Cement News tagged under: HeidelbergCement
HeidelbergCement looking to shed assets02 July 2014, Published under Cement NewsHeidelbergCement is reportedly looking to sell off its US and British construction materials business this year in a bid to position itself for some assets that may be put on the block as part of the Lafarge Holcim merger, a source with knowledge of the company's plan told Reuters. The German cement major had said it can wait to get the best price for the business in the US and Britain, which makes mainly bricks, concrete pipes and roofing tiles and is worth at least EUR1bn. HeidelbergCem... |
HeidelbergCement rolls out CIP worldwide25 June 2014, Published under Cement NewsHeidelbergCement has started its Continuous Improvement Program (CIP) to optimise the working processes in cement production. The new program, which will be introduced at 65 cement plants worldwide, takes a “systematic approach” to generate ideas among the employees, prioritise, and implement them, the company said in a statement. HeidelbergCement expects the process enhancements will lead to sustainable result improvements of at least EUR120m by the end of 2017. “With our Continuous Improv... |
HeidelbergCement to sell building materials business18 June 2014, Published under Cement NewsGerman cement maker HeidelbergCement will dispose of its bricks and building materials business, and has already contacted several banks about the deal, the Financial Times reported. The paper advised that HeidelbergCement's CEO, Bernd Scheifele, had been planning on conducting the sale for a long time. The division is expected to be sold for a sum of between US$1.5bn-2bn (EUR1.1-1.5bn). In the last business year, the unit to be sold saw its revenue drop by a tenth to EUR1.1bn. |
HeidelbergCement outlines Georgia investment strategy16 June 2014, Published under Cement NewsGeorgia's Ministry of Economy and Sustainable Development recently signed an agreement with HeidelbergCement which will see the German multinational invest US$100m in the country during the next five years. The value of investments made by HeidelbergCement after the start of its operations in Georgia in 2006 exceeds US$270m to date. In particular, the company will expand production at its coal quarry in Tkibuli, Imereti region, as well as consider the development of construction materials p... |
HeidelbergCement India announces appointment of chief operating officer06 June 2014, Published under Cement NewsHeidelbergCement India Ltd has informed Bombay Stock Exchange that Jamshed Naval Cooper, director (Sales & Marketing) of HeidelbergCement India Limited (HCIL) has taken over the position as chief operating officer of the company, reporting to Ashish Guha with effect from 4 June 2014. Cementrum I B.V. of Netherlands, the holding company of HCIL, has proposed the appointment of Mr Cooper as managing director of the company with effect from 1 July 2014, subject to the approval of Nomination & ... |
KHD modernisation projects underway for Heidelberg04 June 2014, Published under Cement NewsKHD’s two modernsation projects for HeidelbergCement’s plant in Lengfurt, Germany, are currently underway. These projects include the modernisation of raw meal grinding unit with KHD SKS VC 3000 dynamic separator, and the modernisation of an existing preheater with KHD’s new PH5835 cyclones. KHD’s responsibility includes manufacturing, erection and commissioning for both projects. The raw meal grinding unit has been in operation since its successful installation in April 2014, and the ins... |
Rustavi modernisation project complete, Georgia29 May 2014, Published under Cement NewsHeidelbergCement has completed the modernisation of its plant in Rustavi, Georgia, according to local press reports. “Separator of latest generation was put into operation at the plant, which will contribute to further improvement of cement quality and growth of product range,” a spokesperson for the Economy and Sustainable Development Ministry of Georgia said during the inauguration ceremony. Irakli Makharoblidze, sales and marketing director of HeidelbergCement Georgia, added that the... |
HeidelbergCement shows strong recovery in Europe08 May 2014, Published under Cement NewsHeidelbergCement's first quarter turnover improved by 5.7 per cent to EUR2749.8m and the EBITDA improved by 15.7 per cent to EUR228.8m and the trading profit jumped from EUR9.3m to EUR50.4m. The net interest charge increased by 3.1 per cent to EUR134.5m and the pre-tax loss was reduced by 36.6 per cent to EUR104.2m and the net attributable loss declined by 37.7 per cent to EUR146.5m. Capital investment in the period was increased by 79.1 per cent to EUR251.1m, while spending on acquisitio... |
HeidelbergCement 1Q14 sales rise by 10%07 May 2014, Published under Cement News“HeidelbergCement showed strong operational development in the first quarter of 2014, continuing the positive trend of the previous year,” said Dr Bernd Scheifele, Chairman of the Managing Board. “Europe contributed significantly to the improvement of results due to the mild winter and the positive economic development in our markets. In addition, we were able to implement price increases in some important markets of our Group. Our measures to increase the margins continue to be effective.” ... |
Heidelberg 125th anniversary of stock exchange listing30 April 2014, Published under Cement NewsLeft: Dr. Bernd Scheifele, Chairman of the Managing Board, HeidelbergCement AG right: Hauke Stars, member of the Managing Board, Deutsche Börse AG Source: HeidelbergCement On the 125th anniversary of HeidelbergCement’s listing on the stock exchange, Dr Bernd Scheifele, Chairman of the Managing Board, started the floor trading at the Frankfurt Stock Exchange on 30 April 2014 by ringing the opening bell. Mrs Hauke Stars, Member of the Managing Board of Deutsche Börse... |