European cement news

Green cement company, Ecocem, has announced the completion of a €22.5 million equity investment by Breakthrough Energy Ventures (BEV) and Breakthrough Energy Ventures-Europe (BEV-E). BEV will also nominate a director to the company’s Board of Directors.

The company recently held its 132nd Annual General Meeting – for the second time in a row in virtual form. The Annual General Meeting approved all items on the agenda with a large majority and welcomed the return to the progressive dividend policy.

The company has shared its optimistic outlook for 2021, and expects continued strong demand in private residential construction and infrastructure in all regions.

The company’s HERACLES Group has signed an agreement with HALYPS Domia Ylika SA of HeidelbergCement to acquire the aggregates business and two ready-mix concrete plants in Athens, Greece.

LafargeHolcim shareholders have approved all of the Board of Directors’ proposals at the Annual General Meeting that took place in Zug.

Dwight Savage has joined Schust as Project Manager. Savage will provide customers with an air pollution control project that is done safely and meets or exceeds the customer’s clean air goals and objectives.

In cooperation with leading key players, Sika is working on the development of concrete admixtures implementing the LC3 technology that lowers CO2 emissions, developed by the Swiss Federal Institute of Technology Lausanne.

The company has announced that it is acquiring a new floating bucket chain dredger in its Rogätz quarry, about 100 km southwest of Berlin.

To mark World Creativity and Innovation Day, the GCCA is announcing the expansion of its innovation programme, ‘Innovandi’ to encompass a new Open Challenge innovation accelerator programme.

As rationale behind the rating upgrade, Moody’s particularly highlighted HeidelbergCement’s resilient performance throughout 2020 and its strong cash flow generation.