Cement News tagged under: HeidelbergCement

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HeidelbergCement opens Quarry Life Award

12 May 2021, Published under Cement News

HeidelbergCement has launched the fifth edition of the Quarry Life Award, its nature-based competition involving more than 20 countries worldwide. Researchers, students, local communities, NGOs and nature lovers from around the world can pitch their ideas for sustainable quarry management, with prizes up to EUR30,000 for the most innovative projects. The Quarry Life Award supports HeidelbergCement and its partners, such as BirdLife International, in raising awareness of biodiversity in gene...

HeidelbergCement sees revenue up 1% in 1Q21

06 May 2021, Published under Cement News

HeidelbergCement has seen its revenue increase 0.7 per cent YoY to EUR3958m for the first quarter of 2021, or up four per cent on a like-for-like basis. The result from current operations before depreciation and amortisation (RCOBD) surged 33 per cent to EUR538m, while the result from current operations rose 280 per cent YoY to EUR233m. "HeidelbergCement has made an excellent start to 2021," said Dr Dominik von Achten, chairman of the Managing Board. "In all group areas, we have once agai...

LafargeHolcim makes Greek acquisitions

05 May 2021, Published under Cement News

Greece-based Heracles Group (LafargeHolcim) has signed an agreement with HeidelbergCement’s Halyps subsidiary, which will see Heracles acquire its aggregates business and two ready-mix concrete plants in Athens, Greece. The acquisition will strengthen the company’s position to support Athens’ thriving metropolitan area and key infrastructure projects with sustainable building solutions, according to a press release. This is LafargeHolcim’s fifth bolt-on acquisition in 2021. "I am excited ...

FLSmidth awarded contract at Norcem Brevik

22 April 2021, Published under Cement News

The well-known carbon capture and storage (CCS) project at Norcem Brevik in Norway is progressing with HeidelbergCement and FLSmidth having signed an agreement for FLSmidth to deliver the necessary plant modifications allowing for downstream CO 2 removal. Final commissioning is scheduled for the first half of 2024.   The capturing process at the Norcem Brevik plant will use a mixture of water and organic solvents to remove the CO 2 . But before CO 2 can be removed, the pr...

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...

Which US cement producers can exploit higher cement demand in 2021?

16 April 2021, Published under Cement News

The Portland Cement Association's ( PCA) Spring Cement Consumption Forecast for 2021-22 indicated that cement demand in the USA could match or exceed last year's growth of two per cent, despite the loss of nearly 9.5m jobs and a severe decline in real GDP as a direct result of the country's lockdowns and economic impact from COVID-19. Further, the PCA was keen to highlight the long-term upturn in US cement demand that would be supported by the US$2.2trn eight-year infrastructure 'Bui...

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...

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...

Hanson set to begin working on carbon capture and storage

19 March 2021, Published under Cement News

HyNet North West has secured GBP72m of funding to create the world’s first low-carbon industrial cluster, through its development of a hydrogen and carbon capture and storage (CCS) project in northwest England. As a consortium partner, Hanson can now carry out a CCS feasibility study at its Padeswood facility near Mold, Flintshire, according to a press release. The study will provide a design basis and cost estimate for a carbon capture plant and connection to the planned HyNet North West...