Cement News tagged under: HeidelbergCement

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Tvornica Cementa forecasts FY12 double-digit declines

10 September 2012, Published under Cement News

Tvornica Cementa Kakanj (TCK), the Bosnian unit of HeidelbergCement, expects to post a 10-14 per cent drop in cement sales this year as local market conditions and the impact of the Euro zone crisis continue to weigh on performance. Speaking to SeeNews, the company’s general manager, Branimir Muidza, said that cement sales are seen at around BAM64m. "On the backdrop of the existing economic environment, our domestic sales volumes are seen flat in 2012 and would depend on the pace of const...

ANH Refractories revamps cement division

06 September 2012, Published under Cement News

ANH Refractories is launching a revamped range of products for the cement manufacturing sector following a period of intensive testing and research. The American owned company says its subsidiary, ANH Refractories Europe now manufactures and distributes its comprehensive range of refractory products for cement kilns from its Bromborough UK plant to customers worldwide.?  ANH Europe managing director Peter Rooney said the aim is to simplify customers’ product selection process and drive...

Indocement profit rises, gears up for expansion

02 August 2012, Published under Cement News

Indocement Tunggal Prakarsa, part of the HeidelbergCement group, reported a 24 per cent rise in profit for the first half of 2012 driven by higher sales as the company gears up to take advantage of growing domestic requirements. For the six months to June 2012, net income rose to IDR2.1trn (US$223m) from IDR1.7trn in the same period of last year while revenues were up 30 per cent to IDR8.2trn According to finance director Tju Lie Sukanto, in the first half of the year Indocement spent ...

HeidelbergCement revenues rise driven by North America and Asia

31 July 2012, Published under Cement News

HeidelbergCement has reported a rise in revenue and profit for the second quarter of 2012 driven by increased sales in North America and Asia as well as successful price increases. The group has confirmed its targets for the year and expects sustained growth in Asia-Pacific and Africa-Mediterranean Basin as well as continuing recovery in North America but weaking demand in parts of Europe. The company's revenue for the April-June period rose 11 per cent to EUR3.8bn.  Positive exchange rat...

HeidelbergCement opens new Lithuanian terminal

30 July 2012, Published under Cement News

HeidelbergCement has opened a new cement terminal in Klaipeda, city in Lithuania situated at the mouth of the Dane River where it flows into the Baltic Sea, according to local press reports. The modern LTL10m (approx EUR 2.9m) terminal for logistics, packaging and production of industrial cement will have a supply capacity of 100,000tpa of bulk cement and 50,000tpa of bagged cement.

Tvornica Cementa Kakanj forecasts 10-14% drop in in revenues, Bosnia

27 July 2012, Published under Cement News

Tvornica Cementa Kakanj (TCK), the Bosnian unit of HeidelbergCement expects to post a 10-14% drop in cement sales volume this year as conditions on the local market and the fallout from the eurozone crisis continue to weigh, a senior company official said. Cement sales are seen at around BAM64m (EUR32.7m) in 2012, TCK's general manager for Bosnia and Herzegovina and Croatia, Branimir Muidza, told SeeNews in an emailed interview. "On the backdrop of the existing economic environment, our ...

HeidelbergCement’s debt reduction focus

16 July 2012, Published under Cement News

HeidelbergCement plans to cut its debt by about 16 per cent to EUR6.5bn to boost its credit rating and share price according to reports in the Frankfurter Allgeemeine Sonntagzietung said, citing an interview with CEO Bernd Scheifele said. Debt reduction is the top priority and the time isn’t right for bold acquisitions, Mr Scheifele said. HeidelbergCement has cut debt by EUR7bn to EUR7.7bn in the four years ending 2011, Scheifele added. The company aims to reach EUR6.5bn of debt, but M...

Personnel change in the Supervisory Board of HeidelbergCement

04 July 2012, Published under Cement News

Prof. Dr. Marion Weissenberger-Eibl has been appointed as a member of HeidelbergCement's Supervisory Board in the capacity of shareholder representative. She succeeds Dr.-Ing. Herbert Lutkestratkotter, who had resigned from his position for personal reasons. Her term of appointment will expire on the occasion of the by-election held at the next Annual General Meeting of HeidelbergCement AG on 8 May 2013. “We are pleased that, in Prof. Dr. Marion Weissenberger-Eibl, we have succeeded in at...

Defending profitability key for European companies

03 July 2012, Published under Cement News

Fitch Ratings says that the ability to defend profitability in emerging countries is the most critical issue for the rating of the European cement companies rated by the agency, Holcim Ltd. ('BBB'/Stable), Lafarge SA ('BB+'/Stable) and HeidelbergCement AG ('BB+'/Stable). In its special report, Fitch compared the current financials of the major European cement companies to the pre-crisis situation to assess if and how geographical diversification helped companies to recover revenue and prese...

Fitch affirms HeidelbergCement at BB+

12 June 2012, Published under Cement News

Fitch Ratings has affirms HeidelbergCement’s Long-term Issuer Default Rating (IDR) at 'BB+' and Short-term IDR at 'B'. The Outlook on the Long-term IDR is Stable. The agency also affirmed the senior unsecured rating of debt issued by HC's related entities, HeidelbergCement Finance BV, Hanson Ltd and Hanson Australia Funding Ltd. at 'BB+'.      “The affirmations reflect HeidelbergCement's careful financial policy and the agency's expectation that credit metrics will remain stable or improve ...