Debt cut aim for Heidelberg

Heidelberg Cement has reported that like for like demand for cement, aggregates and ready mixed concrete was up in the fourth quarter of 2010, compared to the same period in the previous year, despite the early start of the winter weather in Europe.This positive trend in the final three months helped the company to finish the year with a turnover of €11.8billion, up 5.8% from 2009 and a rise of 8.6% in operating income at €1.43billion."We are pleased with our Q4 results, which we realised despite an extreme

Increased sales of cement, aggregates and ready mixed concrete have helped Heidelberg Cement to record a 12.6% rise in turnover in the third quarter of this year. The company has recorded sales of €3.4billion, up from €3billion in the same period last year.

Heidelberg Cement is aiming to achieve savings of €600million over the next three years through a new operational and financial strategy branded FOX 2013."The continued and consistent focus on cash and cost is a key success factor of our company strategy," explained Heidelberg CEO Dr Bernd Scheifele. "Building on our strong cost and efficiency track record in recent years, we have bundled several cash and cost saving projects in the new three-year financial and operational excellence programme.Main focus of