Cement News tagged under: Germany

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FLSmidth to acquire German TEUTRINE GmbH

04 September 2012, Published under Cement News

FLSmidth has acquired the privately-owned company TEUTRINE GmbH Industrie-Technik (TEUTRINE), a German company specialised in mobile solutions for repairs, refurbishments and installation services. The parties have agreed not to disclose the value of the transaction.   TEUTRINE has 40 years of experience of worldwide site management services, assembly and repair tasks within the cement and minerals industries.   The company predominantly carries out maintenance and repair services at site w...

New South Sulawesi cement plant planned, Indonesia

31 August 2012, Published under Cement News

A new cement plant is being planed in Barru, South Sulawesi involving an investment of US$400m, according to executive director of the PT Fajar Semen Baru project, James Martin. According to Indonesian press reports, the venture will involve participation from two cement companies in German and Taiwan and funding is to be sourced from a local consortium of banks. The cement plant is slated to have a capacity of 3.3Mta and, once operational, will serve eastern Indonesia.

HeidelbergCement’s debt reduction focus

16 July 2012, Published under Cement News

HeidelbergCement plans to cut its debt by about 16 per cent to EUR6.5bn to boost its credit rating and share price according to reports in the Frankfurter Allgeemeine Sonntagzietung said, citing an interview with CEO Bernd Scheifele said. Debt reduction is the top priority and the time isn’t right for bold acquisitions, Mr Scheifele said. HeidelbergCement has cut debt by EUR7bn to EUR7.7bn in the four years ending 2011, Scheifele added. The company aims to reach EUR6.5bn of debt, but M...

Personnel change in the Supervisory Board of HeidelbergCement

04 July 2012, Published under Cement News

Prof. 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 falls

21 June 2012, Published under Cement News

Construction 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 SE

20 June 2012, Published under Cement News

Otto 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 News

Fitch 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 crisis

04 June 2012, Published under Cement News

HeidelbergCement 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 Palletizing

31 May 2012, Published under Cement News

Haver & 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 TEC

17 May 2012, Published under Cement News

Loesche 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...