Debt cut aim for Heidelberg

Heidelberg Cement is reported to be working to cut its net debt from €9.1billion to €8billion by the end of the year, according to a report in the German financial press. Heidelberg CEO Bernd Scheifele is reported to have said that he expects the company to generate a strong free cash flow in 2010 despite inflow of liquidity still being negative in H1 2010.