Cement News tagged under: HeidelbergCement
Moody Investors Service upgrades HeidelbergCement's rating22 April 2021, Published under Cement NewsMoody’s Investors Service has upgraded HeidelbergCement’s long-term issuer rating to Baa2 from Baa3. Concurrently, the rating agency has upgraded the backed short term rating to (P)P-2 from (P)P-3. The rating outlook is stable, claims Heidelbergcement. As rationale behind the rating upgrade, Moody’s particularly highlighted HeidelbergCement’s resilient performance throughout 2020, its strong cash flow generation as well as its conservative financial policy including its commitment to k... |
Which US cement producers can exploit higher cement demand in 2021?16 April 2021, Published under Cement NewsThe Portland Cement Association's ( PCA) Spring Cement Consumption Forecast for 2021-22 indicated that cement demand in the USA could match or exceed last year's growth of two per cent, despite the loss of nearly 9.5m jobs and a severe decline in real GDP as a direct result of the country's lockdowns and economic impact from COVID-19. Further, the PCA was keen to highlight the long-term upturn in US cement demand that would be supported by the US$2.2trn eight-year infrastructure 'Bui... |
S&P Global raise HeidelbergCement's credit rating16 April 2021, Published under Cement NewsS&P Global Ratings raised HeidelbergCement’s long- and short-term issuer credit ratings to BBB/A-2 from BBB-/A-3 and the issue ratings on its debt to BBB from BBB-, while giving a stable outlook. As rationale behind the rating upgrade, S&P highlighted HeidelbergCement’s ability to significantly reduce its debt in 2020, despite the COVID-19 pandemic, thanks to extensive cost saving measures, resilient operating performance and strong cash flow. As a result, HeidelbergCement's leverag... |
HeidelbergCement updates markets on preliminary 1Q21 expectations16 April 2021, Published under Cement NewsHeidelbergCement AG's preliminary 1Q21 financial figures deviate significantly from current capital market expectations. Preliminary revenue amounts to EUR3958m (previous year: EUR3930m) in 1Q21. The capital market expects EUR3873m for this key figure. The preliminary result from current operations before depreciation and amortisation (operating EBITDA) amounts to EUR538m (previous year: EUR405m) in 1Q21. The capital market expects EUR436m for this key figure. The preliminary result... |
HeidelbergCement buoyed by FY20 results19 March 2021, Published under Cement NewsHeidelbergCement closed the 2020 financial year with top results in key figures. Group revenue decreased by 6.6 per cent to EUR17,606m ( previous year: EUR18,851m) in comparison with the previous year. On a like-for-like (LfL) basis, the decline amounted to 4.6 per cent. The EUR601m decrease in HC Trading's revenue due to the decision to significantly reduce fuel trading with third-party customers contributed significantly to this decline. Results from current operations before d... |
Hanson set to begin working on carbon capture and storage19 March 2021, Published under Cement NewsHyNet North West has secured GBP72m of funding to create the world’s first low-carbon industrial cluster, through its development of a hydrogen and carbon capture and storage (CCS) project in northwest England. As a consortium partner, Hanson can now carry out a CCS feasibility study at its Padeswood facility near Mold, Flintshire, according to a press release. The study will provide a design basis and cost estimate for a carbon capture plant and connection to the planned HyNet North West... |
TCK sees 65% rise in profit10 March 2021, Published under Cement NewsBosnia & Herzegovina’s Tvornica Cementa Kakanj (HeidelbergCement) has reported a 64.5 per cent YoY surge in net profit to BAM23.5m (US$14.29m) in 2020. The company’s operating revenues also advanced 23.4 per cent to BAM90.6m, while operating costs increased 59 per cent to BAM73.4m. |
Hanson appoint cement business technical development manager05 March 2021, Published under Cement NewsHanson UK (HeidelbergCement group) has appointed Michael Wildmore as a technical development manager for their cement business. He joins the company’s technical services team, which offers customers help and support sustainability, concrete mixes and production optimisation. "I have worked within the Hanson UK business for over a year and am delighted to have the opportunity to join the cement division," he said. "I am looking forward to working with our customers to assist them with t... |
HeidelbergCement to partner in world's first low-carbon industrial cluster03 March 2021, Published under Cement NewsHeidelbergCement's British subsidiary Hanson UK has become a partner in the HyNet North West consortium, which aims to create the world’s first low-carbon industrial cluster in the region of northwest England. The proposed hydrogen and carbon capture and storage (CCS) project will play a critical role in the UK’s transition to net-zero greenhouse gas emissions by 2050 and the fight against climate change. "Our involvement in HyNet North West is the next step in HeidelbergCement's path... |
HeidelbergCement resets for the future26 February 2021, Published under Cement NewsHeidelbergCement released its preliminary figures for the full-year 2020 during the week , seeing an impressive operational performance deliver strong financial results, in spite of the pandemic. Going forward the company is now planning asset disposals to further optimise its asset portfolio and has incorporated carbon reduction targets into the company's remuneration and staff incentive schemes. Navigating the pandemic The company's COPE (COVID-19 Contingency Plan Execution) action p... |