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HeidelbergCement lifts revenues, raises savings target

16 March 2012, Published under Cement News

German cement major HeidelbergCement has reported a rise in revenues in 2011 driven significantly by its exposure to attractive growth markets, continuing recovery in most group markets and successful implementation of its “FOX 2013” improvement programme. “The year 2011 was a further consistent step towards reaching our strategic goals”, says Dr. Bernd Scheifele, Chairman of the Managing Board of HeidelbergCement. “We increased revenue and results despite the unexpectedly heavy rise in e...

Venezuela to increase cement output

07 March 2012, Published under Cement News

Venezuela is expected to produce 8.3Mt of cement in 2012 from 7.7Mt last year, to help boost the development of the country’s infrastructure as well as support the government’s Grand Housing Mission, Raul Pacheco, the country’s Vice Minister of Productivity Management, has said. El Universal reports that among new capacity additions, the Cerro Azul cement plant is to start operations in 2012, according to Vice Minister of Productivity Management. The plant is located in El Pinto sector, P...

Emerging markets continue to drive Holcim sales

29 February 2012, Published under Cement News

Holcim's consolidated sales for 2011 fell 4.2% on the previous year to CHF20.7bn (US$23.1bn), although the company says that on a like-for-like basis it saw a +7.5% increase in revenues. Due to cash-neutral impairments totaling CHF775m, net income was down 57.9 per cent to CHF682m. While operating EBITDA decreased 12.3 per cent, on a like-for-like basis it remained virtually stable at minus 0.2 per cent.  In many markets, Holcim said increased costs due to inflation, especially for raw ma...