Cement News tagged under: europe

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CRH announces revenue increase in 1H18

23 August 2018, Published under Cement News

CRH has reported its results for the half-year period ended 30 June 2018, announcing a slight increase in revenue of one per cent YoY to EUR11.9bn (US$13.76bn). Similarly, overall EBITDA rose one per cent to EUR1.13bn, while the EBITDA margin remained consistent at 9.5 per cent. Profit after tax reached EUR378bn, advancing nine per cent from EUR346bn in the year-ago period. The company has recorded divestments of EUR2.9bn and acquisitions of EUR3.4bn in the first six months of the year, whi...

Disposals or growth for CRH?

08 June 2018, Published under Cement News

Last week, CRH made an announcement that it was creating a new global Building Products division which would start operation in January 2019 by merging its European Distribution and Americas Products divisions. Due to the company's enlarged scale, it sees opportunities for further value creation for its shareholders and is looking to maximise its network to improve its global products business. This comes after several years of re-positioning itself post-financial crisis when several of th...

CRH to create new global Building Products division

31 May 2018, Published under Cement News

CRH plc will establish a new global Building Products division from 1 January 2019, bringing together its Europe Lightside, Europe Distribution and Americas Products divisions. Under the leadership of Keith Haas (currently President, Americas Products), this new platform will operate alongside our Americas Materials and Europe Materials divisions, leveraging CRH's scale and network opportunities across the company's global products businesses, CRH stated. David Dillon (currently President...

Cemex reports increase in net sales in 1Q18

27 April 2018, Published under Cement News

Cemex has announced a 92.3 per cent YoY fall in profit for the 1Q18, decreasing from US$336m to US$26m. The sharp decline has been attributed to higher operating expenses and foreign exchange loss. Operating EBITDA declined four per cent to US$535m, while the EBITDA margin was down 1.9 per cent YoY at 18.8 per cent. However, the company has recorded an eight per cent increase in overall net sales to US$3.38bn from US$3.14bn. Consolidated cement volumes increased by one per cent to 1...

LafargeHolcim appoints new Head of HR

20 April 2018, Published under Cement News

LafargeHolcim has appointed Feliciano González Muñoz as the new Head of Human Resources, effective from 1 May 2018. Mr Muñoz will succeed Caroline Luscombe, who has decided to pursue opportunities outside of the company, according to the press release. The Head of HR will not be a member of the executive committee, bringing it down to eight members.   Mr Muñoz is currently HR Director for the Europe sector of the business, and has worked within LafargeHolcim for over 11 years. Felician...

Leading cement producers: 2017 overview

29 March 2018, Published under Cement News

On the whole, 2017 was a year of growth for the world's leading cement producers. HeidelbergCement saw its revenues advance by 13.8 per cent YoY, while China's Anhui Conch reported sales growth of 34.7 per cent. Dangote recorded an improvement in revenue of 31 per cent while Cemex, Buzzi Unicem, Vicat and CRH all saw more marginal expansions of between two and 5.1 per cent YoY (see Figure 1). The only major to report a fall in sales revenue was LafargeHolcim, dipping 2.9 per cent as its ceme...

Buzzi Unicem Full Year 2017 results

29 March 2018, Published under Cement News

In 2017 Buzzi Unicem group sold 26.8Mt of cement (+4.4 per cent compared to 2016) and 12.3Mm 3 of ready-mix concrete (+3 per cent YoY). Consolidated net sales increased by 5.1 per cent, from EUR2669.3m to EUR2806.2m. EBITDA decreased by 7.7 per cent from EUR550.6m to EUR508.2m. The foreign exchange effect was negative for EUR2m. The figure for the year under review includes non-recurring costs of EUR68.2m, of which EUR59.8m for antitrust sanctions inflicted to the Italian cement sector, ...

A time of reassessment for HeidelbergCement

23 February 2018, Published under Cement News

This week it was announced that HeidelbergCement would be selling its 51 per cent stake in the Lehigh White Cement Co LLC while the company also reported on its full-year and 4Q17 results . The sale of HeidelbergCement's interest in the Waco and York cement plants in the USA would mean a complete exit from the North American white cement market for the Germany-based multinational. HeidelbergCement is carrying out a global portfolio review and optimisation process to generate cash flow. T...

Cembureau highlights role of cement industry in EU plastic waste disposal

17 January 2018, Published under Cement News

Following the European Commission's initiative to develop a dedicated plastics strategy in a circular economy, published on 16 January, the European cement association, Cembureau, has highlighted the part played by the cement industry in reducing plastic waste. Apart from the importance of the need for a ban on landfill of recoverable and recyclable waste, the organisation urges policymakers to strongly focus on the recognition that cement plants can treat different waste streams such as ...

European Parliament releases waste-to-energy study

05 October 2017, Published under Cement News

On 25 September 2017, the European Parliament Science and Technology Options Assessment (STOA) panel published a study entitled “Towards a circular economy-Waste management in the EU” to examines the role of waste management in the context of a circular economy transition and current state of policy development. The report provides an overview of the state-of-play of incineration and other waste management options for different wastes in the EU. Five categories of waste-to-energy processes ...