Cement News tagged under: HeidelbergCement
HeidelbergCement01 October 2015, Published under Cement NewsHeidelbergCement has completed the sale of its German lime business to Lhoist. This involves the Walhala Kalkwerk in Ratisbon and the Kalkwerk Istein near Basle. Together these operations generated a turnover of some EUR45m in 2014 and employed around 180 people. |
FLSmidth signs service agreement with Heidelberg01 October 2015, Published under Cement NewsFLSmidth has agreed with HeidelbergCement on a one-year service agreement contract to support its cement plant in Kjøpsvik in Norway. The service agreement between HeidelbergCement and FLSmidth is based on a partnership between FLSmidth's global team of specialists and the HeidelbergCement Kjøpsvik operators and process engineers. The FLSmidth team will real-time monitor and diagnose the plant and advise the Kjøpsvik process operators and process engineers on improvements, increasing availa... |
CCI clears HeidelbergCement-Italcementi deal25 September 2015, Published under Cement NewsCompetition Commission of India (CCI) has approved HeidelbergCement's proposed acquisition of Italcementi SpA. The fair trade regulator said in a tweet said it has approved "acquisition of Italcementi SPA by HeidelbergCement AG". |
HeidelbergCement strengthens finances for Italcementi deal03 September 2015, Published under Cement NewsHeidelbergCement has strengthened its financing to prepare itself for the acquisition of Italcementi. On 31 August, the cement producer completed the disposal of its lime business in Germany to the Belgian Lhoist Group. Both companies agreed not to disclose any details about the transaction. In addition, HeidelbergCement successfully syndicated the bridge financing for the acquisition of Italcementi. All core banks of HeidelbergCement participated in equal shares in the syndication of the c... |
HeidelbergCement 'most exposed' as Kazakh tenge falls20 August 2015, Published under Cement NewsAfter Kazakhstan scrapped the trading band for its currency and moved to a free-floating exchange rate, the Kazakh Tenge dropped 23 per cent today. Among the European Building Materials companies JP Morgan notes that HeidelbergCement is the most exposed. The German-based cement major generated around approximately one per cent of its EBITDA in Kazakhstan and JP Morgan expect the translational FX impact is likely to be c.37bps hit on EBITDA and around a one per cent hit on earnings per sh... |
HeidelbergCement BB+ confirmed on Italcementi deal - Fitch06 August 2015, Published under Cement NewsUS ratings agency Fitch has confirmed the 'BB+' rating on German cement maker HeidelbergCement (HC), with outlook stable, following the company's announced purchase of Italian peer Italcementi. HeidelbergCement intends to finance the EUR4.3bn eal (including Moroccan minorities) with EUR800m in shares sold to the seller, EUR1bn in disposals, EUR800m in capex and working capital savings and the remaining EUR1.7bn through a combination of operational cash flow and additional debt. "The affirm... |
HeidelbergCement benefits from strong North American improvement30 July 2015, Published under Cement NewsHeidelbergCement's first-half results show an 11.2 per cent increase in turnover to EUR6470m. EBITDA improved by 22.3 per cent to EUR1052m, while the trading profit advanced by 27.5 per cent to EUR672m. The net interest charge declined by 5.9 per cent to EUR285m and the pretax profit rose by 69.9 per cent to EUR406m and the net attributable profit improved by 70 per cent to EUR148m. Net debt at the end of June was 20.1 per cent lower than a year earlier at EUR6305m, giving a gearing level 34... |
HeidelbergCement to acquire Italcementi29 July 2015, Published under Cement NewsEleven days after the completion of the acquisition of Lafarge by Holcim to form LafargeHolcim, HeidelbergCement has agreed to acquire Italcementi, with a combined cash and share issue for the 45 per cent controlling stake held by Italmobiliare. A cash offer of EUR10.60 per share will be made by HeidelbergCement for the remaining shares in Italcementi. This represents a 70.6 per cent premium on the weighted average share price of Italcementi over the past three months. Dr Bernd Scheifele,... |
HeidelbergCement to merge Romanian subsidiaries01 July 2015, Published under Cement NewsHeidelbergCement will merge its three subsidiaries in Romania – Carpatcement Holding, Carpat Beton and Carpat Agregate – into a single company, according to the Romanian Insider. The new company will be called HeidelbergCement Romania. Carpatcement Holding has three cement factories in Romania, whereas Carpat Beton owns 18 concrete stations and Carpat Agregate operates 14 quarries and aggregates exploitations. The internal reorganisation process will end in December. HeidelbergCement’s Car... |
HeidelbergCement India clarifies reports on Jaiprakash talks23 June 2015, Published under Cement NewsHeidelbergCement has sought to clarify a report by the Financial Express (India) which stated that the cement producer is in advanced talks to purchase Jaiprakash's Sikandarabad unit in Uttar Pradesh. "In this connection, kindly note that there are no such proposals at the moment and the company maintains high standards of corporate governance by keeping a principle of not reacting to rumours or speculations," HeidelbergCement said in a statement to the Bombay Stock Exchange. "We remain c... |