Cement News tagged under: europe

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CEMBUREAU calls for 'truly Circular Economy'

10 July 2015, Published under Cement News

CEMBUREAU has taken note of the European Parliament’s adoption of its ‘Own Initiative Report on Resource Efficiency: moving towards a circular economy’. The European cement association has said that it welcomes the Parliament’s support for a sustainable supply of materials from European sources, as well as the call for legal certainty and long term predictability. In addition, it also recognise that a variety of voluntary resource-efficiency indicators which take into consideration the three...

Construction output up 0.3% in euro area

25 June 2015, Published under Cement News

In April 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 EU28 compared to the previous month, according to first estimates by Eurostat. In March 2015 production output grew by 0.6 and 1.4 per cent, respectively. On an annual comparative basis, April 2015 production in construction remained stable in the euro area and grew by 1.3 per cent in the EU28. Monthly comparison by construction and by membe...

CEMBUREAU elects new President and Vice President

17 June 2015, Published under Cement News

Daniel Gauthier, CEO Western Europe-Africa and Member of the Managing Board of HeidelbergCement, has been elected as President of CEMBUREAU for a two-year term at the Association's General Assembly held yesterday in Oslo (Norway) after having completed his mandate of Vice-President over the last two years. He takes over from Peter Hoddinott, Executive Vice President Performance and Member of the Executive Committee at Lafarge. In addition, Gonçalo Salazar Leite (CEO Secil) has been elected a...

Cement sales in Cyprus fall over first five months

12 June 2015, Published under Cement News

Cement sales in Cyprus fell 10 per cent from January to May compared to the same period a year ago to 170,684t, Cystat, the country’s statistical service, said. In May alone, there was a two per cent drop to 38,053t compared to the same month last year, Cystat said in a statement on its website. Cyprus’ prolonged economic recession has led to continuous declines in domestic cement demand since 2008 when consumption had reached 1.92Mt. In 2014 demand is expected to have fallen to 0.44Mt – s...

Lafarge expects modest Czech sales growth

10 June 2015, Published under Cement News

Lafarge Cement sales rose by five per cent in 2004 to CZK965m (EUR35m) due in part to a revival of domestic construction activity. Profit from operations soared by 53 percent to CZK179m. The growth is attributed to rising sales, an extraordinary revenue from the sale of carbon credits and operating savings, spokesperson Milena Hucanova told CTK Business News. The company, which operates the 1.2Mta Cizkovice cement works, expects a modest growth in sales this year. Czech cement ...

PCA: 'global cement consumption on the rise'

04 June 2015, Published under Cement News

Global cement consumption is expected to grow through 2015 and 2016, with North America leading recent gains in the developed world, according to a report released by the Portland Cement Association (PCA). According to forecasts by the association, cement consumption among developed economies increased by roughly 9.2Mt in 2014, followed by another 9Mt increase in 2015. "Most of the gains in developed world cement consumption is attributed to North America," said Edward J Sullivan, chief ec...

Holcim and Lafarge seal binding deal with CRH

27 May 2015, Published under Cement News

Lafarge and Holcim have now entered a binding agreement with CRH regarding the sale of several assets with an enterprise value of EUR6.5bn. As announced in February 2015, the assets include operations mainly in Europe, Canada, Brazil and the Philippines (see below). The acquisition remains conditional upon successful completion of the merger of Lafarge and Holcim as well as the completion of local asset reorganisations. The acquisition is expected to complete in the second half of 2015. ...

Production in construction up by 0.8% in euro area

22 May 2015, Published under Cement News

In March 2015, compared with February 2015, seasonally-adjusted production in the construction sector rose by 0.8 per cent in the euro area (EA19) and by 1.5 per cent in the EU28, according to first estimates from Eurostat, the statistical office of the European Union. In February 2015, production in construction dropped by 1.6 and 0.8 per cent, respectively. In March 2015 production in construction fell by 2.7 per cent in the euro area and by 1.3 per cent in the EU28 compared to the same ...

Buzzi improves in the USA & central Europe

11 May 2015, Published under Cement News

Buzzi Unicem's first-quarter turnover increased by 3.4 per cent to EUR513.39m and the EBITDA went from a EUR10.26m to EUR27.15m. The loss at the trading level was reduced by 48.6 per cent to EUR19.24m. Net financial charges increased by 31.3 per cent to EUR43.01m giving a seasonal pre-tax loss 24.5 per cent lower at EUR46.16m. Net debt at the end of March was 6.6 per cent higher at EUR1133.3m, giving a gearing level of 45.1 per cent compared with 45.5 per cent a year earlier. Cement deli...

Votorantim Cimentos issues EUR500m in European bonds

08 May 2015, Published under Cement News

Votorantim Cimentos SA announces the issuance of its Euro-denominated bond, representing the first issuance since November 2014 by a Brazilian company in the international capital markets in 2015.  The issuance followed three days of investor meetings in London, Amsterdam, Munich and Frankfurt, which resulted in an issuance of €500 Euro-denominated notes due 2022 bearing interest at the rate of 3.5 per cent per annum. Despite intraday volatility in global capital markets, this successful is...