Cement News tagged under: Germany
AVIC raises stake in KHD, buy-out offer14 October 2013, Published under Cement NewsChina-based AVIC International Holdings Ltd said it will boost its holding in KHD Humboldt Wedag International AG and make a buy-out offer. The Shenzhen-based company will buy 19 per cent of KHD from 12 sellers for EUR61m (US$83m), increasing its stake to 39.03 per cent, according to a Hong Kong stock exchange filing yesterday. MFC Industrial Ltd. is one of the companies disposing of KHD shares. In 2010, KHD launched a strategic partnership with CATIC Beijing Co. Ltd, a subsidiary o... |
S&P confirms Buzzi, Dyckerhoff rating; negative outlook09 October 2013, Published under Cement NewsBuzzi Unicem said today that Standard & Poor’s confirmed the long-term corporate rating (BB+) on Buzzi Unicem and its German subsidiary Dyckerhoff AG and the short-term rating (B) on both groups, thus removing them from the credit watch with negative implications announced on 8 August 2013. The outlook was revised from stable to negative. |
Heidelberg updates on sustainability efforts18 September 2013, Published under Cement NewsHeidelbergCement has released its 2011/2012 Sustainability Report, highlighting topics and challenges for the German cement major in its drive for sustainable development. The new report, entitled "Foundations" also details the company's continous efforts and achievements such as reducing specific net CO2 emissions by 21 per cent and increasing its alternative fuels rate to 21.7 per cent. Sustainable business practices form an integral of the business activities “Sustainable business pr... |
Refratechnik Group acquires Burton GmbH, Germany17 September 2013, Published under Cement NewsThe Refratechnik Group, a leading manufacturer of ceramic refractory products has acquired the facilities of Burton GmbH & Co. KG in Melle, near Osnabrück, Germany. As a result of this strategic takeover, Refratechnik Ceramics will become a market leader and global supplier of refractory products for industrial furnaces in the ceramics industry. The product ranges in this field encompass wall, roof and car systems as well as furniture for tunnel kilns, in which products such as refractory... |
GMK and IKN sign waste heat recovery partnership, Germany16 September 2013, Published under Cement NewsGermany-based companies GMK GmbH and IKN GmbH have entered into an exclusive partnership to develop and market waste heat recovery systems for the cement industry. On 16 September 2013, a memorandum of understanding was signed by Piacentini-Timm (GMK), Wilhelm Uebachs (GERMANIA Technologieholding), Klaas Windmöller and Justus von Wedel (both IKN). GMK, a specialist for power generating equipment based on the Organic-Rankine-Cycle (ORC), has developed the INDUCAL® line of products for indu... |
Sinoma acquires majority stake in Hazemag03 September 2013, Published under Cement NewsSinoma International Engineering Co Ltd has acquired a majority stake in German mining equipment firm Hazemag & EPR for US$137m. Beijing-based Sinoma bought the 59.09 per cent stake from the Schmidt Kranz Group through a share purchase agreement, according to a statement filed by Sinoma's parent company, the China National Materials Co Ltd. The deal will help Sinoma International expand its reach in mining equipment and has been approved by China's State-owned Assets Supervision and Ad... |
Holcim and Cemex to swap, combine assets in Europe28 August 2013, Published under Cement NewsHolcim and Cemex have reached an agreement to conduct a series of transactions to exchange and combine assets in parts of Europe with the aim of improving synergies and boosting operating profit. Cemex increase its presence in Central Europe through the acquisition of Holcim Cesko in the Czech Republic. The deal includes one cement plant (cement and clinker capacities of 1.1Mta and 0.9Mta, respectively), four aggregate quarries and 17 ready-mix plants. Holcim said it will continue to serve... |
Buzzi Unicem completes buy-out of Dyckerhoff shares28 August 2013, Published under Cement NewsBuzzi Unicem said on Tuesday that the squeeze-out of all outstanding ordinary and preferred shares in German-based Dyckerhoff AG still held by minority shareholders was recorded in the Commercial Register in Germany. As a result, as of 27 August 2013, the Italian cement major holds 100 per cent of Dyckerhoff. The payment to the minority shareholders of the cash compensation equal to EUR47.16 per share for a total EUR65.3m is expected to be carried out on 30 August 2013. The stock excha... |
HeidelbergCement mulls sale of non-core assets07 August 2013, Published under Cement NewsHeidelbergCement is considering the sale of non-core assets, its CEO Bernd Scheifele told local press in a recent interview. Speaking to the Boersen-Zeitung on Tuesday, Mr Scheifele said that markets such as Britain and the USA, where HeidelbergCement has non-core activities, are recovery and at the same time there is higher interest from private equity firms. The German cement major has implemented a number of measures to boost margins with price increases being a top priority. Heidelb... |
HeidelbergCement increases pre-tax profit by 52.1 per cent02 August 2013, Published under Cement NewsHeidelbergCement's first half turnover was virtually unchanged at €6560.4m (-0.3 per cent), while the EBITDA improved by 5.1 per cent to €953.1m as energy and raw material costs eased. The trading profit was up by 6.9 per cent to €540.4m and after a net interest charge 7.4 per cent lower at €259.3m and other financial items, the pre-tax profit rose by 52.1 per cent to €254.0m. Lower charges for tax and minorities led to a net attributable profit of €175m compared with a €27.3m loss a year ea... |