Cement News tagged under: Heracles Cement
Heracles Group’s Olympus CO2 project receives EU funding06 December 2023, Published under Cement NewsThe EU Innovation Fund has chosen to co-finance Heracles Group ’s ( Holcim ) Olympus CO 2 capture project. The Olympus project aims to transform Heracles Group’s plant in Milaki , Greece, into a zero carbon cement plant through the use of innovative carbon capture and storage (CCS) technologies. The project marks an investment of over EUR300m, of which the EU Innovation Fund will grant EUR124.5m. Dimitris Chanis, Heracles Group CEO, said, “With the Olympus project, we make another stra... |
Dal Engineering Group delivers Greek rotary kiln shells14 January 2022, Published under Cement NewsLafargeHolcim contacted Dal Engineering Group to fabricate two kiln shells with diameters of 4.35m for its Milaki Cement plant in Greece. The delivery was completed on December 2021. Heracles Cement's order leaves the Dal Engineering workshop Meanwhile, Dal Engineering Group has announced that its DAL workshop currently has the biggest stress-relieving furnace in Europe, which has a maximum charging capacity of 150t/charge. Dal Engineering Group's new workshop ... |
Heracles Group obtains EDP accreditation04 June 2021, Published under Cement NewsLafargeHolcim-owned Heracles Group has become the first cement company in Greece to obtain Environmental Product Declarations (EDPs) for all cement types produced in its plants in Volos and Milaki, Evia. Through the EDPs for all cement products (bagged and bulk), covering both the domestic and international markets, Heracles Group brings innovation, climate-neutrality and implementation of circular economy principles to natural resources to the construction market. Being fully consistent ... |
Heracles reports static turnover of EUR188.5m in 202026 May 2021, Published under Cement NewsHeracles Group of Companies ’ (LafargeHolcim group) turnover in Greece remained almost unchanged in 2020 compared to 2019 when the company first returned to profitability after 10 years . It reached EUR188.5m in 2020 compared to EUR188.8m in 2019. The company’s EBITDA increased by 36 per cent to EUR35.5m in 2020 compared to EUR26.1m in 2019 and net earnings increased by 109 per cent to EUR9.6m in 2020 compared to EUR4.6 m in 2019. Investments in tangible and intangibl... |
Heracles Cement launches Improved ECOPact concretes27 April 2021, Published under Cement NewsHeracles Group (Lafargeholcim) has released a new series of ECOPact concretes, adding to its 'green' product portfolio. This is the first series of concrete in the Greek market with low-carbon footprint, claims Heracles Cement. Based on an improved composition of CEM II 32.5 N cement , which bears the 'green' ECO mark of LafargeHolcim, the ECOPact concrete series is distinguished for improved sustainability performance, as it is produced with 30 per cent lower CO emissions compared to tra... |
Greece: Heracles Cement plant modernisation07 July 2016, Published under Cement NewsHeracles Cement, a member of the LafargeHolcim Group, announced the completion of its first phase of an investment plan to modernise its Volos plant. The project, costing approximately EUR5m (US$5.5m), aims to boost the plant's export activity and competitiveness in the domestic market. In 2016, Heracles Group has modernised the plant's electrical installations, as part of its strategic priorities to ensure employees' Health and Safety, improve functionality and achieve sustainable dev... |
Lafarge begins public offer for Heracles shares, Greece12 November 2015, Published under Cement NewsThe Greek Capital Market Commission has approved a Lafarge Cementos SAU information bulletin over a public offer to the shareholders of Heracles Cement SA, submitted on 30 July 2015. The public offer envisages the acquisition of all common nominal voting shares of Heracles at a price of 1.23 euros per share incash. The public offer period began yesterday and ends on 11 December 2015. Following completion of the public offer process, Lafarge will call for a general shareholders' meeting in ... |
Heracles profit lifted by exports, demand pick up01 September 2014, Published under Cement NewsGreece-based Heracles General Cement Co reported a 9.3 per cent YoY increase in sales for the first half of 2014 to EUR123.4m. At the parent company level, sales reached EUR110.4m, up by eight per cent. In an announcement, Greece's largest cement producer said the stronger sales performance was boosted by "increased export activity and stronger domestic demand from low levels.” It added that: "After five years of continuing recession in the domestic market, sales were positively affecte... |
Heracles to permanently close Halkis cement works, Greece27 March 2013, Published under Cement NewsHeracles Cement, the largest cement producer in Greece, is to permanently close the doors on its Halkis cement plant as the company restructures its business to adjust to the struggling domestic construction and cement sectors. The 2.6Mta Halkis plant has been idle since July 2011 and management have now made the decision to officially cease operations, as of 26 March 2013. The closure will result in job losses for 236 members of staff. The company stated that: “This decision comes afte... |
Heracles Group sales down 37.6% in 1Q12, Greece30 May 2012, Published under Cement NewsHeracles Group of Companies announced sales of EUR43.89m for the first quarter of 2012, a reduction of 37.60% compared with the EUR70.35m in the same period of 2011 as the Greek constructions sector stalls with now sign of a turnaround. At the EBITDA level the group reported a loss of EUR16.59m against EUR9.38m in first quarter last year. Heracles said in a statement,: “The decrease in the group and the company sales in the first quarter of 2012 reflects the intensifying recession in t... |