Cement News tagged under: HeidelbergCement
Heidelberg expands capacity, India07 May 2012, Published under Cement NewsHeidelbergCement India is expanding the manufacturing capacity of cement from 0.8Mta to 2.5Mta in Jhansi, Uttar Pradesh. Civil work is nearing completion and the project is scheduled for completion in July 2012. |
HeidelbergCement lifts prices to stem cost surge03 May 2012, Published under Cement NewsHeidelbergCement joined peers in raising prices after posting a 77% decline in operating profit in the 1Q12, a bigger fall than expected due to higher energy costs. Operating profit in the first three months of the year declined to €14m (US$18m) from €60m a year earlier, the company said on Thursday. That was below than the €52.9m expected on average by analysts in a Reuters poll. "In view of the higher costs of energy and raw materials we launched price increases and in some markets... |
Personnel change on the Supervisory Board of HeidelbergCement27 April 2012, Published under Cement NewsAs of 14 March 2012, Dr.-Ing. Herbert Lütkestratkötter resigned from his position on the Supervisory Board of HeidelbergCement AG for personal reasons. The Nomination Committee of the Supervisory Board of HeidelbergCement is intensively engaged in the selection of a suitable successor. “The Supervisory Board and the Managing Board of HeidelbergCement AG regret the resignation from office by Dr. Lütkestratkötter,” says Fritz-Ju¨rgen Heckmann, Chairman of the Supervisory Board of Heidel... |
HSBC lifts Lafarge price target, upgrades Heidelberg02 April 2012, Published under Cement NewsHSBC has lifted the share price target of Lafarge to EUR 37 from EUR 27 and reiterated its "neutral" recommendation. The broker considers that the construction sector is recovering from the consequences of the economic crisis. At the same time, HSBC upgraded HeidelbergCement AG to "overweight" from "neutral", as it sees the company to keep performing well. (Source: SeeNews France) |
HeidelbergCement completes Górazdze modernisation, Poland28 March 2012, Published under Cement NewsHeidelbergCement completed the capacity expansion project at its cement plant in Górazdze, Poland, with the commissioning of a new cement mill. The new mill, – the largest ball mill in Europe – has a capacity of 1.4Mta and ideally complements last year’s increased kiln capacity. In 2012, total cement capacity in Poland rises to 5.6Mt. "With the new mill we successfully complete another important project of our investment programme in attractive growth markets," explains Dr. Bernd Scheifel... |
Indocement targets 30Mt production by 201727 March 2012, Published under Cement NewsPT Indocement Tunggal Prakarsa, part of the HeidelbergCement Group, has outlined several expansion project which will lift the producer’s cement capacity to the 30Mt mark by 2017. Output at the company, which is the second-largest producer in Indonesia, is targeting at 20.6Mt this year. Indocement is currently constructing a cement mill at its Citeureup, West Java, site with a production capacity of 1.9Mta which is scheduled for completion in 2013. The Jakarta Post also now reports tha... |
TPCC profit constrained by power issues, Tanzania23 March 2012, Published under Cement NewsTanzania Portland Cement Company Limited (TPCC) net profit rose slightly less than expected due to erratic power supplies but says the demand outlook is positive as it prepares to bring new capacity on-stream in the next quarter. Net profit rose by 0.4 per cent to TZS50.61bn in 2011. “Higher imports of clinker and frequent breakdown of machinery resulting from erratic power supply,” company chairman Jean-Marc Junon said in a statement on Thursday. Aside from these challenges, the compa... |
Indocement to invest in new factory, Indonesia23 March 2012, Published under Cement NewsPT Indocement Tunggal Prakarsa, part of the HeidelbergCement Group, is set to construct a new cement factory in Citereup, West Java, according to local press reports. Asia in Focus has reported that the company is investing US$440m in the new facility. Corporate secretary Sahat Pangabena, however, refused to give details about the plan, saying Indocement will announce details later this month. |
Indocement sales advance, further growth ahead, Indonesia21 March 2012, Published under Cement NewsPT Indocement Tunggal Prakarsa, part of the HeidelbergCement Group, said on Tuesday cement sales rose 15 per cent in 2011 and forecasts a strong rise in infrastructure projects supported by the government’s recently-passed land clearing law. Domestic sales volumes by Indocement rose 20.2 per cent as the Indonesian construction sector has been benefiting from lively activity, particularly in the residential and high-rise construction sector, noted HeidelbergCement. As a result of lower stro... |
HeidelbergCement lifts revenues, raises savings target16 March 2012, Published under Cement NewsGerman cement major HeidelbergCement has reported a rise in revenues in 2011 driven significantly by its exposure to attractive growth markets, continuing recovery in most group markets and successful implementation of its “FOX 2013” improvement programme. “The year 2011 was a further consistent step towards reaching our strategic goals”, says Dr. Bernd Scheifele, Chairman of the Managing Board of HeidelbergCement. “We increased revenue and results despite the unexpectedly heavy rise in e... |