Displaying items by tag: Cementir Holding

Denmark: Aalborg Portland Cement says that the market ‘warmly welcomed’ its new FUTURECEM calcined clay cement in 2021. The product has reached its sales expectations for the year and is now nearly sold out for 2022. The company says that its plan to ramp up FUTURECEM production to replace 50% of grey cement production at its Rørdal cement plant is on track.

Parent company Cementir Holding says that the success of FUTURECEM rests on four pillars, namely its suitability for intended applications, targeted communication, close dialogue with concrete producers and the entire value chain and strategic partnerships with leading construction clients. It said “The lesson learned is that the market needs thorough information about new products and its industrialisation to rely on and implement them in place of conventional products.” The group added that its experience in Denmark paves the way for limestone calcined clay technology rollouts in other markets in line with its sustainable roadmap towards 2030.

Italy: Cementir Holding has been achieved its first CDP A- rating for climate change mitigation in its operations. The producer said that the global average rating is B-, compared to B in Europe and in the cement and concrete industry globally. CDP awarded Cementir a B for water security, its first such rating in the category.

Chair and chief executive officer Francesco Caltagirone said “This achievement is a further recognition of our efforts to make our carbon footprint more sustainable. We are committed to tackling climate change and minimising our environmental impact.”

Italy: During the first nine months of 2021, Cementir Holding recorded consolidated sales of Euro1.01bn, up by 12% year-on-year from Euro897m in the corresponding period of 2020. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 21% to Euro215m from Euro178m. Its net debt on 30 September 2021 was Euro100m, less than half that on 30 September 2020. Its third-quarter cement and clinker sales were 2.9Mt, down by 7.5% year-on-year. This was due to the impacts of pent-up demand post-Covid-19 lockdown, especially in Belgium and Turkey, in the third quarter of 2020.

Dow Jones Global News has reported that chair and CEO Francesco Caltagirone said "In the first nine months of 2021, the group reported results in line with our expectations.”

Denmark: Aalborg Portland Cement will begin construction of a carbon capture and storage (CCS) system at its Rørdal, North Jutland, cement plant. It will collaborate with Project Greensand CCS consortium partners to store the captured CO2 in drained oilfields below the North Sea. The company estimates that the Danish part of the North Sea has 16Gt of CO2 storage capacity, out of 300Gt under all EU waters. The endeavour aims to help Denmark to realise its targeted 70% reduction of CO2 emissions by 2030.

Research and development director Jesper Sand-Damtoft said “The establishment of capture facilities, transformation from carbon to gas and transport to the North Sea all require great investments from a business such as ours, and the realisation of the climate potential thus depends greatly on financial support.”

Italy: Cementir’s revenue rose by 16.5% year-on-year to Euro665m in the first half of 2021 from Euro570m in the same period in 2020. Its cement and ready-mixed concrete sales volumes grew by 18.7% to 5.46Mt and 31.4% to 2.52Mm³ respectively. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 36.6% to Euro134m from Euro 97.8m. The cement producer noted strong cement sales volumes performance in Turkey, Belgium and Denmark and good concrete sales volumes also in Turkey.

“Despite the first half 2020 [when] results were affected by the lockdown due to Covid-19, during 2021 all the markets in which we operate are showing signs of vivacity and in particular Turkey is recovering significantly," said chairman and chief executive officer Francesco Caltagirone Jr.

Italy: Cementir Holding recorded revenues from sales and services of Euro1.22bn in 2020, up by 1% year-on-year from Euro1.21bn in 2019. Cement and clinker volumes rose by 13% to 10.7Mt from 9.49Mt. Volumes registered the sharpest increase in Turkey, of 39%. Ready-mixed concrete (RMX) volumes grew by 7.8% to 4.4Mm³ from 4.1Mm³. The company maintained its 2019 earnings before interest, taxation, depreciation and amortisation (EBITDA) levels of Euro264m. It said that an improvement in performance in Turkey, Denmark, Egypt, China and Sweden balanced out negative effects on earnings in Belgium, US and Malaysia.

Chair and chief executive officer Francesco Caltagirone said, “In 2020, despite the serious pandemic, the group showed significant resilience with a 13% increase in cement volumes sold and revenue reaching the historical record. On a recurring basis, EBITDA increased by 2%, EBIT was up by 4% and yearly cash generation was Euro119m."

Under Plan 2021 – 2023 Industrial Plan, the company says that it envisages sales growth of 20% to Euro1.47bn and EBITDA growth of 29% to Euro340bn in 2023 compared to 2020 figures. It said that digitalisation investments begun in 2019 will contribute an expected Euro15m to EBITDA in 2023. As part of its sustainability commitments it has set a CO₂ emissions reduction target of around 30% by 2030, with emissions below 500kg/t of grey cement. However, it said that under the future European Taxonomy criteria white cement emissions are not included.

