Cement News tagged under: HeidelbergCement
HeidelbergCement announces 7% rise in EBITDA for 3Q1708 November 2017, Published under Cement NewsHeidelbergCement has announced for the third quarter of 2017 a seven per cent YoY rise in EBITDA from its current operations to EUR1058m on a comparable basis (adjusted for currency and consolidation effects). After depreciation and amortisation, the result from current operations grew by seven to EUR787m (3Q16: EUR738m). On a comparable basis, the rise in result from current operations before and after depreciation and amortisation amounted to seven and eight, respectively. “Besides the g... |
HeidelbergCement to invest in Bangladesh grinding mill12 October 2017, Published under Cement NewsHeidelbergCement is set to invest BDT925.3m (US$112m) of its own funds in a new grinding mill at its 1.075Mta Kanchpur plant in Bangladesh. The new mill will add 472,000tpa to the company's total existing cement capacity of 2.5Mta, located in production facilities in Chittagong and Kanchpur. The mill is the latest investment of the Germany-based cement producer in Bangladesh. To date the company has invested around US$100m in the country and currently meets 13 per cent of domestic cement... |
Cementir looks to withdraw from Italy20 September 2017, Published under Cement NewsCementir has provisionally agreed terms with HeidelbergCement for the sale of its Italian cement and ready-mixed concrete operations to Italcementi, subject to such a deal not being blocked by the competition authorities. Bearing in mind that Italcementi is the domestic market leader by a substantial margin approval may not be that easily obtained and may require some disposals to other parties. If concluded, such a deal would make Cementir even more dependent on the Nordic and Benelux m... |
New managing director for Cementa13 September 2017, Published under Cement NewsMagnus Ohlsson has taken up his new position as Managing Director of Swedish building material company Cementa. Mr Ohlsson has worked for Cementa and its parent company HeidelbergCement for many years. Since 2014 he has held the position of Marketing Manager and Vice President of Cementa. "I look forward to pushing Cementa further in the same positive spirit," said Mr Ohlsson in a press statement. "Among other things, we will continue our work on our vision of zero carbon emissions during... |
Dangote sets eyes on PPC Group11 September 2017, Published under Cement NewsAliko Dangote is considering counter offers for the PPC Group and as such could spark a bidding contest for South Africa’s largest cement producer, reported The Star who quoted people close to the subject. Dangote Cement sees the bid as a way to accelerate its pan-African expansion, but the company is only one of several companies keeping a close eye on the bidding. PPC has already received one rival offer to the AfriSam Group bid from Canada-based Fairfax Financial Holdings and both bids... |
Tanzania Portland Cement Co posts 45.6% profit fall in 1H1701 September 2017, Published under Cement NewsTanzania Portland Cement Company (TPCC), part of the HeidelbergCement group, posted a 45.6 per cent drop in first-half profit after increased competition forced down local cement prices. TPCC reported net profit of TZS12.35bn (U$5.5m), down from TZS22.71bn a year ago. The producer's revenue of TZS119bn was down 16 per cent YoY, Chairman Hakan Gurdal said in a statement. Mr Gurdal added that the decline was mainly because of the lower prices in an increasingly competitive market. Mr Gu... |
Personnel change in the Supervisory Board of HeidelbergCement29 August 2017, Published under Cement NewsFollowing an application of the company, the Local Court (Amtsgericht) of Mannheim/Germany supplemented the Supervisory Board of HeidelbergCement AG by appointing Margret Suckale as a member in the capacity of shareholder representative. She succeeds Alan Murray, who had resigned from his position. Her term of appointment will expire on the occasion of the by-election held at the next Annual General Meeting of HeidelbergCement AG on 9 May 2018. “We are pleased that, in Margret Suckale, we... |
Hanson secures road project for Hinkley Point C24 August 2017, Published under Cement NewsHanson UK (HeidelbergCement group) has extended its involvement with EDF Energy’s Hinkley Point C project in the UK, securing a roads construction contract for the Kier Bam joint venture (JV) through its contracting division. The contract includes supplying 40,000t of cement-bound granular material (CBGM) and 100,000t of asphalt over the next two years. The materials will be used to build access roads on site. Hanson Contracting has also secured contracts with Laing O’Rourke, to support... |
Hanson Cement seeks early approval for mill installation18 August 2017, Published under Cement NewsHanson Cement (HeildebergCement group) could start work this year on a GBP20m investment in a new giant mill that will secure nearly 100 jobs, reports Daily Post. The company is upgrading its Padeswood cement plant in Flintshire to guarantee its long-term future of the plant. The plan is to mothball three of the old mills and install a new vertical roller mill capable of grinding up to 650,000tpa of clinker. The Padeswood plant currently has four operational mills but they are old and ine... |
HeidelbergCement expects stronger second-half04 August 2017, Published under Cement NewsWhile second quarter sales by HeidelbergCement were impaired by fewer working days due religious holidays as well as adverse weather conditions in large parts of North America, the German building materials major expects "significantly stronger" development in the second half of the year. The company's sales volumes over the first six months of 2017 rose substantially as a result of the consolidation of Italcementi. Group cement and clinker deliveries increased by 52.1 per cent to 60.66Mt... |