Cement News tagged under: HeidelbergCement

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Increase in seaborne coal and petcoke prices impact producers

28 September 2018, Published under Cement News

Seaborne thermal coal and petcoke prices rose by 16-24 per cent YoY during the 1H18 period, eroding almost four per cent of the aggregate EBITDA of LafargeHolcim and HeidelbergCement, according to a Morgan Stanley report. However, this is expected to slow or reverse into next year. Prices of seaborne thermal coal are anticipated to fall 15 per cent in 2019 compared to 1H18, with petcoke following a similar trend. This is due to lower seaborne demand from China and Japan alongside capacity ...

Gebr Pfeiffer commissions Osho grinding mill

25 September 2018, Published under Cement News

Gebr Pfeiffer has erected and commissioned an MVR grinding plant at Port Elizabeth, Eastern Cape, South Africa, for Osho Cement in just four months. Osho Cement is a joint venture with HeidelbergCement. The MVR 37750 C-4 mill was ordered in 2017 and is the first MVR mill in South Africa. The new mill will grind clinker at 110tph to a Blaine fineness of 3500cm 2 /g and 80tph of blastfurnace cement (CEM III-A) to 4500cm 2/ g according to Blaine. The mill also has an SLS 3750BC  high-ef...

Staying strong: the European building materials sector

07 September 2018, Published under Cement News

There are many reasons for European construction companies to be enjoying strong order books at present. Analysts at Bernstein report that most building material companies saw strong revenue growth in 1H18, particularly in the 2Q18 following the harsh winter that impacted 1Q18 results. However, the sector has seen backwards trading since the start of the year. The European construction sector has been performing well, driven by a resurgence in infrastructure spending and improved confidenc...

HeidelbergCement sees positive 2H18

03 August 2018, Published under Cement News

This week HeidelbergCement reported on its 2Q18 results , which saw healthy growth in all business areas. Cement and clinker sales were up 3.5 per cent to 33.7Mt while aggregate volumes saw a 5.2 per cent rise to 85.7Mt. Ready-mix concrete sales volumes advanced 4.2 per cent to 12.7Mm 3 . Western and southern Europe saw total revenues advance by 5.3 per cent in 2Q18 to EUR1.363bn. Operating EBITDA decreased 2.1 per cent to EUR213m. Cement sales were particularly strong as volumes increas...

HeidelbergCement attracted to possible LafargeHolcim Indonesia sell-off

02 August 2018, Published under Cement News

HeidelbergCement could buy parts of LafargeHolcim's business in Indonesia that is up for sale, says HeidelbergCement CEO, Dr Bernd Scheifele. LafargeHolcim is planning to raise around CHF2bn (US$2.02bn) from selling assets as it reduces its operations, with speculation that its business in Indonesia could be among the candidates for sale, claims Reuters. "LafargeHolcim is in the market regarding the sale of its entire Indonesia business. In principle we always look at such topics... but it...

HeidelbergCement reduces activity in Georgia

01 August 2018, Published under Cement News

Due to recent developments, HeidelbergCement's management has been forced to lay off close to 200 workers in Georgia and run the company at about 50 per cent capacity, because it can no longer compete with underpriced cement being sold on the Georgian market. HeidelbergCement currently employs more than 1300 people in Georgia and the lay-offs will impact on local families, says the company. Michael Hampel, general director of HeidelbergCement Georgia, has expressed regret to Versatile KS ...

HeidelbergCement's group revenue improves by 4% to EUR4.8bn in 2Q18

31 July 2018, Published under Cement News

HeidelbergCement group revenue rose by four per cent in the second quarter to EUR4.8bn from EUR4.6bn in 2Q17. However, negative currency effects of EUR226m had an adverse impact on revenue. Adjusted for currency and consolidation effects, revenue increased by nine per cent due to sales volume growth in all business lines and successful price increases. In the second quarter, the group's cement and clinker sales volumes rose by three per cent to 33.7Mt, up from 32.6Mt in 2Q17. Adjusted for ...

HeidelbergCement to close kiln at Rustavi, Georgia

23 July 2018, Published under Cement News

HeidelbergCement will be closing its Rustavi kiln as well as curtailing its production at the Dedoplitskaro limestone quarry, reports the Georgian Cement Association. The association attributes the closure on competition from Iran, which it says is dumping cement onto Georgian market.

Managing change

18 July 2018, Published under Cement News

HeidelbergCement’s acquisition of Italcementi in 2016 has accelerated the growth of this major global cement and aggregates giant, which is now ranked as the fourth- largest player worldwide with 195Mta cement capacity across 44 countries. Much of the company’s success is down to agile management and the financially-astute leadership of Dr Bernd Scheifele, widely regarded as one of the best CEOs in the business. In this revealing interview, Dr Scheifele discusses the rationale for the Italce...

Sustainable goals for HeidelbergCement

16 July 2018, Published under Cement News

This week HeidelbergCement released its 2017 Sustainability Report, describing the publication as an integral part of the group's strategy. Dr Bernd Scheifele, chairman of the Managing Board of HeidelbergCement, said that in 2017, the company has never sold more cement, concrete gravel and sand - record figures were also achieved in revenue and results. However, balancing this achievement with sustainability goals is the only way the company can achieve sustainable corporate governance. D...