HeidelbergCement AG (HEIG.DE)
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.
FRANKFURT Cement maker HeidelbergCement on Monday said it would deliver proceeds of about 500 million euros ($573 million) in asset sales in 2018, putting it on track for 1.5 billion in planned disposals by the end of 2020.