Cement News tagged under: europe

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EC rejects request by Germany to review deal

07 January 2014, Published under Cement News

The European Commission (EC) has rejected a request from Germany to refer the planned acquisition of Cemex West by Holcim to the German competition authority for assessment under national competition law. The EC concluded that the geographic scope of the affected cement markets is wider than national and that therefore the Commission cannot refer the assessment of the transaction to Germany. The commission has until 31 March 2014 to take a final decision. In the proposed transaction Holc...

Catalonian monthly sales tumble

23 December 2013, Published under Cement News

Cement sales in Spain's autonomous region of Catalonia during November 2013 fell by 21.8 per cent YoY to 110,140t. The decline was more than double the 9.3 per cent fall overall in Spain. Sales for the accumulated January to November period in Catalonia were also down 20.7 per cent to 1.43Mt. (Source: Expansión)

Cementir sets out 2014-16 business targets

18 December 2013, Published under Cement News

Cementir's Board of Directors has approved the company's 2014-16 Business Plan which sees average annual EBITDA growth of around 16 per cent over the period. The plan lays the foundations for a further period growth following positive trends seen during 2013, the company said in a statement released yesterday. The strategy focuses on four key priorities: Improving the profitability of the current business Consolidating the group’s leadership in the white cement market Complet...

Spain: cement consumption to drop 20% in 2013

18 December 2013, Published under Cement News

National cement consumption is expected to register a double-digit decline for its sixth-consecutive decline as Spanish cement association, Oficemen, put the YoY drop at 20 per cent. Oficemen also points out the decreasing profit margins for the country’s producers as demand continues to falls and production costs move in the opposite direction. The lack of competitive power prices, which sees price differences between Spanish and German power of around EUR15-30/MWh have pushed up product...

Titan long-term ratings lifted

10 December 2013, Published under Cement News

The long-term ratings on Greece-based cement producer Titan Cement have been lifted by ratings agency Standard & Poor's (S&P) to 'BB' from 'BB-'.  At the same time, it affirmed the 'B' short-term rating on Titan Cement. S&P has removed all the abovementioned ratings from CreditWatch, where Titan was placed with positive implications on 26 November, 2013. The outlook is stable. Titan Cement's stand-alone credit profile is 'bb', based upon S&P’s assessment of the group's business  risk ...

Cementir’s Taranto cement plant to cease clinker production by year-end

09 December 2013, Published under Cement News

Cementir is to cease clinker production from its 1.4Mta integrated Taranto works at the end of December, but milling operations are set to continue at the southern Italy-based plant. The company reiterated that weak domestic demand has led to a reduction in production levels, although for 2014 there are early indications of a slight recovery in consumption. Over the first nine months of the year, Cementir’s domestic deliveries were down by another 14 per cent and turnover declined by E...

Euroconstruct adjusts 2013-15 forecasts

02 December 2013, Published under Cement News

Construction forecast group Euroconstruct has published its updated Construction Investment forecasts for 2013-15 which sees a three per cent decline this year across the 19 countries for which it provides forecasts, and a gradual upturn from 2014. In western Europe its overall expectations remain unchanged at a 2.7 per cent decline. Its forecasts for Germany were revised down (+0.3 per cent compared to a previous estimate of +1.2 per cent), while the UK has been upgraded from -2 per cent ...

Cemex quarries win European biodiversity awards

29 November 2013, Published under Cement News

Two Cemex quarries, Rugeley in the UK and Soto Pajares in Spain, have been recognised for their outstanding contributions to biodiversity at the European Aggregates Association (UEPG) awards in Brussels. Rugeley Quarry in Cannock Chase, West Midlands received a Recognition of Achievement for its significant restoration work and excellent habitat management activities. Soto Pajares Quarry in the Province of Madrid, Spain won the Special Award for Biodiversity for its outstanding actions rel...

Spanish cement demand falls 11% in October

25 November 2013, Published under Cement News

Cement consumption in Spain has fallen again in October by more than 11 per cent, to 1,003,618t. As a result, domestic cement demand during the first 10 months of 2013 has declined sharply by nearly 21 per cent, with total demand standing at  9,351,734t, some 2.5Mt less than in the same period of 2012, according to Oficemen, Spain’s cement association Cement companies associated with Oficemen are focussing their efforts on a major export drive to maintain production levels. However, the ...

CRH results broadly in line with last year

12 November 2013, Published under Cement News

In its autumn trading statement, CRH announced that it expects the EBITDA to be broadly in line with last 2012 numbers, assuming normal weather patterns for the remainder of the year. Depreciation and amortisation charges as well as the net interest charge are forecast to be a little lower than in 2012, though the net debt is expected to be about EUR300m higher. Acquisitions and large capital investments amounted to around EUR660m, of which EUR492m were in heavy building materials, and incl...