Cement News tagged under: HeidelbergCement
Cement Australia stake up for sale?21 March 2016, Published under Cement NewsOne of the two main shareholders of Cement Australia is reported to consider a potential sale of its 50 per cent stake, according to market sources. The value of Cement Australia is being discussed at US$800m, according to reports in Business Spectator. One theory suggests that Holcim could carry out the divestment ahead of plans to sell of its US$3bn Australia and New Zealand division to Adelaide Brighton in light of its merger with Lafarge. However, the deal would be subject to appr... |
HeidelbergCement improves margins and profit18 March 2016, Published under Cement NewsHeidelbergCement's turnover increased by 6.7 per cent last year to EUR13,465m and the EBITDA improved by a 14.2 per cent to EUR2612.7m and the trading profit advanced by 15.7 per cent to EUR1846.1m. After a 14.3 per cent reduction in net interest payments to EUR396.3m, the pre-tax profit rose by 41.1 per cent to EUR1313.4m and the net attributable profit jumped by 64.7 per cent to EUR800.1m after a 54.3 per cent higher tax charge and a minorities charge of 9.2 per cent lower at EUR183.1m.... |
HeidelbergCement India commissions Madhya Pradesh WHR facility17 February 2016, Published under Cement NewsHeidelbergCement India has successfully commissioned a 12MW waste heat recovery (WHR) facility at its Narsingarh Plant in Damoh, Madhya Pradesh, on 15 February 2016. The WHR plant will utilise the waste heat generated by the clinker lines. The power generated will substitute equivalent grid power, thereby reducing the plant's power costs. |
HeidelbergCement full-year revenue up 7%16 February 2016, Published under Cement NewsHeidelbergCement's preliminary 2015 results show a marked increase in operating income with stable volumes and a seven per cent rise in revenue to EUR13.5bn (US$15.1bn). “ 2015 was by far the best year for HeidelbergCement since the financial crisis”, said Dr Bernd Scheifele, chairman of the Managing Board. “Despite the slowdown of the global economy in the course of the year, we were able to significantly increase our operating income as anticipated. Our strict focus on improving efficien... |
HeidelbergCement to modernise Schelklingen29 January 2016, Published under Cement NewsHeidelbergCement will invest EUR100-150m in its Schelklingen works, Germany, according to Hans Georg Kraut, director of the works. The new kiln will not alter the 4700tpd clinker capacity of the plant, but will significantly reduce emissions and energy consumption. Later this year, the old kiln will be disassembled and a new kiln built in its place. The second old kiln at the site will also be dismantled once the new kiln is commissioned in 2018. In addition, two storage halls for waste t... |
Addoha reportedly to sell 30% African stake to HeidelbergCement26 January 2016, Published under Cement NewsIt has been reported that the Moroccan Addoha Group will sell 30 per cent of its African assets to HeidelbergCement, according to local news sources. The value of the transaction is estimated at around MAD2bn (US$202m). When contacted, HeidelbergCement declined to comment. Following the construction of two cement plants in its home market of Morocco (Ben Ahmed and Beni Mellal), the Addoha Group has rapidly expanded its activities in Africa, launching subsidiary Ciments de L'Afrique (CIMAF... |
HeidelbergCement issues EUR625m of debt certificates15 January 2016, Published under Cement NewsHeidelbergCement has successfully issued debt certificates in the amount of EUR625m, thereby further strengthening its financing structure. Due to high demand, it was possible to significantly increase the issue volume from initially EUR400mto EUR625m, the German building materials major highlighted. The newly-issued debt certificates, with a maturity date of 20 January 2022, consist of two tranches: one tranche with a floating rate and the other with a fixed rate. The fixed rate tranche yi... |
HeidelbergCement starts new CI programme12 January 2016, Published under Cement NewsHeidelbergCement has started its Aggregates-CI programme (Continuous Improvement) to continuously optimise the operational and commercial working processes in the area of aggregates (sand, gravel and crushed rock). The new programme follows the margin improvement programme CLIMB Commercial that successfully concluded at the end of 2015. Aggregates-CI will be implemented at all of the more than 500 production sites worldwide. The process enhancements shall lead to sustainable result improveme... |
HeidelbergCement Ukraine appoints Thiede as board chairperson12 January 2016, Published under Cement NewsHeidelbergCement Ukraine, has appointed Silvio Thiede as chairperson of the board, the company said in a statement published by the Ukrainian News Agency. On 4 January the supervisory board of the company elected Thiede for the period of 11 January 2016-11 January 2019. Ukrainian News earlier reported that on 14 April 2015, the stockholders of HeidelbergCement Ukraine decided to close down the Dnipropetrovsk office and Amrosiivka branches (Donetsk region). |
Italcementi05 January 2016, Published under Cement NewsThe board of Italcementi has decided to sell around EUR241m worth of assets to Italmobiliare, with completion expected some time after the takeover of Italcementi by HeidelbergCement has been approved by the authorities. The assets concerned include renewable energy (Italgen), e-procurement (BravoSolution) and some property assets in central Rome. |