Cement News tagged under: Germany
Loesche GmbH acquires hydraulic company27 November 2023, Published under Cement NewsLoesche GmbH has successfully acquired the valuable know-how of the renowned company RuhfusSystemhydraulik. In the past, Ruhfus was a reliable supplier of high-quality hydraulic solutions and a valued, long-standing business partner of Loesche. Ruhfus Systemhydraulik, a developer of hydraulic systems and components, was forced to file for insolvency due to economic challenges. Loesche regrets the insolvency of Ruhfus Systemhydraulik but at the same time sees the opportunity to retain and fu... |
Can Germany's construction sector avoid collapse?17 November 2023, Published under Cement NewsThis week the Financial Times cited that the growing collapse in the German housebuilding sector could spread through the wider economy. Germany's construction sector has plummeted since January 2023, dropping 47 per cent for newbuilds compared with the average in the last two years, despite Chancellor Olaf Scholz's annual build target of 400,000 flats. A 14-point action plan by the federal government may not be enough to stimulate the construction sector quickly enough to prevent the IMF fr... |
Northern Region Cement awards EPC contract for new line07 November 2023, Published under Cement NewsKHD Humboldt Wedag and AVIC have been awarded a major EPC contract for engineering, equipment supply, construction, commissioning and site services for a new 3500tpd production line for Northern Region Cement Co , Saudi Arabia. The plant will be located in Iraq and marks a total investment of around US$139m. KHD Humboldt Wedag will design and deliver the plant with the latest sustainability-driven technologies, while AVIC, KHD’s parent company, will complete the EPC project in a record ... |
Heidelberg Materials named as Summit mystery bidder24 October 2023, Published under Cement NewsJust weeks after it was reported that Summit Materials had entered into an agreement to merge with the US operations of Cementos Argos , Heidelberg Materials is allegedly lining itself up to acquire Summit Materials. According to Bloomberg, Summit Materials has rejected two takeover bids from an “unnamed party” in recent weeks, which has since been revealed as Germany-based Heidelberg Materials. With Argos USA home to four integrated cement plants, around 140 ready-mixed concrete p... |
Heidelberg Materials raises full-year outlook23 October 2023, Published under Cement NewsIn the course of preparing its quarterly statement for the first nine months of 2023, Heidelberg Materials has announced preliminary 3Q23 results above current capital market expectations. Capital market expectations are based on the average values of the latest estimates of financial analysts, compiled by Vara Research on 18 October 2023. Preliminary financial figures from the cement producer’s quarterly statement for January to September 2023 show: Preliminary revenue amounts to EU... |
Deutsche Bank clamps down on emissions targets20 October 2023, Published under Cement NewsDeutsche Bank has reportedly set emissions targets for loans to clients in the cement sector as part of the bank’s net-zero target for 55 per cent of its financed emissions. According to Reuters, the bank, which is Germany’s biggest lender, is under increasing pressure from policymakers and investors to encourage clients to reduce their greenhouse gas emissions. Twelve months ago the bank set up a ‘net zero forum’ of senior executives tasked with assessing loan deals of more than EUR25... |
Heidelberg Materials acquires PT Semen Grobogan plant18 October 2023, Published under Cement NewsHeidelberg Materials , via its subsidiary Indocement , has signed an agreement to acquire 100 per cent of the shares in PT Semen Grobogan ’s integrated cement plant located in Central Java, Indonesia. The plant started commercial production in 2022. With this investment, Heidelberg Materials further strengthens its footprint in Indonesia, one of the company’s core markets in Asia-Pacific. The Semen Grobogan cement plant has a capacity of 1.8Mta of clinker and 2.5Mta of cement with lime... |
Towards Germany’s first fully-decarbonised cement plant10 October 2023, Published under Cement NewsHeidelberg Materials’ new GeZero project will completely decarbonise cement production at the Geseke plant in North Rhine-Westphalia, Germany. The first of its kind project will establish a full carbon capture and storage value chain for an inland site and is expected to capture 700,000tpa of CO 2 from 2029. Here, the company outlines the project’s scope and set-up for full-scale carbon capture. By Heidelberg Materials, Germany. Construction of Heidelberg Materials’ GeZero CCUS proje... |
Germany’s net zero ambitions09 October 2023, Published under Cement NewsAfter over a decade of steady growth, German construction demand has been dampened due to rising interest rates and high inflation. Despite the challenging conditions, the cement sector is focussing on CO 2 reduction, including the first steps towards carbon capture and storage as one of the major levers to achieving net zero emissions by 2045. By Martin Schneider and Dennis Behrouzi, VDZ, Germany. A net zero CO 2 manufacturing process for German cement is the industry’s goal, wi... |
Jan Weckes becomes MD of SCHADE Lagertechnik06 October 2023, Published under Cement NewsJan Weckes is the new MD at SCHADE Lagertechnik Jan Weckes is taking on the leadership of SCHADE Lagertechnik, who has appointed him as its new managing director. Previously, at IAS GmbH, an international technology leader in the construction of induction furnaces, and member of the SMS Group, Dr Weckes had taken responsibility for strengthening order intake and expanding strategic teamwork within the group of companies. During his tenure at MBE Coal & Minerals Technology he was... |