Cement News tagged under: HeidelbergCement
USA: clearance for Italcementi acquisition20 June 2016, Published under Cement NewsOn 17 June 2016, the United States Federal Trade Commission reached an agreement with HeidelbergCement AG and Italcementi SpA allowing the merger between the two companies to proceed on schedule. The Federal Trade Commission accepted the proposed divestment of operations in the US, which primarily consists of Italcementi’s Martinsburg, West Virginia plant and up to 11 terminals. All competition approvals necessary for closing the Italcementi acquisition have now been obtained. The full... |
Germany: HeidelbergCement applies for new Vohenbronnen quarry permit17 June 2016, Published under Cement NewsHeidelbergCement has applied for a new, long-term mining permit for the Vohenbronnen quarry. The current authorisation expires in 2020, the company announced. The Schelklingen cement plant extracts raw materials from the Vohenbronnen quarry, which is located just 3km away, situated in the districts of Schelklingen, Schmiechen, Pappelau and Ringingen. The raw material is then transported on a 2km-long conveyor belt directly into the cement plant. The Schelklingen cement plant needs 2Mta t... |
Romania: sales and profits increase07 June 2016, Published under Cement NewsFor the year 2015 three major cement producers in Romania saw an increase in both sales and profits. Holcim Romania increased its sales by 15 per cent in 2015, achieving a turnover of EUR253m (US$287.5m). The company also reported a net profit of EUR29m, 81 per cent higher compared to 2014. HeidelbergCement reported sales of EUR118m and a net profit of EUR25m, up 19 per cent from the previous year. CRH Romania, which took over Lafarge’s local operations, surpassed competitor Heidelb... |
European Commission gives green light to HeidelbergCement's Italcementi acquisition27 May 2016, Published under Cement NewsHeidelbergCement has received clearance from the European Commission for the acquisition of Italcementi. The European authority accepts the proposed divestment of operations in Belgium, i.e. Italcementi’s local subsidiary Compagnie des Cements Belges SA (CCB), to avoid anti-competition issues in Europe. “We are very pleased with the positive decision of the European Commission”, says Dr Bernd Scheifele, chairman of the Managing Board of HeidelbergCement. “This decision is an important mil... |
Italy: Consolidation needed as consumption forecast to remain depressed27 May 2016, Published under Cement NewsWith the European Commission having this week given the go-ahead to HeidelbergCement’s acquisition of Italcementi, Italy’s largest cement producer is set to become even less dependent upon what was until now its home market. Since 2007 Italcementi's domestic market has contracted from a peak consumption of 46.4Mt nine years ago to 19.6Mt in 2015, with demand predicted to be flat in 2016. The Italian cement producers’ association, AITEC, predicts that consumption will remain below 23Mt until ... |
India: HeidelbergCement 4Q FY16 margins up 16.5%25 May 2016, Published under Cement NewsOperating margins of HeidelbergCement India jumped 18 per cent in the fourth quarter of FY16 compared to 16.5 per cent in the same period last year. Speaking to CNBC TV, said Jamshed Naval Cooper, CEO and MD of HeidelbergCement India said, "Lower pricing on the revenue front and improved operating efficiencies helped the company post good results in the 4Q of FY16." "For the fourth quarter the volume has been up by about two per cent. The costs have been lower by about 3.9 per cent. On ... |
Georgia: HeidelbergCement Caucasus expects July 2016 work start for Kaspi19 May 2016, Published under Cement NewsHeidelbergCement Caucasus (HCC) announced it will renovate and develop its cement plant in Kaspi in the Shida Kartli region of Georgia in the next two years. Preparation works in Kaspi started at the end of last year with the main works anticipated to start in July 2016. The development initiative represents a total investment of US$120m, of which US$100m will be spent on installing a new dry-process cement line at Kaspi and a further US$20m in upgrading and developing the supporting netw... |
North America: Lehigh Hanson and Essroc closer to integration10 May 2016, Published under Cement NewsIntegration of Lehigh Hanson and Essroc Cement is one step closer, with a scheduled mid-summer closing, as reported by Aggregate Research. With the merger of HeidelbergCement and Italcementi, the amalgamation of two of the US cement subsidiaries is moving ever closer. Shareholders of both firms were informed of Competition Bureau of Canada approval, as well as the forthcoming US Federal Trade Commission clearance of a combined Lehigh Hanson and Essroc Cement business, at the recent Heidelbe... |
Pressure put on HeidelbergCement to close West Bank quarry06 May 2016, Published under Cement NewsGermany's HeidelbergCement is looking for a new site in the Israeli-occupied West Bank following long-standing criticism from investors about its operations in parts of the territory that are fully under Israel's control. HeidelbergCement excavates sand and gravel in the West Bank's resource-rich Area C, which is administered by Israel and is home to the vast majority of Jewish settlements. The Palestinians want all of the West Bank, including Area C, which accounts for 60 per cent of the ... |
Belgium: Lixhe plant funded for carbon capture05 May 2016, Published under Cement NewsHeidelbergCement is to start a project capturing CO 2 at its Lixhe plant in Belgium. The five-year project is being led by the Low Emissions Intensity Lime and Cement consortium, which includes the Australian technology company Calix, HeidelbergCement, and other lime and cement producers, says Aggregate Research. The project, which has been granted US$13m in EU funds, calls for the construction of a cutting-edge testing facility to study a new technology for the capture of CO 2 . In t... |