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HeidelbergCement completes acquisition of 45% stake in Italcementi


HeidelbergCement AG (“HeidelbergCement”) completed the acquisition of a 45% shareholding in Italcementi S.p.A. (“Italcementi”) from Italmobiliare S.p.A. (“Italmobiliare”). All conditions for the closing of the transaction have been fulfilled following the approval by the relevant competition authorities.

“Today’s closing is an important milestone in the history of HeidelbergCement,” says Dr. Bernd Scheifele, Chairman of the Management Board. “By adding Italcementi to our Group, we are considerably strengthening our global footprint and innovation capabilities. We see significant potential for value creation with the realisation of synergies and by learning from each other’s best practices. From now on, we will focus all our efforts on the integration of Italcementi into our Group.”. 



Suez Cement and CARE Egypt to inaugurate renovated schools to improve Learning Environment through Community Engagement in Minya

Minya – 12 May, 2016. Under the auspices of the Governor of Minya, his Excellency, Major General Tarek Nasr, Helwan Cement Company (HCC), subsidiary of Suez Cement Group of Companies, and CARE International in Egypt are to celebrate the inauguration of three renovated schools in Minya (Beni Khaled preparatory school, Beni Khaled El-Hadeetha primary school, Deir Gabal El Teer preparatory school). The General Director of the Non-Governmental Organizations engagement Unit in the Ministry of Education, Mrs Randa Halawa, and other representatives from the Ministry will also join in the celebration as key partners to the project.  




SCGC marks World Health and Safety Day through series of road safety awareness-raising activities


All over April 2016 Suez Cement Group of Companies has implemented series of road safety awareness-raising activities as part of its celebration of the UN World Day for Safety and Health at Work to ensure the importance of continued promotion of preventive health and safety culture.  



Serving 73 thousand patients, Misr El-Kheir and Suez Cement Company launch emergency department in Helwan hospital

Cairo, February 18, 2016.
Misr El-Kheir Foundation, in cooperation with Helwan Cement and Tourah Cement, subsidiaries of Suez Cement Group of Companies (SCGC), opened today (Thursday) the emergency department in Helwan Public Hospital after renovating the department's infrastructure.





HEIDELBERGCEMENT AND ITALCEMENTI TO CREATE THE SECOND GLOBAL PLAYER IN THE CEMENT SECTOR, LEADER IN THE AGGREGATES BUSINESS AND THE THIRD IN READY-MIXED CONCRETE.

Italmobiliare and HeidelbergCement, following the agreement regarding the sale to HeidelbergCement of Italmobiliare’s 45% stake held in Italcementi, have decided to play an active role in the ongoing consolidation of the construction materials industry by creating the second global player in the cement sector, leader in the aggregates business and the third in ready-mixed concrete. The rationale of this combination is further supported by a perfect geographical fit with HeidelbergCement’s existing footprint - with limited overlap of plants in Belgium and the US – by the significant potential for synergies and the combination of strong Innovation and R&D capabilities of both companies. The combined group will have a production capacity of about 200 million tons of cement, 275 million tons of aggregates sales and 49 million m3 of ready-mix concrete sales with pro-forma 2014 revenues of about €16.8 billion, generated in more than 60 countries worldwide. 


Group News
01/07/2016HeidelbergCement has completed the acquisition of a 45% stake in Italcementi from Italmobiliare
12/04/2016Italcementi Group 2015 Annual Report provides financial statements and Sustainability Disclosure
07/04/2016American Jennifer Siegal wins the 4th arcVision Prize – Women and Architecture
08/03/2016The 4th edition of arcVision Prize – Women and Architecture is underwayThe winner will be unveiled next 7 April
10/09/2015From the "Opening" of Palazzo Italia to the international market: biodynamic cement is now a global product

Our Environment Policy

Suez Cement believes in being environmentally conscious and protecting its surroundings. The Company has continuously invested towards a cleaner Egypt with a long-time commitment towards being environmentally responsible. 
Our proactive approach is focused on prevention and mitigation of any potential environmental impact and preservation of natural resources in the development and management of its production facilities.  

 

 

Our Safety Policy

Suez Cement partners with ILO to  launch a multimedia advocacy campaign “Salamtak Bel Donia” to promote a safety culture in the cement industry.


Highlights

Revenues
Revenues

6,152 M EGP
5,049 M EGP

EBITDA
EBITDA

1,154 M EGP
1,061 M EGP

Operating income
Operating income

743 M EGP
720 M EGP

Employees

3,468


As at 31.12.2014

As at 31.12.2013

The figures are consolidated ones (not stand alone)


TV SPOT Suez Cement Group of Companies

 

Sustainability Policy

 


CSR Industrial Leaders of Egypt Booklet V1

 
 

SCGC Brochure



 
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Last update 20/07/2016 13:59:50  UTC