Cement News tagged under: HeidelbergCement
HeidelbergCement reportedly in talks for Jaiprakash unit22 June 2015, Published under Cement NewsHeidelbergCement is reportedly in talks to buy Jaiprakash’s Sikandarabad unit in Uttar Pradesh, according to local media. “Heidelberg is in advanced stages of negotiations with JP Associates to buy the 1Mta Sikandarabad cement unit for around INR500 crore,” an industry source aware of the development told the Financial Express (India). Jaiprakash Associates has already ivested its cement plants in Gujarat, Madhya Pradesh, Haryana (Panipat) and Jharkhand (Bokaro) to reduce its debt pile. |
HeidelbergCement announces new mid-term strategic priorities and financial targets10 June 2015, Published under Cement NewsHeidelbergCement has announced new mid-term strategic priorities and financial targets for the five-year period until 2019 in advance of hosting its Capital Markets Day 2015 in London later today. On the back of the positive outlook for the current fiscal year and a strong asset base, the Group aims to increase Group revenue from EUR12.6bn in 2014 to more than EUR17bn by 2019. Over the same period, Operating EBITDA is expected to grow from EUR2.3bn to more than EUR4bn. Following the success... |
Bosnia: TCK to distribute EUR8.3m as dividend22 May 2015, Published under Cement NewsBosnia-based Tvornica Cementa Kakanj (TCK) said its shareholders have approved distributing BAM16.2m (EUR8.3m) as dividend. The HeidelbergCement group company said in a statement issued after a shareholders meeting on Tuesday that is produced 420,000t of cement in 2014, down 11.8 per cent from 476,000t a year earlier. TCK posted a consolidated net profit of BAM11m on net sales revenues of BAM77.6m in 2014. In March, TCK director Branimir Muidza told SeeNews in an interview cement output ... |
HeidelbergCement benefits from additional capacities07 May 2015, Published under Cement NewsHeidelbergCement's first quarter turnover improved by 12.4 per cent to EUR2,835m and the EBITDA improved by 45.9 per cent to EUR299m and the trading profit jumped 183 per cent to EUR115m. The net interest charge declined by 1.3 per cent to EUR158m and the pre-tax loss was reduced by 12.9 per cent to EUR101m and the net attributable loss declined by 16.3 per cent to EUR123m. Capital expenditure for the full year should be around EUR1200m, half of which would for expansion. Net debt at the ... |
Shanks secures six-year contract extension with HeidelbergCement17 April 2015, Published under Cement NewsIndustry waste-to-product business, Shanks Group plc, has secured a six-year contract extension with HeidelbergCement Group for the supply of ICOPOWER® energy pellets. Under the contract, Icopower, part of Shanks’ Solid Waste Division will supply HeidelbergCement Group with an increased volume of 54,000tpaof its ICOPOWER® energy pellets. Shanks has developed a tailored production process to make the pellets using a unique combination of sorting, drying and pelletising technology. The fuel ... |
HeidelbergCement turned down merger with Holcim06 April 2015, Published under Cement NewsHeidelbergCement turned down a merger with Holcim, following discussions in late 2013 between Holcim chairman Rolf Soiron and HeidelbergCement’s biggest shareholder, Ludwig Merckle, who owns 25 per cent of HeidelbergCement shares through the family-run Spohn Cement, according to reports in SonntagsZeitung newspaper. "Right before the talks with Lafarge, Soiron discussed a merger with Heidelberg," the Swiss newspaper quoted one of the sources as saying. "Heidelberg declined it, though, becau... |
HeidelbergCement ‘confident’ on 2015 outlook19 March 2015, Published under Cement NewsHeidelbergCement’s 2014 consolidated financial results show increases in revenue and operating income, and significant increases are expected for the year in hand. The group's turnover increased by four per cent last year to EUR12,614m, or by 8.4 per cent on a comparative basis, and the EBITDA improved by a 2.9 per cent to EUR2288m and the trading profit advanced by five per cent to EUR1595m, or by 12.9 per cent adjusting for currency movements and changes in the scope of consolidation. Af... |
HeidelbergCement and BirdLife International renew partnership18 March 2015, Published under Cement NewsHeidelbergCement and BirdLife International have signed an agreement to continue their partnership until 2017. The world’s largest aggregates producer and the NGO leader in nature conservation have been working together since 2012 to conserve and restore ecosystems in various European quarrying sites. In the next three years HeidelbergCement and BirdLife will further expand their nature conservation work from Europe to Asia and Africa. At the same time the partnership intends to broaden t... |
HeidelbergCement completes sale of North American and UK building products business17 March 2015, Published under Cement NewsHeidelbergCement on Friday completed the sale of its North American (excluding Western Canada) and United Kingdom building products business (collectively “Hanson Building Products”) to an affiliate of Lone Star Funds. “I am very glad to be able to hand over Hanson Building Products to a buyer which as an experienced financial investor will support the sustainable development of the business going forward,” said Dr Bernd Scheifele, CEO of HeidelbergCement. “This transaction marks the com... |
Indian joint venture on the cards?17 March 2015, Published under Cement NewsThe Jaypee Group is in talks with HeidelbergCement and JSW Cement, to form a joint venture which will control the majority of its cement plants as part of an ongoing exercise to reduce debt, the Economic Times of India reports. The plan envisages a separate joint venture entity which will house around 20-22Mta of Jaypee’s operational units spread across Uttar Pradesh, Himachal, Uttarakhand, Andhra Pradesh, Chattisgarh and a new greenfield unit in Karnataka, which is expected to come on-stre... |