HeidelbergCement - April 2019

HeidelbergCement has sold the 0.7Mta Spoleto cement works to Colacem and agreement has been reached to sell the Testi integrated cement works and two grinding centres to Buzzi Unicem, with completion envisaged by the end of July.

The Indonesian subsidiary Indocement is looking for four per cent sales growth in 2019 to some IDR1.1bn, with most of the growth coming in the second half. This compares with a 5.3 per cent growth rate in 2018 when the net profit fell by 38.4 per cent.