Cement News tagged under: HeidelbergCement
UK: Votorantim interest in Tarmac29 September 2014, Published under Cement NewsVotorantim is understood to be planning a bid for a package of businesses being offloaded by Holcim and Lafarge, in an effort to seal a GBP32bn mega-merger that would include Tarmac, one of Britain’s largest companies. It is not known whether the Sâo Paulo-based company wants to buy all the assets being sold or cherry-pick parts in different countries. The disposals are expected to attract offers from other big players, including Ireland’s CRH and HeidelbergCement. The sell-off, valued at... |
Hanson Building Products files for IPO16 September 2014, Published under Cement NewsHeidelbergCement announced that its subsidiary, Hanson Building Products Ltd, has filed a registration statement with the US Securities and Exchange Commission for a potential initial public offering (IPO) of its ordinary shares. The move is part of HeidelbergCement’s plan to divest a significant portion of its building products business in North America and the UK. The number of shares to be offered and the price range for the potential offering have not yet been determined, HeidelbergCeme... |
Ceskomoravsky full-year profit hit by low domestic consumption levels28 August 2014, Published under Cement NewsCeskomoravsky Cement, the leading cement producer in the Czech Republic, posted a profit of CZK586m (EUR21.122m) last year, continuing a decline that began in 2009. The wholly-owned HeidelbergCement group company saw sales revenue down by CZK100m to CZK2.68bn, Ceskomoravsky Cement said in its annual report. The decline is attributed to falling domestic consumption which last year was down by six per cent to a record low of 3.2Mt. "The continuing impacts of the economic crisis and abs... |
Castolin Eutectic presents HeidelbergCement with Conservationist of the Year Award26 August 2014, Published under Cement NewsMaintenance, repair, wear protection and joining specialist Castolin Eutectic has presented HeidelbergCement AG with its Conservationist of the Year Award 2014. Established in 1973, the award recognises companies that are committed to the protection of resources and the environment. Castolin Eutectic awarded HeidelbergCement with the accolade for its “sensitive approach to resources, the underlying innovation and its solution-oriented strategy," with particular regard to the area of indus... |
Fitch affirms HeidelbergCement’s ratings07 August 2014, Published under Cement NewsFitch Ratings has affirmed 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 has also affirmed the senior unsecured rating of debt issued by HC's related entities, HeidelbergCement Finance BV, HeidelbergCement Finance Luxembourg SA and Hanson Ltd at 'BB+'. “The affirmation reflects HC's investment grade business profile as the world leader in aggregates and a top three cement producer. Th... |
HeidelbergCement plans to start sale of building materials business in September31 July 2014, Published under Cement NewsHeidelbergCement plans to start the process to divest in its building materials unit in September and expects a quick conclusion of the sale, Reuters reported CEO, Bernd Scheifele, as saying. The exact assets that HeidelbergCement is looking to dispose of has not been confirmed but is believed to include bricks, roof tiles and limestone products. The move will allow HeidelbergCement to refocus on its core construction products of cement and other heavy aggregates. Potential buyers include ... |
HeidelbergCement improves net profit by 53.5%30 July 2014, Published under Cement NewsHeidelbergCement's first half turnover increased by 2.1 per cent to EUR6318m and the EBITDA improved by 2.1 per cent to EUR927.6m while the trading profit advanced by 8.9 per cent to EUR566.2m. After a net interest charge 3.2 per cent lower at EUR244.7m and other financial items, the pre-tax profit rose by 35.4 per cent to EUR275.4m and the net attributable profit grew by 53.5 per cent to EUR86.8m. Net debt at the end of June was 0.3 per cent lower than a year earlier at EUR8018m, giving ... |
Tvornica Cementa Kakanj first-half net profit increases28 July 2014, Published under Cement NewsBosnia-based Tvornica Cementa Kakanj (TCK) net profit rose by 6.25 per cent to BAM8.5m (EUR4.3m) in the first half of 2014 compared to BAM8m a year earlier, the company said on Friday. The HeidelbergCement group company said first-half operating income decreased by 1.5 per cent YoY to BAM31.9m while operating costs fell to BAM23.2m from BAM24.5m. TCK is based in Kakanj, in the Muslim-Croat Federation, one of the two autonomous entities that form Bosnia and Herzegovina. |
Tvornica Cementa Kakanj environmental upgrade investment14 July 2014, Published under Cement NewsBosnia-based producer Tvornica Cementa Kakanj plans to invest BAM20m (EUR10.225m) to upgrade its facilities and improve its environmental performance. The investment covers the period from 2013 to 2018. This year alone, Tvornica Cementa Kakanj (TCK) plans to invest BAM5m mainly on modernising its cement mills and dust collection system, news portal Indikator.ba said, quoting the company’s notice sent to the Tuzla Canton. The country's leading cement producer is majority-owned by Dutch-b... |
HeidelbergCement considering US cement plants09 July 2014, Published under Cement NewsHeidelbergCement might buy the US and French cement plants that Lafarge and Holcim want to divest in order to receive the regulatory approval for their merger deal, according to Jefferies. Financial analysts Jefferies said in a note that HeidelbergCement managers told representatives during a capital markets day event on 2 July in California that the potential merger would be a "once in a generation" opportunity to acquire assets. CEO Bernd Scheifele and CFO Lorenz Naeger were among the ex... |