Rock Products

JUL 2018

Rock Products is the aggregates industry's leading source for market analysis and technology solutions, delivering critical content focusing on aggregates-processing equipment; operational efficiencies; management best practices; comprehensive market

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60 • ROCK products • July 2018 www.rockproducts.com HeidelbergCement Outlines New Vision 2020 Targets During its Capital Markets Day 2018 last month, Heidelberg- Cement presented its Vision 2020, updating financial targets and strategic priorities for the three-year period starting 2018. The company envisions $1.8 billion to $2.4 billion in acquisitions, backed by $1.2 billion to $1.8 billion in non-core asset sales, plus savings realized from continuous efficiency improvements across its building material businesses. Pointing to the successful integration of Italcementi, acquired in mid-2016, along with the raising of dividends to record levels, HeidelbergCement Chairman Dr. Bernd Scheifele noted, "Our model is based on the most advanced vertical integration, a simple structure focused on three core busi- ness lines and a de-centralized, lean organization with strong local teams. We have a compelling strategy in place, which clearly differentiates us from our competitors, and remain the industry leader in business excellence and cost efficiency. HeidelbergCement is well positioned to capitalize on its strengths in the current business cycle." The company intends to further improve its asset base by active portfolio management. On the one hand, it follows a selective merger and acquisition strategy to strengthen existing cement, aggregate and concrete businesses by increasing vertical integration. On the other, manage- ment seeks to reduce complexity and risk by disposing of non-core operations, market positions with high risks or limited growth potential and idle assets. Heidelberg- Cement advised Capital Markets Day participants that it anticipates organic EBITDA (earnings before interest, taxes, depreciation and amortization) growth to hover 5 percent annually through 2020. Cemex Go Hits 10K Customer Milestone Cemex announced that its digital platform Cemex Go, which simplifies and streamlines transactions with Cemex operations, has been adopted by upward of 25 percent of the company's customer base worldwide since its launch in November 2017. "Cemex Go is setting a new standard for delivering a superior customer experience in the building materials industry. We are very proud to have reached the milestone of more than 10,000 satisfied customers using Cemex Go in only seven months after its launch," said Fernando A. González, chief executive officer of CEMEX. "We will continue leading the digital transformation in our industry by applying the latest technologies for the benefit of all our customers worldwide." Through Cemex Go, users can interact with the producer any- time and anywhere via multiple devices. Customers can place orders, review their history of transactions, track shipments real-time via GPS, receive instant notifications of their order status, adjust orders, and enjoy full visibility and transparency of all needed information to better manage their business. "As a customer, it is very important to keep the kind of The World Cement Association (WCA) touted the participants at its international expert panel at the Global Climate Change Forum (GCCF), which took place in Paris, June 27-28. The event brought together CEOs and leaders of the associ- ation's member companies, as well as external analysts, to address the environmental challenges the cement industry faces and build momentum for joint action. Experts from the International Energy Agency, CDP (for- merly Carbon Disclosure Project), International Finance Corp., World Green Building Council, EPFL - University of Lausanne and Cementis came together at the GCCF to discuss how the global cement sector can contribute to a carbon-neutral built environment. "The cement industry is at a crossroads and it needs a renewed energy and sense of purpose in order to take greater initiative in fighting climate change," said Bernard Mathieu, director of the WCA Climate Program. "With these international, high-level experts, we had a stimulating discussion on how to find new ways to tackle this planet's biggest issues." The GCCF started with an opening speech by Zhiping Song, president of the WCA. The expert discussions focused on ways in which the cement industry can contribute to tackling climate change more effectively. Topics included: •  How can the global cement industry contribute to a car- bon-neutral built environment and help keep global warming to less than 2 degrees C above pre-industrial levels? •  What are the new technologies needed to reduce green- house gas emissions? •  Now that China has established the world largest CO2 trad- ing scheme, will others follow and how much will it affect the cement industry? The discussions were followed by a review of the priorities for joint action and the presentation of the WCA Climate Change Roadmap, which the CEOs and leaders of the WCA membership developed in a separate meeting. WCA Holds Global Climate Change Forum

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