Rock Products

FEB 2019

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78 • ROCK products • February 2019 HeidelbergCement announced that it has made good prog- ress with the acceleration of its portfolio optimization during the past weeks. The company closed the divestment of its 50 percent share in Ciment Québec and its minority par- ticipation in Syria in December 2018. In addition, a former cement plant area within the Cairo metropolitan area has been auctioned, and the divestment of the Ukrainian business has been signed. Closing of the latter transactions is expected to occur in 2019. All these divestments together have a total value exceeding €150 million ($172 million), and will have a slightly pos- itive effect on operating EBITDA in 2019 compared with 2018. "We deliver on our action plan and have accelerated our efforts to improve our portfolio and generate cash in order to speed up deleveraging," said Dr. Bernd Scheifele, chairman of the managing board of HeidelbergCement. "For 2018, we expect to realize about €500 million in disposal proceeds and we are well on our way to reach our target of €1.5 bil- lion by the end of 2020. We remain committed to improving shareholder value and maintaining a solid investment grade rating." At HeidelbergCement's Capital Markets Day in summer 2018, the company announced its goal to reduce complexity and risk by disposing of non-core businesses, market positions with high risks or limited growth potential and idle assets. The original target was to generate proceeds from disposals in the range of €1 billion to €1.5 billion in the three-year period from 2018 to 2020. When the Q3 2018 earnings report was released in November 2018, HeidelbergCement announced an action plan to drive earnings and cash flow generation. As part of this action plan, the company intends to accelerate disposals and review fur- ther divestment potentials with the goal to reach or even exceed the upper end of the target range set at the Capital Markets Day. HeidelbergCement Accelerates Efforts on Portfolio Optimization Continental Cement Co.'s Hannibal, Mo., cement plant recently earned the U.S. Environmental Protection Agency's Energy Star certification, which highlights the plant's status within the top 25 percent of cement operations in the nation with regard to energy performance. "Continental Cement Company is pleased to accept EPA's Energy Star certification in recognition of our energy effi- ciency efforts," said Matt Helms, plant manager. "Through this achievement, we have demonstrated our commitment to environmental stewardship while also lowering our energy costs." Continental Cement improved its energy performance by managing energy strategically across the entire organi- zation and by making cost-effective improvements to its plants, including the Hannibal facility. Key operating char- acteristics and energy usage were identified to establish the Hannibal plant's energy baseline usage. All plant employees were encouraged to participate in an energy management program. "Improving the energy efficiency of our nation's industrial facilities is critical to protecting our environment," noted Jean Lupinacci, chief of the Energy Star Commercial & Industrial Branch. "From the plant floor to the board room, organizations are leading the way by making their facilities more efficient and earning EPA's Energy Star certification." Continental Cement Plant Earns Energy Star Status LafargeHolcim announced that Kristin Beck will assume the role of senior vice president of supply chain for the United States. Beck has more than 23 years of experience in global supply chain and transportation management. She joins LafargeHolcim directly from Dow Chemical Co. where she has served as the director of North American road logistics since 2014. Prior to her position at Dow, she held roles of increasing responsibility, including program man- ager-logistics at Insight Corp. and senior account leader at Schneider Logistics. Beck earned a bachelor's degree in industrial science from Central Michigan University and is a certified Six-Sigma Green Belt. Additionally, she holds certifications as QS/ISO Quality Manager and Internal and External Auditor from the LafargeHolcim Announces New Supply Chain Executive

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