HeidelbergCement AG (HEIG.DE)
23 Jul 2019
Mon, Jun 17 2019
CAIRO, June 17 Egyptian cement maker Tourah Cement, a subsidiary of Germany's HeidelbergCement , says it has suspended production because of financial distress caused by oversupply in the Egyptian market and is considering liquidation.
* FY result from current operations down 9pct at 1.98 bln euros
FRANKFURT HeidelbergCement, the world's second-largest cement maker, expects sales and profits to grow moderately, it said on Thursday, reflecting energy cost inflation and higher demand for construction materials in Indonesia, Europe and North America.
* Shares rise almost 5 pct to 4-month high (Adds details on proposed management changes)
BERLIN, Feb 19 Germany's HeidelbergCement on Tuesday reported higher-than-expected core earnings for the fourth quarter, citing solid demand for building materials and price increases.