Cement News tagged under: HeidelbergCement
HeidelbergCement sees losses shrink in 1Q1604 May 2016, Published under Cement NewsHeidelbergCement's cement sales volume rose five per cent YoY for the period from January to March 2016, reaching 17.6Mt for the quarter. According to results released by the company, sales of aggregates also rose, while ready-mix volumes were flat and those of asphalt were down by 12 per cent. Overall, revenue for the period was unchanged on the previous year at EUR2.83bn (US$3.26bn). Operating income before depreciation was up 13 per cent in like-for-like terms at EUR321m (US$369m), whi... |
Germany: thyssenkrupp to install new kiln line at Schelklingen26 April 2016, Published under Cement NewsEngineering firm thyssenkrupp has signed a deal with HeidelbergCement to install a new 4500tpd kiln line at the latter's Schelklingen plant in Baden-Württemberg. The new line is set to come into operation in spring 2018. Lothar Jungemann, CEO of the Cement operating unit in the Resource Technologies business unit of thyssenkrupp Industrial Solutions: “Although most of the cement contracts we have been awarded recently have been to build new production capacities in growth regions, this or... |
Italcementi workers presents demands25 April 2016, Published under Cement NewsThe Italian unions Feneal Uil, Filca Cisl and Cgil Fillea representing Italcementi cement workers, have announced a strike in response to the industrial plan proposed by the government, which may result in 415 dismissals this year and further 250 redundancies in 2017. On 14 April, workers at Italcementi declared their intention to strike, arguing that Heidelbergcement, which is in the process of acquiring the Italian cement manufacturer, had failed to address workers’ concerns. HeidelbergCe... |
Burglengenfeld plant orders ATEC Greco burner for IKN project15 April 2016, Published under Cement NewsHeidelbergCement’s plant at Burglengenfeld, Germany, will receive an A TEC Greco kiln burner by the end of 2016. This project is part of the facility's complete modernisation, which is being carried out by IKN. The scope of A TEC Greco’s supply includes the engineering, design and manufacturing of a tailor-made combustion system with the required peripheral systems for an efficient and reliable operation. The axisymmetric design of the A TEC Greco burner uses three airflows to optimise the... |
Thailand: Italcementi to keep ASEAN base11 April 2016, Published under Cement NewsThailand will continue to be Italcementi Group's production base in ASEAN and its base for expanding into Myanmar after HeidelbergCement acquires Italmobiliare's 45 per cent stake in Italcementi in July, group Chief Executive Officer, Carlo Pesenti, said in an interview with The Nation. "Since Italmobiliare and HeidelbergCement signed an agreement regarding the sale to HeidelbergCement of Italmobiliare's 45 per cent stake held in Italcementi in July last year, we have discussed the poli... |
Oslo order is Norcem's biggest in Norway to date08 April 2016, Published under Cement NewsNorcem, HeidelbergCement’s Norwegian subsidiary, and the Spanish-Italian contractor consortium Acciona Ghella JV (AGJV) have signed an agreement for the cement supplies to the Follo Line Project in Oslo. The supply of 280,000t of cement over a three-year period is Norcem’s largest contract ever. The cement supplies will start later in April. “This is a milestone for HeidelbergCement in Norway and will put great demands on both production and logistics,” said Dr Bernd Scheifele chairman of ... |
HeidelbergCement to sell Italcementi's Belgian operations as part of integration plan06 April 2016, Published under Cement NewsHeidelbergCement has laid out its plans for the restructuring of Italcementi's operations following the former's moves to acquire a 45 per cent stake in the Italian firm last July. These include selling off Italcementi’s entire Belgian operations to address competition concerns. In a press release, HeidelbergCement said that the integration process will see the retention of Italcementi’s Italian operations and brand. The company adds that it expects the acquisition to be finalised by July... |
Italy: strike planned over Heidelberg/Italcementi merger04 April 2016, Published under Cement NewsA strike with national demonstration has been announced for Friday, 29 April 2016 to protest about the possible job cuts for Italcementi workers over the proposed merger with HeidelbergCement Group. The strike was announced by the national coordination of RSU group meeting in Rome. Opponents claim that there is the possibility of up to 2300 jobs in Italy being at risk if the merger is completed. "It's been months but, unfortunately, we have no news from the government about what is happeni... |
CRH and HeidelbergCement named in West Bank lawsuit31 March 2016, Published under Cement NewsCRH and HeidelbergCement are among a number of defendants named in a US$34.5bn lawsuit brought on behalf of Palestinians by US lawyers in Washington DC. The case, which was lodged earlier in March, alleges that both firms were among a number of companies and individuals that engaged in "profiteering" from the building of Jewish settlements in the West Bank, the Irish Times reports. The newspaper noted that CRH sold its stake in Israeli cement company Nesher in January and no longer had... |
HeidelbergCement's refinancing for Italcementi acquisition reduced22 March 2016, Published under Cement NewsHeidelbergCement priced a eurobond issue under its EUR10bn Euro Medium Term Note (EMTN) programme with an issuance volume of EUR1bn and a maturity date of 30 March 2023. The bond was issued at the upper end of the volume and the lower end of the coupon range. Demand was very high, said HeidelbergCement. The bond was more than three times oversubscribed. The proceeds will be utilised for general corporate purposes and especially to prefund the upcoming Italcementi acquisition. Thereby the vo... |