Denmark: FLSmidth’s sales were US$670m in the first quarter of 2022, up by 27% year-on-year. Its earnings before interest, taxation and amortisation (EBITA) rose by 59% to US$43m. The supplier’s cement business recorded a sales increase of 10%. This contributed to a continuation in the ‘positive trend’ in earnings from the end of 2021, along with improvements from executed reshaping activities. The business made a property sale worth US$3.27m. In light of the results for the quarter, the company announced that it has maintained its guidance of US$2.49 – 2.71bn consolidated sales and US$783 – 855m in cement business sales in 2022.

Chief executive officer Mikko Keto said “The first quarter of 2022 saw a strong momentum in order intake driven by both mining and cement.” Keto expanded “Our cement business has continued its positive development on improving profitability.”

Regarding the on-going Russian invasion of Ukraine, he said “Our key priority in this challenging time of war has been on the safety and well-being of our employees. We closely follow this tragic situation to ensure we take the right responsible decisions from a humanitarian, legal, and financial point of view.”

UK: Aggregate Industries’ Cauldon cement plant in Staffordshire has become the first industrial facility to operate a PRISMA liquid air energy storage system. Green technology developer Innovatium developed the product in collaboration with the University of Birmingham. The supplier says that it can deliver 25% energy savings for air compression and will help Aggregate Industries to realise its 2030 goal of 500kg/t of CO₂ emissions for its cementitious products.

Aggregate Industries sustainability director Kirstin McCarthy said “We are very proud to be the first partner to install the PRISMA system in an operational environment. Aggregate Industries is committed to transitioning to net zero, and supporting innovations like PRISMA is vital in helping us achieve that goal. McCarthy continued “We believe PRISMA can play a major role in addressing the ‘energy trilemma’ of managing energy efficiency, energy cost and energy security, and we're confident that its installation at Cauldon will further prove its decarbonisation credentials - a big step towards full commercialisation of the technology.”

Germany: Beumer has announced its acquisition of conveying systems supplier FAM Group. The group says that the two companies complement each other ‘ideally.’ FAM Group employs 750 people in Germany, Brazil, Canada, Chile, China and India, as well as representatives elsewhere. Beumer says that the company’s ‘leading technology’ for transporting and processing minerals fits well with its own portfolio.

Ireland: CRH has completed its divestment of its building envelope business. The group has reported the value of the deal as US$3.8bn.

In February 2022, CRH said that it had entered into a binding agreement to divest the building envelope business to US-based private equity firm KPS Capital Partners. It added that the decision to divest at an ‘attractive valuation’ followed a comprehensive review, demonstrating its active approach to portfolio management, the efficient allocation of capital and the creation of a simpler and more focused group.