Cement News tagged under: HeidelbergCement
JSW completes acquisition of HeidelbergCement India grinding unit08 October 2013, Published under Cement NewsJSW Steel has completed the acquisition of HeidelbergCement India’s 0.6Mta grinding plant in Raigad, Maharashtra, for an undisclosed sum. The two companies signed the Business Transfer Agreements for the acquisition on 5 October, both said in respective filings with the Bombay Stock Exchange. ??"The transaction will be consummated only after obtaining all relevant approvals required under applicable laws," it further said but did not disclose the value of the deal. The Raigad works was... |
HeidelbergCement mulls sale, float of building products business - report07 October 2013, Published under Cement NewsHeidelbergCement is considering selling its building products operations but could simultaneously float the unit shares on the stock market, its chief has told Reuters. Speaking to the news agency on Friday, Berd Scheifele said the German major would first look into potential divestment opportunities for part of the business next year. He further added that amid the top economic environment, top priorities are to keep cash aside and focus on organic growth. The company may, however, cons... |
HeidelbergCement plans new Georgia investment02 October 2013, Published under Cement NewsGermany-based HeidelbergCement intends to invest an additional US$100m in its recently-acquired Poti works, Georgia, according to the Economy and Sustainable Development Ministry. The company is also reported to plan a modernisation of the Kaspi works and an expansion of concrete plants throughout the country. Since 2006, HeidelbergCement has invested more than EUR200m in Georgia. It owns three cement and eight concrete plants as well as a cement terminal in Supsa. |
Heidelberg updates on sustainability efforts18 September 2013, Published under Cement NewsHeidelbergCement has released its 2011/2012 Sustainability Report, highlighting topics and challenges for the German cement major in its drive for sustainable development. The new report, entitled "Foundations" also details the company's continous efforts and achievements such as reducing specific net CO2 emissions by 21 per cent and increasing its alternative fuels rate to 21.7 per cent. Sustainable business practices form an integral of the business activities “Sustainable business pr... |
Tanzania Portland optimistic on 2H turnaround16 September 2013, Published under Cement NewsTanzania Portland Cement Company expects a recovery in second half net profit thanks to reduced production costs. In the first six months of the year, net profit fell by over one-third to TZS19bn (US$11.8m) due to unregulated imports, power shortages and problems with its electric transformer, the HeidelbergCement group company had previously said. However, TPCC managing director, Pascal Lesoinne that problems with the electric transformer (which had cut the number of operational mills... |
Belgian fines for restricting market access02 September 2013, Published under Cement NewsThe three leading cement producers in Belgium, together with two industry associations, have been fined EUR14.7m for restricting market access. The Belgium Competition Council said in a statement on Friday that CBR (part of the HeidelbergCement group), Holcim Belgium and CCB (Italcementi) colluded with the Belgian cement association FEBELCEM and the national centre for technical and scientific research for the cement industry (CRIC/OCCN). Between May 2000 and October 2003 the parties... |
Cement makers hit by infrastructure slump in emerging markets20 August 2013, Published under Cement NewsCement producers have been sliding on the financial stock exchanges as emerging market bonds and equities tumble, according to the Financial Times. Many of the region’s building materials groups have invested heavily in the emerging markets and fears that falling foreign investment will negatively impact state spending on large projects has underpinned stock market losses. Swiss major Holcim last week warned that slowing infrastructure spending in India – its biggest market – would dampen p... |
HeidelbergCement mulls sale of non-core assets07 August 2013, Published under Cement NewsHeidelbergCement is considering the sale of non-core assets, its CEO Bernd Scheifele told local press in a recent interview. Speaking to the Boersen-Zeitung on Tuesday, Mr Scheifele said that markets such as Britain and the USA, where HeidelbergCement has non-core activities, are recovery and at the same time there is higher interest from private equity firms. The German cement major has implemented a number of measures to boost margins with price increases being a top priority. Heidelb... |
HeidelbergCement increases pre-tax profit by 52.1 per cent02 August 2013, Published under Cement NewsHeidelbergCement's first half turnover was virtually unchanged at €6560.4m (-0.3 per cent), while the EBITDA improved by 5.1 per cent to €953.1m as energy and raw material costs eased. The trading profit was up by 6.9 per cent to €540.4m and after a net interest charge 7.4 per cent lower at €259.3m and other financial items, the pre-tax profit rose by 52.1 per cent to €254.0m. Lower charges for tax and minorities led to a net attributable profit of €175m compared with a €27.3m loss a year ea... |
HeidelbergCement raises 2Q13 operating profit31 July 2013, Published under Cement NewsHeidelbergCement, the world’s third-largest cement producer, reported a second-quarter operating profit as it managed to increase prices in its main markets. A rise in demand in Asia, Africa and North America, helped offset a slowdown in parts of Europe. Sales increased by 0.5 per cent in the second quarter to €3799m as successful cement and aggregates price increases had a positive impact on revenue growth in key market regions. Operating income before depreciation (OIBD) improved by 5.6... |