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Votorantim Cimentos’ EBITDA and earnings grow slowly in 2019

31 March 2020

Brazil: Votorantim Cimentos earned revenues of US$2.47bn in 2019, up by 3.0% year-on-year from US$2.39bn in 2018. Its earnings before interest, taxation, depreciation and amortisation rose by 1.1% to US$513m from US$507m in 2018. Throughout the year, the company says that it paid off approximately US$570m of debt and contracted with a syndicate of banks for a new committed credit facility (CCF) for its alternative fuel substitution and CCF reduction initiatives of US$55.1m, due in August 2024.

On 30 March 2020 Votorantim Cimentos donated US$5.5m to fighting the effects of the coronavirus in Brazil.

Published in Global Cement News
Tagged under
  • Brazil
  • Votorantim Cimentos
  • Results
  • Sales
  • EBITDA
  • Debts
  • Loan
  • Alternative Fuels
  • coronavirus
  • Donation
  • GCW449

Concrete Sustainability Council awards Schwenk plants gold

31 March 2020

Germany: Schwenk Zement’s 1.2Mt/yr Karlstadt cement plant in Bavaria, 1.0Mt/yr Allmendingen and Mergelstetten cement plants in Baden Württemberg and 0.86Mt/yr Bernburg cement plant in Saxony-Anhalt have all achieved the Concrete Sustainability Council (CSC)’s gold certification, enabling the use of their cements in concrete for CSC certified sustainable buildings. Schwenk building consultancy head Werner Rothenbacher said, “Schwenk is committed to sustainable cement production at all locations. More works will follow soon.” In addition to its cement plants, Schwenk operates numerous ready-mix concrete production facilities in Germany.

In 2019 20% of German new-builds were CSC certified.

Published in Global Cement News
Tagged under
  • Germany
  • Schwenk Zement
  • Plant
  • Concrete Sustainability Council
  • certification
  • concrete
  • construction
  • readymixed concrete
  • GCW449

Hope stays open through Breedon coronavirus lockdown

31 March 2020

UK: Breedon Group has suspended production at all UK sites except operations that ‘serve critical supply needs,’ such as those of the Hope, Derbyshire, cement plant. The group’s Ireland operations also continue, ‘pending further guidance from the Irish government.’

Breedon Group says that it has taken the temporary measures ‘to ensure the safety and wellbeing of colleagues, subcontractors, customers and communities.’

Published in Global Cement News
Tagged under
  • UK
  • Breedon Group
  • coronavirus
  • Suspension
  • Plant
  • Ireland
  • Safety
  • Government
  • GCW449

Taiheiyo Cement announces specific measures to meet 2050 emissions vision

31 March 2020

Japan: Taiheiyo Cement has set out the measures by which it aims to achieve its July 2019 target to ‘reduce net CO2 emissions per unit of cement production’ by 80% between 2000 and 2050. The measures consist of: the introduction of energy-saving equipment, the promotion of alternative fuels (AFs) and the development of lower-CO2 cements, accounting for a minimum 15% reduction; development and introduction of new technologies to the production process, targeting especially indirect emissions by modernising energy sources, accounting for a minimum 15% reduction; assumption of future technologies, accounting for a minimum 50% reduction.

Published in Global Cement News
Tagged under
  • Japan
  • Taiheiyo Cement
  • CO2
  • Emissions
  • target
  • Alternative Fuels
  • low carbon cement
  • development
  • equipment
  • Energy
  • indirect emissions
  • GCW449

Cembureau offers EU carbon border adjustment mechanism guidance to European Commission

31 March 2020

EU: Cembureau has welcomed the European Commission (EC)’s proposal for consultations on setting up a carbon border adjustment mechanism (CBAM) for imported goods including cement, and set out a number of ‘design principles’ that it says ‘should apply’. According to Cembureau, a CBAM ought to be: complementary to EU emissions trading scheme (ETS) free allowances (in the initial phase) and World Trade Organisation (WTO) compatible, based on importers’ verified emissions, including indirect emissions, applicable to all ETS sectors and capable of providing a CO2 charge exemption for EU exporters.

The EC has said that it will present a final proposal for a CBAM by mid-2021.

Published in Global Cement News
Tagged under
  • European Union
  • European Commission
  • Cembureau
  • Emissions
  • Emissions Trading Scheme
  • carbon border adjustment mechanism
  • World Trade Organisation
  • verification
  • indirect emissions
  • Export
  • exemption
  • GCW449
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