Cement News tagged under: Germany

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HeidelbergCement reduces Georgia investment

13 November 2017, Published under Cement News

HeidelbergCement is raising EUR115m (US$134m) by selling 50 per cent of its Georgian subsidiary to a Georgian investment fund called Cement Invest, which belongs to Georgian Co-Investment Fund and Hunnewell Partners, a special situations investment fund. HeidelbergCement has been active in Georgia since 2006 and a new kiln line is currently under construction that is expected be completed by the end of 2018. Currently, there are three integrated cement works, one grinding centre, 13 ready...

HeidelbergCement announces 7% rise in EBITDA for 3Q17

08 November 2017, Published under Cement News

HeidelbergCement has announced for the third quarter of 2017 a seven per cent YoY rise in EBITDA from its current operations to EUR1058m on a comparable basis (adjusted for currency and consolidation effects). After depreciation and amortisation, the result from current operations grew by seven to EUR787m (3Q16: EUR738m). On a comparable basis, the rise in result from current operations before and after depreciation and amortisation amounted to seven and eight, respectively. “Besides the g...

Thomas Gruppe to buy Gebr Seibel Zementwerke

13 October 2017, Published under Cement News

Thomas Gruppe (revenues estimated at EUR300m) confirmed on Thursday 12 October 2017 that it was taking over Portland-Zementwerke Gebr Seibel GmbH & Co KG, in Germany, a family-run business headed by Heinrich and his son Hubertus Seibel. Gebr Seibel Zementwerk has encountered problems due to discount requirements of its main client, Cementbouw (CRH group), ie roughly 120,000t out of 600,000t produced annually. CRH demanded to be supplied based on a cut-rate price per tonne (EUR42/t). T...

German cement industry invests considerably in environmental protection

11 October 2017, Published under Cement News

German cement producers further invested in plant optimisation in 2016, keepign them in a leading role worldwide in terms of environmental compatibility, according to the German cement association, VDZ. The sector has taken action to reduce NOx emissions through plant optimisaiton as well as extensive research to test innovative exhaust gas cleaning technology under the particular conditions applicable during cement production. As a result, SCR technology has been brought to industrial ma...

Germany's wave of success

02 October 2017, Published under Cement News

With the German economy continuing its growth trend, these are good times for the country’s many cement producers. Housebuilding dominates demand as the population rises and construction investment remains strong. There are signs of consolidation among some producers, while others invest to satisfy improving consumption levels. Domestic deliveries by Germany’s cement producers are expected to continue to rise in 2017 with further potential growth in housebuilding and infrastructure...

Personnel change in the Supervisory Board of HeidelbergCement

29 August 2017, Published under Cement News

Following an application of the company, the Local Court (Amtsgericht) of Mannheim/Germany supplemented the Supervisory Board of HeidelbergCement AG by appointing Margret Suckale as a member in the capacity of shareholder representative. She succeeds Alan Murray, who had resigned from his position. Her term of appointment will expire on the occasion of the by-election held at the next Annual General Meeting of HeidelbergCement AG on 9 May 2018. “We are pleased that, in Margret Suckale, we...

Positive outlook for German cement demand

24 August 2017, Published under Cement News

Cement consumption in Germany rose by approximately 3.2 per cent YoY in 2016 to 27.5Mt, with the positive trend expected to continue this year, according to German Cement Works Association VDZ. "Housing, traffic infrastructure and non-residential construction – the momentum for the German cement market came from all the relevant sectors of the building industry," is how VDZ President, Christian Knell, sums up the development of cement consumption in 2016. In Germany the construction indust...

KHD reports considerable rise in 1H order intake

15 August 2017, Published under Cement News

KHD reported an increase in order intake to EUR79.3m in the first half of 2017, considerably higher than the EUR19.3m in the same period of last year. The company’s order backlog increased for the first time since the 2012 financial year. Revenue in the first half fell by 26.9 per cent to EUR48.7m due to the low order intake at the beginning of the financial year. Significant contributions to revenue came primarily from projects in India and North America. Orders of  EUR60.8m were place...

HeidelbergCement expects stronger second-half

04 August 2017, Published under Cement News

While second quarter sales by HeidelbergCement were impaired by fewer working days due religious holidays as well as adverse weather conditions in large parts of North America, the German building materials major expects "significantly stronger" development in the second half of the year. The company's sales volumes over the first six months of 2017 rose substantially as a result of the consolidation of Italcementi. Group cement and clinker deliveries increased by 52.1 per cent to 60.66Mt...

HeidelbergCement volumes and revenues strengthened by Italcementi contribution

01 August 2017, Published under Cement News

HeidelbergCement said its sales volumes of building materials rose substantially in the second quarter as a result of the consolidation of Italcementi. On a pro-forma basis, ie taking into account Italcementi’s deliveries in the same period of the previous year, sales volumes declined slightly. Growth in sales volumes was impaired by fewer working days due to Easter and the end of Ramadan as well as wet weather, especially in the South, Northeast and Midwest of the USA. The group’s cement ...