Cement News tagged under: HeidelbergCement

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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...


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.

EC to investigate HeidelbergCement-Schwenk acquisition of Cemex Croatia

11 October 2016, Published under Cement News

The plans of HeidelbergCement and Schwenk to acquire Cemex's Croatian subsidiary will be subject to review by the European Commission (EC). The transaction would result in the merger of Cemex Croatia, the largest domestic cement producer, with Duna Drava Cement, the largest importer and a subsidiary of the two German cement producers. After a preliminary analysis, the EC concluded that "the proposed transaction would remove a significant competitor in an already concentrated regional ...

Visible cracks

10 October 2016, Published under Cement News

Over the last 18 months CDP has analysed sectors ranging from electric utilities and automotive manufacturing to extractives and has benchmarked how leading players manage climate risks and opportunities. In June it was the turn of the cement sector, as CDP published ‘Visible Cracks’, its first report for investors on the global cement industry. This publication revealed how differently companies in the sector are preparing for the transition to a low-carbon economy. By Tarek Soliman and Cha...

Italcementi shares to cease trading

07 October 2016, Published under Cement News

Shares in Italcementi will be removed from the Milan stock exchange next Wednesday after the conclusion of HeidelbergCement’s takeover, Il Sole 24 Ore reports. Heidelberg has now amassed a stake of more than 96 per cent in Italcementi, giving the German firm the right to purchase the outstanding shares.

Essroc Canada's integration to the HeidelbergCement Goup is approved

06 October 2016, Published under Cement News

The integration Italcementi's business in Canada with the HeidelbergCement Group was formerly approved by the company's board of directors yesterday. Since 1 July 2016 HeidelbergCement Group has been held the majority stake in Italcementi and will take over the entire company following a mandatory takeover bid. The transaction involves the acquisition by Canadian Lehigh Hanson Materials Ltd (LHM), indirectly owned by HeidelbergCement, of the entire share capital, including ordinary and ...