Cement News tagged under: europe
CRH first-half development spend EUR0.25bn03 July 2012, Published under Cement NewsCRH plc has completed 18 acquisition and investment initiatives undertaken during the first-half of 2012. The 18 transactions, comprising five in Europe and 13 in the Americas, bring first-half development spend for the Group to approximately €0.25bn, the group said in a development strategy update today. The European deals amounted to an investment of EUR155m. These transactions include a significant addition in Germany to the company’s RMI-oriented Shutters & Awnings business and two ac... |
Defending profitability key for European companies03 July 2012, Published under Cement NewsFitch Ratings says that the ability to defend profitability in emerging countries is the most critical issue for the rating of the European cement companies rated by the agency, Holcim Ltd. ('BBB'/Stable), Lafarge SA ('BB+'/Stable) and HeidelbergCement AG ('BB+'/Stable). In its special report, Fitch compared the current financials of the major European cement companies to the pre-crisis situation to assess if and how geographical diversification helped companies to recover revenue and prese... |
CEMBUREAU welcomes new CEO02 July 2012, Published under Cement NewsKoen Coppenholle has become the the new Chief Executive of CEMBUREAU, taking over from Jean-Marie Chandelle who retired at the end of June. “I will ensure that the voice of our industry sector is heard in the major ongoing policy debates, ranging from the future design of European climate change and energy legislation to the reflection on a resource efficient society. In order to remain successful in Europe, the cement industry needs a competitive environment with an appropriate legal fr... |
European construction outlook revised25 June 2012, Published under Cement NewsThe increasing perception that Greece will default and exit the eurozone together with rising fears of contagion has led Euroconstruct, a group of research institutes and consulting firms, to significantly downgrade its European construction forecasts for this year and next. At a meeting held last week, the group said Europe's construction forecasts for this year and next have been downgraded from -0.3% to -2.1% in 2012 and from +1.8% to +0.4% in 2013. Looking further ahead, it highlights... |
Eurozone April construction output falls21 June 2012, Published under Cement NewsConstruction output in the 17 nations that use the euro dropped 2.7 per cent in April compared to the month before, and five per cent from April 2011, the European Union's official statistics agency Eurostat said Tuesday. Eurostat also lowered its estimate for the growth of construction output in March, to 11.4 per cent from 12.4 per cent. The decline in construction during April was widespread across the currency area, with building work down six per cent in Germany, 2.3 per cent in Spain... |
Euro output rebounds in March22 May 2012, Published under Cement NewsEuro-construction output rose in March at the fastest rate in at least a decade, rebounding after severe winter conditions in February. Construction output in the 17 nations that use the euro jumped 12.4 per cent in March from February, the first rise since November and the biggest since records began in 2001, the region's statistics agency Eurostat said. Large rises in construction activity in the region’s largest economies were behind March's increase, with German construction in part... |
First EU ETS report expected in June as carbon prices fall08 May 2012, Published under Cement NewsEU CO2 allowance (EUA) prices could fall below €5/t if the EU cannot agree on the set-aside proposal, according to Deutsche Bank analysts. At the start of the month, prices fell to €6.14, with Members of the European Parliament calling for the EU to intervene and reduce the supply of carbon allowances. In addition, EU Energy Commissioner Gunther Oettinger announced that the European Commission needs to prepare a proposal to encourage investment and drive EUA prices up. On 19 April, t... |
European construction reports third consecutive monthly fall19 April 2012, Published under Cement NewsEuropean construction output dropped for a third month in February, led by declines in Germany and Italy. Construction in the 17-nation euro region plunged 7.1 per cent from January, when it slipped a revised 0.5 per cent, the European Union’s statistics office in Luxembourg said. From a year earlier, output fell 12.9 per cent. German builders’ output plummeted 17.1 per cent after a 4.7 per cent gain in January, according to today’s report. In Italy and France, output declined 9.9 per ... |
Cembureau: proposed ecodesign criteria should not apply to cement industry04 April 2012, Published under Cement NewsThe European Commission is currently laying the groundwork for the new Ecodesign Directive, which will provide consistent EU-wide rules for improving the environmental performance of energy related products (ERPs) through ecodesign. Cembureau, the European cement association, is challenging the Directive, which threatens to subject energy-using products such as rotary kilns used in the cement industry to the new ecodesign criteria. The association argues that as cement kilns are part of ... |
IETA urges reform of EU ETS caps to restore confidence30 March 2012, Published under Cement NewsThe International Emissions Trading Association (IETA) has called for a reform of the EU Emissions Trading Scheme (ETS) to change the cap trajectory as well as to review the cap setting process. In a press release, the organisation confirmed its support for the EU ETS but said that fragmented EU and national policies are undermining its price signal. Moreover, according to IETA: “The current extraordinary economic situation is amplifying this effect. This has led to the false impression o... |