Cement News tagged under: Duna-Drava Cement

RSS feed

Duna-Dráva Cement completes plant renovation

22 May 2018, Published under Cement News

Duna-Dráva Cement Kft has announced that a HUF7bn (US$26.12m) project to improve sustainability at its facility in Vác, Hungary, has been completed. Construction work took place between 2016-18, with the newly-renovated plant inaugurated on 18 May. The project has been successful in significantly reducing dust emissions, according to the Budapest Business Journal. A new filter system ensures that dust is contained, even in a malfunction or power outage.

Croatia's cement sector still craves an upturn

13 April 2017, Published under Cement News

Croatia's market has been top of the news in the EU with the commission's decision to block the sale of Cemex's Croatian cement plants to Duna-Drava Cement of Hungary, jointly-owned by HeidelbergCement and Schwenk Zement. The commission was said to be concerned with the situation that after the transaction the largest cement producer in Croatia would also be the largest importer and would virtually dominate the southern Croatian market. Currently competition in Croatia consists of ...

EU reportedly set to block HeidelbergCement, Schwenk's Cemex Croatia deal

29 March 2017, Published under Cement News

EU antitrust regulators are set to block HeidelbergCement and Schwenk's joint bid for Cemex's Croatian unit barring a last minute change of mind, Reuters reports. The European Commission, which opened an investigation into the deal in October last year, has not been convinced so far by the companies' offer to lease a terminal on the Dalmatian coast to a rival to address its concerns, the news agency reported citing two source familiar with the matter. The EU competition authority has said ...

Croatia: HeidelbergCement appeals Commission's decision

28 February 2017, Published under Cement News

HeidelbergCement AG has appealed against an EU Commission decision from 10 October 2016 that initiated an in-depth Phase II investigation into the joint acquisition of Cemex Croatia by HeidelbergCement and Schwenk. HeidelbergCement and Schwenk Cement jointly control Duna Dráva Cement ("DDC"), a Hungarian cement company that is the largest cement importer in Croatia. Cemex Croatia, the largest cement producer in Croatia, is a subsidiary of the Cemex Group. Schwenk has also appealed the dec...

Cemex announces divestment of operations in Austria, Hungary and Croatia

12 August 2015, Published under Cement News

Cemex announced today that it has signed an agreement for the sale of its operations in Austria and Hungary to the Rohrdorfer Group for approximately EUR160.1m. The Austrian operations consist of 24 aggregate quarries (approximately 6.47Mt of aggregates sold in 2014) and 34 ready-mix plants (approximately 1.60Mm 3 of ready-mix sold in 2014). Cemex’s operations in Austria had net sales of approximately US$241m in 2014. The Hungarian operations being divested consist of five aggregate qua...

Hungarian concrete firms fined EUR9m

09 July 2014, Published under Cement News

Eight ready-mixed concrete companies and the Hungarian Concrete Association were fined a total HUF2.79bn (EUR9m) for setting prices and colluding on market share by the country’s competition office, the Gazdasági Versenyhivatal (GVH). The GVH said the cartel activity took place between 2005 and 2007 and cited the fact that meetings were held in high secrecy as an aggravating factor. The following fines, which include some cement producers with downstream ready-mix businesses, were imposed...

Hungary: building on traditions

21 November 2011, Published under Cement News

Demand for cement products as an essential construction material is a representative indicator of economic development and socio-economic “well-being” in Hungary. The Hungarian Cement Association gives a brief overview of recent developments in the country’s cement sector in the context of the nation’s recent economic performance and outlines the key trends going forward. In 2011, GDP growth in Hungary has been weaker than the European average. In the first quarter, the Hungarian eco...