Displaying items by tag: Europe

Denmark: FLSmidth has announced that it has now closed the sale of its cement business to an affiliate of global private equity firm Pacific Avenue Capital Partners. The company said that the transaction does not change its previously announced financial guidance for the full year 2025.

The company previously announced that it had entered into this agreement in June 2025, for a total value of €75m.

Italy: Federbeton, which represents the cement and concrete industry, has signed a memorandum of understanding with Assocarta, the association of paper, cardboard and pulp producers, to develop synergies in circular economy and decarbonisation initiatives.

The agreement aims to recover paper industry waste as a resource for reducing CO₂ emissions in cement production. Recycled waste and sludge will be used to produce solid fuel recovered (SRF). The protocol includes joint technical discussions to identify suitable recovery conditions, cooperation in securing national and EU funding and engagement with public authorities to improve regulatory frameworks.

Federbeton president Stefano Gallini said “If decarbonisation is a systemic challenge, achieving this goal necessarily requires collaboration and shared commitment. The agreement with Assocarta stems precisely from this awareness and is a concrete tool to accelerate the path towards carbon neutrality. Replacing fossil fuels with solutions like SRF represents an immediate opportunity for the environment, the community and the country's energy independence. It is a lever already widely adopted in Europe, where the average substitution rate is 56%. In Italy, we still stand at 26%, due to inconsistent application of regulations and cultural mistrust.”

Spain: Molins recorded a net profit of €141m in the first nine months of 2025, down by 8% year-on-year, mainly due to the depreciation of the Mexican and Argentine currencies. On a like-for-like basis, net profit rose by 3% compared with the corresponding period in 2024. Revenues were €1bn, 2% lower than the same period last year, but up by 7% at constant exchange rates, driven by selling price adjustments amid slowing demand and global uncertainty. Earnings before interest, taxation, depreciation and amortisation (EBITDA) totalled €263m, down by 4%, but up by 6% at constant currencies, supported by higher operating efficiency and favourable pricing effects. The company also achieved one of its 2030 Sustainability Roadmap goals, reducing its clinker factor below 67%, placing it ahead of its 2030 target.

Austria: Energy utility Verbund has commissioned a 15.4MW solar power plant at Holcim’s Mannersdorf cement plant in Lower Austria. Operational since mid-2025, the 17-hectare solar park features 22,204 modules that produce 19.3GW/yr of electricity, meeting around 15% of the plant’s total energy demand.

Verbund said the project will avoid up to 15,000t/yr of CO₂ emissions. It designed, built and will operate the facility. Holcim said the installation is central to its plan to power the Mannersdorf plant entirely with renewable energy by 2030.

Serbia: The economy ministry will provide Lafarge Srbija, part of the Holcim Group, with a €10.6m subsidy to help finance the construction of a new cement plant in Belgrade’s Obrenovac municipality, according to SeeNews. The government initially announced the cement producer’s plans to build a new plant in August 2024. Lafarge reportedly plans to invest €112m in the project by the end of 2027. The company will hire 51 additional full-time workers by the end of 2026, bringing total employment to 320, which it will maintain for at least five years after completion. The subsidy, equivalent to 9.5% of total investment, will be paid in three tranches between 2026 and 2028.

The Obrenovac plant will produce cement using ash from nearby thermal power plants operated by state-owned Elektroprivreda Srbije (EPS). In February 2025, EPS signed a 10-year agreement to supply 20Mt of ash from the Nikola Tesla B power plant to a consortium of Lafarge Srbija and Elixir Group. Lafarge Srbija also acquired the Jazovnik stone quarry in Vladimirci, 30km from the new site, to establish a complete logistics chain for the complex. The producer operates an existing cement plant in Beocin.

Spain: Cement consumption rose by 19.5% year-on-year in September 2025 to 1.49Mt, 243,000t more than in the same month of 2024, according to data from Oficemen. Cumulative growth for the first nine months reached 10%, with total consumption at 12.0Mt, 1.06Mt higher than in September 2024.

Officemen director general Aniceto Zaragoza said “Although consumption trends are very positive, it's important to put the data into context: we are still below the level necessary to adequately cover our country's public works and housing needs. According to the Bank of Spain, the current deficit is 700,000 new homes. To meet this demand, it would be necessary to reach consumption of around 20Mt/yr - the same as in 2011 - which shows that there is still clear room for growth.” Rolling-year data shows total consumption at 15.96Mt, up by 10% year-on-year. Exports fell by 8.5% in the first nine months of 2025 to 3.39Mt, with a sharp 24% drop in September 2025, while imports rose by 31% to 1.40Mt.

