HeidelbergCement has increased its estimate for benefits from the planned takeover of Italcementi.
The makers of building materials are focused on reducing costs and boosting efficiency with investments on hold in much of the world due to an uncertain global economic outlook.
HeidelbergCement responded to the market uncertainty in July when it agreed to take control of Italcementi in a deal that valued the company at US$7.3 billion.
Shares in HeidelbergCement have grown 3.5%. They have remained flat since the Italcementi acquisition was announced, compared with a 14% drop of LafargeHolcim over the same period.
Traders said the raised synergy target offset a lower sales outlook for 2015.
WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.
World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.
Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.
There is no shortage of challenges when it comes to any cement silo cleanout project. Mole•Master Services Corporation was contracted to resolve a number of issues at a large cement producer in northeastern Missouri, US.
