Cement News tagged under: HeidelbergCement

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HeidelbergCement

06 June 2012, Published under Cement News

HeidelbergCement's first-quarter turnover advanced by 7.6% to €2799.4m, but the EBITDA declined by 15.5% to €213.7m and the trading profit fell by 77% to a €13.8m. The lower margins chiefly reflect weather conditions in the quarter, but also higher costs for transport and energy. The net interest charge increased by 8.8% to €135.2m and the pre-tax loss increased by 69.8% to €143.9m and the net attributable loss emerged 26.8% higher at €203.8m. Capital investment increased by 4.1% to €159.2m,...

HeidelbergCement hoards liquidity due to financial crisis

04 June 2012, Published under Cement News

HeidelbergCement AG is hoarding liquidity to create a buffer should the Eurozone crisis deepen, its chief executive told the Wall Street Journal Deutschland in an interview. "At the end of the first quarter, our total liquidity was more than EUR3.7bn," Bernd Scheifele said, adding HeidelbergCement could cover all its debt maturity dates with that amount over the next 24 months. While the sovereign-debt crisis in Greece has had little impact on the cement maker's operations, Scheifele said,...

Tanzanian Portland cement sees increased demand

09 May 2012, Published under Cement News

Tanzania Portland Cement Co (TPCC), a unit of HeidelbergCement, reported a rise in full year 2011 net profit and sees cement demand continuing to rise as it prepares to bring new capacity on-line. TPCC reported net income in the 12 months through to December of TZS50.6bn (US$32m) up from TZS50.2bn. However, higher input costs and issues with electricity supplies hampered the company’s performance.  “Higher imports of clinker and frequent breakdowns of machinery resulting from the erratic ...

Indocement to invest US$109m on expansion

09 May 2012, Published under Cement News

PT Indocement Tunggal Prakarsa, part of the HeidelbergCement group, is to spend more than IDR1trn (US$109m) this year on expansion, according to reports in the Jakarta Post. Following the company’s annual and extraordinary shareholders meeting on Tuesday, director Kuky Permana, said that one of the company’s main projects would be the construction of a new 4.4Mta plant in Citereup, Bogor, West Java. Indocement would also construct cement mills with a total capacity of 1.9Mt, he said. I...

Heidelberg expands capacity, India

07 May 2012, Published under Cement News

HeidelbergCement India is expanding the manufacturing capacity of cement from 0.8Mta to 2.5Mta in Jhansi, Uttar Pradesh. Civil work is nearing completion and the project is scheduled for completion in July 2012.

HeidelbergCement lifts prices to stem cost surge

03 May 2012, Published under Cement News

HeidelbergCement joined peers in raising prices after posting a 77% decline in operating profit in the 1Q12, a bigger fall than expected due to higher energy costs. Operating profit in the first three months of the year declined to €14m (US$18m) from €60m a year earlier, the company said on Thursday. That was below than the €52.9m expected on average by analysts in a Reuters poll. "In view of the higher costs of energy and raw materials we launched price increases and in some markets...

Personnel change on the Supervisory Board of HeidelbergCement

27 April 2012, Published under Cement News

As of 14 March 2012, Dr.-Ing. Herbert Lütkestratkötter resigned from his position on the Supervisory Board of HeidelbergCement AG for personal reasons. The Nomination Committee of the Supervisory Board of HeidelbergCement is intensively engaged in the selection of a suitable successor. “The Supervisory Board and the Managing Board of HeidelbergCement AG regret the resignation from office by Dr. Lütkestratkötter,” says Fritz-Ju¨rgen Heckmann, Chairman of the Supervisory Board of Heidel...

HSBC lifts Lafarge price target, upgrades Heidelberg

02 April 2012, Published under Cement News

HSBC has lifted the share price target of Lafarge to EUR 37 from EUR 27 and reiterated its "neutral" recommendation. The broker considers that the construction sector is recovering from the consequences of the economic crisis. At the same time, HSBC upgraded HeidelbergCement AG to "overweight" from "neutral", as it sees the company to keep performing well. (Source: SeeNews France)

HeidelbergCement completes Górazdze modernisation, Poland

28 March 2012, Published under Cement News

HeidelbergCement completed the capacity expansion project at its cement plant in Górazdze, Poland, with the commissioning of a new cement mill. The new mill, – the largest ball mill in Europe – has a capacity of 1.4Mta and ideally complements last year’s increased kiln capacity. In 2012, total cement capacity in Poland rises to 5.6Mt. "With the new mill we successfully complete another important project of our investment programme in attractive growth markets," explains Dr. Bernd Scheifel...

Indocement targets 30Mt production by 2017

27 March 2012, Published under Cement News

PT Indocement Tunggal Prakarsa, part of the HeidelbergCement Group, has outlined several expansion project which will lift the producer’s cement capacity to the 30Mt mark by 2017. Output at the company, which is the second-largest producer in Indonesia, is targeting at 20.6Mt this year. Indocement is currently constructing a cement mill at its Citeureup, West Java, site with a production capacity of 1.9Mta which is scheduled for completion in 2013. The Jakarta Post also now reports tha...