Cement News tagged under: Germany
Germany: stable market growth forecast01 February 2012, Published under Cement NewsLatest forecasts for the German cement industry show that the market is expected to remain stable this year, underpinned by growth in the residential market. Boosted by a continued progress of the overall economy, the German Cement Works Association (VDZ), has said that the relatively high level of cement consumption achieved in 2011 is set to be repeated again this year. After growth in all market segments, domestic cement demand last year reached 28Mt, a 13 per cent YoY advance (201... |
Deutsche Bank maintains “buy” rating on HeidelbergCement23 January 2012, Published under Cement NewsDeutsche Bank has retained its “buy” recommendation on HeidelbergCement and affirmed the EUR42.00 share price target. |
Germany: VDZ and BDZ combine operations18 January 2012, Published under Cement NewsThe German Cement Works Association (VDZ) and the Federal Association of German Cement Industry (BDZ) are combining operations and merging into the German Cement Works Association. The newly-formed body will represent 23 domestic companies and about 95 per cent of the German industry with a turnover of approximately EUR2.1bn. "The merger gives us significantly greater clout and reach," said chief executive Dr Martin Schneider, who will lead the new organisation. Overall, the new structur... |
The Scheifele interview26 October 2011, Published under Cement NewsA series of major deals, culminating in the UK£8bn acquisition of Hanson (UK) in 2007, saw HeidelbergCement emerge as a global market leader in cement and aggregates. As with many companies in the sector, the financial crisis brought with it a series of challenges, resulting in the substantial restrucuturing of the company, transforming it from a largely private company, closely held within the Merckle empire, into a publically listed company listed on the DAX 30. Dr Bernd Scheifele, CEO, ta... |