Cement News tagged under: HeidelbergCement

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Scan Togo Awandjelo works to be inaugurated

13 July 2017, Published under Cement News

Scan Togo’s new works at Awandjélo in Togo’s Kara region will be inaugurated on 15 July, according to local news reports. The HeidelbergCement-owned works represents an investment of US$15m and is expected to produce 0.2Mta of cement.

HeidelbergCement 2016 sustainability achievements

11 July 2017, Published under Cement News

HeidelbergCement has published its Group Sustainability Report 2016 which shows specific net CO 2 emissions have been reduced by 22.6 per cent compared to the base year of 1990. This eighth Sustainability Report for the group was prepared in accordance with the guidelines of the Global Reporting Initiative (GRI G4) and summarises important topics and challenges for HeidelbergCement in its drive for sustainable development. The report focuses on targets, measures and achievements of the co...

HeidelbergCement and RWTH Aachen to research 'CO2MIN'

30 June 2017, Published under Cement News

HeidelbergCement and Aachen University are setting up a three-year project to investigate absorbing CO 2 from flue gas using olivine and basalt. Funded by EUR3m from the German Federal Ministry of Education and Research (BMBF), and surpported by supported by the Potsdam Institute for Advanced Sustainability Studies (IASS) and the Dutch start-up Green Minerals, the CO2MIN project aims to turn carbonised minerals into a value-added product. Olivine and basalt are able to bind CO 2 over t...

HeidelbergCement issues a Eurobond

07 June 2017, Published under Cement News

HeidelbergCement priced a Eurobond issue under its EUR10bn Euro medium-term note (EMTN) programme with an issuance volume of EUR500m and a maturity date of 14 June 2027. The proceeds of the transaction will be used for general corporate purposes and the refinancing of upcoming maturities. The 10-year bond bears a fixed coupon of 1.500 per cent per annum. The issue price is at 98.891 per cent, resulting in a yield to maturity of 1.621 per cent. Joint Bookrunners of the transaction are Ban...

HeidelbergCement India expects 6-7% market growth

07 June 2017, Published under Cement News

HeidelbergCement India expects cement demand to increase by 6-7 per cent in FY17-18, with the government’s focus on infrastructure being considered a key driver. The company also said that while prospects of a normal monsoon bode well for the industry, oversupply may restrict the ability to pass on any input cost increase, it said in an investor presentation.   The Economic Times of India highlighted that HeidelbergCement cited prospects of normal monsoons, increased focus and outlay fo...

Indonesia: sustaining profitability

19 May 2017, Published under Cement News

Weaker-than-expected growth in Indonesian cement consumption and fierce competitive pressures have led to a tough pricing environment, resulting in local producers looking to mitigate the impact of a challenging market. However, latest volume data by the Indonesian Cement Association (ASI) reveal strong domestic and export sales for the month of April, but can this recovery be sustained? Domestic cement consumption in 2016 was virtually flat (+0.1 per cent) compared to the previous...

HeidelbergCement launches fourth edition of Quarry Life Award

17 May 2017, Published under Cement News

HeidelbergCement has launched the fourth edition of competition to boost biodiversity in quarries. The 'Quarry Life Award' targets innovative approaches to study and boost biodiversity at quarry sites and aims to raise awareness about mining ecology. New in this fourth edition is the separate assessment of scientific and community project ideas. To participate in this competition, students, graduates, researchers, NGOs and local communities have to submit a project to one of the six availa...

HeidelbergCement's 1Q sales volumes boosted by Italcementi acquisition

10 May 2017, Published under Cement News

In the first quarter, the sales volumes of HeidelbergCement’s building materials rose substantially as a result of the consolidation of Italcementi. The continued recovery of the construction industry in North America and Europe also had a positive impact on the development of sales volumes. In contrast, development in the emerging countries was mixed. In the first quarter, the group’s cement and clinker sales volumes increased by 58 per cent to 27.8Mt (previous year: 17.6Mt) as a result o...

Cemex divests of its Pacific Northwest Materials business in the US

18 April 2017, Published under Cement News

Cemex announced that one of its subsidiaries in the US has signed a definitive agreement for the sale of its Pacific Northwest Materials Business to Cadman Materials Inc, a LehighHanson company and US subsidiary of HeidelbergCement Group, for approximately US$150m. The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes. The closing of this transaction is subject to the satisfaction of certain conditions, including approval...

Croatia: EC prevents Cemex Croatian sale

07 April 2017, Published under Cement News

Cemex SAB de CV has announced that the European Commission has refused Cemex permission to sell its Croation operations to Duna-Drava Cement Kft, a joint venture owned by HeidelbergCement and Schenk Zement AG. Therefore, Cemex will maintain its three cement plants, seven concrete plants and two aggregate quarries in Croatia, as well as its network of maritime and land-based terminals in Croatia, Bosnia-Herzegovina and Montenegro.