Displaying items by tag: Mothball

UK: Mexico-based Cemex has confirmed its decision to mothball the 0.8Mt/yr integrated South Ferriby, Lincolnshire cement plant following a consultation period with employee and union representatives. The company estimates that the majority of redundancies of the plant’s 110 staff will happen in July 2020.

It said, “Cemex customers will be supplied from the company’s existing cement network. Cemex’s supply chain plan and commercial management will ensure that customer service will be maintained at all times. Cemex remains committed to the UK and will continue to have a strong national presence.”

UK: Cemex has announced the proposed mothballing of the 0.8Mt/yr South Ferriby integrated plant in Lincolnshire. It says that the move would lead to the redundancy of all staff employed at the plant except cement delivery drivers in the third quarter of 2020. A review of the optimal haulage provision will follow. Cemex says that the proposal is the outcome of ‘an analysis of the company’s European cement supply chain.’ Its final decision will follow ‘a process of collective consultation with affected employees.’ It says that the decision was unaffected by the coronavirus outbreak.

The group said that, “Cemex remains committed to the UK and its European business.” It added that the mothballing of the South Ferriby plant will ‘optimise the network it has available across the region.’ Cemex will continue to supply customers from its existing cement network, maintaining customer service and ‘high-quality products in line with customer expectations.’ Its strategic growth will focus on ‘larger metropolitan markets where demand and profitability will be strongest.’

Germany: HeidelbergCement’s profit was Euro1.24bn in 2019, down by 3.4% from Euro1.23bn in 2018. Its revenue grew by 4.3% to Euro18.9bn from Euro18.1bn. HeidelbergCement says that it reduced its specific net CO₂ emissions by 1.5% year-on-year to 590kg/t from 599kg/t in 2018 and ‘intensified its research and development (R&D) efforts on carbon capture and utilisation/storage (CCU/S)’ in every operating region globally.

The group announced a year-on-year increase in volumes in the first two months of 2020, with all but three of its plants (HeidelbergCement subsidiary Italcementi’s 2.8Mt/yr Calusco plant, 2.5Mt/yr Rezzato plant and 0.6Mt/yr Tavernola plant in Lombardy region, Italy) still operating through the coronavirus pandemic, though it noted that construction is slowing in the US, Australia and Western Europe due to the outbreak.

HeidelbergCement cancelled its 7 May 2020 annual general meeting (AGM) ‘due to the spread of the coronavirus.’