HeidelbergCement disagrees with the European Commission’s decision to veto the takeover of Cemex Croatia by Duna Drava Cement, a joint venture between the HeidelbergCement and Schwenk Zement, and will carefully review its options going forward.
The European Commission has officially vetoed the proposed takeover of Cemex Croatia by Duna Dráva Cement, a joint venture between HeidelbergCement and Schwenk Zement.
HeidelbergCement hopes continuous improvement programmes will help to offset an expected rise in fuel, raw materials and personnel costs in 2017.
The consolidation of Italcementi following its takeover by HeidelbergCement proceeded faster that anticipated in 2016 with anticipated synergy savings now hitting €470 million.
HeidelbergCement has announced a 13.2% increase in revenues in 2016, following its takeover of Italcementi.
HeidelbergCement has appealed a decision by the European Commission to open an investigation into the purchase of Cemex Croatia by its subsidiary, Duna Dráva Cement.
CNBM subsidiary, CTEIC, is to supply turnkey services for a coal transportation project at the Shymkent cement plant in Kazakhstan.