Cement News tagged under: Italcementi

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HeidelbergCement merges HC Trading and Interbulk Trading

23 November 2016, Published under Cement News

Following the acquisition of Italcementi by HeidelbergCement Group, HC Trading and Interbulk Trading have merged their operations into a new company with a total turnover of round US$1.4bn (based on 2015 trade volumes). The merger of HC Trading and Interbulk Trading under the entity of HC Trading BV will carry the group’s international trading activities, specialising in cement, clinker, coal and petcoke, one step further by expanding the trade network and improving its position in the ma...

USA: FTC approves HeidelbergCement divestiture

16 November 2016, Published under Cement News

The US Federal Trade Commission (FTC) has given its approval to an application from HeidelbergCement and Italcementi for the divestiture of the Essroc Martinsburg cement plant in West Virginia and eight cement terminals, local newspaper the Morning Call reports. The plant and terminals are to be acquired by Cementos Argos for US$660m. The divestiture was required by the FTC to preserve competition in the face of the merger of HeidelbergCement and Italcementi. The deal was originally ag...

HeidelbergCement sees improved results across the board for 3Q16

09 November 2016, Published under Cement News

In its first results that include the consolidation of Italcementi, HeidelbergCement reported a significant improvement in sales volumes, revenue and operating income in the third quarter of 2016. Cement sales jumped 52 per cent to 33Mt while aggregates volumes advanced 11 per cent to 80Mt and ready-mix concrete deliveries were up 29 per cent to 12Mm 3 . In terms of deliveries, demand rose in several markets, particularly in Europe, but in some parts of North America the company reported ...

HeidelbergCement appoints new Board of Directors for Italcementi

21 October 2016, Published under Cement News

The HeidelbergCement 19 October shareholder meeting establisheda new Board of Directors for Italcementi. The new members are Luca Sabelli (chairman), Dominik von Achten (executive vice president), Lorenz Näger (executive vice president) and Roberto Callieri (CEO). HeidelbergCement purchased the remaining Italcementi shares that had not been tendered in the mandatory tender offer on 12 October. Therefore, HeidelbergCement is now the sole shareholder of Italcementi and owns 100 per cent of...

HeidelbergCement

13 October 2016, Published under Cement News

Following the closure of its mandatory offer for Italcementi, HeidelbergCement now has 96.4 per cent of the shares and has stated its intention to compulsory acquire the remaining shares as hit holds in excess of 95 per cent of the equity.  The Italcementi shares will be de-listed on 7 October 2016.

Visible cracks

10 October 2016, Published under Cement News

Over the last 18 months CDP has analysed sectors ranging from electric utilities and automotive manufacturing to extractives and has benchmarked how leading players manage climate risks and opportunities. In June it was the turn of the cement sector, as CDP published ‘Visible Cracks’, its first report for investors on the global cement industry. This publication revealed how differently companies in the sector are preparing for the transition to a low-carbon economy. By Tarek Soliman and Cha...

Italcementi shares to cease trading

07 October 2016, Published under Cement News

Shares in Italcementi will be removed from the Milan stock exchange next Wednesday after the conclusion of HeidelbergCement’s takeover, Il Sole 24 Ore reports. Heidelberg has now amassed a stake of more than 96 per cent in Italcementi, giving the German firm the right to purchase the outstanding shares.

Essroc Canada's integration to the HeidelbergCement Goup is approved

06 October 2016, Published under Cement News

The integration Italcementi's business in Canada with the HeidelbergCement Group was formerly approved by the company's board of directors yesterday. Since 1 July 2016 HeidelbergCement Group has been held the majority stake in Italcementi and will take over the entire company following a mandatory takeover bid. The transaction involves the acquisition by Canadian Lehigh Hanson Materials Ltd (LHM), indirectly owned by HeidelbergCement, of the entire share capital, including ordinary and ...

HeidelbergCement

05 October 2016, Published under Cement News

Following the closure of its mandatory offer for Italcementi, HeidelbergCement now holds 96.4 per cent of the shares and has stated its intention to acquire the remaining shares as it holds in excess of 95 per cent of the equity. The Italcementi shares will be de-listed on the 7 October 2016.

HeidelbergCement achieves high acceptance rate for Italcementi share offer

03 October 2016, Published under Cement News

HeidelbergCement achieved a high acceptance rate in the mandatory tender offer to the remaining shareholders of Italcementi. According to provisional results, 165,371,229 Italcementi shares were tendered at the end of the subscription period, on 30 September 2016. In addition, HeidelbergCement purchased 14,000,000 Italcementi shares outside the offer on the stock exchange. Together with the 45 per cent stake already acquired from Italmobiliare on 1 July 2016, the tendered and acquired shar...