Cement News tagged under: Germany
Personnel change in the Supervisory Board of HeidelbergCement04 July 2012, Published under Cement NewsProf. Dr. Marion Weissenberger-Eibl has been appointed as a member of HeidelbergCement's Supervisory Board in the capacity of shareholder representative. She succeeds Dr.-Ing. Herbert Lutkestratkotter, who had resigned from his position for personal reasons. Her term of appointment will expire on the occasion of the by-election held at the next Annual General Meeting of HeidelbergCement AG on 8 May 2013. “We are pleased that, in Prof. Dr. Marion Weissenberger-Eibl, we have succeeded in at... |
Eurozone April construction output falls21 June 2012, Published under Cement NewsConstruction output in the 17 nations that use the euro dropped 2.7 per cent in April compared to the month before, and five per cent from April 2011, the European Union's official statistics agency Eurostat said Tuesday. Eurostat also lowered its estimate for the growth of construction output in March, to 11.4 per cent from 12.4 per cent. The decline in construction during April was widespread across the currency area, with building work down six per cent in Germany, 2.3 per cent in Spain... |
Change in Executive Board of Gebr Pfeiffer SE20 June 2012, Published under Cement NewsOtto Jung is to retire on 20 June 2012 after nearly 40 years with Gebr Pfeiffer SE. Robert Schnatz will take over Mr Jung’s technical responsibilities on the Executive Board. Otto Jung started his career as a development and project engineer. In 1988 he became head of the projects & sales department and order processing. In 1996 he was appointed to the Executive Board of Gebr. Pfeiffer SE, a position he held for 16 years. During this time, the new MVR mill with MultiDrive® for high capac... |
Fitch affirms HeidelbergCement at BB+12 June 2012, Published under Cement NewsFitch Ratings has affirms HeidelbergCement’s Long-term Issuer Default Rating (IDR) at 'BB+' and Short-term IDR at 'B'. The Outlook on the Long-term IDR is Stable. The agency also affirmed the senior unsecured rating of debt issued by HC's related entities, HeidelbergCement Finance BV, Hanson Ltd and Hanson Australia Funding Ltd. at 'BB+'. “The affirmations reflect HeidelbergCement's careful financial policy and the agency's expectation that credit metrics will remain stable or improve ... |
HeidelbergCement hoards liquidity due to financial crisis04 June 2012, Published under Cement NewsHeidelbergCement AG is hoarding liquidity to create a buffer should the Eurozone crisis deepen, its chief executive told the Wall Street Journal Deutschland in an interview. "At the end of the first quarter, our total liquidity was more than EUR3.7bn," Bernd Scheifele said, adding HeidelbergCement could cover all its debt maturity dates with that amount over the next 24 months. While the sovereign-debt crisis in Greece has had little impact on the cement maker's operations, Scheifele said,... |
Haver & Boecker acquires Newtec Bag Palletizing31 May 2012, Published under Cement NewsHaver & Boecker Holding GmbH has taken full control of Newtec Bag Palletizing by acquiring 100 per cent of its shares from the Newtec International Group SA. Newtec Bag Palletizing is a manufacturer of automatic palletising systems with headquarters in Illzach, France. It has over 1200 references, mainly in the chemical, agricultural and building materials industries. Newtec Bag Palletizing will be an independently operating Group company. This acquisition significantly strengthens the Hav... |
Loesche enters into a close strategic cooperation with A TEC17 May 2012, Published under Cement NewsLoesche GmbH, Germany, has entered into a close cooperation agreement with pyroprocess specialist A TEC Holding GmbH, Austria, in April 2012. Loesche is a market leader in dry-grinding and thermal process solutions and A TEC Holding a leader in cement pyroprocess technology. Following the move, Loesche and A TEC will be partners for the realisation of plant improvement projects, environmental projects and will be in the position to offer complete process solutions. “A great move for both... |
Personnel change on the Supervisory Board of HeidelbergCement27 April 2012, Published under Cement NewsAs of 14 March 2012, Dr.-Ing. Herbert Lütkestratkötter resigned from his position on the Supervisory Board of HeidelbergCement AG for personal reasons. The Nomination Committee of the Supervisory Board of HeidelbergCement is intensively engaged in the selection of a suitable successor. “The Supervisory Board and the Managing Board of HeidelbergCement AG regret the resignation from office by Dr. Lütkestratkötter,” says Fritz-Ju¨rgen Heckmann, Chairman of the Supervisory Board of Heidel... |
Dyckerhoff raises net profit 10-fold27 March 2012, Published under Cement NewsThe Buzzi Unicem subsidiary Dyckerhoff, which on a turnover 13.2% higher at €1,599.6m in 2011, increased its EBITDA by 33.1% to €291m while the net attributable profit rose more than 10-fold from €6.4m to €65.6m. The net debt at the end of the year dell by 34.2% to €261.7m to give a gearing level of just 15.1%, compared with 23.8% a year earlier. With the completion of major investments, notably in Russia and in the Ukraine, capital investment was more than halved (-52%) to €86.7m, with the ... |
HeidelbergCement lifts revenues, raises savings target16 March 2012, Published under Cement NewsGerman cement major HeidelbergCement has reported a rise in revenues in 2011 driven significantly by its exposure to attractive growth markets, continuing recovery in most group markets and successful implementation of its “FOX 2013” improvement programme. “The year 2011 was a further consistent step towards reaching our strategic goals”, says Dr. Bernd Scheifele, Chairman of the Managing Board of HeidelbergCement. “We increased revenue and results despite the unexpectedly heavy rise in e... |