Cement News tagged under: europe
Italian producers to appeal watchdog decision08 August 2017, Published under Cement NewsBuzzi Unicem, Italcementi and Cementir have been fined by the Italian Competition Authority following a probe launched in November 2015 into the existence of alleged anti-competitive practices in the domestic market. The authority's decision states that Buzzi Unicem participated in an agreement concerning the alleged co-ordination of manufacturers regarding simultaneous price increases as well as an exchange of information within the industry association AITEC and, in general, the adopti... |
Buzzi Unicem’s profit boosted by lower interest costs04 August 2017, Published under Cement NewsBuzzi Unicem's first half turnover improved by 7.3 per cent to EUR1353.8m and EBITDA advanced by 8.4 per cent to EUR241.1m. Group cement deliveries improved by 2.3 per cent to 12.5Mt, while ready-mixed concrete deliveries rose by six per cent to 5.9Mm³. The depreciation and impairment charges advanced by 16.1 per cent to EUR108.6m and the first half trading profit was ahead by 2.8 per cent to EUR132.5m. The interest charge dropped by 66.3 per cent to EUR12.3m and the pre-tax profit rose by... |
Vicat suffers from currency weakness in several countries04 August 2017, Published under Cement NewsVicat's first half turnover edged ahead by 0.8 per cent to EUR1248m, or by 0.9 per cent on a comparative basis, but the EBITDA declined by 8.7 per cent to EUR188m and the margin declined from 16.7 per cent to 15.1 per cent. The trading profit came off by 16.2 per cent to EUR86m, while the net interest charge was 29.9 per cent lower at EUR12.9m, giving a attributable profit 17 per cent lower at EUR40m. Net debt at the end of the period amounted to EUR1006m, a five per cent reduction, and th... |
Collaboration with Ecotec Solution fuels Italian expansion for UNTHA01 August 2017, Published under Cement NewsIndustrial shredder manufacturer UNTHA has witnessed significant growth in Italy following a collaboration with one of the country’s leading environmental technology specialists, Ecotec Solution. The UK waste processing firm supplies systems that turn clients’ residual materials into valuable resources. In the last 12 months alone, Ecotec Solution has secured six high-value projects for the Austrian shredding giants. These include three XR mobil-e sales for waste to energy facilities – ... |
Production in construction down by 0.7% in euro area26 July 2017, Published under Cement NewsIn May 2017 compared with April 2017, seasonally-adjusted production in the construction sector decreased by 0.7 per cent in the euro area (EA19) and by 1.1 per cent in the EU28, according to the first estimates from Eurostat, the statistical office of the European Union. In April 2017 production in construction grew by 0.3 per cent in the euro area and by 0.2 per cent in the EU28. In May 2017 compared with May 2016, production in construction increased by 2.6 per cent in the euro area an... |
Positive trends in European construction recovery14 July 2017, Published under Cement NewsThe recovery in European construction activity appears to be making progress with improvements being seen in the housing segment in some key markets, while civil engineering activity is expected to pick up going forward. Eurostat's construction index shows that the downturn in activity for construction within the EU-28 brought on by the global financial crisis lasted longer than for the industry sector. Despite occasional short-lived periods of growth, the index of production for construct... |
Production in construction up 0.3% in euro area28 June 2017, Published under Cement NewsIn April 2017 compared with March 2017, seasonally-adjusted production in the construction sector increased by 0.3 per cent in the euro area (EA19) and remained stable in the EU28, according to the first estimates from Eurostat, the statistical office of the European Union. In March 2017 production in construction fell by 1.1 per cent in the euro area and by 0.5 per cent in the EU28. In April 2017 compared with April 2016, production in construction increased by 3.2 per cent in the euro ar... |
Further slight recovery in EU 28 cement production13 June 2017, Published under Cement NewsAccording to CEMBUREAU’s 2016 Activity Report published yesterday, European cement production in the EU 28 further slightly recovered in 2015 (167.2Mt), confirming the cautious upward trend started in 2013 (166.6Mt) after the dramatic fall in the crisis period. Cement consumption has risen slightly from 2014 to 2015 within both the EU28 and the CEMBUREAU region, the report shows. Total world cement production is estimated at 4.6bnt. The CEMBUREAU region’s share of world production fell by ... |
CEMBUREAU welcomes new President & VP13 June 2017, Published under Cement NewsGonçalo Salazar Leite (Vice Chairman Secil), has been elected as President of CEMBUREAU for a two-year term at the Association's General Assembly held on 9 June in Paris (France) after having completed his mandate of Vice-President over the last two years. He takes over from Mr Daniel Gauthier, former CEO Western Europe-Africa and Member of the Managing Board of HeidelbergCement. In addition, Raoul de Parisot, advisor to Vicat’s Chairman and CEO, has been elected as Vice-President of CEMBU... |
HeidelbergCement issues a Eurobond07 June 2017, Published under Cement NewsHeidelbergCement priced a Eurobond issue under its EUR10bn Euro medium-term note (EMTN) programme with an issuance volume of EUR500m and a maturity date of 14 June 2027. The proceeds of the transaction will be used for general corporate purposes and the refinancing of upcoming maturities. The 10-year bond bears a fixed coupon of 1.500 per cent per annum. The issue price is at 98.891 per cent, resulting in a yield to maturity of 1.621 per cent. Joint Bookrunners of the transaction are Ban... |