HOME > NEWS > Company news >

Heidelberg Cement reports progress on divestments

Date:2019-01-17 15:09     writer:admin     Views:

  Germany: HeidelbergCement says it has made good progress with its “portfolio optimisation” process. The company closed the divestment of its 50% share in Ciment Québec and its minority participation in Syria in December 2018. In addition, a former cement plant area near Cairo in Egypt has been auctioned, and the divestment of its Ukrainian business has been signed. The divestments in Egypt and Ukraine are expected to complete in 2019. Altogether these divestments will have a value of Euro150m and are expected to have a ‘slightly’ positive effect on operating earnings before interest, taxation, depreciation and amortisation (EBITDA) in 2019.

  “We deliver on our action plan and have accelerated our efforts to improve our portfolio and generate cash in order to speed up deleveraging,” said Bernd Scheifele, the chairman of the managing board of HeidelbergCement. The cement producer has a divestment target of Euro1.5bn by the end of 2020.

Inquiry You can get the price list and we will contact you within one business day!

Contact us

Active lime is produced from limestone dolomite chalk and other minerals with high calcium carbonate content by the calcination process under the temperature of 1000-1100 ° C. There are various processes for the active lime production mainly

Whatsapp:+86 17372753906 Skype:0086-25-82232507 Tel:0086-25-82232507 E-mail: Add:The Tiansheng Building 20 Layer,Yunlongshan Road No.98,Jianye District,Nanjing, P.R.China