Cement News tagged under: europe

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Titan performs strongly in the USA

06 November 2015, Published under Cement News

Titan's turnover improved by 18.9 per cent to EUR1029.5m in the first nine months of 2015 and EBITDA was up by 12.6 per cent to EUR165.2m, though in the third quarter EBITDA was ahead by just 3.8 per cent, reflecting the weakness in Greece. The trading profit for the nine months was 17.9 per cent higher at EUR80.5m and, after a 14.6 per cent increase in net financial charges and a positive contribution from associates of EUR3.8m as well as a reduced foreign exchange gain, the pre-tax prof...

Vicat advances well in the USA but France, Italy and Africa weaken

04 November 2015, Published under Cement News

Vicat's turnover for the first nine months of the year improved by 1.9 per cent to EUR1883m, which represents an underlying decline of 5.3 per cent. The gearing level was reduced from 46.8 per cent at the end of September last year to 43.7 per cent this time. Turnover in cement was 2.5 per cent higher at EUR1,157m, which represented 53.9 per cent of the group total. Cement deliveries declined by 4.4 per cent to 15.13Mt. The aggregates and concrete turnover improved by 1.8 per cent to EUR6...

Cemex completes Austrian & Hungarian disposals

03 November 2015, Published under Cement News

Cemex announced yesterday that it has closed the sale of operations in Austria and Hungary to the Rohrdorfer Group for approximately EUR160.1m. The transaction was originally announced on 12 August 2015. The Austrian operations consist of 24 aggregate quarries (approximately 6.47Mt of aggregates sold in 2014) and 34 ready-mix plants (approximately 1.6Mm3 of ready-mix sold in 2014). Cemex's operations in Austria had net sales of approximately US$241m in 2014. The Hungarian operations consi...

Production in construction down by 0.2% in euro area

23 October 2015, Published under Cement News

In August 2015 compared with July 2015, seasonally-adjusted production in the construction sector fell by 0.2 per cent in the euro area (EA19) and by 1.2 per cent in the EU28, according to first estimates from Eurostat, the statistical office of the European Union. In July 2015, production in construction grew by 0.4 per cent in both zones. On an annual comparative basis, August 2015 construction output fell by six per cent in the Euro area and by five per cent in the EU28. Month-on-month...

Court of Rome declares validity of Buzzi offer for SACCI

02 October 2015, Published under Cement News

Buzzi Unicem has been informed by SACCI SpA (SACCI) that the Court of Rome has declared the admissibility of the composition plan submitted by SACCI on 21 September 2015. The composition plan includes the binding offer made by Buzzi Unicem for the acquisition of the cement and ready-mix concrete business unit of SACCI. The composition plan will be subject to the vote of the creditors in the meeting set by the Court for 18 January 2016. If the vote of the creditors of SACCI is positive, it ...

CRH's first-half driven by the Americas

27 August 2015, Published under Cement News

CRH's first half turnover advanced by 12.6 per cent to €9,370m and the EBITDA improved by 9.9 per cent to €555m. The trading profit increased by 11.2 per cent to €189m and after a net interest charge 8.6 per cent higher at €139m, the pre-tax profit increased by 3.3 per cent to €63m. The net attributable result improved by €1m to €46m. Net debt at the end of June was 67.3 per cent lower at €1212m, giving a gearing level of 9.7 per cent, which compares with 39.9 per cent a year earlier. ...

Polish monthly sales edge ahead

11 August 2015, Published under Cement News

Cement production in Poland increased by 1.6 per cent YoY to 1.65Mt in July, while sales were up by 1.7 per cent to 1.71Mt, Poland's Cement Producer Association said in a statement. Year-to-date production grew two per cent YoY to 8.84Mt. Meanwhile, year-to-date sales rose by 2.3 per cent to 9.04Mt.

European Commission closes antitrust proceedings

03 August 2015, Published under Cement News

European Union antitrust regulators on Friday scrapped a cartel investigation launched on 8 December 2010 against a number of cement producers with operations in Europe including Lafarge, Cemex and HeidelbergCement after failing to find evidence of a cartel. The European Commission (EC) opened the case with dawn raids in November 2008 and September 2009. It concerned anti-competitive practices in Austria, Belgium, the Czech Republic, France, Germany, Italy, Luxembourg, The Netherlands, ...

Monthly construction output up by 0.3% in euro area

20 July 2015, Published under Cement News

In May 2015, seasonally-adjusted production in the construction sector rose by 0.3 per cent in the euro area (EA19) and fell by 0.3 per cent in the EU 28, according to the first estimates from Eurostat, the statistical office of the European Union. In April 2015, production in construction dropped by 0.2 per cent and 0.6 per cent, respectively. In May 2015 compared with May 2014, production in construction grew by 0.3 per cent in the euro area and by 0.5 per cent in the EU28. The increas...

CEMBUREAU: ‘EU-ETS proposal needs to incentivise best performers’

16 July 2015, Published under Cement News

CEMBUREAU has taken note of the Commission’s proposals on EU ETSii post-2020 and will now proceed to a more indepth analysis with a view to engaging in a constructive discussion with the Commission, European Parliament and Member States, the association said in a statement yesterday. CEMBUREAU notes that while the proposal does acknowledge the importance of a continued carbon leakage protection, it is disappointing in that it maintains the cross-sectoral correction factor. "Even if the Co...