The group is planning to invest around Euro107m from 2021 to 2023 on sustainability and digitalisation. This includes a the construction of a new calcination plant in Denmark for the production of its Futurecem product and, the installation of wind turbines with an installed capacity of 8.4MW. It is also planning to increase the alternative fuels substitution rate at its integrated Gaurain plant in Belgian to 80% from 40% and invest in the use of natural gas and biogas in some of its plants.

Italy: Caltagirone Group subsidiary Cementir Holding has announced the upcoming launch of its FutureCem grey cement product on 1 January 2021. The company says that it has 30% lower CO₂ emissions than normal ordinary Portland cement (OPC). It developed the product in collaboration with its Denmark-based subsidiary Aalborg Portland using 35% limestone and calcined clay to replace clinker. This resulted in a much more sustainable, high grade cement according to the company. It added that the low carbon benefits of FutureCem have been achieved without compromising strength and quality.

Chief sales, marketing and commercial development officer Michele Di Marino said that FutureCem is a ‘giant step’ on the way towards more sustainable cement production. “This is immensely important if we are to achieve our sustainability goals at Cementir Group,” said Di Marino. “But it is also an important contribution to the green transition of the concrete and construction industries in general. Thanks to the efforts of our research and development department in Aalborg, we are ready to begin distributing the FutureCem technology in Denmark and soon other subsidiaries in Europe will follow.” He added, “We have reached an important milestone in our innovation and sustainability efforts, but we are not done. Currently, we are incorporating the technology into more cement types in our product range. This includes white cement, and we have already introduced two white ultra-high performance concrete (UHPC) premix types with FutureCem technology.”

Italy: Caltagirone Group company Cementir Holding sold 7.7Mt of grey cement, white cement and clinker in the first nine months of 2020, up by 11% year-on-year from 6.9Mt in the first nine months of 2019. Earnings before interest, taxation, depreciation and amortisation (EBITDA) declined by 2% over the period, to Euro178m from Euro182m, while sales also declined, by 1% to Euro897m from Euro906m.

One notable region where the trend was reversed was Egypt, where, in spite of a 2.5% fall in cement and clinker volumes, EBITDA rose by 40% to Euro6.81m from Euro4.86m and sales rose by 16% to Euro31.3m from Euro27.1m. EBITDA also rose in the Nordic and Baltic, Turkey, China and Asia-Pacific regions.

Chief executive officer (CEO) and chair Francesco Caltagirone said, “Results significantly improved in the third quarter, with cement up by 19% and EBITDA up by 12% compared to the third quarter of 2019.”

Italy: Caltagirone Group subsidiary Cementir has recorded first-half revenues of Euro570m in the first half of 2020, down by 3.6% year-on-year from Euro591.9m in the first half of 2019. Net profit was Euro21.9m, down by 27% from Euro29.9m. The company sold 4.6Mt of cement, up by 6.3% from 4.3Mt, which it said was “mainly attributable to good performance in Turkey.”

Operating costs fell by 3.9% to Euro475m from Euro494m, which the company attributed to “cost containment measures implemented to deal with the impact of the pandemic.” The company said that, in spite of the contraction during lockdown periods in various markets, it was generally able to offset this with “a significant recovery in sales,” as in China, where increased infrastructure investments raised demand above pre-coronavirus outbreak levels following the return to cement production on 27 March 2020. The company reduced its debt by 30% to Euro281m from Euro399.

Cementir said, “With the current industrial perimeter, we expect to reach full-year consolidated revenues of approximately Euro1.2bn in 2020. Net financial debt is expected to be around Euro180m, including capital expenditure of around Euro60m. No substantial changes in the workforce are expected.”

Italy/The Netherlands: Cementir Holding has appointed the board of directors for the period 2020 - 2022 made up of nine members: Francesco Caltagirone as executive director, with Azzurra Caltagirone, Alessandro Caltagirone, Edoardo Caltagirone, Saverio Caltagirone, Fabio Corsico, Paolo Di Benedetto, Veronica De Romanis and Chiara Mancini, all acting as non-executive directors.

As the holding company is based in the Netherlands, directors Paolo Di Benedetto, Veronica De Romanis and Chiara Mancini have declared that they meet the independence requirements pursuant to the Dutch Self-Discipline Code. The meeting also appointed PricewaterhouseCoopers Accountants NV as auditor for the years 2021 - 2030. Cementir Holding reported a net profit attributable to shareholders of Euro83.7m for 2019.