Cement News tagged under: Building Materials

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HeidelbergCement to sell building materials business

18 June 2014, Published under Cement News

German cement maker HeidelbergCement will dispose of its bricks and building materials business, and has already contacted several banks about the deal, the Financial Times reported. The paper advised that HeidelbergCement's CEO, Bernd Scheifele, had been planning on conducting the sale for a long time. The division is expected to be sold for a sum of between US$1.5bn-2bn (EUR1.1-1.5bn). In the last business year, the unit to be sold saw its revenue drop by a tenth to EUR1.1bn.

Morgan Stanley bearish on China Building Materials Sector

22 March 2012, Published under Cement News

Morgan Stanley believes second quarter pricing for China’s building materials will still be lower than the first quarter as it expects 2Q demand seasonal recovery to be weaker than normal years due to the slowing construction pace of property developers. “We hold the view that developers will not reaccelerate construction activities until they have cleared their four-year high property inventories,” In addition, the supply side is facing pressure as well, especially from new capacity addi...