Cement News tagged under: HeidelbergCement
Strong Europe performance boosts HeidelbergCement 2Q16 results29 July 2016, Published under Cement NewsA robust performance in Europe has contributed to HeidelbergCement’s improved 2Q16 results. The Germany-based building materials producers reported second-quarter sales of EUR3.575bn, down two per cent YoY but up one per cent on a like-for-like (LFL) basis. All business lines saw their sales increase. Operating income rose by eight per cent to EUR601m from EUR557m in 2Q15, although LFL this increase was 11 per cent and all business lines saw their margins improve. Net profit for 2Q15 improve... |
Philippines: Human rights body begins investigation into GHG-emitting firms29 July 2016, Published under Cement NewsThe Commission on Human Rights of the Philippines (CHR) has begun an investigation into the possibility that major carbon-emitting multinationals have breached human rights law, The Guardian reports. This follows a petition from a group of environmental NGOs led by Greenpeace, which identified 47 Carbon Majors - publicly-traded companies that collectively are responsible for 21.6 per cent of greenhouse gas emissions in the period from 1751 to 2013. The companies involved include major cem... |
India: Zuari Cement gets new MD as part of Italcementi acquisition28 July 2016, Published under Cement NewsJamshed Naval Cooper, formerly CEO and managing director of HeidelbergCement India Ltd (HCIL), is to become managing director of Zuari Cement and managing director of HCIL, India Infoline reports. Mr Cooper, who previously worked for ACC before joining HCIL in 2006, will now be responsible for managing the affairs of both companies. Zuari Cement is an Italcementi subsidiary and the appointment of an HCIL executive as managing director reflects the changes brought about by HeidelbergCement... |
Cementir to acquire HeidelbergCement’s Belgian operations25 July 2016, Published under Cement NewsCementir has announced that it is to acquire HeidelbergCement’s Belgian assets for an enterprise value of EUR312m (US$342m). The deal primarily consists of Compagnie des Ciments Belges SA and is subject to the European Commission giving its approval. HeidelbergCement has been obliged to sell its Belgian operations as part of the process of acquiring Italcementi. In 2015 the assets generated pro forma sales of EUR180m (US$197m) on sales of 1.8Mt of cement, 4.8Mt of aggregates and 0.8Mm 3 ... |
Cyprus: Vassiliko Cement does not expect strategy change05 July 2016, Published under Cement NewsCyprus’s Vassiliko Cement Works Plc Ltd said HeidelbergCement AG is now in control of almost 26 per cent of the Cypriot cement company's voting rights after it acquired a controlling stake in two of its major shareholders. HeidelbergCement directly and indirectly owns 45.5 per cent of Italcementi, which in turn is the owner of of Compagnie Financière et de Participations and Italmed Cement Co, which own 9.7 and 16.3 per cent of Vasiliko shares, respectively, reports Cyprus Business Mail.... |
HeidelbergCement04 July 2016, Published under Cement NewsHeidelbergCement Georgia sold 1.63Mt of cement and clinker during 2015, a 19 per cent increase YoY. The company enjoys a 60 per cent share of the Georgian market and intends to invest some US$100m to build a dry process production line at Kaspi. This should enable the company to lower prices and offer stiffer competition with Black Sea Cement, which is building a 1.5Mta cement works at Senake at a cost of some US$120m. The Senaki works should come online towards the end of next year and i... |
HeidelbergCement completes 45% shareholding in Italcementi04 July 2016, Published under Cement NewsHeidelbergCement AG has completed the acquisition of a 45 per cent shareholding in Italcementi SpA from Italmobiliare SpA. All conditions for the closing of the transaction have been fulfilled following the approval by the relevant competition authorities. "Today’s closing is an important milestone in the history of HeidelbergCement," said Dr Bernd Scheifele, chairman of the Management Board, on Friday, 1 July. "By adding Italcementi to our Group, we are considerably strengthening our globa... |
HeidelbergCement Georgia reports record sales30 June 2016, Published under Cement NewsFor the year 2015 HeidelbergCement Georgia experienced record sales, with 1.63Mt of cement and clinker sold. These sales figures were up 19 per cent on the previous year’s result. With this growth in sales the company holds a 60 per cent share in the Georgian cement market. Director of Construction Materials, David Jugashvili said, “The recent economic changes and devaluation of the national currency have influenced the construction market in Georgia, causing certain risks for market pla... |
CRH reported to carry out due diligence on HeidelbergCement's US assets28 June 2016, Published under Cement NewsIreland-based building materials giant CRH is reportedly among bidders for the US assets put up for sale by HeidelbergCement to appease competition authorities over its Italcementi acquisition. CRH and US company Summit Materials are among bidders chosen to carry out due diligence for US$600m of US assets, according to Bloomberg. In April CRH’s CEO Albert Manifold had already indicated that the group was interested in the Germany-based cement producer. |
Italmobilaire to acqure non-core assets22 June 2016, Published under Cement NewsHeidelbergCement AG and Italcementi SpA have made an amendment to HeidelbergCement's acquisition of the entire participation held by Italmobiliare in Italcementi SpA. The new procedure will allow the parties to proceed with the closing of the transaction on 1 July 2016. Before the closing date, Italmobiliare will now acquire the “non-core assets” ie those participations currently held by Italcementi in Italgen SpA and BravoSolution SpA, as well as certain real estate assets. Italmobili... |