Cement News tagged under: HeidelbergCement
TPCC reports 22% rise in net profit, Tanzania18 March 2013, Published under Cement NewsTanzania Portland Cement Company Ltd (TPCC), part of HeidelbergCement, posted a 22 per cent increase in net profit despite competition from regional imports. Net profit for the year to December 2012 rose to TZS1.57bn (US$968m) from TZS50.6bn in 2011. Turnover increased 15 per cent to reach TZS249.11bn compared to 217.25bn recorded in the year before. The cost of sales was pushed up by double digit high inflation rates and energy tariffs rising to TZS126.7bn against TZS117.7bn registered in ... |
HeidelbergCement reduces debt, profit edges ahead14 March 2013, Published under Cement NewsGerman cement major HeidelbergCement reported increases in revenue and operating income in 2012 as well as a significant reduction in net debt. Revenue for the 12 months to December 2012 improved by nine per cent to EUR14bn. Operating income climbed nine percent to EUR1.613bn, benefiting from price increases, exchange rate effects and the successful implementation of the "FOX 2013" savings programme. Operating income before depreciation or OIBD increased seven per cent to EUR2.48bn. Pr... |
Holcim and Heidelberg to operate Cement Australia as a joint venture14 March 2013, Published under Cement NewsHolcim Ltd said Thursday it plans to sell a 25 per cent stake in Cement Australia to HeidelbergCement and operate the company as an equally-controlled joint venture between the two cement majors. Holcim and HeidelbergCement should be equally represented on the board and the chairmanship should rotate, the Swiss firm noted, adding that the contract on the transaction is still to be signed. Holcim currently owns 75 per cent of Cement Australia and Hanson Cement the other 25 per cent. “Th... |
PT Indocement net profit rises 32.2%, Indonesia13 March 2013, Published under Cement NewsPT Indocement Tunggal Prakarsa, part of the HeidelbergCement group, has reported a 32.2 per cent rise in net profit for 2012. The country’s second-largest cement producer saw net profit rise to IDR4.76trn (US$491m) through the year while net income grew to IDR17.20trn, a rise of 24.5 per cent YoY. Indocement is currently working on adding some 6.3Mta of additional capacity by 2015. Projects include new cement mills with capacity of 1.9Mta under construction in Citeureup. The company ... |
HeidelbergCement expands capacity in Ghana12 March 2013, Published under Cement NewsHeidelbergCement is constructing a new cement mill with an annual capacity of 0.8Mta at its grinding plant in the port city of Takoradi. The investment of US$30m also includes the construction of a new clinker and a new cement silo as well as the installation of new cement bag packing and dispatch facilities. In November 2012, HeidelbergCement inaugurated a new 1Mta cement mill at its grinding plant in Tema some 25km east of the capital city of Accra. “The construction of the new cemen... |
Credit Suisse upgrades HeidelbergCement08 March 2013, Published under Cement NewsCredit Suisse has upgraded HeidelbergCement from underperform to neutral and increased its target price to EUR53.00 from EUR37.00, Dow Jones reports. The bank says a more upbeat outlook for global cement prices this year and increasing demand improve the industry’s pricing power. CS also cited lower cost pressures and HeidelbergCement’s fading balance sheet concerns as reasons for the upward revision. Preliminary figures from HeidelbergCement show an 8.7 per cent advance in turnover last ... |
HeidelbergCement builds grinding facility in Burkina Faso06 March 2013, Published under Cement NewsHeidelbergCement is constructing a new US$50m grinding plant in the west African country of Burkina Faso with local partners, the cement major said in a statement today. The new facility, which will have a capacity of 650,000tpa, is to be built near the capital city of Ouagadougou. “The construction of the new cement grinding plant is part of our strategy of expanding our clinker and cement capacities in growth markets. These include, in particular, the countries of sub-Saharan Africa”, s... |
HeidelbergCement expands cement capacity in Tanzania27 February 2013, Published under Cement NewsIn Tanzania, HeidelbergCement is constructing a new mill with a cement capacity of 0.7Mta at its Wazo Hill plant, some 2km northwest of the capital Dar es Salaam. The investment of US$40m also includes the construction of a new clinker and a cement silo as well as the installation of new cement bag packing and dispatch facilities. “The construction of the new cement mill is part of our strategy of expanding our clinker and cement capacities in growth markets. In particular, the countries... |
HeidelbergCement India increases cement capacity to 6Mta19 February 2013, Published under Cement NewsHeidelbergCement confirmed yesterday that it has successfully completed the expansion of its clinker and cement grinding capacity in Central India. The plants are located in Damoh district (Narsingarh and Imlai facilities) in Madhya Pradesh and in Jhansi, Uttar Pradesh. Trial runs of the expanded plants were successfully conducted between November 2012 and January 2013 and the production capacities were now officially commissioned. Capital expenditure for the project amounted to €216m. W... |
HeidelbergCement to set up waste heat recovery power generation plant12 February 2013, Published under Cement NewsHeidelbergCement India has received an approval for setting up waste heat recovery power plant at its cement plant in Narsingarh, Damoh district, Madhya Pradesh. The proposed plant will produce approximately 12.15MW of power from available waste heat of pyroprocessing system of all three clinker lines at Narsingarh. The project costs an estimated INR1450m -INR1500m (US$26.8m-US$27.8m) and it is likely to be operational in January 2015. It will substitute equivalent grid power and thus... |