Cement News tagged under: western europe
Holcim breaks ground on GO4ZERO plant16 May 2024, Published under Cement NewsHolcim has broken ground on its state-of-the-art GO4ZERO plant in Obourg , Belgium. The plant, which marks an investment of more than EUR500m, is expected to produce 2Mta of net-zero cement by 2029. According to Holcim, the GO4ZERO project transforms cement manufacturing at every stage of the process. Accelerating decarbonised energy use, more than 95 per cent of its energy will be sourced from alternative fuels, while over 30 per cent of its raw mix will come from partly decarbonise... |
CRH revenue up 2% YoY in 1Q2416 May 2024, Published under Cement NewsCRH has reported total revenue of US$6.5bn in the opening quarter of 2024, ended 31 March. This marks a two per cent expansion compared to the same period a year earlier. Adjusted EBITDA over the 1Q24 came in at US$445m, up 15 per cent YoY, while the adjusted EBITDA margin advanced 80bps to 6.8 per cent. The gain in adjusted EBITDA was attributed to the continued delivery of the company’s integrated solutions strategy, strong commercial progress, ongoing costs control and further operation... |
Menzel opens new headquarters and motor plant16 May 2024, Published under Cement NewsMotor and drive specialist Menzel Elektromotoren has celebrated the opening of its new headquarters near Berlin with a grand inauguration party. In honour of company founder Kurt Menzel, the date was set for the 120 th anniversary of his birthday on 14 May 2024. The company required extra space and modern production facilities designed for efficient processes and larger, heavier machines. In addition to state-of-the-art machinery, efficient paint shops and test fields that can accomm... |
FLSmidth reports 55% increase in 1Q EBITA15 May 2024, Published under Cement NewsFLSmidth posted a 1Q24 total revenue of DKK4839m, down 19.6 per cent YoY from DKK6016m. Total order intake was down 6.8 per cent YoY to DKK5248m from DKK5632m. However, EBITA increased by 55.3 per cent to DKK365m in the 1Q24 from DKK235m. The EBITA margin stood at 7.5 per cent. Cement Cement order intake was down 22.5 per cent YoY to DKK1042m in the 1Q24 from DKK1344m in the 1Q23. Product order intake fell by 40 per cent YoY, partly due to the continued reduction in its portfolio and exi... |
Italian cement expanding amid strong government spending14 May 2024, Published under Cement NewsItalian cement output continues to expand, rising 10 per cent YoY in February 2024, according to the latest data from Italian concrete association, Federbeton. This follows a 14 per cent expansion in January. Import and export data, which lag production data by one month, show grey cement imports jumped 78 per cent YoY to 265,322t in January, with a total CIF value of EUR22.2m or EUR84/t as value per tonne, down from EUR94/t in December 2023. Meanwhile, grey cement exports rose 27 pe... |
Holcim France steps up decarbonisation investments14 May 2024, Published under Cement NewsHolcim is deploying an extra EUR60m to continue the decarbonisation of its industrial sites in France. These funds also come in addition to the EUR200m already invested over the last three years. This major investment plan in favour of the decarbonisation of operations in France and the circular economy will make it possible to develop new technological and industrial platforms aimed at improving the environmental performance of the seven factories on French territory. They will be put i... |
Titan America to be listed in US equity market13 May 2024, Published under Cement NewsTitan Cement International has announced its intention to proceed with the IPO of its US business ( Titan America ), with the aim of raising funds that will facilitate the group’s and Titan America’s future growth. Titan America, a US$1.6bn sales business, is a leading and fully integrated player in the high-growth economic regions of the US East Coast, with operations and leading market positions across Florida, the Mid-Atlantic, and Metro New York/New Jersey. According to the company... |
Cementir posts higher sales in 1Q2410 May 2024, Published under Cement NewsCementir cement and clinker sales volumes equal to 2.4Mt increased by 2.3 per cent in the 1Q24 compared to the same period of 2023 thanks to the increase recorded in Turkey, which offset the decline in volumes in other geographical areas. Francesco Caltagirone Jr, Cementir chairman and CEO, commented: “Results for the first quarter of 2024 were in line with our expectations, with sales volumes up but revenues and EBITDA down, compared to the first quarter of 2023. The excellent performa... |
C-Capture partners with Heidelberg Materials on carbon capture trial10 May 2024, Published under Cement NewsC-Capture, a UK-based developer of next generation technology for carbon dioxide removal, has launched a new carbon capture trial in partnership with Heidelberg Materials . The trial, which utilises C-Capture’s innovative solution for industrial decarbonisation, is taking place at Heidelberg Materials' cement plant in Ketton , Lincolnshire, UK. It forms part of C-Capture’s national project, ‘XLR8 CCS – Accelerating the Deployment of a Low-Cost Carbon Capture Solution for Hard-to-Abate... |
CRH announces new share buyback10 May 2024, Published under Cement NewsCRH plc has completed the latest phase of its share buyback programme, returning a further US$0.3bn of cash to shareholders. Between 29 February 2024 and 9 May 2024, 3.7m ordinary shares listed on the New York Stock Exchange were repurchased. This brings the total cash returned to shareholders under the ongoing share buyback programme to US$7.6bn since it began in May 2018. CRH has also announced that it has entered into an arrangement with HSBC Securities (USA) Inc to repurchase ordin... |