Cement News tagged under: HeidelbergCement

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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...

HeidelbergCement reduces its stake in Ciments du Maroc

22 February 2019, Published under Cement News

As part of its action plan to optimise its portfolio and improve cash generation, HeidelbergCement is its reducing stake in Ciments du Maroc. HeidelbergCement announces the sale of around 1.1m shares, representing 7.8 per cent of Ciments du Maroc's share capital, for an aggregate amount of approximately EUR140m. The shares were sold to Moroccan institutional investors through an off-market block trade. Following this transaction, HeidelbergCement retains a controlling stake of 54.6 per ce...

HeidelbergCement Board level changes

20 February 2019, Published under Cement News

Dr Bernd Scheifele will leave the Managing Board in February 2020 after 15 years as chairman. Upon conclusion of his third term at the end of January 2020, Dr Bernd Scheifele will give up the chair of the Managing Board of HeidelbergCement AG to the current Deputy Chairman, Dr Domink von Achten, until the end of January 2025. At the same time, the Supervisory Board asked Dr Scheifele to stand as candidate for Chairman of the Supervisory Board after the end of the statutory two-year coo...

HeidelbergCement achieves 10% revenue growth in 2018

19 February 2019, Published under Cement News

HeidelbergCement has presented its preliminary, unaudited figures for sales volumes, revenue and result from current operations before and after depreciation and amortisation for the 4Q18 and the whole of 2018. Group revenue rose by 10 per cent to EUR 4.7bn, up from EUR4.3bn in 2017. In 2018 the cement and clinker sales volumes of the group increased moderately by three compared with the previous year to 130Mt, up from 126Mt in 2017. Deliveries of aggregates rose slightly by one per c...

New Kaspi production line enters tough market environment

18 February 2019, Published under Cement News

This week HeidelbergCement opened its new US$100m dry-process clinker line at its Kaspi cement plant in Georgia. The new 3000tpd line was originally expected to open at the end of 2018 but had a small delay. The new capacity increases HeidelbergCement’s presence in the local market, where it already operates the terminal at Supsa as well as the Rustavi plant and grinding plant at Poti. It has been a testing last 12 months for the Georgian operations of HeidelbergCement. In August 2018 the...