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News Kunda Nordic Tsement to close plant

Kunda Nordic Tsement to close plant

Written by Global Cement staff 19 March 2020
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Estonia: Germany-based HeidelbergCement’s subsidiary Kunda Nordic Tsement has announced the planned closure of its 0.8Mt/yr integrated Kunda plant in Kunda, Lääne-Viru County in March 2020. Business World Magazine has reported the plant closure will result in 80 redundancies. The company has stated the reason for the closure as being that the plant’s equipment, which produces cement by the wet method, is economically unviable due to its CO2 intensity.

The price of EU Emissions Trading System (ETS) emissions permits fell to Euro15.24/t of CO2 on 18 March 2020, down by 30% from Euro21.71/t on 18 March 2020.

Last modified on 25 March 2020
Published in Global Cement News
Tagged under
  • Estonia
  • Kunda Nordic Tsement
  • Plant
  • Closure
  • Redundancy
  • CO2
  • line
  • Emissions Trading Scheme
  • Price
  • costs
  • GCW448
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