Cement News tagged under: Germany
HeidelbergCement makes new appointments to Managing Board28 May 2021, Published under Cement NewsIn line with HeidelbergCement’s 'Beyond 2020' strategic targets, the Supervisory Board of HeidelbergCement has decided to establish two new positions on the Managing Board to further drive the company’s major transformation in sustainability and digitalisation. Dr Nicola Kimm (51) will take over the newly-established Managing Board position as Chief Sustainability Officer of HeidelbergCement, responsible for environment social governance, global research and development, and new tec... |
Siemens and Schaeffler to cooperate on drive system diagnostics12 May 2021, Published under Cement NewsSiemens and the automotive and Schaeffler have started cooperation on intelligent diagnostics for drive systems. Through this collaboration Siemens combines its IIoT platform Sidrive IQ with Schaeffler’s decades of experience and expertise in designing, manufacturing and servicing bearings. Sidrive IQ integrates a number of functionalities into one seamless solution and augments drive systems with AI-based analytics and digital content. For the customer, this means the ability to make... |
HeidelbergCement opens Quarry Life Award12 May 2021, Published under Cement NewsHeidelbergCement has launched the fifth edition of the Quarry Life Award, its nature-based competition involving more than 20 countries worldwide. Researchers, students, local communities, NGOs and nature lovers from around the world can pitch their ideas for sustainable quarry management, with prizes up to EUR30,000 for the most innovative projects. The Quarry Life Award supports HeidelbergCement and its partners, such as BirdLife International, in raising awareness of biodiversity in gene... |
Schenck Process Group appoints Advisory Board chairman26 April 2021, Published under Cement NewsSchenck Process Group has appointed Dr Ulrich Spiesshofer as chairman of its Advisory Board, effective from 1 May 2021. Dr Spiesshofer brings three decades of executive management, transformation, active portfolio management and operational expertise, across many sectors, including industry, energy and infrastructure in Europe, the Americas, Asia, the Middle East and Africa. Most recently, he served as CEO of the group from 2013 to 2019 and was a member of the Executive Committee ... |
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... |
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... |
Informed process optimisation22 March 2021, Published under Cement NewsSuccessfully operating cement kilns with high rates of alternative fuel is essential in the transition to sustainable cement production. To ensure stable process conditions, detailed monitoring is necessary. Infrared cameras and analysis systems provide reliable tools to supervise the process and, in addition, extract parameters for advanced process control via automatic image and data processing. By ci-tec, Germany. Figure 1: using infrared camera technology, fuels can be observed di... |
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... |
Cemex to develop a carbon-neutral alliance in Germany18 March 2021, Published under Cement NewsCemex SAB de CV is developing a carbon-neutral alliance in Germany as part of its ‘Future Action programme’ to test and accelerate technologies to reach carbon neutrality at its Rüdersdorf plant. Cemex is joining pioneering industrial consortiums to develop industrial-scale demonstration projects using ground-breaking technologies to form this alliance, which aspires to achieve carbon neutrality at the Rüdersorf plant by 2030. Several technologies, including waste heat recovery, carbon... |