Cement News tagged under: HeidelbergCement

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Croatia: HeidelbergCement appeals Commission's decision

28 February 2017, Published under Cement News

HeidelbergCement AG has appealed against an EU Commission decision from 10 October 2016 that initiated an in-depth Phase II investigation into the joint acquisition of Cemex Croatia by HeidelbergCement and Schwenk. HeidelbergCement and Schwenk Cement jointly control Duna Dráva Cement ("DDC"), a Hungarian cement company that is the largest cement importer in Croatia. Cemex Croatia, the largest cement producer in Croatia, is a subsidiary of the Cemex Group. Schwenk has also appealed the dec...

China National Building Materials (CNBM)

27 February 2017, Published under Cement News

China Triumph International Engineering Co (CTIEC), a subsidiary of CNBM, has been contracted to supply turnkey services to the Phase IV coal transportation project at HeidelbergCement’s Shymkent cement plant in Kazakhstan. With a production capacity of 1.3Mta it is the largest plant in the country.  The contract marks the first project won by CTIEC since HeidelbergCement bought a 45 per cent stake in Italcementi, including the Shymkent plant, in 2016. In 2014 the plant was upgraded with ...

HeidelbergCement releases 4Q16 and 2016 results

14 February 2017, Published under Cement News

HeidelbergCement saw its cement volumes rise by 50 per cent YoY to 30.8Mt from 20.5Mt in the 4Q16, according to a company statement. Aggregates sales volumes recorded an increase of 16 per cent YoY to 73.3Mt (previous year: 63.3Mt). They include the shipments of Italcementi in France, Italy, Spain, Greece, Morocco and North America. In the 4Q16 total ready-mixed concrete deliveries rose also due to consolidation effects by 27 per cent to 12.1Mm 3 (previous year: 9.6Mm 3 ). Grou...

The world in 2016 and outlook for 2017

10 February 2017, Published under Cement News

This year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new era of global political uncertainty that could further destabilise markets. On balance, however, global growth looks set to be anchored by positive trends in the major markets of China, India and the US, more than offsetting the poor performance elsewhere. The large cement majors have spent years diversifying their por...

Emerging markets to remain unpredictable in 2017

03 February 2017, Published under Cement News

The year 2017 is expected to be a difficult one to negotiate for large cement corporations that have high exposure to emerging markets as major price and volume issues are now surfacing.   In recent years several of the major cement groups sought to focus investment and new capacity in the emerging markets, safe in the knowledge that these markets would be the engine of cement consumption growth in the long term. Currently, 60 per cent of LafargeHolcim's EBITDA exposure is in the emergin...

Georgia: Gebr Pfeiffer mill for Heidelberg's Kaspi plant

10 January 2017, Published under Cement News

Gebr Pfeiffer has received an order from HeidelbergCement for a vertical roller mill, which is due to be set up in its new 3000tpd kiln line at the group’s Kaspi plant in Georgia. The mill will be type MPS 4000B, equipped with an SLS 3750B classifier, and has been designed for a capacity of 270tph raw meal. The mill is to be delivered with an enlarged housing to allow raw material with moisture levels of up to 10 per cent to be dried almost exclusively with available preheater gases. C...

USA: Bessemer Cement partly under Argos ownership

10 January 2017, Published under Cement News

Argos USA purchased 13.92 acres of the 114 acre Bessemer Cement plant site from Essroc Cement Corp for US$1,226,026 in November 2016, according to a deed of transfer from the local recorders Office, reports New Castle News. Jeff Sieg of Lehigh Hanson Inc explained to New Castle News that the sale was part of a Federal Trade Commission required divesture of certain assets related to HeidelbegCement's acquisition of Italcementi. In a press release last August, HeidelbergCement announce...

HeidelbergCement announces Quarry Life Award winners of 2016

12 December 2016, Published under Cement News

On 8 December 2016, the winners of the International Quarry Life Award were presented in Brussels, Belgium. This was the third edition of this bi-annual competition established by HeidelbergCement to explore innovative ideas to promote biodiversity at quarry sites. More than 450 proposals from 21 countries were submitted in 2016, of which 94 were selected for the competition in different categories: Habitat and species research, Biodiversity management, Education and raising awareness, Bey...

HeidelbergCement completes sale of US assets to Cementos Argos

01 December 2016, Published under Cement News

HeidelbergCement has completed the US$660m sale of the Martinsburg cement plant and eight terminals to Cementos Argos. HeidelbergCement had been required to sell the West Virginia plant to comply with regulators following the acquisition of Italcementi. It is expected that the company will use the proceeds of the sale to pay down some of debt it took on to finance the acquisition process. “With the disposal of the US assets we fulfil the obligation of the FTC and improve the net financ...

HeidelbergCement issues EUR1bn

29 November 2016, Published under Cement News

HeidelbergCement has priced a Eurobond issue under its EUR10bn EMTN programme with an issuance volume of EUR1bn and a maturity date of 7 February 2025. Demand was very high and the bond was oversubscribed several times, reported HeidelbergCement. With this issue, HeidelbergCement tapped the capital market for the first time following the recent investment grade classification. The eight-year bond bears a fixed coupon of 1.50 per cent. The issue price is at 98.529 per cent, resulting in a ...