Cement News tagged under: HeidelbergCement

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HeidelbergCement reports record 2017

22 March 2018, Published under Cement News

Despite a challenging environment, HeidelbergCement has announced at 14 per cent YoY increase in revenues to EUR17.3bn in 2017 from EUR15.2bn in 2016 although on a pro-forma basis, ie taking into account the contributions of Italcementi for the 1H16, the increase was more modest at two per cent. The company's sales volumes of cement, aggregates and ready-mixed concrete increased significantly and reached new records, particularly due the acquisition of Italcementi. Total cement sales reac...

A time of reassessment for HeidelbergCement

23 February 2018, Published under Cement News

This week it was announced that HeidelbergCement would be selling its 51 per cent stake in the Lehigh White Cement Co LLC while the company also reported on its full-year and 4Q17 results . The sale of HeidelbergCement's interest in the Waco and York cement plants in the USA would mean a complete exit from the North American white cement market for the Germany-based multinational. HeidelbergCement is carrying out a global portfolio review and optimisation process to generate cash flow. T...

HeidelbergCement announces 4Q17 and FY17 preliminary results

20 February 2018, Published under Cement News

HeidelbergCement's preliminary results for the 2017 financial year highlighted a significant rise for cement and clinker sales volumes, due to consolidation, increasing by 22 per cent to 126Mt, compared to 103Mt in 2016. Aggregates sales volumes recorded a growth of 12 per cent to 305Mt, up from 272Mt in 2016, while ready-mixed concrete volumes increased by 11 per cent to 47Mm 3 compared to 43Mm 3 in 2016. In the reporting year, sales volumes of the core products cement, aggregates, and ...

HeidelbergCement to sell to stake in Lehigh White Cement Co

15 February 2018, Published under Cement News

HeidelbergCement announces that its subsidiary Lehigh Cement Company LLC has signed an agreement to sell its 51 per cent position in Lehigh White Cement Company to the minority shareholders Aalborg Cement Company Inc and Cemex Inc. The enterprise value of the transaction amounts to about US$140m. Closing of the transaction is subject to customary conditions and is expected during the first quarter 2018. “As a niche product with small volumes, the standalone production of white cement does...

Cementir boosted by full-year results from Belgium

15 February 2018, Published under Cement News

Cementir Holding's turnover in 2017 increased by 25.3 per cent to EUR1287.5m and EBITDA was ahead by 11.5 per cent to 220.5m. As regards the continuing business, the turnover advanced by10.9 per cent to EUR1140.0m and EBITDA emerged 13.3 per cent ahead at EUR224.2m, while the trading profit showed a 50 per cent advance to EUR142m. Net debt at the end of 2017 was 4.6 per cent lower at EUR536.6m, while capital investment in the year increased by 33.9 per cent to EUR92m. Since the year end, ...

LEILAC holds inaugural conference in Belgium

09 February 2018, Published under Cement News

The inaugural Innovation in Industrial Carbon Capture Conference was held in Oupeye, Belgium, on 7-8 February. Over 130 delegates attended the two-day event organised by the Low Emissions Intensity Lime and Cement (LEILAC) Consortium. LEILAC has set up an industrial project with EUR12m of EU funding to demonstrate technology designed to reduce carbon emissions from cement and lime industries. As part of the conference programme, the official groundbreaking ceremony of the project was held...

Cimburkina lays first stone of second Kossodo mill

05 February 2018, Published under Cement News

HeidelbergCement-owned Cimburkina has officially laid the first stone of its second mill at its Kossodo plant in Ouagadougou, Burkina Faso, on 1 February. The 150tph mill will lift capacity at the site to 2Mta and represents an investment of XOF15bn (US$28.5m). The project will also see the construction of a 2000t silo and a new bagging line.

Multiple promotions for Lehigh Cement's Mitchell staff

10 January 2018, Published under Cement News

HeidelbergCement-owned Lehigh Cement Co announced multiple promotions in key management positions. Quentin McGahey, former plant manager at the Mitchell cement plant in Indiana, is now Vice President, Cement Operations Northeast, based in Allentown (PA). McGahey joined Lehigh Cement Company in 2016 and has more than 22 years of experience in mining and cement manufacturing. McGahey also served as an Army officer before beginning his civilian career.   Jerry Miller, former assistant plant ...

HeidelbergCement on path to consolidate Italian market

05 January 2018, Published under Cement News

HeidelbergCement's acquisition of Cementir Italy via its Italcementi subsidiary will make HeidelbergCement the Italian leader with a combined market share of around 38 per cent, ahead of Buzzi Unicem with 22.5 per cent, according to CIM-CIC Market Solutions. The research house also reports that the antitrust authority analysed the combined positions of the two entities (Italcementi and Cementir Italia) in eight commercial regions: Arquata (AL), Cagnano, Maddaloni, Spoletto, Tarante, Tar...

Italcementi completes Cementir Italia acquisition

03 January 2018, Published under Cement News

HeidelbergCement subsidiary Italcementi has completed the acquisition of Cementir Italia. All conditions for the closing of the transaction have been fulfilled following the approval by the Italian competition authority. "With the acquisition of Cementir Italia we significantly improve our nationwide presence in Italy," explains Dr Bernd Scheifele, chairman of the Managing Board of HeidelbergCement. "For Italcementi, the acquisition is a unique opportunity to grow and consolidate its posi...