Cement News tagged under: Germany

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Moody Investors Service upgrades HeidelbergCement's rating

22 April 2021, Published under Cement News

Moody’s Investors Service has upgraded HeidelbergCement’s long-term issuer rating to Baa2 from Baa3. Concurrently, the rating agency has upgraded the backed short term rating to (P)P-2 from (P)P-3. The rating outlook is stable, claims Heidelbergcement. As rationale behind the rating upgrade, Moody’s particularly highlighted HeidelbergCement’s resilient performance throughout 2020, its strong cash flow generation as well as its conservative financial policy including its commitment to k...

S&P Global raise HeidelbergCement's credit rating

16 April 2021, Published under Cement News

S&P Global Ratings raised HeidelbergCement’s long- and short-term issuer credit ratings to BBB/A-2 from BBB-/A-3 and the issue ratings on its debt to BBB from BBB-, while giving a stable outlook.   As rationale behind the rating upgrade, S&P highlighted HeidelbergCement’s ability to significantly reduce its debt in 2020, despite the COVID-19 pandemic, thanks to extensive cost saving measures, resilient operating performance and strong cash flow. As a result, HeidelbergCement's leverag...

HeidelbergCement updates markets on preliminary 1Q21 expectations

16 April 2021, Published under Cement News

HeidelbergCement AG's preliminary 1Q21 financial figures deviate significantly from current capital market expectations. Preliminary revenue amounts to EUR3958m (previous year: EUR3930m) in 1Q21. The capital market expects EUR3873m for this key figure. The preliminary result from current operations before depreciation and amortisation (operating EBITDA) amounts to EUR538m (previous year: EUR405m) in 1Q21. The capital market expects EUR436m for this key figure. The preliminary result...

Informed process optimisation

22 March 2021, Published under Cement News

Successfully operating cement kilns with high rates of alternative fuel is essential in the transition to sustainable cement production. To ensure stable process conditions, detailed monitoring is necessary. Infrared cameras and analysis systems provide reliable tools to supervise the process and, in addition, extract parameters for advanced process control via automatic image and data processing. By ci-tec, Germany. Figure 1: using infrared camera technology, fuels can be observed di...

HeidelbergCement buoyed by FY20 results

19 March 2021, Published under Cement News

HeidelbergCement closed the 2020 financial year with top results in key figures. Group revenue decreased by 6.6 per cent to EUR17,606m ( previous year: EUR18,851m) in comparison with the previous year.   On a like-for-like (LfL) basis, the decline amounted to 4.6 per cent. The EUR601m decrease in HC Trading's revenue due to the decision to significantly reduce fuel trading with third-party customers contributed significantly to this decline. Results from current operations before d...

Cemex to develop a carbon-neutral alliance in Germany

18 March 2021, Published under Cement News

Cemex SAB de CV is developing a carbon-neutral alliance in Germany as part of its ‘Future Action programme’ to test and accelerate technologies to reach carbon neutrality at its Rüdersdorf plant. Cemex is joining pioneering industrial consortiums to develop industrial-scale demonstration projects using ground-breaking technologies to form this alliance, which aspires to achieve carbon neutrality at the Rüdersorf plant by 2030. Several technologies, including waste heat recovery, carbon...

Research company CI4C to investigate use of polysius® pure oxyfuel

12 March 2021, Published under Cement News

The four European cement manufacturers Buzzi Unicem-Dyckerhoff, HeidelbergCement AG, Schwenk Zement KG and Vicat plan to investigate the industrial-scale use of Oxyfuel carbon capture technology in cement production in a demonstration plant. Hence, the research company "CI4C - Cement Innovation for Climate" was established. The aim is to capture 100 per cent of the CO 2 and use it with the help of renewable energies to produce so-called 'refuels', ie climate-neutral synthetic fuels such a...

Vecoplan AG joins the RETech Partnership

11 March 2021, Published under Cement News

Vecoplan AG is now a member of the German RETech Partnership, a network of German companies and institutions from the recycling and waste management industry. The network works closely with national and international ministries, authorities, institutes and business associations. Among other advantages, Vecoplan will receive support in exporting its recycling and waste management technologies and in knowledge transfer. "As a member [of RETech] we’ll always be up to date on matters lik...

Refratechnik Group and Höganäs Borgestad Group establish strategic agreement

09 March 2021, Published under Cement News

Refratechnik Group and Höganäs Borgestad Group have entered into a strategic agreement for the supply of refractory products. "The similar operating philosophies of both organisations aligned and resulted in an expanded range of refractory solutions for Höganäs Borgestad customers," said Höganäs Borgestad Group in a statement . The agreement underscores the desire of both companies for long-term, sustainable and mutually beneficial partnerships. Höganäs Borgestad customers will n...

HeidelbergCement resets for the future

26 February 2021, Published under Cement News

HeidelbergCement released its preliminary figures for the full-year 2020 during the week , seeing an impressive operational performance deliver strong financial results, in spite of the pandemic. Going forward the company is now planning asset disposals to further optimise its asset portfolio and has incorporated carbon reduction targets into the company's remuneration and staff incentive schemes. Navigating the pandemic The company's COPE (COVID-19 Contingency Plan Execution) action p...