Cement News tagged under: HeidelbergCement
HeidelbergCement India sells grinding unit to JSW Group22 May 2013, Published under Cement NewsHeidelbergCement India has sold its 0.6Mta grinding facility in Raigad, Maharashtra, to the JSW Group, the company has informed the Bombay Stock Exchange. The acquisition is situated adjacent to the company’s steel plant and will allow JSW to use slag from its steel process in the grinding process. For HeidelbergCement, the disposal of cement facility is in line with company’s aim of divesting less strategic assets with lower margins to focus on more strategic and key operations in Centra... |
HeidelbergCement to sell stake in Indian unity to private equity investors?20 May 2013, Published under Cement NewsHeidelbergCement is reported to be in talks with private equity investors to sell a minority stake in its Indian arm, which could result in the second such deal in the domestic sector in recent weeks. Speculation is mounting that Bain Capital is conducting a due diligence to pick up around 10 per cent in Heidelberg India according to reports by The Telegraph. Other private equity investors such as Carlyle and Sequoia are also reported to be interested. Earlier this year HeidelbergCement... |
Norcem signs carbon capture project with Aker Solutions, Norway17 May 2013, Published under Cement NewsAker Solutions has won a contract to test and study the capture of carbon dioxide (CO2) from flue gas emitted by the cement industry. The award from Norcem, in cooperation with the European Cement Research Academy (ECRA) marks the first time technology to capture CO2 is used at a cement plant in Norway. Aker Solutions will perform long-term testing on the actual flue gas to select optimum chemical solvent for high content CO 2 flue gas at Norcem's plant in Brevik, Norway. Tests will b... |
Indonesia cement sales rise 8.6%, Jan-Apr 201316 May 2013, Published under Cement NewsIndonesian cement sales increased by 8.6 per cent in the four months to the end of April 2013, the latest data from the Indonesian Cement Association (ASI) reveals. Sales for the January-April 2013 period reached 18.12Mt compared to 16.68Mt in the same period of last year. In April 2013 alone, sales also increased by 8.6 per cent to 4.54Mt in April from 4.18Mt in April 2012. The April sales growth showed an improvement on March's rate when sales only advanced by 3.5 per cent – the slowest... |
HeidelbergCement net loss widens, confirms 2013 outlook08 May 2013, Published under Cement NewsHeidelbergCement said its first-quarter loss widened in the first quarter of 2013 compared to a year ago as sales were impaired mostly by a weak European market. However, the German cement major reported a rise in operating income and has confirmed its 2013 outlook. Group share of the after-tax loss was EUR235m in the first quarter of 2013, wider than the EUR208m loss a year earlier. Operating income before depreciation was higher on the year EUR219m from EUR212 in the same period a ... |
Tvornica Cementa Kakanj net profit plummets, Bosnia-Herzegovina03 May 2013, Published under Cement NewsThe net profit of Tvornica Cementa Kakanj, part of the HeidelbergCement group, fell by almost half to BAM9.4m (EUR4.8m) from BAM17.2m a year earlier. Operating income fell to BAM66.5m in 2012 from BAM75.3m a year earlier while operating costs rose to BAM57.1m from BAM56.9m, the company said in a financial statement. At present, the 0.8Mta integrated works at Kankanj plant runs at about 60 per cent of its capacity. It is 45.58 per cent owned by HeidelbergCement. Following a 11.3 per ce... |
HeidelbergCement increases holding in Russian cement company19 April 2013, Published under Cement NewsHeidelbergCement has increased its holding in the Russian cement company CJSC “Construction Materials” from 51 per cent to 100 per cent. The parties have agreed not to disclose the purchase price. The purchase of the stake is included in the HeidelbergCement capital expenditure plan. CJSC “Construction Materials”, located in Sterlitamak, is the market leader in the Russian republic of Bashkortostan and one of the leading cement producers in the Wolga area with about 760 employees. The ... |
Tanzania Portland Cement net profit rises 22 per cent cost efficiencies19 April 2013, Published under Cement NewsTanzania Portland Cement Co, part of the HeidelbergCement Group, reported a 22 per cent rise in net profit in 2012 to TZS61.57bn thanks to tighter cost control and despite competition from imports. Operations at the 1.4Mta plant in Wazo Hill, situated 25km outside the capital Dar es Salaam, were also supported by the return of stable power supply as well as an eight per cent growth in construction activity. Cement demand, meanwhile, rose to 2.7Mt from 2.23Mt in 2011. To meet the marke... |
German Federal Court confirms HeidelbergCement’s cartel fine09 April 2013, Published under Cement NewsGermany’s Federal Court has confirmed the 2009 fine imposed on HeidelbergCement by the Higher Court of Düsseldorf at a reduced level of EUR161.4m, the German cement major said in a statement on Tuesday. “We have to accept the verdict of the Federal Court of Justice, and we state that the law suit has now been concluded after a long period of time,” says Dr Bernd Scheifele, Chairman of the Managing Board of HeidelbergCement. HeidelbergCement and other cement producers were initially... |
TernaCem – a new alternative binder concept27 March 2013, Published under Cement NewsIn an effort to tap the further potential for CO2 reduction, HeidelbergCement Technology Center (HTC) has been working on the development of alternative binders and and it now believes that one of the most promising concepts is a calcium sulfoaluminate-belite binder (CSAB). Calcium sulfoaluminate (CSA) cements have been produced for use in building chemicals for a long time, especially in China, HTC explained in a statement released yesterday. CSA cements are mainly used in screeds, tile ... |