Cement News tagged under: HeidelbergCement

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LEILAC pilot plant testing for CO2 capture is operational

13 May 2019, Published under Cement News

On the 7 May 2019, the Low Emissions Intensity Lime & Cement (LEILAC) consortium partners and External Advisory Board met to celebrate the ribbon cutting of the LEILAC pilot plant. The pilot plant at HeidelbergCement's Lixhe cement plant in Belgium was opened on time and on budget. Testing is now set to commence and start to validate the performance of the pilot, and a significant step in enabling Direct Separation to become one of the principal methods of capturing the carbon emissions fro...

HeidelbergCement reports improved 1Q results due to volume and price increases

09 May 2019, Published under Cement News

HeidelbergCement posted revenues of EUR4.238bn in January-March 2019, up 16.9 per cent when compared with the 1Q18. Like-for-like (LfL) – ie, excluding positive exchange rate effects of EUR68m – the change from the 1Q18 was 15 per cent. EBITDA jumped 58.6 per cent (25.8 per cent LfL) to EUR396m YoY while the result from current operations reached EUR60m. Key drivers were improved sales volumes in group areas Western and Southern Europe, Northern and Eastern Europe-Central Asia, and North Ame...

Romania Competition Council suspects cement collusion

09 May 2019, Published under Cement News

The prices charged by Romania’s three leading cement producers Holcim, CRH and HeidelbergCement have followed a similar pattern and the geographic distribution of the customers around the companies’ cement plants support suspicions that the three are sharing the market, according to a report on the cement market completed by Romania’s Competition Council. The report is part of a continued investigation into the country’s cement market , started last October. The Competition Council launc...

Ukraine picks up the pace

17 April 2019, Published under Cement News

Ahead of the forthcoming UkrCemFor 2019 conference in Kiev next month, Pavlo Kachur, chairman of the Association of Cement Producers of Ukraine (Ukrcement), provides a timely update on the domestic cement sector’s priorities, progress and prospects. CRH-owned Mykolaiv Cement’s 1.3Mta works is one of the three cement plants owned by the Irish group in Ukraine ICR: How did the Ukrainian construction industry and domestic cement demand perform in 2018? Pavlo Kachur (PK): The st...

Kattameya plant burns biomass for the first time

11 April 2019, Published under Cement News

The Suez Cement Kattameya plant (HeidelbergCement Group) has used waste as alternative fuel (AF) in its main burner for the first time this week. The Kattameya plant’s team successfully burnt waste as an AF in the main kiln burner and reduced dependence on fossil fuel by around 10 per cent of the total fuel used. This is in addition to substituting 15 per cent of fuel in the calciner, resulting in a total thermal substitution rate (TSR) of 25 per cent. Therefore, waste and biomass burnt...

HeidelbergCement plans to invest EUR25m in Togo

11 April 2019, Published under Cement News

HeidelbergCement intends to invest EUR25m (US$28.2m) in its Togolese subsidiaries Cimtogo, Scantogo and Granutogo, according to Eric Goulignac, the company’s managing director in the country. The investment programme, which will be submitted to the company's Germany-based board, includes the installation of a new grinding unit in Lomé and a solar photovoltaic plant to power its plants, reported Ecofin Agency. Cimtogo reported a net benefit of EUR3.7m in 2017, while Scantogo posted a net ...

HeidelbergCement makes further progress with portfolio optimisation

09 April 2019, Published under Cement News

HeidelbergCement’s subsidiary Italcementi has signed contracts with Buzzi Unicem and Colacem regarding the disposals of cement plants in the northern and central region of Italy. The involved parties agreed not to disclose details of the transactions for the time being.  “These divestments are part of our action plan to accelerate our portfolio optimisation,” said Dr Scheifele, chairman of the Managing Board of HeidelbergCement. “We are well on our way to reach our target of EUR1.5bn of d...

HCT appoints new CEO after Emir Adigüzel steps down

08 April 2019, Published under Cement News

HeidelbergCement Trading (HCT) has made management changes following the departures of CEO Emir Adigüzel, and Deputy CEO and General Director Kerim Erben. Emir Adigüzel joined the group in 1989 and became COO HCT in 1996. After the integration of the ITC trading arm Interbulk in 2016, he took over the extended responsibility as CEO HCT. During Emir Adigüzel’s leadership, HCT has expanded from a small trading arm of HeidelbergCement with a turnover of EUR25m in 1996 to one of the leading i...

HeidelbergCement considers further portfolio optimisation

22 March 2019, Published under Cement News

Dr Bernd Scheifele, chairman of HeidelbergCement Group, reflected positively on the group's full year 2018 results and its prospects for 2019. HeidelbergCement's revenue rose by five per cent to EUR18.1bn from EUR17.3 in FY17, even though it was impaired by negative currency effects of EUR592m. Adjusted for currency and consolidation effects, revenue increased by eight per cent. The cash flow also developed positively in 2018. HeidelbergCement generated sufficient cash to pay a full divi...

HeidelbergCement's operating line makes progress

21 March 2019, Published under Cement News

Financial guidance for 2019 is for 'solid' or 'moderate' growth in Heidelberg Cement's revenue, EBITDA and EPS, and 'significant' net debt reduction (depending on which report you read). The group's management expects volume increases in all business lines, a tail-wind from energy cost inflation, and further margin improvement from the EUR100m SG&A cost cutting programme, reports Bernstein. HeidelbergCement reported earnings per share (EPS) grew by 25 per cent to EUR5.76 on EBIT grow...