Hints and tips:
...Cement production alone is blamed for generating about 2.5bn tonnes of carbon dioxide alone a year. There hardly seems to be a construction business that isn’t investing in being cleaner....
...The cement manufacturer, Hanson UK, is working with Swansea University to replace natural gas with green hydrogen in burners at its plant in Port Talbot in southern Wales while chemicals group, Ineos, is...
...The demonstration, said Iain Walpole, environmental sustainability manager at Hanson UK, is to prove “can we produce a product that is still cement” using hydrogen....
...Japan went out of its way to praise the Aukus deal since it would cement Britain’s eastward tilt. Amid all this, Bob Woodward’s latest book, Peril, has landed with a thump....
...Another legacy of cement consolidation is Heidelberg’s leverage; net debt was close to three times ebitda at the end of last year. The Hanson deal pushed net debt to 6.5 times ebitda....
...At Hanson UK’s Ketton Cement Works in the east Midlands, a 12 megawatt solar farm on a former quarry provides 10 to 15 per cent of the power required....
...The problem for the world’s second-largest cement maker is that trends are broadly negative....
...Wincanton has recently won contracts with the concrete maker Hanson and to fulfil e-commerce orders for Majestic Wine....
...And Gordon White, who was to help build the Hanson conglomerate, was not the only business leader to deploy company funds to support his passion for racehorses....
...Buying Hanson was a terrible deal in many respects....
...The German company will buy an initial 45 per cent stake held by Italy’s Pesenti family in a deal that values the Italian cement maker’s equity at €3.7bn....
...The proposed deal is HeidelbergCement’s largest since the £8bn acquisition in 2007 of UK rival Hanson....
...The announcement caps a dramatic recovery for the group since it was saddled with €14.7bn of net debt after the ill-timed £8bn acquisition in 2007 of UK rival Hanson....
...Hanson building products is being sold as Heidelberg focuses on its core activities, the production and distribution of cement and aggregates, the raw materials used to make concrete....
...That could well pass as the European cement industry’s motto, beset as it is by woeful overcapacity....
...The Hanson deal was indicative of a wider hubris at that time in the construction industry....
...The building materials market, after waves of consolidation, is dominated by just four large companies in the UK – Lafarge Tarmac, Holcim, Mexico’s Cemex and Hanson – down from nine listed producers in the...
...Lafarge Tarmac, the UK joint venture of the French-listed cement company, and HeidelbergCement’s Hanson, the UK unit of the German producer, were both told on Tuesday that they would need to sell off one...
...Lafarge Tarmac, the UK joint venture of the French-listed cement company, and HeidelbergCement’s Hanson, based in Germany, both believe the watchdog failed to properly consult materials suppliers when it...
...Overall sales of aggregates, concrete and cement fell 9 per cent in 2012. Hanson said the retrenchment was a result of industry-wide conditions, rather than any company-specific problems....
...Lafarge and Tarmac’s hopes have been further complicated by an additional industry-wide investigation by competition authorities – taking in Hanson, now owned by Heidelberg, of Germany; Aggregate Industries...
...HeidelbergCement embarked on the expensive acquisition of UK rival Hanson three years ago, a move that left the group with €14.7bn in net debt....
...Subsequently, the cement maker asked its main shareholder for two large capital injections to stay afloat....
...) acquisition of British rival Hanson....
...Just a year ago, Adolf Merckle, the German cement maker’s majority shareholder, committed suicide amid a seemingly unavoidable collapse of his heavily indebted industrial empire....
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