Cement Americas

FALL 2017

Cement Americas provides comprehensive coverage of the North and South American cement markets from raw material extraction to delivery and tranportation to end user.

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www.cementamericas.com • Fall 2017 • CEMENT AMERICAS 9 CEMENTSCOPE C O N T R O L T H E H E A T Reliable Start-to-Finish Refractory Solutions For more than a century, Plibrico has focused on turnkey refractory solutions for demanding thermal applications. As your single-source for high-quality refractory materials and proven construction services, we have the knowledge to safely oversee your heat containment project from concept to completion. Refractory solutions from one single source. ca@plibrico.com www.plibrico.com Quality Refractory Materials Expert Engineering and Design Experienced Installation and Repair As a result of the consolidation of Ital- cementi, revenue and result from cur- rent HeidelbergCement operations before depreciation and amortization increased significantly in the second quarter of 2017. Group revenue rose by 29 percent to €4,611 million ($5.45 billion). The result from current opera- tions before depreciation and amorti- zation improved by 22 percent to €964 million ($1.14 billion). After deprecia- tion and amortization, the result from current operations rose by 14 percent to €683 million ($807 million). On pro forma basis, revenue increased slightly. However, the result from current operations before and after depreciation and amortization declined slightly by 1 percent and 3 percent, respectively. Cost inflation and a decline in sales volumes due to fewer working days as well as bad weather were almost offset by successful price increases and the realization of syn- ergies. In California, weather-related production problems prevented a more significant improvement in results. "In the light of the difficult general conditions, we achieved a good result in the second quarter," said Dr. Bernd Scheifele, chairman of the managing board. "We were able to almost off- set the effect of higher energy costs, bad weather conditions, fewer work- ing days, and increased competition in some emerging countries. The syn- ergies from the Italcementi acquisition are clearly visible in the results. Thanks to the ongoing refinancing of our maturities at more favorable terms, we The World Cement Association announced the dates for the WCA General Assembly and World Cement Con- ference, which will be organized in association with the industry's conference leaders INTERCEM. The events will be held Dec. 11-12 in London at Le Méridien Piccadilly. This top-level conference will focus on key future strategies and approaches for the cement and allied industries, delivered by leading authorities. Topics will include economics, energy, sustainability, cyber securi- ty, competition, regulations, CSR, market outlook and forecasts. There will be a reception held on the evening of Dec. 11 for all delegates, and the proceedings will be concluded with a networking event and Gala Dinner on Dec. 12. For more information, visit worldcementassociation.org. WCA Announces General Assembly, Cement Conference HeidelbergCement Revenue Up 29 Percent in Q2 2017 could further improve the financial result and thereby make an import- ant contribution to the further rise in our cash flow. All in all, we have again increased the group share of profit for the period despite the challenging environment." Sales volumes of HeidelbergCe- ment's building materials rose substantially as a result of the Italcementi consolidation. On a pro forma basis, sales volumes declined slightly. The group's cement and clinker sales volumes increased by 47 percent to 32.8 million metric tons (Mt) as a result of the acquisition. On a pro for- ma basis, sales volumes declined slightly by 1 percent. In the first half of 2017, cement and clinker sales volumes rose as a result of the consolidation by 52 percent to 60.7 Mt (previous year: 39.9).

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