Displaying items by tag: Germany
Germany: HeidelbergCement’s revenue fell by 10% year-on-year to Euro8.25bn in the first half of 2020 from Euro9.21bn in the same period in 2019. Its result from current operations before depreciation and amortisation (RCOBD) decreased by 2% to Euro1.40bn from Euro1.44bn. Sales volumes of cement dropped by 8% to 56.3Mt, aggregates by 7% to 135Mt and ready-mixed concrete (RMX) by 11% to 21.7Mm3. Its net debt decreased by 1.4% to Euro8.99bn.
“In the second quarter, revenue dropped in many countries, in some cases by double-digit percentages. Nevertheless, we achieved a good result, which was almost at the previous year’s level. The successful implementation of our COPE action plan played a large part in this,” said Dominik von Achten, chairman of the managing board of HeidelbergCement.
By region the group noted major falls in sales volumes, revenues and RCOBD in Western and Southern Europe and Asia-Pacific. Although it said that the construction industry in Germany had ‘hardly been affected by the corona crisis’ despite significant negative effects elsewhere in Europe.
Germany: HeidelbergCement has estimated sales of Euro4.32bn in the second quarter of 2020, down by 13% year-on-year from Euro4.97bn in the corresponding quarter of 2019. The figure is 11% higher than the average market expectation of Euro3.91bn.
The company said, “With the COPE action plan, the company has already launched a comprehensive bundle of measures in February 2020 that focuses on cost savings and maintaining liquidity. These measures took effect especially in the second quarter of 2020 and made a significant contribution to the fact that cost savings largely offset the burden on earnings caused by the Covid-19-related decline in revenue.”
Germany: HeidelbergCement has reported the successful resurfacing of a section of Federal Motorway 5 (BAB 5) between Karlsruhe and Frankfurt using a concrete made from low-alkali cement produced at its 1.4Mt/yr-capacity Schelklingen, Baden-Württemberg integrated cement plant. The company used over 3600t of cement to produce the 12,000m3 of concrete required for the 3.2km stretch of road. Traffic infrastructure product manager Klaus Felsch said, “The cement’s low alkali content significantly reduces the risk of an alkali-silica reaction and maximizes the durability of the concrete.”
Akhangarantsement installs ThyssenKrupp raw materials grinding plant at 5Mt/yr Tashkent plant site
08 July 2020Uzbekistan: Akhangarantsement says that it has installed a ThyssenKrupp raw materials grinding unit at the site of an upcoming 5Mt/yr integrated cement plant in Tashkent Region. The equipment consists of a jaw crusher for primary crushing and a hammer mill for secondary crushing. The company said that the upcoming plant will “provide the market with a line of high-quality products for the construction of housing, industrial and infrastructure facilities.”
Gebr. Pfeiffer provides update on modular mill for Petra Cement plant in the Philippines
08 July 2020Philippines: Germany-based Gebr. Pfeiffer says a ready2grind system it supplied to Petra Cement started in early December 2019. The clinker grinding mill is operational at a grinding plant on the Zamboanga Peninsula in Mindanao. No value for the order has been disclosed. Petra Cement’s sister company , Big Boss Cement, has also ordered a modular mill system from Gebr. Pfeiffer.
UK: Germany-based Loesche has joined a network of expert companies that “share relevant information and results regarding the reduction of environmental impact and the use of coal and enhanced energy security globally” in becoming an IEA Clean Coal Centre knowledge partner. The company said, “We are excited to be part of this renowned group of companies that aim to improve the environmental impact by use of green technologies, renewable resources, and alternative use of energy sources for more sustainable engineering projects.”
HeidelbergCement’s asset portfolio revalued
07 July 2020Germany: Following a comprehensive review of its assets HeidelbergCement has announced a Euro3.4bn impairment to its company value compared to the figure from a precious valuation prior to the second quarter of 2020. The company gave the reasons for the impairment as: the demand impacts of the coronavirus pandemic; economic effects on operations in individual countries; notably in the UK post-Brexit; and an increase in the market risk premium used by the Institut für Wirtschaftsprüfer (German public auditing body) for valuation to 7% from 6%. The largest regional impairment was Euro2.7bn, in Western and Southern Europe. Euro2.3bn of the total impairment, “relates to the Hanson acquisition” by HeidelbergCement in 2007.
Germany: HeidelbergCement has published its sustainability report for 2019. The building materials producer says it decreased its specific gross CO2 emissions per tonne of cement by 0.9% year-on-year to 622kg/t in 2019 from 628kg/t in 2018. Absolute net CO2 emissions also fell, by 4.6% to 68.4Mt from 71.7Mt. Indirect CO2 emission grew by 4.8% to 4.4Mt from 4.2Mt, though energy consumption in cement production fell by 3.5% to 364,000TJ from 377,000TJ.
HeidelbergCement chair Dominic von Achten said, “We have declared our express commitment to the United Nations (UN) Sustainable Development Goals. In particular, we will continue to intensify our commitment to tackling climate change in the coming years.”
Germany: Haver & Boecker and BillerudKorsnäs have published ten Sack Packaging Norms to provide a “common language” to correct “repeated, unnecessary errors which to lead to waste and loss of product performance.” BillerudKorsnäs Technical Service Director Mikael Peterson said, “If producers and users of paper bag packaging follow the recommendations and guidelines, and implement these norms in their supply chain - efficient and effective packaging manufacturing, filling, handling, storage and transport of the finished goods will be secured. As an industry we will reduce waste significantly, making a major contribution to saving our planet.”
Germany: Schwenk Zement has announced plans for the production of sustainable aviation fuel (SAF) from cement kiln CO2 emissions. The World Ethanol and Biofuels Report has reported that Schwenk Zement’s integrated 1.0Mt/yr Allmendingen, Baden-Württemberg plant will receive a pilot SAF plant in late 2020.