HeidelbergCement cuts debt, strengthens core units toward 2020

Sources: HeidelbergCement AG, Germany; CP staff

Lehigh Portland Cement parent HeidelbergCement envisions $1.8 billion to $2.4 billion in acquisitions over the next three years, backed by $1.2 billion to $1.8 billion in non-core asset sales, plus savings realized from continuous efficiency improvements across global cement, aggregates and ready mixed concrete businesses. Driving those improvements are digital platform implementation in operations, maintenance, logistics and purchasing. 

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HeidelbergCement upbeat on 2017 outlook amid key-market strength, Italcementi gains

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Completion of a $4 billion merger involving Essroc Cement Corp. and sister Italcementi S.p.A. businesses, improved financials and credit ratings, plus declining energy costs, support especially positive investor guidance for the parent company of Lehigh Hanson, Inc. “2016 was an exceptional year,” affirms HeidelbergCement AG Chairman Dr. Bernd Scheifele. “With the successful takeover of Italcementi, we have accelerated our growth and are now in an excellent strategic position.”

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HeidelbergCement upbeat on Italcementi integration, 2017 outlook

Sources: HeidelbergCement AG, Germany; CP staff

Completion of a $4 billion merger involving Essroc Cement Corp. and sister Italcementi S.p.A. businesses, improved financials and credit ratings, plus declining energy costs, support especially positive investor guidance for the parent company of Lehigh Hanson, Inc. “2016 was an exceptional year,” affirms HeidelbergCement Chairman Dr. Bernd Scheifele. “With the successful takeover of Italcementi, we have accelerated our growth and are now in an excellent strategic position.”

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Argos’ art of the nine-figure deal

By Don Marsh

Colombia-based Argos S.A. demonstrates in its latest investment the credit facilities and drive to build multiple U.S. cement and concrete platforms, perhaps competing for acquisitions with expansion-minded peers on the order of Oldcastle Materials and Summit Materials.

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Argos secures Mid-Atlantic market presence in $660M Essroc mill, terminal deal

Sources: CP staff; HeidelbergCement AG, Germany

A major transaction key to the merger of Lehigh Cement Co. and Essroc Cement Corp. parent companies, HeidelbergCement and Italcementi S.p.A., is scheduled for a fourth quarter closing and subject to U.S. Federal Trade Commission approval. Per a definitive agreement HeidelbergCement announced on August 18, Argos USA LLC will acquire Essroc’s Martinsburg, W.Va., cement plant and seven terminals in Virginia, Maryland and Pennsylvania, plus a Lehigh terminal in upstate New York.

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Awaiting FTC and EC word, Heidelberg maps initial Italcementi integration plan

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To advance a proposed merger with mid-year target, HeidelbergCement AG Chairman Dr. Bernd Scheifele reviewed moves to restructure Italcementi S.p.A. operations, principally at Bergamo, Italy, headquarters and affecting upward of 400 employees through 2020; consolidate global research and development activities at Italcementi’s ultra-modern i.Lab, a Bergamo facility dedicated in 2013; and, maintain the Italcementi brand plus home base plants and industrial network.

 
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Heidelberg Cement’s Italcementi plan secures Canadian, nears U.S. regulator nods

Sources: HeidelbergCement AG, Heidelberg, Germany; CP staff

Lehigh Hanson Inc. and Essroc Cement Corp. integration is one step closer as the merger of parent companies HeidelbergCement and Italcementi S.p.A. paces a scheduled mid-summer closing. During the HeidelbergCement 2016 General Meeting, May 4 in Heidelberg, management informed shareholders of Competition Bureau of Canada approval and impending U.S. Federal Trade Commission clearance of a combined Lehigh Hanson and Essroc Cement business.

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Heidelberg maps Italcementi integration for home turf, mum on North America

iLab 150

Sources: HeidelbergCement AG, Heidelberg, Germany; CP staff

Advancing a proposed merger with mid-year target, HeidelbergCement Chairman Dr. Bernd Scheifele announced plans to restructure Italcementi S.p.A. operations, principally at its Bergamo, Italy, headquarters and affecting upward of 400 employees through 2020; consolidate global technical activities at Italcementi’s i.Lab Research & Innovation Centre, a Bergamo facility opened in 2013; and, maintain the Italcementi brand plus homebased plants and industrial network.

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