Boosted by the full-year integration of Italcementi into its results, HeidelbergCement reported record sales volumes and revenues in 2017.
Weak demand in Egypt and margin pressure in Sub-Saharan Africa marked HeidelbergCement’s results in Africa in 2017.
HeidelbergCement’s Asia-Pacific business showed signs of stabilisation in 2017 with demand strengthening through the year.
Growth in Northern and Eastern Europe offset a more mixed set of results from Western and Southern Europe.
HeidelbergCement reported cement and clinker sales of 126 million t in 2017, as the company saw a broad-based increase in demand across its geographies.
HeidelbergCement has announced its subsidiary US company Lehigh Cement Co. LLC will sell its stake in Lehigh White Cement Co.
HeidelbergCement expects recent US tax reform to boost its net profit and cash flow from 2019, despite regulatory changes forcing significant writedown to its 2017 balance sheet.
The takeover of Cementir Italia by HeidelbergCement subsidiary, Italcementi, has completed, following regulatory approval.
HeidelbergCement has signed a three-year collaboration agreement with the European Molecular Biology Laboratory to boost research into carbon emissions reduction, avoidance, and recovery.