its Brevik and Kjøpsvik plants due to annual scheduled maintenance work and the crash of a central mill engine at Kjøpsvik. In addition, a supplier who should have carried out some of the maintenance work dropped out. Part of the production has been replaced by imports. CEO John Sunde says the company expects stocks to cleared but was unable to say for how long. |
Spain's cement sector closes plants as energy prices rocket18 March 2022, Published under Cement NewsThis week Spain's cement industry reacted to rising energy prices with the temporary closure of several cement plants. Cementos Portland Valderrivas, Tudela Veguin and FYM-HeidelbergCement have all taken action, calling upon the Spanish government to address the high electricity prices, which have been further aggravated by the war in Ukraine. ICR looks at the background to Spain's energy price spike and Oficemen's news on the latest market results. Spanish cement consumption grew by 14 p... |
Titan Cement records revenue growth of EUR1714.6m in 202118 March 2022, Published under Cement NewsTitan Cement Group generated record revenues of EUR1714.6m, up 6.7 per cent from 2020, reflecting higher demand and a supportive pricing environment. EBITDA declined by 4.6 per cent to EUR272.4m. Net profit after taxes and minorities (NPAT) climbed to EUR89.6m (EUR1.1m in 2020 and EUR50.9m in 2019). Thanks to a successful refinancing strategy the group lowered significantly its finance costs for a third consecutive year to EUR33.6m (EUR19m lower than 2020 and EUR30m lower than 2019). ... |
FYM-HeidelbergCement temporarily shuts down Málaga clinker production18 March 2022, Published under Cement NewsThe FYM - HeidelbergCement Group cement plant in Málaga, of which the sale to Votorantim Cimentos is being finalised, will stop its clinker production until the end of March. The company said the step was necessary due to the “unhealthy costs of electricity that tax the cost of production since the beginning of the Russian invasion of Ukraine." The CEO of FYM-HeidelbergCement Group, Jesús Ortiz, attributes the high cost of electricity in Spain to the “marginal pricing” used for charging... |