Adjusted EBITDA was R$4.9 billion, 6% lower than the previous year. EBITDA margin was 19%, five percentage points lower than in 2021. Leverage, measured by the net debt/adjusted EBITDA ratio, was 1.55x, the same as 2021 and the best level in over ten years. Net profit in the year was R$1.1 billion. The company...
CEMEX’s update to its Green Financing Framework aligns it with its more ambitious decarbonization goals announced in 2022. Through this update, CEMEX will strengthen financing avenues for innovative technology needed to reach carbon neutrality. CEMEX announced that it has updated its Green Financing Framework to align it with its more ambitious decarbonization goals. The update...
The Science Based Targets initiative (SBTi) has validated Heidelberg Materials’ 2030 carbon reduction targets under its new 1.5°C framework Heidelberg Materials commits to individual scope 1 and 2 targets as well as a scope 3 target for 2030, in relation to the base year 2020 CCUS and circularity are the company’s key levers to reach...
“We closed 2022 with a very good result thanks to a great finish in the fourth quarter,” says Dr. Dominik von Achten, CEO of Heidelberg Materials. “As part of our Customer Excellence Programme, we were able to more than offset the sharp rise in energy costs in the fourth quarter for the first time during...
Manufacturing has demonstrated continued strength in 2022, building on the momentum it gained emerging from the pandemic, and surpassing expectations from the prior two years. While overall demand and production capacity have hit recent highs, there are indications that the near-term outlook may not be as bright. The industry is currently experiencing concerns related to...
2023 will be a crucial year for the built environment in Europe with the publication by the European Commission of the Construction Ecosystem Transition Pathway and the Whole life Carbon Roadmap. This is why the four European associations representing the concrete sector and its value chain – BIBM (the Federation of the European Precast Concrete...
Japan shut down its power plants in the wake of the nuclear accident and switched to coal and natural gas. The need to move to renewable energy has, of course, been more pressing over the past ten years, and he has started to explore for safe ways to use nuclear energy, which is seen as...
Italcementi looks to the future of building materials by choosing to move its executive offices from the Red Kilometer of Bergamo to the Milan metropolitan area and preparing to embrace the new global brand “Heidelberg Materials“. Roberto Callieri, CEO of Italcement: “In an increasingly global world, an ambitious company must have the foresight to make important choices for its...
UltraTech has been recognized as a leader in ‘climate change’ by Carbon Disclosure Project (CDP), a global non-profit environmental organization, for its 2022 CDP disclosure. They received an ‘A-’ score for implementing best practices and for taking concerted action on climate issues, securing a place in the Leadership category. UltraTech’s score of ‘A-‘ in FY22...
Reaching net zero by 2050 requires finding innovative ways to reduce emissions and decarbonize some of the most polluting sectors and industries. Clean hydrogen can be crucial in minimizing climate change impacts, helping decarbonize hard-to-abate sectors that rely on fossil fuels—such as heavy industry, shipping, and air transport—while contributing to food security, economic growth, and...