HeidebergCement reported a 4% rise in second quarter revenue as sales volumes grew across all product lines.
HeidelbergCement Georgia has ceased production on one of its kiln lines, as domestic production is undercut by low-cost Iranian imports surge.
Bangladeshi electricity generator, Meghna Energy, it to be merged with HeidelbergCement Bangladesh, as HeidelbergCement streamlines its holdings in the country.
Lehigh Hanson’s Speed cement plant in Indiana is likely to stop production after the completion of the US$600 million expansion of the nearby Mitchell cement plant.
HeidelbergCement reported an improvement in its occupational safety performance in 2017 in its latest Sustainability Report, although its environmental performance deteriorated on the back of the integration of Italcementi.
HeidelbergCement will use digitalisation, improvements in core markets, and asset sales to boots its free cash flow generation.
The Global Cement and Concrete Association has named Albert Manifold as its first President, supported by CEMEX’s Fernando A. González and CNBM’s Jianglin Cai.
Duna-Dráva Cement is investing significantly in reducing the environmental impact of its Vác cement plant, including the installation of a new bag filter.