Cement News tagged under: HeidelbergCement

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High input costs impact HeidelbergCement India 4Q

20 February 2012, Published under Cement News

HeidelbergCement India posted lower-than-expected results on the back of a sharp rise in input costs. However, the company’s exposure to the Central and Western regions, where demand remains strong, stands it in good stead. The company’s topline increased by 36 per cent YoY and 25 per cent QoQ to INR2570m, it recorded a net loss of INR18m in the fourth quarter of the 2011 calendar year. Strong demand in the Central and Western regions enabled the company to operate at utilization rates...

HeidelbergCement ahead in 2011, but margins narrow

09 February 2012, Published under Cement News

The preliminary figures from HeidelbergCement show a 9.7 per cent advance in turnover last year to €12,902m, but the EBITDA was improving at a more modest 3.6 per cent to €2,321m. The trading profit was up by 3.0 per cent to €1,474m, or by 3.2 per cent adjusting for currency movements and changes in the scope of consolidation. Margins declined as the rise in energy costs could not be passed on in their entirety and the contribution from the sale of emission rights dropped from an adjusted €1...

HeidelbergCement extends its €3bn credit facility

02 February 2012, Published under Cement News

HeidelbergCement has secured an extension of its €3bn syndicated credit facility, which was due to mature at the end of 2013, until 31 December 2015. All 17 original lenders have confirmed their participation and two additional lenders joined the syndicate. The €3bn multicurrency credit facility is intended as liquidity back-up and can be used for cash drawings and guarantees. Under the amendment, the margins increased by 25bps across the existing margin grid, with an additional 50bps pric...

Goldman Sachs keeps "buy" on HeidelbergCement

01 February 2012, Published under Cement News

Goldman Sachs on Tuesday reiterated its "buy" recommendation and EUR43 share price target on HeidelbergCement. Despite the past above-average share price development, the stock remains his favourite in the cement sector, said analyst Will Morgan. The analyst believes that the tailwind from the second half of 2011 will continue also in 2012. Despite an expected slowdown of the growth, HeidelbergCement will be probably able to pass on price increases earlier than competitors. This will be vis...

Tanzanian cement discussions

31 January 2012, Published under Cement News

Tanzanian cement producers have been urged to review their profit margins to make cement more affordable and thus increase per capita consumption, according to local press reports. The address was made by Industry and Trade Ministry permanent secretary (PS), Joyce Mapunjo, at an event organised by Tanzania Portland Cement, The Guardian reports. Ms Mapunjo said Tanzania’s cement demand is lower than neighbouring countries and that low purchasing power is another concern, resulting in low p...

Deutsche Bank maintains “buy” rating on HeidelbergCement

23 January 2012, Published under Cement News

Deutsche Bank has retained its “buy” recommendation on HeidelbergCement and affirmed the EUR42.00 share price target.

Exane BNP downgrades HeidelbergCement

13 January 2012, Published under Cement News

Exane BNP Paribas has downgraded HeidelbergCements rating to “underperform” from “neutral” but raised the price target to EUR32.00 from EUR30.00. Exane analyst, Paul Roger, reduced his expectations as the result from a survery provided a negative outlook for the European region and leading indicators were weak. Europe generates about one-third of HeidelbergCement’s buisness. US infrastructure expenditure and higher financing costs are also likely to impact HeidelbergCement’s net profit...

HeidelbergCement inaugurates new mill, Bangladesh

12 January 2012, Published under Cement News

HeidelbergCement officially inaugurated a new 0.8Mta cement ball mill at its plant in the seaport Chittagong, Bangladesh. The investment costs amount to approximately US$16m and aims to further serve the promising domestic market. Test runs of the new mill have already been conducted successfully at the end of 2011 and production started in the first week of January. "We are very pleased that we are able to officially inaugurate our state-of-the-art cement mill today," says Dr Bernd Schei...

Hungary: building on traditions

21 November 2011, Published under Cement News

Demand for cement products as an essential construction material is a representative indicator of economic development and socio-economic “well-being” in Hungary. The Hungarian Cement Association gives a brief overview of recent developments in the country’s cement sector in the context of the nation’s recent economic performance and outlines the key trends going forward. In 2011, GDP growth in Hungary has been weaker than the European average. In the first quarter, the Hungarian eco...

The Scheifele interview

26 October 2011, Published under Cement News

A series of major deals, culminating in the UK£8bn acquisition of Hanson (UK) in 2007, saw HeidelbergCement emerge as a global market leader in cement and aggregates. As with many companies in the sector, the financial crisis brought with it a series of challenges, resulting in the substantial restrucuturing of the company, transforming it from a largely private company, closely held within the Merckle empire, into a publically listed company listed on the DAX 30. Dr Bernd Scheifele, CEO, ta...