HeidelbergCement comments on future operations in Russia
HeidelbergCement Chairman Dr Bernd Schiefele acknowledges concern over the future of operations in Russia and Ukraine.
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HeidelbergCement Chairman Dr Bernd Schiefele acknowledges concern over the future of operations in Russia and Ukraine.
George Osbourne’s Budget includes good news for the cement industry: investment in housing, investment in infrastructure, and support for energy-intensive industries.
Reports suggest that French cement manufacturer Vicat is planning to purchase Sagar Cements’ 47% share in its joint venture company; however, Sagar Cements has since denied this claim.
Egyptian cement producer Misr Beni Suef Cement Co. posted a 0.96% y/y increase in net profit and a 20% y/y improvement in total revenue for FY13.
The Indonesian cement company saw cost pressures from the depreciation of the Rupiah and increased logistics costs, but improved sales volumes and prices kept revenues up.
West China Cement reports a rise in cement sales volumes, revenue and gross profit in 2013.
“In 2013, we generated our best results since the financial crisis,” reports Dr Bernd Schiefele.
Cemex matched funds raised by employees as part of an internal campaign two-to-one. The money will be donated to those affected by Typhoon Haiyan, supporting the rebuilding of houses and schools in Northern Cebu.
E-CL has signed a contract with Cementos Biobio for a new flyash reutilisation project at the Antofagasta plant in Chile.
In February 2014, Pikalevsky Cement witnessed a 1.6% y/y increase in shipments and Lipetskcement reported a 5% y/y rise in cement production.
Cement dispatches increased in Peru in the first two months of 2014, while the country’s manufacturing, construction and mining sectors continued to grow in January.
A draft document from the European Commission proposes state aid could be given to 62 energy intensive industries, according to a report from Bloomberg.