Cement News tagged under: HeidelbergCement
HeidelbergCement revaluates business units with impairment test07 July 2020, Published under Cement NewsDue 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 ... |
HeidelbergCement highlights achievements and plans in 2019 sustainability report26 June 2020, Published under Cement NewsHeidelbergCement reiterated its sustainability focus on climate protection in its newly-published 2019 sustainability report. By 2030 the company plans to reduce its specific net CO 2 emissions per tonne of cement by 30 per cent compared with 1990. It was the first cement producer to have Science-Based Targets initiative (SBTi)-verified CO 2 reduction targets. Progress to date has seen these emissions fall by 22 per cent and HeidelbergCement reduced its specific net CO 2 emissions to 589... |
Aker Solutions signs CO2 capture agreement with Norcem17 June 2020, Published under Cement NewsAker Solutions and HeidelbergCement-owned Norcem have signed an agreement towards the engineering, procurement and construction of a CO 2 capture, liquification and intermediate storage plant at Norcem’s cement plant in Brevik, Norway. The carbon capture plant in Brevik is part of the Norwegian carbon capture demonstration project to be funded by the Norwegian government. Parliament is expected to take the final decision to implement the full-scale project in the national budget for 2021.... |
HeidelbergCement Trading names new CEO15 June 2020, Published under Cement NewsDr Carsten Sauerland will assume the role of CEO of HeidelbergCement Trading (HCT), effective 1 September 2020. Dr Carsten Sauerland becomes HC Trading's new CEO from 1 September 2020 In his new position, Mr Sauerland will report directly to Hakan Gurdal, member of the Managing Board of HeidelbergCement, who held the HCT CEO position on an interim basis. Dr Carsten Sauerland studied Business Administration and Management at the Universities of Mannheim and Barcelona and re... |
HeidelbergCement announces EUR0.60 dividend per share at AGM05 June 2020, Published under Cement NewsHeidelbergCement held its 131st Annual General Meeting (AGM) yesterday with around 1000 people following the live transmission on the Internet. Prior to the AGM shareholders submitted a record 120 questions (previous year: 36 questions). For the 2019 financial year, HeidelbergCement shareholders will receive a dividend of EUR0.60/share (2018: EUR2.10). The total distribution to shareholders thus amounts to around EUR119m. The dividend will be paid on 9 June 2020. In view of the scope and... |
HeidelbergCement’s Nordic light11 May 2020, Published under Cement NewsThe countries of Denmark, Norway and Sweden are part of HeidelbergCement Group’s Northern and Eastern Europe-Central Asia division. In an exclusive interview, ICR speaks with Giv K Brantenberg, general manager of HeidelbergCement Northern Europe, to find out about the company’s engagement with these three Nordic markets. ICR speaks with Giv K Brantenberg, general manager of HeidelbergCement Northern Europe ICR: How are the construction markets in Denmark, Norway and Sweden perf... |
HeidelbergCement releases 1Q20 results07 May 2020, Published under Cement NewsHeidelbergCement has recorded a seven per cent decline in revenue to EUR3.93bn for the first quarter of 2020, compared with EUR4.24bn in the year-ago period. The company saw sales volumes across all lines increase in January and February, however, its volumes from mid-March were severely affected by the coronavirus pandemic. As a result, total cement and clinker sales volumes decreased three per cent YoY to 27.7Mt from 28.6Mt. Deliveries of aggregates also fell four per cent to 60.1Mt in t... |
Aker Solutions' carbon capture technology approved by DNV GL30 April 2020, Published under Cement NewsDNV GL, the technical advisor to the oil and gas industry, has approved as qualified, technology for a full-scale demonstration project in Norway to remove carbon emissions at the Brevik cement plant. Gassnova, the Norwegian state’s agency for implementation of carbon capture and storage projects, initiated the project that will apply carbon capture technology developed by Aker Solutions at HeidelbergCement's Norcem cement plant in Brevik. Aker Solutions' post-combustion technology is int... |
HeidelbergCement cuts work hours and Board waives 20% of salaries in 2Q2020 April 2020, Published under Cement NewsHeidelbergCement has agreed with the works council and employee representatives to introduce short-time work for its employees in Germany in response to the coronavirus. Initially, the short-time working regulations primarily affect employees from the group's head office in Heidelberg. The extent of short-time work is determined for employees depending on the loss of work and can be up to 100 per cent. In addition, the Supervisory Board and the Management Board of HeidelbergCement have d... |
HeidelbergCement issues Eurobond with a volume of EUR650m03 April 2020, Published under Cement NewsHeidelbergCement priced a Eurobond issue (ISIN XS2154336338) under its EUR10bn EMTN programme with an issuance volume of EUR650m and a maturity date of 9 October 2024. The proceeds of the transaction will be used for general corporate purposes and the refinancing of upcoming maturities. The 4.5-year bond bears a fixed coupon of 2.500 per cent annually. The issue price is at 99.605 per cent, resulting in a yield to maturity of 2.596 per cent. "With the successful placing of the bond, Heidel... |