HeidelbergCement Renews Sustainability Commitment

HeidelbergCement announced the launch of Sustainability Commitments 2030, the six-point successor to its current Sustainability Ambitions 2020 program. Sustainability Commitments will center on reducing carbon dioxide emissions 30 percent from 1990 levels; steering 80 percent of the research & development budget to sustainable products; increasing natural resource substitution with by-products or recycled materials; and eliminating lost-time accidents.

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Cemex Sells Remaining GCC Shares

Cemex announced that it sold a 9.47 percent direct interest in Mexico-based Grupo Cementos de Chihuahua (GCC) for approximately $168 million, which will be used mainly for debt reduction and general corporate purposes. The company continues to have a 20 percent indirect interest in GCC through CAMCEM, an entity that owns a majority interest in GCC and in which Cemex…

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HeidelbergCement Reports Positive Q3 Results

HeidelbergCement’s revenue rose 4 percent on a comparable basis in the third quarter of 2017. The result from current operations before depreciation and amortization improved by 5 percent. After depreciation and amortization, the result from current operations grew by 7 percent. Besides the growth in sales volumes and price increases in important core markets, the realization of synergies in particular…

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