Skip to main content

Claudius Peters hit by weak cement and steel industries

Published by , Editor
World Cement,


Claudius Peters continued to be impacted by a lack of investment in the cement and steel industries in 1H18, said parent company, Langley Holdings, in its latest interim report. There is also little sign of any immediate improvement, although sales in China did beat expectations.

Poor market conditions were exacerbated by “difficulties trading with the emerging market of Russia, due to political tensions,” said Anthony Langley, Chairman of Langley Holdings.

Buxtehude-based Claudius Peters is a supplier of materials handling, grinding and clinker cooling equipment to the cement and other industries. It also operates an aerospace division, which supplies aircraft parts for Airbus.

Langley Holdings reported revenue of €398.2 million in the first six months of the year, in line with expectations. Revenue is expected to finish the year at €921.9 million, an increase on the €903.5 million achieved in 2017.

Read the article online at: https://www.worldcement.com/product-news/01082018/claudius-peters-hit-by-weak-cement-and-steel-industries/

You might also like

The World Cement Podcast - CleanTech & Venture Capital

Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.

Tune in to the World Cement Podcast on your favourite podcast app today.

Apple Podcasts  Spotify Podcasts  YouTube

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Cement news 2018