Displaying items by tag: HeidelbergCement
Germany: HeidelbergCement’s profit was Euro1.24bn in 2019, down by 3.4% from Euro1.23bn in 2018. Its revenue grew by 4.3% to Euro18.9bn from Euro18.1bn. HeidelbergCement says that it reduced its specific net CO2 emissions by 1.5% year-on-year to 590kg/t from 599kg/t in 2018 and ‘intensified its research and development (R&D) efforts on carbon capture and utilisation/storage (CCU/S)’ in every operating region globally.
The group announced a year-on-year increase in volumes in the first two months of 2020, with all but three of its plants (HeidelbergCement subsidiary Italcementi’s 2.8Mt/yr Calusco plant, 2.5Mt/yr Rezzato plant and 0.6Mt/yr Tavernola plant in Lombardy region, Italy) still operating through the coronavirus pandemic, though it noted that construction is slowing in the US, Australia and Western Europe due to the outbreak.
HeidelbergCement cancelled its 7 May 2020 annual general meeting (AGM) ‘due to the spread of the coronavirus.’
Italy: HeidelbergCement and its Italian subsidiary Italcementi are each donating Euro100,000 to the Ospedale Papa Giovanni XXIII in Bergamo. The region in Lombardy in Northern Italy has been markedly affected by the coronavirus outbreak with over 400 fatalities since February 2020. Italcementi’s headquarters is located in the city. Italcementi's managing director Roberto Callieri has also invited employees to support the hospital and other institutions.
Bosnia & Herzegovina: Germany-based HeidelbergCement subsidiary Tvornica Cementa Kakanj (TCK) recorded a profit of Euro7.35m in 2019, down by 15% year-on-year from Euro8.63m in 2018. Sales rose by 1.8% over the period, to Euro37.7m from Euro37.0m. The company explained the profit drop in terms of increased operating costs, which rose by 3.8% to Euro29.4m from Euro22.7m in 2018.
Suez Cement records US$75.0m loss in 2019
09 March 2020Egypt: Germany-based HeidelbergCement subsidiary Suez Cement’s losses fell by 11% year-on-year to US$75.0m in 2019 from US$84.1m in 2018. Mubasher News has reported that sales also fell, by 13% to US$41m from US$0.47bn.
Suez Cement is seeking buyers for its 51% stake in Kuwait-based Hilal Cement.
UK: Germany-based HeidelbergCement’s subsidiary Hanson Cement will be the subject of a study in the use of biomass and hydrogen fuels coordinated by the Mineral Products Association (MPA). The Department for Business, Energy and Industrial Strategy is funding the Euro3.81m study, the results of which it says will be shared across the cement industry. HeidelbergCement CEO Dominik von Achten said, "In addition to our activities in the field of carbon capture, use and storage (CCUS), this project is an important step towards realising our vision of carbon-neutral concrete by 2050.”
HeidelbergCement indicates stronger fourth quarter
18 February 2020Germany: HeidelbergCement has reported that its result from current operations (RCO) for the fourth quarter of 2019 grew by 3% year-on-year to Euro603m, from Euro584m in the fourth quarter of 2018. Its result from current operations before depreciation and amortisation (RCOBD) grew by 13% to Euro968m from Euro858m, while its revenue declined by 3% year-on-year from Euro4.70bn to Euro4.58bn.
HeidelbergCement reported that its cement sales were 31.4Mt for the quarter, 2% lower than the 32.0Mt sold in the fourth quarter of 2018. It will release its consolidated financial results on 19 March 2020.
HeidelbergCement focuses on prices over sales volumes in 2019
13 February 2020Germany: HeidelbergCement’s revenue rose by 2.1%, on a like-for-like basis, to Euro18.9bn in 2019. In its preliminary results the group said that it had focused on prices rather than sales volumes. Its cement and clinker sales volumes fell by 1.6% year-on-year, excluding consolidation effects, to126Mt in 2019. Ready-mixed concrete sales rose by 3.4% to 50.7Mm3. Its current operations before depreciation and amortisation rose by 2.5%, on a like-for-like basis, to Euro3.58bn. The building materials producer plans to issue a more detailed trading statement in mid-February 2020 detailing its performance.
Hanson appoints Andy Murphy as national commercial director
12 February 2020UK: Hanson Cement has appointed Andy Murphy as national commercial director. He reports directly to chief executive officer (CEO) Simon Willis and assumes commercial responsibility for the cement division as well as Hanson’s major projects and commercial excellence teams. Murphy holds experience in sales and marketing roles in the construction sector, including at Lafarge Tarmac, Jewson and building materials supplier SIG Distribution.
HeidelbergCement India grows sales and profits
12 February 2020India: HeidelbergCement India’s revenue grew by 4% year-on-year to US$221m in the nine months to 31 December 2019 from US$232m in the same period in 2018. Its sales volumes fell by 1.9% to 1.22Mt from 1.29Mt. Its net profit rose by 26% to US$22.4m from US$28.3m. The subsidiary of Germany’s HeidelbergCement said that, despite a fall in revenue in the quarter to 31 December 2019, a decrease in petcoke prices and an increase in power generation from waste heat recovery systems, had helped to keep costs under control.
The cement producer added that de-bottlenecking work at its grinding mills at Imlai in Madhya Pradesh and Jhansi in Uttar Pradesh is expected to be completed by the end of March 2020. Following completion of the project the company’s total cement grinding capacity will be 6.26Mt/yr.
Dominik von Achten becomes the new chairman of HeidelbergCement
31 January 2020Germany: Dominik von Achten is set to become the new chairman of HeidelbergCement from the start of February 2020. He has been deputy chairman of the managing board since 2015 and succeeds Bernd Scheifele, who is retiring.
Achten, aged 54 years, has been a member of the managing board of HeidelbergCement since 2007. His area of responsibility included the group areas of North America and Western and Southern Europe as well as the Competence Center Materials. He worked on the integration of both Hanson and Italcementi. As Chief Digital Officer, he is responsible for the areas of digital transformation and digital ventures.
After a statutory two-year cooling-off period has expired, Scheifele will stand as a candidate for the supervisory board of HeidelbergCement in 2022 to become its chairman.
Lorenz Näger, who has been the company’s chief financial officer since 2004, will additionally become the new deputy chairman of the Managing Board. He is responsible for Finance, Group Accounting, Controlling, Taxes, Treasury, Data Protection, Insurance & Corporate Risk Management, IT, Purchasing and Shared Service Center.
Achten will hand over responsibility for the Western and Southern Europe Group area to Jon Morrish, who was previously responsible for the North America Group area.
Chris Ward, who was previously head of the Canada region and has been a member of the managing board of HeidelbergCement AG since September 2019, takes over the North America Group area and the Competence Center Materials. He has been with the company since 1996 and held several management positions in the US before assuming responsibility for the Canada region of the North America Group area.