Switzerland: The first nine months of 2025 yielded a 2% year-on-year decline in sales for Holcim, from US$15.3bn to US$15bn. Nonetheless, the company succeeded in raising its recurring earnings before interest and taxation (EBIT) by 2% to US$2.86bn. It recorded year-on-year organic growth of 3% in sales and 11% in EBIT. Holcim noted the centrality of sustainability in its growth in the period. Its sales of ECOPlanet reduced-CO₂ cement rose from 32% to 35% of total cement sales, while its sales of ECOPact reduced-CO₂ concrete sales from 26% to 31% of total ready-mix concrete sales. Its use of construction-demolition materials (CDM) in production rose by 20% year-on-year.

During the period, Holcim continued its on-going diversification through the acquisition of Germany-based walling systems producer Xella. At the same time, the company’s cementitious division continued to target ‘profitable growth in highly attractive markets,’ as exemplified through its Australia-based joint venture Cement Australia’s acquisition of BCG Cement. Across all divisions, Holcim closed 14 value-accretive transactions in the period. It spun off Holcim North America and sold its Nigerian cement business and Iraq-based Karbala Cement Manufacturing.

CEO Miljan Gutovic thanked Holcim’s 45,000 employees, saying "We are delivering on Holcim's vision to be the leading partner for sustainable construction. With accelerating net sales growth in the third quarter of 2025, we delivered strong profitable growth for the first nine months of the year, with a 10% increase in recurring EBIT in local currency and an industry-leading margin of 19%. Margin expansion was driven by our high-value strategy, scaling up our sustainable offering to meet customer demand, and accelerating decarbonisation and circular construction for profitable growth.” Gutovic confirmed Holcim’s full-year guidance for 2025, namely: recurring EBIT growth of 6 – 10% in local currency, with a margin of above 18% and free cash flow before leases of US$2.51bn.

Europe: Germany-based Heidelberg Materials has begun deliveries of EvoZero carbon-captured cement to customers across Europe. Subsidiary Heidelberg Materials Northern Europe produces EvoZero cement at its net-zero Brevik cement plant in Norway. Early adopters to purchase the product include Sweden-based Skanska for its construction of the Skøyen metro station in Oslo, Norway.

Heidelberg Materials launched a 400,000t/yr, 50% carbon capture and storage (CCS) plant at the Brevik plant on 18 June 2025. The plant’s capture and storage data are verified by certification organisation DNV Business Assurance Germany and digitally recorded in Heidelberg Materials' proprietary Carbon Bank.

CEO Dr Dominik von Achten said "I am proud and pleased that the entire process chain is now in place and that our CCS plant in Brevik is now directly contributing to the reduction of CO₂ emissions in construction. EvoZero is proof of our commitment to driving real measurable decarbonisation and leading the transformation of the construction industry."

Germany/Norway: Heidelberg Materials will supply its EvoBuild 3D printing concrete for use in property developer KrausGruppe’s DreiHaus residential construction project in Heidelberg, Baden-Württemberg. PERI 3D Construction and Korte-Hoffmann Gebäudedruck will execute the project, which consists of three three-storey tower blocks.

Heidelberg Materials says that it will supply a concrete blend featuring its EvoZero carbon-captured cement for the third tower block, the first application of the product in Germany. Subsidiary Heidelberg Materials Northern Europe produces EvoZero cement at its net-zero Brevik cement plant in Norway.

Norway/Germany: Heidelberg Materials has officially launched its evoZero product, which the company claims to be the world's first ‘carbon-captured cement,’ to customers across Europe. evoZero is a globally unique product, made possible by carbon capture technology at Heidelberg Materials' CCS plant in Brevik, Norway. The product comes with a uniquely low Global Warming Potential, delivered via a process that is now fully third-party verified by DNV Business Assurance Germany and digitally traceable to ensure seamless transparency.

One of the very first deliveries of evoZero was to the construction of the new Skøyen Station in Oslo, Norway. Another early project for evoZero is the DREIHAUS 3D-printing project, with a total of three houses currently being developed in Heidelberg, Germany. Compared to traditional construction methods, the 3D printing process enables significantly reduced material consumption through optimised design, further reducing CO₂ emissions.
Dominik von Achten, CEO of Heidelberg Materials, said "I am proud and excited to announce that the entire process chain is now established and our Brevik CCS facility is directly contributing to the reduction of carbon emissions in the built environment. evoZero stands as proof of Heidelberg Materials' commitment to real, measurable decarbonisation and our ambition to lead the transformation of construction.”