Cement News tagged under: Germany
Will consolidation increase competition in Germany?16 March 2018, Published under Cement NewsThe German cement industry took another step along the road to consolidation this week with news that Dyckerhoff AG was in position to acquire Portland Zement Seibel und Sohne GmbH & Co , subject to the prior approval of the Bundeskartellamt, Germany's anti-competition authority. The acquisition would add a further 0.7Mta of cement capacity to the Dyckerhoff Group in Germany, where the Buzzi-owned company already operates five integrated and two grinding plants. The Seibel & Sohne Er... |
Dyckerhoff to acquire Portland Zement Seibel und Söhne GmbH & Co13 March 2018, Published under Cement NewsDyckerhoff, owned by Italian company Buzzi-Unicem, has announced the acquisition of independent German cement producer Portland Zement Seibel und Söhne GmbH & Co, more commonly known as “der böse Seibel” (Seibel the bad), reports CM-CIC Market Solutions. The acquisition is subject to the prior approval of the Bundeskartellamt. Commenting on the potential acquisition, CM-CIC Market Solutions said: "This deal is a powerful symbol. Porland Zement Seibel und Söhne, for which revenues are est... |
HeidelbergCement announces 4Q17 and FY17 preliminary results20 February 2018, Published under Cement NewsHeidelbergCement's preliminary results for the 2017 financial year highlighted a significant rise for cement and clinker sales volumes, due to consolidation, increasing by 22 per cent to 126Mt, compared to 103Mt in 2016. Aggregates sales volumes recorded a growth of 12 per cent to 305Mt, up from 272Mt in 2016, while ready-mixed concrete volumes increased by 11 per cent to 47Mm 3 compared to 43Mm 3 in 2016. In the reporting year, sales volumes of the core products cement, aggregates, and ... |
Cementir boosted by full-year results from Belgium15 February 2018, Published under Cement NewsCementir Holding's turnover in 2017 increased by 25.3 per cent to EUR1287.5m and EBITDA was ahead by 11.5 per cent to 220.5m. As regards the continuing business, the turnover advanced by10.9 per cent to EUR1140.0m and EBITDA emerged 13.3 per cent ahead at EUR224.2m, while the trading profit showed a 50 per cent advance to EUR142m. Net debt at the end of 2017 was 4.6 per cent lower at EUR536.6m, while capital investment in the year increased by 33.9 per cent to EUR92m. Since the year end, ... |
VDZ: Optimising the clinker burning process22 January 2018, Published under Cement NewsVDZ GmbH will be delivering a presentation on the optimisation of the clinker burning process when using alternative fuels at Cemtech Middle East & Africa, held between 17-20 February 2018. Nijat Orujov, senior consultant for environment and plant technology, offers a glimpse of what he will be discussing in February. ICR: How should cement companies prepare to use alternative fuels in their plants? Nijat Orujov (NO): It is essential that alternative fuels used in the clinker ... |
CTP wins Karsdorf SCR technology order06 December 2017, Published under Cement NewsCTP Chemisch Thermische Prozesstechnik GmbH, based in Graz, Austria, has signed a contract with Opterra, a CRH company, for the supply of two new LD-SCR (low-dust, selective-catalytic-reduction) systems at the Karsdorf plant, Germany. The systems are the first of their kind and combine the advantages of a regenerative system with proven SCR technology to adhere to the stringent requirements of the 17th BimSchV regulation for NO x and NH 3 . The scope includes design, supply and insta... |
Karsdorf Cement plant sale to be abandoned20 November 2017, Published under Cement NewsSchwenk KG has abandoned its plans to acquire Opterra’s cement plant in Karsdorf, according to a press release by the Bundeskartellamt (Federal Cartel Office - FCO). The withdrawal of the notification also includes the purchase of the cement plant in Sötenich. "The merger was expected to significantly impede effective competition and would have had to be prohibited. With the acquisition of the plant in Karsdorf Schwenk would have gained a dominant position as a cement manufacturer in the ... |
HeidelbergCement reduces Georgia investment13 November 2017, Published under Cement NewsHeidelbergCement 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 3Q1708 November 2017, Published under Cement NewsHeidelbergCement 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 Zementwerke13 October 2017, Published under Cement NewsThomas 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... |