Cement News tagged under: Germany
Christian Knell elected new president of VDZ24 May 2017, Published under Cement NewsChristian Knell named new president of VDZ Christian Knell, general manager of HeidelbergCement in Germany, has been elected as the new president of VDZ. He succeeds long-standing president Gerhard Hirth who has been at the helm of VDZ for 12 years. Mr Knell has been vice president of VDZ since 2012 and has been working in the industry for more than 25 years. VDZ said the main driving forces in his new role as president will be the technological development and innovation along... |
New CEO for thyssenkrupp Industrial Solutions05 May 2017, Published under Cement NewsDr Peter Feldhaus, currently CEO of thyssenkrupp Marine Systems, is to be the new CEO of the Industrial Solutions business area. At its meeting earlier this week the Industrial Solutions supervisory board appointed him executive board member and CEO of the business area effective 4 May. “Dr Peter Feldhaus has outstanding strategic skills and experience in various sectors. As CEO he integrated Marine Systems more fully into the overall structure of the Industrial Solutions business area an... |
Yuen steps down as KHD Supervisory Board Member27 April 2017, Published under Cement NewsEliza Suk Ching Yuen has decided to step down from the position of Supervisory Board Member of KHD Humboldt Wedag International AG (KHD) effective at the end of the next Annual General Meeting on 23 May 2017. Mrs Yuen was elected to the board in 2012. |
HeidelbergCement issues a Eurobond28 March 2017, Published under Cement NewsHeidelbergCement priced a Eurobond issue under its EUR10bn EMTN programme with an issuance volume of EUR1bn and a maturity date of 7 April 2026. The proceeds of the transaction will be used for general corporate purposes and the refinancing of upcoming maturities. The nine year bond bears a fixed coupon of 1.625 per cent annually. The issue price is at 99.626 per cent, resulting in a yield to maturity of 1.670 per cent. Joint bookrunners of the transaction are Citi, Deutsche Bank, Helaba, R... |
HeidelbergCement sees 13% revenue rise in 201616 March 2017, Published under Cement NewsHeidelbergCement saw revenues rise by 13 per cent to EUR15.2bn in 2016 and completed a successful acquisition of Italcementi with synergies increased to EUR470m. "2016 was an exceptional year for HeidelbergCement," states Dr Bernd Scheifele, chairman of the managing board of HeidelbergCement. "With the successful takeover of Italcementi, we have accelerated our growth and are now in an excellent strategic position. In our core business lines of aggregates, cement, and ready-mixed concrete... |
Germany: Karsdorfer and Sötenich plants for sale02 March 2017, Published under Cement NewsCRH confirmed with its annual 2016 results, that it will sell a large portion of its German cement assets, as part of a wider EUR400m divestment programme. The company has agreed to sell the Karsdorfer integrated cement plant (2.3Mta) and Sötenich grinding plant (0.45Mta), to an unnamed purchaser, subject to approval by the German Competition Authority (Bundeskartellamt). CRH is expected to retain its third plant at Wössingen. It is possible that an existing German cement producer would... |
The world in 2016 and outlook for 201710 February 2017, Published under Cement NewsThis year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new era of global political uncertainty that could further destabilise markets. On balance, however, global growth looks set to be anchored by positive trends in the major markets of China, India and the US, more than offsetting the poor performance elsewhere. The large cement majors have spent years diversifying their por... |
LafargeHolcim supplied 30 concrete types to Elbphilharmonie11 January 2017, Published under Cement NewsLafargeHolcim will see the completion of new Elbphilharmonie concert facilities in Hamburg, Germany, today. The cement producer delivered some 30 different types of concrete to meet the architects’ aesthetic and technical expectations in building a concert hall with outstanding acoustics and innovative design. A total of 63,000m3 of concrete were delivered by a consortium led by the company’s German subsidiary, Holcim Deutschland. Designed by Swiss architects Herzog & de Meuron, the plans... |
Germany: a positive outlook?31 October 2016, Published under Cement NewsAs the German economy continues to expand, investment in construction is rising. However, the recovery of the key market appears to be slowing and cement demand in 2015 slipped when compared to the previous year’s volumes. But with imports declining and exports recovering, the outlook for domestic cement producers is improving. Will Germany's cement producers be able to look forward to a continued recovery in the domestic construction market? The German economy expanded 1.7 per ... |
Scwhenk invests EUR30m in Allmendingen works30 September 2016, Published under Cement NewsGerman cement producer Schwenk is investing EUR30m in its Allmendingen cement plant to reduce NOx and organic carbon emissions as well as mercury. The XMercury equipment, designed by Austrian emissions control supplier Scheuch, is expected to come online in February 2017 while the Deconox system, supplied by the same company, will enter service in June. Meanwhile, the foundations for the Deconox facility will be poured before this winter. The cement plant will also see the constructi... |