HeidelbergCement Announces Board Changes

HeidelbergCement announced a succession plan that will see an early-2020 shift of executives on the managing board. Upon conclusion of his third term at the end of January 2020, Dr. Bernd Scheifele will vacate his role of chairman of the managing board, and will stand as supervisory board chair candidate in 2022. Succeeding him will be Managing Board Deputy Chairman…

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Cemex Net Sales Increase 6 Percent in 2018

Cemex announced that, on a like-to-like basis for the ongoing operations and adjusting for currency fluctuations, consolidated net sales increased by 4 percent during the fourth quarter of 2018 to $3.5 billion, and increased 6 percent for the full-year 2018 to $14.4 billion versus the comparable periods in 2017. Operating EBITDA, also on a like-to-like basis, remained flat during the…

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PCA Applauds FHWA Nomination of Nason

The U.S. Senate Environment and Public Works Committee approved by voice vote the nomination of Nicole Nason to be the administrator of the Federal Highway Administration (FHWA). The Portland Cement Association (PCA), which endorsed Nason’s nomination in a letter to the committee, urged the full Senate to move expeditiously to confirm her.

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HeidelbergCement Accelerates Efforts on Portfolio Optimization

HeidelbergCement announced that it has made good progress with the acceleration of its portfolio optimization during the past weeks. The company closed the divestment of its 50 percent share in Ciment Québec and its minority participation in Syria in December 2018. In addition, a former cement plant area within the Cairo metropolitan area has been auctioned, and the divestment of…

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