Cement News tagged under: HeidelbergCement

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HeidelbergCement working to lower carbon emissions

21 November 2017, Published under Cement News

HeidelbergCement and the European Molecular Biology Laboratory (EMBL) have signed an agreement on a three-year collaboration to exchange scientific and technical knowledge, according to a company press release. HeidelbergCement has pledged to lower specific CO 2 emissions by 30 per cent by 2030 in comparison to 1990 levels. This agreement is an attempt to further that goal by exploring solutions in CO 2 reduction alongside EMBL. This will be achieved through a series of conferences a...

HeidelbergCement reduces Georgia investment

13 November 2017, Published under Cement News

HeidelbergCement is raising EUR115m (US$134m) by selling 50 per cent of its Georgian subsidiary to a Georgian investment fund called Cement Invest, which belongs to Georgian Co-Investment Fund and Hunnewell Partners, a special situations investment fund. HeidelbergCement has been active in Georgia since 2006 and a new kiln line is currently under construction that is expected be completed by the end of 2018. Currently, there are three integrated cement works, one grinding centre, 13 ready...

HeidelbergCement announces 7% rise in EBITDA for 3Q17

08 November 2017, Published under Cement News

HeidelbergCement has announced for the third quarter of 2017 a seven per cent YoY rise in EBITDA from its current operations to EUR1058m on a comparable basis (adjusted for currency and consolidation effects). After depreciation and amortisation, the result from current operations grew by seven to EUR787m (3Q16: EUR738m). On a comparable basis, the rise in result from current operations before and after depreciation and amortisation amounted to seven and eight, respectively. “Besides the g...

HeidelbergCement to invest in Bangladesh grinding mill

12 October 2017, Published under Cement News

HeidelbergCement is set to invest BDT925.3m (US$112m) of its own funds in a new grinding mill at its 1.075Mta Kanchpur plant in Bangladesh. The new mill will add 472,000tpa to the company's total existing cement capacity of 2.5Mta, located in production facilities in Chittagong and Kanchpur. The mill is the latest investment of the Germany-based cement producer in Bangladesh. To date the company has invested around US$100m in the country and currently meets 13 per cent of domestic cement...

Cementir looks to withdraw from Italy

20 September 2017, Published under Cement News

Cementir has provisionally agreed terms with HeidelbergCement for the sale of its Italian cement and ready-mixed concrete operations to Italcementi, subject to such a deal not being blocked by the competition authorities.  Bearing in mind that Italcementi is the domestic market leader by a substantial margin approval may not be that easily obtained and may require some disposals to other parties. If concluded, such a deal would make Cementir even more dependent on the Nordic and Benelux m...

New managing director for Cementa

13 September 2017, Published under Cement News

Magnus Ohlsson has taken up his new position as Managing Director of Swedish building material company Cementa. Mr Ohlsson has worked for Cementa and its parent company HeidelbergCement for many years. Since 2014 he has held the position of Marketing Manager and Vice President of Cementa. "I look forward to pushing Cementa further in the same positive spirit," said Mr Ohlsson in a press statement. "Among other things, we will continue our work on our vision of zero carbon emissions during...

Dangote sets eyes on PPC Group

11 September 2017, Published under Cement News

Aliko Dangote is considering counter offers for the PPC Group and as such could spark a bidding contest for South Africa’s largest cement producer, reported The Star who quoted people close to the subject. Dangote Cement sees the bid as a way to accelerate its pan-African expansion, but the company is only one of several companies keeping a close eye on the bidding. PPC has already received one rival offer to the AfriSam Group bid from Canada-based Fairfax Financial Holdings and both bids...

Tanzania Portland Cement Co posts 45.6% profit fall in 1H17

01 September 2017, Published under Cement News

Tanzania Portland Cement Company (TPCC), part of the HeidelbergCement group, posted a 45.6 per cent drop in first-half profit after increased competition forced down local cement prices. TPCC reported net profit of TZS12.35bn (U$5.5m), down from TZS22.71bn a year ago. The producer's revenue of TZS119bn was down 16 per cent YoY, Chairman Hakan Gurdal said in a statement. Mr Gurdal added that the decline was mainly because of the lower prices in an increasingly competitive market. Mr Gu...

Personnel change in the Supervisory Board of HeidelbergCement

29 August 2017, Published under Cement News

Following an application of the company, the Local Court (Amtsgericht) of Mannheim/Germany supplemented the Supervisory Board of HeidelbergCement AG by appointing Margret Suckale as a member in the capacity of shareholder representative. She succeeds Alan Murray, who had resigned from his position. Her term of appointment will expire on the occasion of the by-election held at the next Annual General Meeting of HeidelbergCement AG on 9 May 2018. “We are pleased that, in Margret Suckale, we...

Hanson secures road project for Hinkley Point C

24 August 2017, Published under Cement News

Hanson UK (HeidelbergCement group) has extended its involvement with EDF Energy’s Hinkley Point C project in the UK, securing a roads construction contract for the Kier Bam joint venture (JV) through its contracting division. The contract includes supplying 40,000t of cement-bound granular material (CBGM) and 100,000t of asphalt over the next two years. The materials will be used to build access roads on site. Hanson Contracting has also secured contracts with Laing O’Rourke, to support...