HC Trading and Interbulk Trading have merged their operations following the acquisition of Italcementi by HeidelbergCement Group.
The merger of HC Trading and Interbulk Trading under the entity of HC Trading B.V. will provide a unique opportunity to accelerate the growth of the trading arm of the HeidelbergCement Group. The merger will carry the Group’s international trading activities, specialising in cement, clinker, coal and petroleum-coke, one step further by expanding the trade network and improving its position in the market to provide better services and more flexibility to its customers and suppliers around the world.
"We trust that by having an enlarged geographic reach as well as an expanded product portfolio, we will be able to further enhance our efficiency to better serve the market and our business partners” said Emir Adiguzel, the Chief Executive Officer of Heidelberg Cement Trading. “One of our immediate goals is to utilise idle capacity in plants that formerly belonged to the Italcementi Group in order to match the needs of our import facilities located in Africa, North America and South East Asia, thereby creating synergies and consequently adding more value to the Heidelberg Cement Group."
By consolidating the two international trading companies, the total turnover of the joint venture has reached around US$1.4 billion (based on 2015 trade volumes).
Read the article online at: https://www.worldcement.com/asia-pacific-rim/23112016/integration-of-two-international-cement-trading-companies/