“Back British Cement” campaign update

Summary by AI BETAClose X

Breedon Group PLC has provided an update on its "Back British Cement" campaign, highlighting engagement with the government but stressing the need for further progress on key issues. The company, which supplies approximately two million tonnes of cement annually and supports over 4,000 jobs, is concerned about the declining UK cement production and the competitive disadvantage faced by domestic producers due to uncompetitive industrial electricity costs and uneven carbon regulations compared to foreign importers, which now represent over a third of UK cement sales. Breedon is seeking government action on strengthening the UK Carbon Border Adjustment Mechanism (CBAM), aligning UK-EU carbon pricing, including cement in industrial electricity compensation schemes, explicitly recognising cement as a strategic material in procurement reforms, and accelerating support for industrial decarbonisation technologies.

Disclaimer*

UK 100

Latest directors dealings