Cement News tagged under: Germany
Sinoma acquires majority stake in Hazemag03 September 2013, Published under Cement NewsSinoma International Engineering Co Ltd has acquired a majority stake in German mining equipment firm Hazemag & EPR for US$137m. Beijing-based Sinoma bought the 59.09 per cent stake from the Schmidt Kranz Group through a share purchase agreement, according to a statement filed by Sinoma's parent company, the China National Materials Co Ltd. The deal will help Sinoma International expand its reach in mining equipment and has been approved by China's State-owned Assets Supervision and Ad... |
Holcim and Cemex to swap, combine assets in Europe28 August 2013, Published under Cement NewsHolcim and Cemex have reached an agreement to conduct a series of transactions to exchange and combine assets in parts of Europe with the aim of improving synergies and boosting operating profit. Cemex increase its presence in Central Europe through the acquisition of Holcim Cesko in the Czech Republic. The deal includes one cement plant (cement and clinker capacities of 1.1Mta and 0.9Mta, respectively), four aggregate quarries and 17 ready-mix plants. Holcim said it will continue to serve... |
Buzzi Unicem completes buy-out of Dyckerhoff shares28 August 2013, Published under Cement NewsBuzzi Unicem said on Tuesday that the squeeze-out of all outstanding ordinary and preferred shares in German-based Dyckerhoff AG still held by minority shareholders was recorded in the Commercial Register in Germany. As a result, as of 27 August 2013, the Italian cement major holds 100 per cent of Dyckerhoff. The payment to the minority shareholders of the cash compensation equal to EUR47.16 per share for a total EUR65.3m is expected to be carried out on 30 August 2013. The stock excha... |
HeidelbergCement mulls sale of non-core assets07 August 2013, Published under Cement NewsHeidelbergCement is considering the sale of non-core assets, its CEO Bernd Scheifele told local press in a recent interview. Speaking to the Boersen-Zeitung on Tuesday, Mr Scheifele said that markets such as Britain and the USA, where HeidelbergCement has non-core activities, are recovery and at the same time there is higher interest from private equity firms. The German cement major has implemented a number of measures to boost margins with price increases being a top priority. Heidelb... |
HeidelbergCement increases pre-tax profit by 52.1 per cent02 August 2013, Published under Cement NewsHeidelbergCement's first half turnover was virtually unchanged at €6560.4m (-0.3 per cent), while the EBITDA improved by 5.1 per cent to €953.1m as energy and raw material costs eased. The trading profit was up by 6.9 per cent to €540.4m and after a net interest charge 7.4 per cent lower at €259.3m and other financial items, the pre-tax profit rose by 52.1 per cent to €254.0m. Lower charges for tax and minorities led to a net attributable profit of €175m compared with a €27.3m loss a year ea... |
Russia and USA prove Dyckerhoff's only first-half bright spot01 August 2013, Published under Cement NewsGerman cement major and Buzzi Unicem subsidiary Dyckerhoff AG reported a decline in first-half sales volumes across all its market except Russia and the USA. Consolidated sales fell by six per cent. Group EBITDA was down by EUR3m which includes a one-time effect of EUR4m. In the previous year, one-time effects amounted to EUR5m. Pretax results were EUR10m, some EUR12m lower than the same period of last year. Net income after tax was EUR7m. For fiscal year 2013, Dyckerhoff expects group... |
HeidelbergCement raises 2Q13 operating profit31 July 2013, Published under Cement NewsHeidelbergCement, the world’s third-largest cement producer, reported a second-quarter operating profit as it managed to increase prices in its main markets. A rise in demand in Asia, Africa and North America, helped offset a slowdown in parts of Europe. Sales increased by 0.5 per cent in the second quarter to €3799m as successful cement and aggregates price increases had a positive impact on revenue growth in key market regions. Operating income before depreciation (OIBD) improved by 5.6... |
Dr. Michael Mutz to head Aumund cement sales division, Germany31 July 2013, Published under Cement NewsDr Michael Mutz is to take on an overall management role of Aumund Fördertechnik GmbH’s cement sales division, the company has announced in a statement. In April 2012, Dr Mutz took over responsibility of the mineral processing division at Aumund and will now lead the cement division. He will be in charge of sales of both new equipment and retrofits. In the cement sector Aumund is a leading supplier of bucket elevators and belt conveyors. It is also equally active in upgrades and the supp... |
Dyckerhoff shareholders approve Buzzi offer16 July 2013, Published under Cement NewsThe shareholders' meeting of Dyckerhoff AG gave the go-ahead to the squeeze-out launched by parent company Buzzi Unicem SpA on all outstanding ordinary and preferred Dyckerhoff shares still in the hands of minority shareholders. Buzzi Unicem's acquisition of the remaining stock of Dyckerhoff and the following cash payment of EUR47.16 per share ( for a total amount of EUR65.3m) will become effective with the recording of such shareholders' resolution in the Commercial Register in Germany, ... |
Phoenix Cement selects VAS IT logistics system, Germany16 May 2013, Published under Cement NewsPhoenix Cement has opted to introduce the VAS IT logistics system by Fritz and Maczoil at its cement plant in Westphalia, Germany. “Until now, we have had to manage the processes manually and on paper,” Kai Wagner, Phoenix plant manager said while explaining the company’s reorientation. “With the aid of the VAS IT logistics system, the processes within the cement works are now to be automated gradually and unmanned loading implemented across the plant.” The next step will be the integr... |