Cement News tagged under: HeidelbergCement

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HeidelbergCement submits EIA for Kaspi

25 November 2016, Published under Cement News

HeidelbergCement has submitted an environmental impact assessment for its US$100m Kaspi modernisation in Georgia. The report will be discussed on 17 January 2017 after interested entities have submitted their comments. The new dry-process line will be able to produce 3000tpd of clinker. The modernisation project aims to reduce fuel consumption as well as provide the opportunity to use alternative fuels. In addition, the plant is expected to benefit from lower maintenance costs and emissio...

HeidelbergCement merges HC Trading and Interbulk Trading

23 November 2016, Published under Cement News

Following the acquisition of Italcementi by HeidelbergCement Group, HC Trading and Interbulk Trading have merged their operations into a new company with a total turnover of round US$1.4bn (based on 2015 trade volumes). The merger of HC Trading and Interbulk Trading under the entity of HC Trading BV will carry the group’s international trading activities, specialising in cement, clinker, coal and petcoke, one step further by expanding the trade network and improving its position in the ma...

USA: FTC approves HeidelbergCement divestiture

16 November 2016, Published under Cement News

The US Federal Trade Commission (FTC) has given its approval to an application from HeidelbergCement and Italcementi for the divestiture of the Essroc Martinsburg cement plant in West Virginia and eight cement terminals, local newspaper the Morning Call reports. The plant and terminals are to be acquired by Cementos Argos for US$660m. The divestiture was required by the FTC to preserve competition in the face of the merger of HeidelbergCement and Italcementi. The deal was originally ag...

Two ratings firms improve gradings for HeidelbergCement

10 November 2016, Published under Cement News

S&P Global Ratings and Moody's have upped their investment ratings for HeidelergCement following the company's 3Q16 results and the Italcementi acquisition. S&P Global Ratings has assigned a BBB-/A-3 company rating to HeidelbergCement. S&P also upgraded the issuance ratings of Italcementi from BB/B to BBB-/A-3. The outlook on all ratings is stable. “We are very happy about the positive rating decision by S&P,” said Dr Bernd Scheifele, CEO of HeidelbergCement. “It is proof of the strong o...

HeidelbergCement sees improved results across the board for 3Q16

09 November 2016, Published under Cement News

In its first results that include the consolidation of Italcementi, HeidelbergCement reported a significant improvement in sales volumes, revenue and operating income in the third quarter of 2016. Cement sales jumped 52 per cent to 33Mt while aggregates volumes advanced 11 per cent to 80Mt and ready-mix concrete deliveries were up 29 per cent to 12Mm 3 . In terms of deliveries, demand rose in several markets, particularly in Europe, but in some parts of North America the company reported ...

9M16 results see upturn in the US and Egypt

04 November 2016, Published under Cement News

Several cement companies released their 9M16 results this week. While the US and Egypt provided a healthy boost to business results for companies such as Titan Cement Group, in Asia and the Middle East returns were less positive. Titan Cement Group released its 9M16 results this week and relied on its Egyptian and US operations to boost its turnover, which climbed to EUR1124m, up 9.2 per cent on the same period in 2015. Several cement producers have seen good margin improvement in Egypt ...

HeidelbergCement completes Belgian assets' sale to Aalborg Portland Holding

26 October 2016, Published under Cement News

HeidelbergCement has completed the sale of operations in Belgium, primarily consisting of Italcementi’s Belgian subsidiary Compagnie des Ciments Belges SA (CCB) to Aalborg Portland Holding SA (Cementir Group). "With the disposal of the Belgium assets we fulfill the obligation of the European Commission and improve the net financial position of HeidelbergCement after the acquisition of Italcementi," said Dr Bernd Scheifele, CEO of HeidelbergCement. HeidelbergCement and Cementir Holding ...

HeidelbergCement appoints new Board of Directors for Italcementi

21 October 2016, Published under Cement News

The HeidelbergCement 19 October shareholder meeting establisheda new Board of Directors for Italcementi. The new members are Luca Sabelli (chairman), Dominik von Achten (executive vice president), Lorenz Näger (executive vice president) and Roberto Callieri (CEO). HeidelbergCement purchased the remaining Italcementi shares that had not been tendered in the mandatory tender offer on 12 October. Therefore, HeidelbergCement is now the sole shareholder of Italcementi and owns 100 per cent of...

Kazakhstan: a nation’s vision

17 October 2016, Published under Cement News

While the need for infrastructure and housing is considerable in Kazakhstan, lower oil receipts, a depreciating tenge and sluggish global growth conspire against elevated levels of public spending. However, the government has pinned its hopes on foreign investment to meet construction demand as well as expand the cement production base, which in turn will reduce expensive imports. While cement demand growth rates of the past are not expected going forward, Kazakhstan still has a co...

HeidelbergCement

13 October 2016, Published under Cement News

Following the closure of its mandatory offer for Italcementi, HeidelbergCement now has 96.4 per cent of the shares and has stated its intention to compulsory acquire the remaining shares as hit holds in excess of 95 per cent of the equity.  The Italcementi shares will be de-listed on 7 October 2016.