Cement News tagged under: HeidelbergCement
Nomura raises target price on Indocement10 December 2012, Published under Cement NewsNormura Equity Research has raised its target price on Indonesia’s second largest cement producer PT Indocement Tunngal Prakarsa (INTP) from IDR23,400 to IDR26,900 (US$2.43 to US$2.79). T he research house has maintained its ‘buy’ recommendation on higher production volume and improved enterprise value/EBITDA. "Despite recent outperformance of the cement sector and INTP's share price, we still favour the sector, as in our view the cement sector and INTP will continue to benefit from ris... |
HeidelbergCement commissions new grinding plant in Ghana04 December 2012, Published under Cement NewsHeidelbergCement has commissioned a new cement mill with a 1Mta capacity at its Tema cement grinding plant in Ghana. HeidelbergCement’s new 1Mta grinding mill in Tema, Ghana Ghacem, a subsidiary of HeidelbergCement, operates two cement grinding plants in the coastal cities of Tema and Takoradi, Ghana. With the commissioning of the new mill, Ghacem has increased its cement grinding capacity to 3.7Mta. Capital expenditure for the new project amounted to €16m. With around 300,00... |
Fitch Ratings: mixed picture for EMEA companies27 November 2012, Published under Cement NewsFitch Ratings says 3Q12 results reported by Fitch-rated Europe Middle East and Africa (EMEA) cement companies, Holcim Ltd ('BBB'/Stable), HeidelbergCement AG ('BB+'/Stable) and Lafarge SA ('BB+'/Stable) showed a number of positives, but confirmed that general market conditions are still challenging and the outlook remains uncertain. Europe disappoints The European markets represented a negative surprise, mainly due to a weakening in volume sales. This not only reflects some peripheral ... |
Gebr Pfeiffer to supply VRM to Scantogo26 November 2012, Published under Cement NewsSinoma-owned Chengdu Design & Research Institute of Building Materials Industry Co Ltd, the general contractor for Scantogo's new 5000tpd cement production line in Togo, has awarded Gebr Pfeiffer SE the contract for an MPS 5000 B vertical roller mill for raw material grinding. The new MPS raw mill for the HeidelbergCement-owned subsidiary will have a rated capacity of 410tph and has been designed to process raw material with a particularly-high moisture content of 15%. Apart from the s... |
HeidelbergCement increases revenue and operating income08 November 2012, Published under Cement NewsGerman cement major HeidelbergCement has reported increases revenue and operating income in for the third quarter 2012 driven by cost savings and price increases and announced significant reduction in net debt. Group revenue in the 3Q12 rose by 8.9 per cent to €3944m, driven by increasing prices, and a favourable development of exchange rates. Positive exchange rate effects supported the development of revenue particularly in North America, Asia-Pacific, as well as Western and Northern Eu... |
HeidelbergCement invests US$250m in Togo24 September 2012, Published under Cement NewsHeidelbergCement will invest US$250m in the building of a new clinker plant and a cement grinding unit in Togo. The new cement works, which will be located in Tabligbo, around 80km northeast of the Togo capital of Lome will have a capacity of 1.5Mta, while the new 0.2Mta grinding facilities will be constructed in Dapaong, 600km to the north. “The construction of the new clinker plant and the cement grinding facility is part of our strategy of focussing on expanding our clinker and cement... |
Tvornica Cementa forecasts FY12 double-digit declines10 September 2012, Published under Cement NewsTvornica Cementa Kakanj (TCK), the Bosnian unit of HeidelbergCement, expects to post a 10-14 per cent drop in cement sales this year as local market conditions and the impact of the Euro zone crisis continue to weigh on performance. Speaking to SeeNews, the company’s general manager, Branimir Muidza, said that cement sales are seen at around BAM64m. "On the backdrop of the existing economic environment, our domestic sales volumes are seen flat in 2012 and would depend on the pace of const... |
ANH Refractories revamps cement division06 September 2012, Published under Cement NewsANH Refractories is launching a revamped range of products for the cement manufacturing sector following a period of intensive testing and research. The American owned company says its subsidiary, ANH Refractories Europe now manufactures and distributes its comprehensive range of refractory products for cement kilns from its Bromborough UK plant to customers worldwide.? ANH Europe managing director Peter Rooney said the aim is to simplify customers’ product selection process and drive... |
Indocement profit rises, gears up for expansion02 August 2012, Published under Cement NewsIndocement Tunggal Prakarsa, part of the HeidelbergCement group, reported a 24 per cent rise in profit for the first half of 2012 driven by higher sales as the company gears up to take advantage of growing domestic requirements. For the six months to June 2012, net income rose to IDR2.1trn (US$223m) from IDR1.7trn in the same period of last year while revenues were up 30 per cent to IDR8.2trn According to finance director Tju Lie Sukanto, in the first half of the year Indocement spent ... |
HeidelbergCement revenues rise driven by North America and Asia31 July 2012, Published under Cement NewsHeidelbergCement has reported a rise in revenue and profit for the second quarter of 2012 driven by increased sales in North America and Asia as well as successful price increases. The group has confirmed its targets for the year and expects sustained growth in Asia-Pacific and Africa-Mediterranean Basin as well as continuing recovery in North America but weaking demand in parts of Europe. The company's revenue for the April-June period rose 11 per cent to EUR3.8bn. Positive exchange rat... |