Cement News tagged under: HeidelbergCement

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A new focus for HeidelbergCement

18 September 2020, Published under Cement News

HeidelbergCement's 2020 Capital Markets Day – 'Beyond 2020' set out many ambitious forward targets for the global building materials company as it looks to strengthen its core portfolio and embrace the megatrends of increasing urbanisation, digitalisation and a shift towards a low-carbon future. In a bold move, it has brought forward some of its key targets for carbon reduction by five years. A simplified organisational structure will also see one global function per board member. 

 'Beyo...

HeidelbergCement to end clinker production in Leimen

18 September 2020, Published under Cement News

HeidelbergCement announced the shutdown of clinker production at its cement plant in Leimen in  Germany’s Rhine-Neckar region by the end of 2022 or beginning of 2023 as limestone reserves in the Nussloch quarry are depleted. In addition, the kiln lines are no longer state-of-the-art and would have required several million euros of investments and hence, clinker production going forward is not considered an economically-viable option, according to the cement producer. The workforce will be re...

HeidelbergCement reveals its 'Beyond 2020' strategy

17 September 2020, Published under Cement News

Dr Dominik von Achten, CEO of HeidelbergCement announced the company’s ambitious new strategy ‘Beyond 2020’ in its Capital Markets Day live webinar yesterday. HeidelbergCement set new targets for carbon reduction, improved EBITDA margin and return on investment capital (ROIC). It also indicated that it would shift its divesting focus of non-core assets to more core asset disposals while investing in digitalisation and low-carbon products. The group has reset its CO 2 reduction goals for 20...

LEILAC 2 & HeidelbergCement’s pathway to carbon neutrality

07 September 2020, Published under Cement News

To support its goal to supply carbon-neutral concrete by 2050, HeidelbergCement is developing several initiatives, including the second phase of its LEILAC project. By HeidelbergCement, Germany. LEILAC-1 at HeidelbergCement’s Lixhe plant in Belgium HeidelbergCement is committed to providing carbon-neutral concrete to all its customers by 2050. Considering the impacts of COVID-19, the company has, together with many other DAX companies, urged the German government to ‘maintain cl...

ENCI's Maastricht plant to close at the end of August

11 August 2020, Published under Cement News

The ENCI (HeidelbergCement) cement works in Maastricht, The Netherlands, is due to shut down at the end of this month, according to Dutch News. Limestone quarrying stopped in 2018 and raw materials have since been delivered to the plant by ship. High maintenance costs have also contributed to the factory becoming loss-making. The quarry is currently being redeveloped as a nature reserve. ENCI’s two other cement works in The Netherlands are expected to remain open.

HeidelbergCement's 1H revenue declines by 10% to EUR8.25bn

30 July 2020, Published under Cement News

HeidelbergCement Group revenues decreased by 10.4 per cent to EUR8.254bn compared to  EUR9.212bn in 1H19 and the company posted a loss of EUR3.095bn for the 1H20. In addition to lower sales volumes, the decline in revenue is also due to the changed business policy at HC Trading, reported HeidelbergCement. Cement sales reached 56.3Mt in the 1H20, a decline of seven per cent from 61Mt in the 1H19. Aggregate sales totalled 134.8Mt in the 1H20, down seven per cent from 145.6Mt in the 1H19 and r...

Norwegian CCS project is awarded EUR2.1bn

20 July 2020, Published under Cement News

The full-scale carbon capture and storage (CCS) project in Norway has been awarded EUR2.1bn from the European Free Trade Association (EFTA) Surveillance Authority (ESA). By supporting the project, the Norwegian government aims to scale up CCS and share its knowledge and experience. The approved project will allow for the establishment of carbon capture facilities at Norcem's (HeidelbergCement) Brevik cement factory as well as at Fortum Oslo Varme, a waste-to-energy plant. The CCS project...

European building materials sector shows resilience

17 July 2020, Published under Cement News

Following the downturn in activity for the French construction materials sector in April, the following month saw the beginnings of a sequential recovery and even more impressive results were noted in June, according to a CIC Market Solutions (France) report. The country’s ready-mix sector saw activity return from -62 per cent YoY in April to +14-20 per cent in June, while distribution activity recovered to +12-14 per cent in the same month. The positive boost for the sector has stimulate...

HeidelbergCement's preliminary 2Q20 results above market expectations

15 July 2020, Published under Cement News

In the course of preparing the 1H20 financial report of HeidelbergCement AG, the preliminary 2Q20 financial figures deviate from the capital market expectations, which are based on the average value of the estimates available to the company from financial analysts. Therefore, HeidelbergCement is publishing the following preliminary 2Q20 key figures from the half-year financial 2020 report: • Preliminary revenue amounts to EUR4324m in the 2Q20. The capital market expects EUR3907m for this ke...

HeidelbergCement revaluates business units with impairment test

07 July 2020, Published under Cement News

Due to the COVID 19 pandemic, HeidelbergCement AG has reviewed the business prospects of all significant local business units of the group, and has carried out an impairment test on its asset portfolio in the 2Q20. The audit leads to an impairment of goodwill and tangible fixed assets shown in the consolidated balance sheet totalling around EUR3.4bn (US$3.8bn) before tax. Regionally, the impairments relate mainly to business units in western and southern Europe (UK, France, Belgium, The ...