Cement News tagged under: Heidelberg Materials
GCCA releases its Cement Industry Net Zero Progress Report 202304 December 2023, Published under Cement NewsThe Global Cement & Concrete Association (GCCA) has released its Cement Industry Net Zero Progress Report 2023 providing an update on global action and progress by the GCCA and its member companies. Initiatives featured include development of carbon capture, utilisation and storage (CCUS), increasing use of alternative energy sources and research into new materials and technology. The new report comes two years after the launch of its Concrete Future 2050 Roadmap for Net Zero Concrete. F... |
Heidelberg Materials launches its evoZero brand30 November 2023, Published under Cement NewsUnder its new evoZero brand, Heidelberg Materials is introducing the world’s first carbon captured net-zero cement to customers in Europe. evoZero achieves its net-zero footprint through the application of carbon capture and storage technology at the Heidelberg Materials plant in Brevik , Norway, without compensation from credits generated outside the company’s value chain. “The launch of our unique evoZero products is a paradigm shift in the decarbonisation of our sector,” says Dr Domin... |
Heidelberg Materials’ journey to net-zero07 November 2023, Published under Cement NewsHeidelberg Materials is investing in multiple projects to achieve its ambitious target of reducing its CO 2 emissions by 47 per cent by 2030. From its first carbon capture and storage (CCUS) project at the Brevik plant in Norway almost 20 years ago, the cement producer has developed several CCS projects using a range of technologies. By S Federhen and A Burns, Heidelberg Materials, Germany. Figure 1: by 2030 Heidelberg Materials wants to reduce its CO2 emissions by 47 per cent when ... |
Heidelberg Cement earns a net profit of BDT505.10m in 9M2301 November 2023, Published under Cement NewsHeidelbergCement Bangladesh Ltd earned a net profit of BDT505.10m (US$4.58m) in the nine months of January to September 2023 from a loss of BDT241.31m in the same period last year, according to the financial result of the company. The result tabulation shows that higher sales enable it to earn profit as its revenue rose eight per cent YoY to BDT13.86bn during this period. Warehousing, distribution and selling expenses rose more than 23 per cent YoY to BDT367.43m from BDT281.81m and ad... |
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... |
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... |
UltraTech Cement and Adani Cement alerted to Heidelberg's Indian divestment rumour05 October 2023, Published under Cement NewsUltraTech Cement ( Aditya Birla Group ), and the country’s second-largest cement producer, Adani Cement, may join the race along with Parth Jindal-led JSW Cement to acquire Heidelberg Material’s Indian operations, reports The Hindu. Heidelberg Materials has a cement manufacturing capacity of 13.4Mta across its Indian plants in Damoh (Madhya Pradesh), Yerraguntla (Andhra Pradesh), Sitapuram (Telangana), Ammasandra (Karnataka), Jhansi (Uttar Pradesh), Sholapur (Maharas... |
JSW Cement makes approach for Heidelberg Material's Indian cement operations03 October 2023, Published under Cement NewsJSW Cement , the building materials business of steelmaker JSW Group , is in initial talks with Germany's Heidelberg Materials to acquire the latter's 13.4Mta cement businesses in India, according to The Economic Times of India. JSW Group has reportedly made an unsolicited offer to acquire Heidelberg Materials' local entities that primarily have capacities in the Indian peninsular. The report further added that Heidelberg Materials is yet to make a final call on its India exit str... |
Hanson UK becomes Heidelberg Materials03 October 2023, Published under Cement NewsHanson UK has become Heidelberg Materials , aligning with its parent company, which announced its new global branding in September 2022. “The construction sector faces global challenges such as climate change and the digitalisation of our industry; challenges we are better placed to meet as a strong, united Group,” said Simon Willis of Heidelberg Materials UK. “Having a single brand name and identity sends a clear and consistent message to our increasingly global customers and foste... |