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HeidelbergCement shares nine-month trading report 07 November 2019
Germany: HeidelbergCement’s sales in the first nine months of 2019 were Euro14.3bn, up by 7.0% from Euro13.4bn in the corresponding period of 2018. It reached its savings target for sales and general administration costs of Euro100m 15 months ahead of schedule and cut net debt by Euro1.1bn. Bernd Scheifele, chairman of the managing board of HeidelbergCement, said “Price increases and strict cost discipline more than compensated for slightly weaker demand in the third quarter.”
Sweden: Construction and engineering conglomerate Peab’s subsidiary Swecem has engaged German-based Gebr. Pfeiffer for the supply of one MVR 2500 C-4 grinding mill at its granulated blast furnace slag (GBFS) grinding plant in Oxelösund in Södermanland. The mill has four grinding rollers and a table diameter of 2.5m, giving it a 25t/hr slag grinding capacity.
Swecem operates a concrete plant in Kungsängen. It currently uses ground granulated blast furnace slag (GGBFS) supplied by Irish-based Ecocem’s 0.7Mt/yr Dunkirk grinding plant in France.
Titan Cement records US$1.2bn nine-month turnover in 2019 07 November 2019
Greece: Titan Cement has increased its nine-month turnover by 9.7% year-on-year to US$1.21bn to 30 September 2019 from US$1.10m in the corresponding period of 2018. Net profit after tax fell by 9.9% year-on-year to US$45.3m from US$50.2m. The company noted progressive sales momentum growth throughout the period, with profitability in all regions except the Eastern Mediterranean, and projected further growth with the continued recovery of markets in Southeastern Europe.
Solidia Technologies partners with Xpansic CBL Holding Group for cement CO2 monitoring 07 November 2019
US: Solidia Technologies has partnered with Xpansic CBL Holding Group (XCHG) to develop data technology products for precise measurement of CO2 emissions and water usage in cement production. “Digital Feedstock enables industrial consumers to seamlessly connect sustainability ambitions with procurement decisions, wholly disrupting the way the cement industry meets consumer demand for accountability,” said Solidia Technologies CEO Tom Schuler.
Solidia Technologies produces reduced-CO2 concrete with lower-energy cement and water-free CO2 curing.
Japan: Sumitomo Osaka Cement has recorded sales of US$1.10bn in the six months to 30 September 2019, down by 0.9% from US$1.11bn in the corresponding period of 2018. In spite of this, as well as high fuel costs and an upgrade to its Shimizu cement terminal during the period, it increased its six-month profit by 7.5% to US$57.8m in the six months to 30 September 2019 from US$53.8m in the corresponding period of 2018.