Cement News tagged under: western Europe
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... |
Spain’s cement demand drops 4% in January21 February 2024, Published under Cement NewsCement consumption in Spain declined by 3.6 per cent to 1,029,258t in January 2024, according to the Spanish cement association, Oficemen. Furthermore, in January 2024 exports fell by 20.5 per cent, resulting in the seventh-consecutive month of decline. A total of 346,436t was exported, 89,076t less than in January 2023. “The future of our industry faces multiple challenges, which is why it is vitally important to establish synergies with all the actors involved. Along these lines, we hav... |
Aggregate Industries to establish Southampton import facility20 February 2024, Published under Cement NewsAggregate Industries ’ cement business is expanding by establishing a new cement storage facility for deepsea shipping lines at the Port of Southampton, UK. As part of a 20-year agreement , Aggregate Industries will be working with port owner Associated British Ports and industry-leading cargo handler Solent Stevedores, who will be operating the cement import facility. This latest investment will help the business maintain a continuous supply of lower-carbon cementitious products thro... |
Cementos Molins appoints Javier Sueiras as CIO20 February 2024, Published under Cement NewsSpain-based Cementos Molins has named Javier Sueiras as its new Chief Information Officer (CIO). Mr Sueiras will lead the IT Solutions and Services area, focussing on promoting strategic technology and digital initiatives. His responsibilities includes the development and implementation of new processes and advanced technological solutions to enhance different areas of Cementos Molins, improving customer experience and operational efficiency. He graduated as an industrial engineering a... |
Vicat posts better than expected results in 202319 February 2024, Published under Cement NewsVicat posted 2023 EBITDA of EUR740m, a rise of 30 per cent compared to 2022, an improvement on analysts CIC Market Solutions’ expectations of EUR709-716m. Several factors account for Vicat's strong financial results, claims CIC Market Solutions. Despite a sharp downturn in the new housing segment in Europe (41 per cent of revenues, and 31 per cent in France), consolidated volumes were up 6.3 per cent, thanks in particular to the ramp-up of the Ragland kiln in Alabama. In the Americas, w... |