Cement News tagged under: western Europe
Heidelberg Materials supports German Vice Chancellor's stance on CCS28 February 2024, Published under Cement NewsGermany's Vice Chancellor, Robert Habeck, has presented a legislative bill containing amendments to the law on carbon storage, and guidelines for a German carbon management strategy. The announcement on 26 February 2024 represents a significant change in German policy, as carbon capture and storage (CCS) is currently banned in the country. Mr Habeck stressed that Germany cannot meet its climate targets without CCS. In addition, the technology for CCS is important for the competitiveness ... |
ACT selected for The Buildings and Climate Global Farm event28 February 2024, Published under Cement NewsACT, Ecocem' s groundbreaking low-carbon cement technology, has been selected to showcase at 'The Buildings and Climate Global Farm', that will build on the progress made at the recent United Nations Climate Change Conference (COP28). Ecocem’s ACT has already received a European Technical Assessment. This confirms ACT as a safe, high performance, scalable, low-carbon, and energy efficient alternative to traditional cement, claims Ecocem. It opens a route to full commercialisation for the t... |
Martin Engineering expands in Italy27 February 2024, Published under Cement NewsUS-based bulk handling equipment specialist Martin Engineering has opened a new facility in Italy. The move follows a restructuring of the company’s Italian business to help improve growth and enhance customer service. Having been present in Italy for more than 30 years, the move to a new warehouse near Monza forms part of the company’s strategy to widen its ability to solve bulk handling problems in sectors such as recycling, glass, steel, paper and ports. The company’s range of CleanScr... |
Emirates Steel Arkan and Magsort collaborate on decarbonisation26 February 2024, Published under Cement NewsEmirates Arkan Steel (ESA) has announced a strategic collaboration with Magsort, a Finnish decarbonisation company, to drive an innovative initiative across ESA's Al Ain cement plant. The partnership, announced at the Cemtech MEA 2024 conference in Dubai last week, positions ESA’s cement operations at the forefront of sustainability and sets the stage for a transformative approach to green cement production. The collaboration will initiate the first large-scale industrial pilot test,... |
Slow recovery for Europe's construction and infrastructure23 February 2024, Published under Cement NewsAs government economic stimulus packages for dealing with COVID gradually faded out in 2023, Europe's construction and infrastructure sector witnessed a fall in demand and saw the collapse of many developers. Although inflation is set to decline, aleviating the cost of building materials, analysts CIC-Market Solutions still expect construction output in Europe to have declined by 2.8 per cent in 2023 with a further 2.7 per cent drop forecast in 2024. And while the sector sees demand slipping... |
CEMEX to add a new tertiary mill at Alicante23 February 2024, Published under Cement NewsCEMEX's plant in Alicante in Spain embarks on a significant environmental initiative, launching a new tertiary mill project, "Molentis," with a EUR6m investment aimed at reducing CO 2 emissions. The "Molentis" project, part of CEMEX 's "Future in Action" decarbonisation strategy, is scheduled to commence operations in the 1Q25, this initiative is supported by a EUR4.4m grant from the Ministry of Industry, Energy and Tourism's Innovation and Sustainability Plan in the Manufacturing Ind... |
Cementos Molins launches low-carbon Dragon cements23 February 2024, Published under Cement NewsCementos Molins ’ newly-launched cements and concretes represent a reduction in CO 2 emissions of up to 25 per cent compared to products made with the current Type I cement of the same strength category. The company is introducing two innovative solutions, DRAGON BM-PL (CEM II/B-M (P-L) 42.5R) and DRAGON IV-SR (CEM IV/A (P) 42.5 R-SR), which offer various applications in the construction sector. The former is for the production of concrete and mortars, while the latter is suitable for u... |
Heidelberg Materials reports record results in 202322 February 2024, Published under Cement NewsHeidelberg Materials has reported record preliminary results for 2023 with group revenue up four per cent YoY to EUR21.2bn, despite what the company describes as a “weak market environment”. The result from current operations (RCO) improved by 29 per cent YoY to EUR3bn, while profit for the year attributable to shareholders came in at EUR1929m, up from EUR1597m in the previous year. The return on invested capital (ROIC) increased to 10.3 per cent in 2023, compared to to 9.1 per cent in 202... |
FLSmidth reports 39% increase in net profit22 February 2024, Published under Cement NewsIn its consolidated results of 2023, Denmark-based FLSmidth reported a 10 per cent increase in revenue to DKK24,106m from DKK21,849m in 2022. The company’s gross profit increased by 20 per cent YoY to DKK6087m from DKK5076m in 2022, resulting in an improved profit margin of 25.3 per cent in 2023 from 23.2 per cent in the previous year. EBITA increased from DKK943m in 2022 to DKK1438m in 2023 while net profit increased by 39 per cent YoY to DKK491m from DKK352m. Mining order intake decreas... |
Saint-Gobain in advanced talks to acquire CSR Ltd22 February 2024, Published under Cement NewsSaint-Gobain has approached the board of CSR Ltd, a leading Australian building materials company listed on the Australian Securities Exchange, with a non-binding indicative offer to acquire all of CSR’s issued share capital by way of a scheme of arrangement at an offer price of AUD9.00 (US$5.90) cash per share. Under Saint-Gobain’s proposal, CSR would be entitled to pay a final dividend of up to AUD0.25 per share for its financial year ending 31 March 2024, which would be deducted from the... |