Heidelberg Cement news

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.

The Italian Antitrust Authority has approved the sale of Cementir Italia to HeidelbergCement Group subsidiary, Italcementi.

HeidelbergCement has sold 50% of its Georgian business to local investment company, Cement Invest, for €115 million.

HeidelbergCement saw cement and clinker sales up 2% in 3Q17 on positive reports from all geographies except North and East Europe and Central Asia.

The Dande quarry has had to withdraw from the Quarry Life Award due to safety concerns.