Cemex Ventures Launches 2019 Startup Competition

Cemex Ventures announced the launch of its Construction Startup Competition 2019 to identify startups with the ambition to lead the transformation of the construction industry. Under the slogan “Apply. Grow. Make Your Mark.,” Cemex’s open innovation and corporate venture capital unit presents its third call, open from February 19 through April 21, 2019, to participants from around the world.

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HeidelbergCement Reports Record Sales Volumes, Revenue for 2018

HeidelbergCement announced its preliminary, unaudited figures for sales volumes, revenue, and result from current operations before and after depreciation and amortization for the fourth quarter and the whole of 2018. The company reported group revenue increased 10 percent to €4.7 billion in the fourth quarter 2018 compared to the prior-year period. Full year group revenue rose by 5 percent to €18.1 billion.

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Sullivan Predicts Cement Increases

At World of Concrete in Las Vegas, Ed Sullivan, executive vice president and chief economist for the Portland Cement Association, noted that the state of the economy is good. Sullivan’s presentation is one of the highlights of the show each year.

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HeidelbergCement Accelerates Efforts on Portfolio Optimization

HeidelbergCement announced that it has made good progress 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 participation 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.

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