HeidelbergCement’s first-half 2019 revenue increased by around 7% to €9.2 billion thanks to solid demand and price increases, according to the company.
LafargeHolcim is increasing its efforts to further improve the carbon-efficiency of its cements with the launch of Project CO₂MENT at its Richmond, B.C., Canada, plant. The objective is to build the world’s first full-cycle solution to capture and reuse CO2 from a cement plant while also reducing greenhouse gas emissions. The project is a partnership between Lafarge Canada, Inventys and Total.
A $500 million private capital refinancing positions McInnis Cement to continue ramping up terminal and rail distribution infrastructure throughout the Northeast. Outlays for 2019-20 adhere a market development plan attending the producer’s 2017 dedication of a 2 million-plus-tpy greenfield plant on the eastern reaches of Quebec.
Members of the Institutional Investors Group on Climate Change (IIGCC) and participants in Climate Action 100+, a global shareholder engagement initiative, are calling on leading European cement companies to take necessary steps to combat climate change. The measures are outlined in “Investor Expectations of Companies in the Construction Materials Sector,” which was published by IIGCC and can be downloaded here.
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