Skip to main content

Cement sales steady in 3Q17 at HeidelbergCement

Published by
World Cement,


HeidelbergCement saw stable clinker and cement sales in 3Q17 as part of generally positive quarterly results for the German building materials giant. Cement and clinker sales volumes rose 2% to 33.7 million t, compared to 33.2 million t the year before, with strongest growth recorded in the Asia Pacific business.

Cement and clinker sales were up 4.7% in Asia Pacific at 8.67 million t. Indonesia was a particular bright spot, with the market there showing significant recovery on the back of increased construction activity in the infrastructure sector. Cement and clinker sales were up 5.2% as a result, although prices suffered on greater levels of competition.

Elsewhere, cement and clinker sales grew in all geographies, except North/East Europe and Central Asia, where sales were down 1.7%.

In North America, HeidelbergCement sold 4.73 million t, an increase of 2.1%. In Western and Southern Europe, cement sales were up 1.8% at 7.46 million t. In Africa-Eastern Mediterranean Basin, sales were up 3.3% at just under 5 million t.

Year-to-date, sales volumes were up substantially on the consolidation of Italcementi into HeidelbergCement’s results. Cement and clinker volumes were up 29.2% at 94.4 million t with deliveries showing an improvement in all group areas.

Incorporating Italcementi figures for 1H16 into the results, however, and cement and clinker sales were level with the previous year.

Company revenue was up 4% to €4.61 billion on a like-for-like basis, while earnings were up 7% to 1.06 billion, beating analysts’ expectations. The company also said it had beaten its synergy target from the Italcementi acquisition with €409 million realised as of 3Q17, compared to a total target of €470 million by the end of 2018.

Read the article online at: https://www.worldcement.com/africa-middle-east/08112017/cement-sales-steady-in-3q17-at-heidelbergcement/

You might also like

 

 WCT2021

WCT2021

At WCT2021 you will hear from a range of industry leaders and technical experts as they discuss the key challenges facing the cement industry and the latest solutions on offer. Register for free today »

 

Getting the measure of things

Felix Bartknecht, Ferdinand Kaschewski, and Sriparthan Sriraman, SICK, consider the best solutions for monitoring the status and health of kiln inlet process gas analysis systems in order to achieve the highest plant availability and product quality.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Heidelberg Cement news