Cement News tagged under: HeidelbergCement

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HeidelbergCement considers further portfolio optimisation

22 March 2019, Published under Cement News

Dr Bernd Scheifele, chairman of HeidelbergCement Group, reflected positively on the group's full year 2018 results and its prospects for 2019. HeidelbergCement's revenue rose by five per cent to EUR18.1bn from EUR17.3 in FY17, even though it was impaired by negative currency effects of EUR592m. Adjusted for currency and consolidation effects, revenue increased by eight per cent. The cash flow also developed positively in 2018. HeidelbergCement generated sufficient cash to pay a full divi...

HeidelbergCement's operating line makes progress

21 March 2019, Published under Cement News

Financial guidance for 2019 is for 'solid' or 'moderate' growth in Heidelberg Cement's revenue, EBITDA and EPS, and 'significant' net debt reduction (depending on which report you read). The group's management expects volume increases in all business lines, a tail-wind from energy cost inflation, and further margin improvement from the EUR100m SG&A cost cutting programme, reports Bernstein. HeidelbergCement reported earnings per share (EPS) grew by 25 per cent to EUR5.76 on EBIT grow...

HeidelbergCement reduces its stake in Ciments du Maroc

22 February 2019, Published under Cement News

As part of its action plan to optimise its portfolio and improve cash generation, HeidelbergCement is its reducing stake in Ciments du Maroc. HeidelbergCement announces the sale of around 1.1m shares, representing 7.8 per cent of Ciments du Maroc's share capital, for an aggregate amount of approximately EUR140m. The shares were sold to Moroccan institutional investors through an off-market block trade. Following this transaction, HeidelbergCement retains a controlling stake of 54.6 per ce...

HeidelbergCement Board level changes

20 February 2019, Published under Cement News

Dr Bernd Scheifele will leave the Managing Board in February 2020 after 15 years as chairman. Upon conclusion of his third term at the end of January 2020, Dr Bernd Scheifele will give up the chair of the Managing Board of HeidelbergCement AG to the current Deputy Chairman, Dr Domink von Achten, until the end of January 2025. At the same time, the Supervisory Board asked Dr Scheifele to stand as candidate for Chairman of the Supervisory Board after the end of the statutory two-year coo...

HeidelbergCement achieves 10% revenue growth in 2018

19 February 2019, Published under Cement News

HeidelbergCement has presented its preliminary, unaudited figures for sales volumes, revenue and result from current operations before and after depreciation and amortisation for the 4Q18 and the whole of 2018. Group revenue rose by 10 per cent to EUR 4.7bn, up from EUR4.3bn in 2017. In 2018 the cement and clinker sales volumes of the group increased moderately by three compared with the previous year to 130Mt, up from 126Mt in 2017. Deliveries of aggregates rose slightly by one per c...

New Kaspi production line enters tough market environment

18 February 2019, Published under Cement News

This week HeidelbergCement opened its new US$100m dry-process clinker line at its Kaspi cement plant in Georgia. The new 3000tpd line was originally expected to open at the end of 2018 but had a small delay. The new capacity increases HeidelbergCement’s presence in the local market, where it already operates the terminal at Supsa as well as the Rustavi plant and grinding plant at Poti. It has been a testing last 12 months for the Georgian operations of HeidelbergCement. In August 2018 the...

New Kaspi production line enters tough market environment

15 February 2019, Published under Cement News

This week HeidelbergCement opened its new US$100m dry-process clinker line at its Kaspi cement plant in Georgia. The new 3000tpd line was originally expected to open at the end of 2018 but had a small delay. The new capacity increases HeidelbergCement’s presence in the local market, where it already operates the terminal at Supsa as well as the Rustavi plant and grinding plant at Poti. It has been a testing last 12 months for the Georgian operations of HeidelbergCement. In August 2018 the...

Kaspi Cement opens new 1Mta production line

12 February 2019, Published under Cement News

HeidelbergCement Georgia reports that they have carried out the full modernisation of the Kaspi Cement plant and have opened a new 1Mta production line. Preparatory works for the plant's modernisation project were launched in September 2016, with a US$100m investment in the project. The project was implemented with support from the Georgian Co-Investment Fund and Honeywell Partners. Within the project, a high-standard filtration system and special equipment for continuous emission control ...

HeidelbergCement reportedly considers selling Ukrainian assets

11 February 2019, Published under Cement News

HeidelbergCement is reportedly considering the sale of its assets in Ukraine, according to Interfax-Ukraine. "HeidelbergCement is selling its assets in Ukraine. The deal is to be held in March-April of this year. The buyer will be the Ukrainian investment group Concorde Capital," said a source for the news agency. HeidelbergCement Ukraine owns three plants in the country – Kryvyi Rih, Kamyanske and Amvrosiyivka. As yet, the company has not commented on the alleged sale.

HeidelbergCement targets cash generation

04 February 2019, Published under Cement News

This week the trend for divestments from the large multinationals was again demonstrated by LafargeHolcim's admission that it may seek a buyer for its operations in the Philippines , but it is not alone in trying to seek markets with higher returns. The selling hat is also being worn by HeidelbergCement, which held its Commerzbank German Investment Seminar 2019 in New York on 14 January. Dr Bernd Scheifele, Group CEO, gave a presentation update on the performance of the group in 2018 with s...