Cement News tagged under: Germany
HeidelbergCement plans to start sale of building materials business in September31 July 2014, Published under Cement NewsHeidelbergCement plans to start the process to divest in its building materials unit in September and expects a quick conclusion of the sale, Reuters reported CEO, Bernd Scheifele, as saying. The exact assets that HeidelbergCement is looking to dispose of has not been confirmed but is believed to include bricks, roof tiles and limestone products. The move will allow HeidelbergCement to refocus on its core construction products of cement and other heavy aggregates. Potential buyers include ... |
HeidelbergCement improves net profit by 53.5%30 July 2014, Published under Cement NewsHeidelbergCement's first half turnover increased by 2.1 per cent to EUR6318m and the EBITDA improved by 2.1 per cent to EUR927.6m while the trading profit advanced by 8.9 per cent to EUR566.2m. After a net interest charge 3.2 per cent lower at EUR244.7m and other financial items, the pre-tax profit rose by 35.4 per cent to EUR275.4m and the net attributable profit grew by 53.5 per cent to EUR86.8m. Net debt at the end of June was 0.3 per cent lower than a year earlier at EUR8018m, giving ... |
Holcim and Lafarge announce proposed asset disposals07 July 2014, Published under Cement NewsTwo months after the announcement of their planned merger, Lafarge and Holcim have revealed the list of proposed divestments. In Europe the merged entity aims to have “a significant and balanced industrial base in Europe – around 20 per cent of its revenues – within its overall global footprint, enabling it to take advantage of the European economic recovery,” according to a joint statement. LafargeHolcim plans to sell Lafarge’s Mannersdorf works in Austria as well as the Lafarge Tarmac a... |
LH Merger update: plants for sale07 July 2014, Published under Cement NewsFinally, exactly two months after the first official announcement of their 'merger of equals', Lafarge and Holcim clarify which plants are likely to be put up for sale. No surprises for those who've been following our coverage of the deal to date with divestments slated for Austria, France, Germany, Romania, Hungary and the UK in Europe; Canada - but not the USA - in north America; Brazil in Latin America; Philippines in Asia; Reunion and Mauritius in the Indian Ocean... We summarise the... |
LafargeHolcim merger: implications for western Europe27 June 2014, Published under Cement NewsWhile the proposed Lafarge-Holcim (LH) merger is widely being regarded as a good fit for the two companies, satisfying competition authorities in a number of key markets where operations overlap is critical for the deal to proceed. In western Europe, the LH tie-up could accelerate the restructuring process already underway by the cement industry to improve regional businesses and any disposals required by the two groups are likely to be surmountable. To satisfy regulatory requirements Lafar... |
HeidelbergCement rolls out CIP worldwide25 June 2014, Published under Cement NewsHeidelbergCement has started its Continuous Improvement Program (CIP) to optimise the working processes in cement production. The new program, which will be introduced at 65 cement plants worldwide, takes a “systematic approach” to generate ideas among the employees, prioritise, and implement them, the company said in a statement. HeidelbergCement expects the process enhancements will lead to sustainable result improvements of at least EUR120m by the end of 2017. “With our Continuous Improv... |
EU clears Holcim and Cemex deal in Germany06 June 2014, Published under Cement NewsHolcim has received unconditional clearance by the European Commission for its proposed acquistion of Cemex West in Germany. The decision follows a detailed Phase II review by the European Commission. The acquisition in Germany is part of the strategic portfolio optimisation in Europe that includes a series of transactions together with Cemex and that is separate from the intention to merge with Lafarge. In the Czech Republic, the proposed acquisition of Holcim Cesko by Cemex was clear... |
KHD modernisation projects underway for Heidelberg04 June 2014, Published under Cement NewsKHD’s two modernsation projects for HeidelbergCement’s plant in Lengfurt, Germany, are currently underway. These projects include the modernisation of raw meal grinding unit with KHD SKS VC 3000 dynamic separator, and the modernisation of an existing preheater with KHD’s new PH5835 cyclones. KHD’s responsibility includes manufacturing, erection and commissioning for both projects. The raw meal grinding unit has been in operation since its successful installation in April 2014, and the ins... |
New Supervisory Board of KHD elected28 May 2014, Published under Cement NewsAt yesterday's Annual General Meeting the shareholders of KHD Humboldt Wedag International AG (KHD) passed a resolution to reduce the number of Supervisory Board members to three persons and has re-elected Ms Eliza Suk Ching Yuen and Mr Hubert Keusch as members of the Supervisory Board. Mr Kangning Zou has been newly-elected as a member of the Supervisory Board. In the constitutive supervisory board meeting held subsequent to the Annual General Meeting of shareholders Mr. Hubert Keusch wa... |
Heidelberg 125th anniversary of stock exchange listing30 April 2014, Published under Cement NewsLeft: Dr. Bernd Scheifele, Chairman of the Managing Board, HeidelbergCement AG right: Hauke Stars, member of the Managing Board, Deutsche Börse AG Source: HeidelbergCement On the 125th anniversary of HeidelbergCement’s listing on the stock exchange, Dr Bernd Scheifele, Chairman of the Managing Board, started the floor trading at the Frankfurt Stock Exchange on 30 April 2014 by ringing the opening bell. Mrs Hauke Stars, Member of the Managing Board of Deutsche Börse... |