Cement News tagged under: Italcementi
European Commission gives green light to HeidelbergCement's Italcementi acquisition27 May 2016, Published under Cement NewsHeidelbergCement has received clearance from the European Commission for the acquisition of Italcementi. The European authority accepts the proposed divestment of operations in Belgium, i.e. Italcementi’s local subsidiary Compagnie des Cements Belges SA (CCB), to avoid anti-competition issues in Europe. “We are very pleased with the positive decision of the European Commission”, says Dr Bernd Scheifele, chairman of the Managing Board of HeidelbergCement. “This decision is an important mil... |
Italy: Consolidation needed as consumption forecast to remain depressed27 May 2016, Published under Cement NewsWith the European Commission having this week given the go-ahead to HeidelbergCement’s acquisition of Italcementi, Italy’s largest cement producer is set to become even less dependent upon what was until now its home market. Since 2007 Italcementi's domestic market has contracted from a peak consumption of 46.4Mt nine years ago to 19.6Mt in 2015, with demand predicted to be flat in 2016. The Italian cement producers’ association, AITEC, predicts that consumption will remain below 23Mt until ... |
Egypt: Helwan Cement Company orders Gebr Pfeiffer mill20 May 2016, Published under Cement NewsThe Helwan Cement Company, an Italcementi subsidiary, has ordered a new Gebr Pfeiffer coal mill for its cement works. Delivery of the mill will start as early as the end of 2016. The MPS 3350 BK vertical roller mill has an installed gearbox power of 1050kW and is designed to grind 80tph of coal to a product fineness of 12 per cent residue on 90µm and 60tph of petcoke to a product fineness of six per cent residue on 90µm. |
North America: Lehigh Hanson and Essroc closer to integration10 May 2016, Published under Cement NewsIntegration of Lehigh Hanson and Essroc Cement is one step closer, with a scheduled mid-summer closing, as reported by Aggregate Research. With the merger of HeidelbergCement and Italcementi, the amalgamation of two of the US cement subsidiaries is moving ever closer. Shareholders of both firms were informed of Competition Bureau of Canada approval, as well as the forthcoming US Federal Trade Commission clearance of a combined Lehigh Hanson and Essroc Cement business, at the recent Heidelbe... |
Italcementi workers presents demands25 April 2016, Published under Cement NewsThe Italian unions Feneal Uil, Filca Cisl and Cgil Fillea representing Italcementi cement workers, have announced a strike in response to the industrial plan proposed by the government, which may result in 415 dismissals this year and further 250 redundancies in 2017. On 14 April, workers at Italcementi declared their intention to strike, arguing that Heidelbergcement, which is in the process of acquiring the Italian cement manufacturer, had failed to address workers’ concerns. HeidelbergCe... |
USA: Essroc Martinsbrug to tighten up dust emissions control20 April 2016, Published under Cement NewsEssroc officials said in a statement that it will implement strict dust-control improvements over the next 60 days as part of ongoing environmental efforts, and has already made investments to repair equipment. Essroc recently agreed to pay a US$38,400 penalty for air-pollution violations, which triggered several complaints last year from nearby residents. Essroc will be required to perform weekly instead of monthly “visible emission observations” at its South Queen Street plant as part of... |
Thailand: Italcementi to keep ASEAN base11 April 2016, Published under Cement NewsThailand will continue to be Italcementi Group's production base in ASEAN and its base for expanding into Myanmar after HeidelbergCement acquires Italmobiliare's 45 per cent stake in Italcementi in July, group Chief Executive Officer, Carlo Pesenti, said in an interview with The Nation. "Since Italmobiliare and HeidelbergCement signed an agreement regarding the sale to HeidelbergCement of Italmobiliare's 45 per cent stake held in Italcementi in July last year, we have discussed the poli... |
HeidelbergCement to sell Italcementi's Belgian operations as part of integration plan06 April 2016, Published under Cement NewsHeidelbergCement has laid out its plans for the restructuring of Italcementi's operations following the former's moves to acquire a 45 per cent stake in the Italian firm last July. These include selling off Italcementi’s entire Belgian operations to address competition concerns. In a press release, HeidelbergCement said that the integration process will see the retention of Italcementi’s Italian operations and brand. The company adds that it expects the acquisition to be finalised by July... |
Suez Cement working to limit impact of Egypt's dollar shortage14 March 2016, Published under Cement NewsSuez Cement, a unit of Italy’s Italcementi SpA, is working to minimise the impact of Egypt’s dollar shortage on its operations and has no plans to “withdraw” from the country, Managing Director, Bruno Carre, said. “We are doing what we can to finance our operations locally and to work with local suppliers while getting extended credit facilities from our international suppliers and our group,” Carre told Bloomberg News. “Our key priority is to maintain our operations and to minimise the out... |
HeidelbergCement issues EUR625m of debt certificates15 January 2016, Published under Cement NewsHeidelbergCement has successfully issued debt certificates in the amount of EUR625m, thereby further strengthening its financing structure. Due to high demand, it was possible to significantly increase the issue volume from initially EUR400mto EUR625m, the German building materials major highlighted. The newly-issued debt certificates, with a maturity date of 20 January 2022, consist of two tranches: one tranche with a floating rate and the other with a fixed rate. The fixed rate tranche yi... |