Cement News tagged under: western Europe

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Cementos Molins signs novation of syndicated sustainable financing

16 November 2021, Published under Cement News

Cementos Molins signed a renewal of its sustainable syndicated financing for the group and affiliates in Spain, which was formalised in 2019. The novation continues to be classified as a “sustainability-linked loan” extends the maturity by two years until December 2026. In addition, the agreement now has a limit up to EUR300m, of which EUR75m as a term loan and EUR225m as revolving credit facility. All other terms and conditions remain unchanged. The financing, which was the first sustaina...

Çimsa joins Oficemen

16 November 2021, Published under Cement News

Çimsa has joined the Spanish cement manufacturers association, Oficemen. The Turkish company has recently started its production activity in Spain, after the acquisition of the white cement factory in Buñol, Valencia, from the Mexican group Cemex. With a production capacity of nearly 0.6Mta, the Buñol plant is among the most technologically advanced in Europe. "With the integration of the Buñol factory into our production and distribution networks, we will increase our white cement p...

CASE to supply Cemex with low-carbon vehicles across Europe

15 November 2021, Published under Cement News

Cemex has confirmed a partnership with CASE Construction Equipment to introduce lower-carbon vehicles that offer reduced fuel consumption into multiple markets across Europe.   This is the latest company development to be announced in line with Cemex’s global sustainability strategy ‘Future in Action – Committed to Net Zero CO 2 ’. The selected vehicles (which are both wheel and backhoe loaders) will be used in Cemex materials businesses in several countries, including France, Spa...

FLSmidth appoints a new CEO effective from 1 January 2022

12 November 2021, Published under Cement News

Thomas Schulz, FLSmidth’s Group CEO, has made the decision to take a role outside of the company, and will therefore step down as FLSmidth’s CEO by end of 2021. Mikko Keto, who joined FLSmidth in January 2021 as President of FLSmidth’s Mining business and member of Group Executive Management, has been appointed incoming CEO by FLSmidth’s Board of Directors, effective 1 January 2022. Vagn Sørensen, Chairman, states: “I am pleased we are able to recruit internally for such a vital positi...

Cementir reports revenues of EUR1bn in 9M21

12 November 2021, Published under Cement News

Cementir has released its results for the first nine months and the 3Q21. Group revenue reached EUR1bn, up 12.4 per cent compared to EUR896.8m in the first nine months of 2020. Operating costs, equal to EUR804.9m, increased by 11.7 per cent compared to EUR720.3m in the first 9M20.   During the first 9M21, cement and clinker sales volumes reached 8.3Mt, up by 8.2 per cent compared to the same period of 2020. The company said the increase was mainly attributable to performance in Turkey...

Titan Group reports 9M21 revenues of EUR1.26bn

12 November 2021, Published under Cement News

Titan Group's consolidated revenue for the first nine months of 2021 reached EUR1.26bn, posting a five per cent increase on the 9M20. Revenue growth in local currencies was 10.1 per cent, while EBITDA came under pressure to registering EUR219.6m, a 4.3 per cent decline.   Revenue in the USA recorded a 8.7 per cent increase in US dollar terms in the first 9M21, translated into a corresponding increase of 2.1 per cent in euro terms to EUR731.3m. When compared to the 9M20, EBITDA softene...

FLSmidth sees 22% rise in revenue

11 November 2021, Published under Cement News

FLSmidth has reported a 22 per cent YoY increase in revenue to DKK4660m (US$718.8m) in the third quarter of 2021, compared to DKK3834m in the 3Q20. EBITA advanced 72 per cent to DKK305m from DKK177m, while EBITA margin reached 6.5 per cent from 4.6 per cent. Including currency effects, order intake increased by 15 per cent YoY to DKK4549m against DKK3955m in the year-ago period. “Third quarter saw strong momentum in order intake. In particular for service orders, as activity in the min...

Sika to acquire MBCC Group

11 November 2021, Published under Cement News

Sika has agreed to acquire MBCC Group, formerly BASF Construction Chemicals, from an affiliate of Lone Star Funds for CHF5.5bn (EUR5.2bn). Germany-based MBCC Group is a leading supplier in construction chemicals worldwide with operations in over 60 countries and more than 130 production facilities. In 2021 the group was forecast to generate net sales of CHF2.9bn. According to Sika, the acquisition will compliment and broaden its product and solution offerings in four out of five of its co...

Holcim commits to 40 per cent sustainable financing by 2024

10 November 2021, Published under Cement News

Holcim announces its commitment to reach at le ast 40 per cent of sustainable financing by 2024, putting climate action, water preservation and safety at the heart of its strategy. The company has accelerated this commitment with two new sustainability-linked financing transactions worth above CHF3bn (US$3.28bn).   Holcim has joined the UNGC CFO Taskforce, alongside 60 companies representing a combined US$1.7trn in market capitalisation. The taskforce aligns members’ finance strategi...

Ecocem wins Olympic Athletes' village and Grand Paris Express orders

10 November 2021, Published under Cement News

Ecocem is set to provide its new ultra-low carbon cement for two major Paris projects, the Athletes’ Village for summer 2024 and the Grand Paris Express.  Ecocem Ultra is an alternative to traditional cement and will significantly reduce the CO 2 footprint of both projects, claims Ecocem. For summer 2024, organisers are aiming to halve the emissions arising in relation to the Olympic Games. Ecocem Ultra is to be used in the construction of the Athletes’ Village, which will be transforme...