Cement News tagged under: HeidelbergCement

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Deutsche Bank more positive on European building sector in 2013

20 December 2012, Published under Cement News

Deutsche Bank expects cement stocks to be among the front runners in any cyclical recovery in 2013 and recommends "buying" HeidelbergCement, Buzzi Unicem and Lafarge as its top picks within the sector, according to reports by Bloomberg. The bank takes a more positive view on the European building materials sector saying it should benefit from a return to 3.5 per cent  global GDP growth while there could well be a growth surprise in the euro area. "Into 2013 we believe the significant lever...

HeidelbergCement rises on upgrade for debt - report

20 December 2012, Published under Cement News

HeidelbergCement AG jumped the most in more than four months after MainFirst Bank AG analysts predicted the company will regain an investment-grade credit rating next year, according to a report by Bloomberg. HeidelbergCement rose as much as 5.5 per cent to 46.48 euros, the steepest intraday gain since 3 August and the biggest move today on Germany’s benchmark DAX Index. The stock, which was trading up 5.3 percent at 1:15pm in Frankfurt, has jumped 42 perc ent this year, valuing the company...

HeidelbergCement announces winners International Quarry Life Award

17 December 2012, Published under Cement News

On 13 December 2012, the awards were presented to the international recipients at a ceremony in Heidelberg. The guest speaker for the event was none other than primate researcher, UN Messenger of  Peace and environmental acti vist, Jane Goodall, Dame of the British Empire. She spoke about the current threats to the planet, but also about what she sees as reasons for hope. With the Quarry Life Award, HeidelbergCement has established a competition at international level, with the aim of disco...

Euroconstruct downgrades European construction forecasts

16 December 2012, Published under Cement News

Euroconstruct has reduced its forecasts for European construction output for both for this year and next, with a slow recovery expected for 2014.   The forecasts released at its twice-yearly conference for the 19 countries under its coverage contain significantly reduced estimates compared to those published in June 2012. The research group now expects the volume of European construction output to decline by 4.7 per cent this year, 2.6 percentage points (pp) lower than it predicted six mont...

Nomura raises target price on Indocement

10 December 2012, Published under Cement News

Normura Equity Research has raised its target price on Indonesia’s second largest cement producer PT Indocement Tunngal Prakarsa (INTP)  from IDR23,400 to IDR26,900 (US$2.43 to US$2.79). T he research house has maintained its ‘buy’ recommendation on higher production volume and improved enterprise value/EBITDA. "Despite recent outperformance of the cement sector and INTP's share price, we still favour the sector, as in our view the cement sector and INTP will continue to benefit from ris...

HeidelbergCement commissions new grinding plant in Ghana

04 December 2012, Published under Cement News

HeidelbergCement has commissioned a new cement mill with a 1Mta capacity at its Tema cement grinding plant in Ghana. HeidelbergCement’s new 1Mta grinding mill in Tema, Ghana Ghacem, a subsidiary of HeidelbergCement, operates two cement grinding plants in the coastal cities of Tema and Takoradi, Ghana. With the commissioning of the new mill, Ghacem has increased its cement grinding capacity to 3.7Mta. Capital expenditure for the new project amounted to €16m. With around 300,00...

Fitch Ratings: mixed picture for EMEA companies

27 November 2012, Published under Cement News

Fitch Ratings says 3Q12 results reported by Fitch-rated Europe Middle East and Africa (EMEA) cement companies, Holcim Ltd ('BBB'/Stable), HeidelbergCement AG ('BB+'/Stable) and Lafarge SA ('BB+'/Stable) showed a number of positives, but confirmed that general market conditions are still challenging and the outlook remains uncertain. Europe disappoints The European markets represented a negative surprise, mainly due to a weakening in volume sales. This not only reflects some peripheral ...

Gebr Pfeiffer to supply VRM to Scantogo

26 November 2012, Published under Cement News

Sinoma-owned Chengdu Design & Research Institute of Building Materials Industry Co Ltd, the general contractor for Scantogo's new 5000tpd cement production line in Togo, has awarded Gebr Pfeiffer SE the contract for an MPS 5000 B vertical roller mill for raw material grinding. The new MPS raw mill for the HeidelbergCement-owned subsidiary will have a rated capacity of 410tph and has been designed to process raw material with a particularly-high moisture content of 15%. Apart from the s...

HeidelbergCement increases revenue and operating income

08 November 2012, Published under Cement News

German cement major HeidelbergCement has reported increases revenue and operating income in for the third quarter 2012 driven by cost savings and price increases and announced significant reduction in net debt. Group revenue in the 3Q12 rose by 8.9 per cent to €3944m, driven by increasing prices, and a favourable development of exchange rates. Positive exchange rate effects supported the development of revenue particularly in North America, Asia-Pacific, as well as Western and Northern Eu...

HeidelbergCement invests US$250m in Togo

24 September 2012, Published under Cement News

HeidelbergCement will invest US$250m in the building of a new clinker plant and a cement grinding unit in Togo. The new cement works, which will be located in Tabligbo, around 80km northeast of the Togo capital of Lome will have a capacity of 1.5Mta, while the new 0.2Mta grinding facilities will be constructed in Dapaong, 600km to the north.  “The construction of the new clinker plant and the cement grinding facility is part of our strategy of focussing on expanding our clinker and cement...