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India

HeidelbergCement AG (HEIG.DE)

HEIG.DE on Xetra

66.22EUR
9:05pm IST
Change (% chg)

€-1.66 (-2.45%)
Prev Close
€67.88
Open
€67.92
Day's High
€67.92
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€66.00
Volume
1,149,902
Avg. Vol
756,073
52-wk High
€73.52
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€51.84

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Mon, Jun 17 2019

Egypt's Tourah Cement stops production due to oversupply

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.

UPDATE 2-HeidelbergCement's lacklustre dividend, outlook weigh on shares

* FY result from current operations down 9pct at 1.98 bln euros

HeidelbergCement expects moderate sales, profit growth in 2019

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.

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