Cement News tagged under: heidelbergcement
HeidelbergCement inaugurates Scantogo clinker plant, Togo12 March 2015, Published under Cement NewsHeidelbergCement inaugurated the 1.5Mta new greenfield Scantogo clinker plant in Togo on 6 March 2015. The new US$250m plant is located at Tabligbo, some 80km north east of the capital city Lomé. More than 2000 guests attended the ceremony, among them the president of the Republic of Togo, the president of the National Assembly and the German ambassador in Togo. With the Scantogo investment, HeidelbergCement has become the largest German foreign investor in Togo. The new US$250m gre... |
Ukraine producer widens net loss12 March 2015, Published under Cement NewsHeidelbergCement Ukraine, the local unit of HeidelbergCement AG, saw its net loss expand to UAH425.4m (EUR18.5m) in 2014 from UAH99m the previous year, the plant said in a statement seen by news agency Ukrainian News on Tuesday. As of 2014, Dnipropetrovsk-based HeidelbergCement Ukraine had two cement production facilities, four ready-mixed concrete plants, five cement terminals, two aggregates and one grinding site in the country. |
Bosnia: TCK expects flat output10 March 2015, Published under Cement NewsBosnia's Tvornica Cementa Kakanj (TCK), part of the HeidelbergCement Group, sees its cement output flat this year after producing 420,000t in 2014, the company's director said. “Our cement production fell by around 10 per cent in 2014, which was probably the most difficult year since the war for the Bosnian economy and its citizens as the country went through political turmoil in February followed by record floods in May and in August and elections in October,” Branimir Muidza told SeeNews ... |
HeidelbergCement inaugurates 0.7Mta CimBurkina works06 March 2015, Published under Cement NewsHeidelbergCement has started production at its 0.7Mta CimBurkina grinding plant in Kossodo, Burkina Faso. The EUR42m grinding facility will be supplied with clinker from HeidelbergCement’s new 1.5Mta plant in Tabligbo, Togo, currently under implementation. This Cimburkina plant is a partnership with two local businesses. The latest addition to the Burkina production base sees three cement producers in the country. India-based Diamond Cement is market leader with a 60 per cent share while M... |
HeidelbergCement update on Managing Board structure11 February 2015, Published under Cement NewsThe Supervisory Board of HeidelbergCement AG has decided to amend the structure of the Managing Board with the position of a deputy chairman. Effective 1 February 2015, Dr Dominik von Achten, member of the Managing Board in charge of the North America Group area, Group Purchasing and the Competence Center Materials, has been appointed deputy chairman of the Managing Board. Also on 1 February 2015 the extension of the Managing Board agreement of Dr Bernd Scheifele, Chairman of the Managin... |
HeidelbergCement volumes boosted by North America, UK and new capacities10 February 2015, Published under Cement NewsPreliminary full-year results from HeidelbergCement show improvements in sales volumes, revenue and operating income despite negative exchange rate effects, leading the company to describe 2014 as the most ‘successful year since the financial crisis.’ Despite significant exchange rate effects, the group’s revenue increased by four per cent to EUR12.6bn (+8 per cent on a like-for-like basis) and operating income improved to EUR1.6bn (+13 per cent L-F-L) supported by mild winter weather in E... |
HeidelbergCement expects positive earnings impact on falling prices20 January 2015, Published under Cement NewsHeidelbergCement AG expects the falling oil prices to have a positive effect on the company`s earnings in 2015, a company spokesperson told German weekly Euro am Sonntag. The low fuel prices will have a positive impact on the company’s energy costs, the spokesperson said. In November, the global cement major said its third-quarter operating income before depreciation (OIBD) increased by 10 per cent to EUR866m thanks in part to price increases and declining energy prices. |
Togo: foundation stone laid for new 0.2Mta cement works16 January 2015, Published under Cement NewsOn 14 January the foundation stone for a new cement plant in Togo was laid in the presence of the country’s president, Faure Gnassingbé. The 0.2Mta Cimtogo-Kara works, located at Awandjélo, in the region of Kara and 420km north of the capital Lomé, represents an investment of US$15m by Scantogo, a subsidiary of Germany’s HeidelbergCement. The facility is expected to come online in two years’ time and supply product to the domestic market. Earlier, HeidelbergCement built a US$250m clin... |
New Guinea-Bissau grinding plant seeks IFC loan12 January 2015, Published under Cement NewsHeidelbergCement subsidiary Scancem, in partnership with Maxime Cardoz, a private investor from Senegal, has applied to the IFC for a loan of EUR11m to help finance Guinea-Bissau's first grinding plant. The Cardoz Cimentos de Bissau project, which is 60 per cent owned by Cardoz and 40 per cent by Scancem, would be located 1.5km from the port of Bissau, a plant location in an area which currently absorbs 50 per cent of the country's cement consumption. The project has an estimated cost of ... |
HeidelbergCement to sell its North American and UK Building Products Business24 December 2014, Published under Cement NewsHeidelbergCement announced that it has entered into a definitive agreement with an American affiliate of Lone Star Funds to sell its North American (excluding Western Canada) and United Kingdom building products business, Hanson Building Products, for an total price of US$1.4bn, of which up to US$100m will be payable in 2016, depending on the performance of the business in 2015. The closing is subject to the satisfaction of customary closing conditions. HeidelbergCement expects the transacti... |