HeidelbergCement launch FOX13
Company announces start of three-year financial and operational excellence programme
ON Monday (10 Jan 2011) HeidelbergCement announced the launch of their new three-year financial and operational excellence programme – FOX 2013. During the next three years, the company aims to achieve total cumulated cash savings of €600 million, comprising savings of €200 million in 2011, €160 million in 2012 and €240 million in 2013.
‘The continued and consistent focus on cash and cost is a key success factor of our company strategy,’ explained Dr Bernd Scheifele, CEO of HeidelbergCement. ‘Building on our strong cost and efficiency track record in recent years, we have bundled several cash- and cost-saving projects in our new three-year financial and operational excellence programme, FOX 2013.’
According to Dr Scheifele (pictured), the main focus of the programme will be on global efficiency improvements for the company’s core activities – aggregates and cement.
For cement production, HeidelbergCement are looking to achieve a sustainable reduction in energy costs through the OPEX programme (Operational Excellence). In its aggregates business, the company aims to achieve sustainable margin improvements and best practice through comprehensive global benchmarking and portfolio optimizations.
‘We are already the global market leader in aggregates by sales volumes, but now we also want to become the most efficient aggregates producer in the world,’ said Dr Scheifele. ‘In addition, we plan to further reduce our financing cost and have already laid the basis for this in November 2010 with the reduction of the credit margins for our €3 billion revolving credit facility.’
ON Monday (10 Jan 2011) HeidelbergCement announced the launch of their new three-year financial and operational excellence programme – FOX 2013. During the next three years, the company aims to achieve total cumulated cash savings of €600 million, comprising savings of €200 million in 2011, €160 million in 2012 and €240 million in 2013.
‘The continued and consistent focus on cash and cost is a key success factor of our company strategy,’ explained Dr Bernd Scheifele, CEO of HeidelbergCement. ‘Building on our strong cost and efficiency track record in recent years, we have bundled several cash- and cost-saving projects in our new three-year financial and operational excellence programme, FOX 2013.’
According to Dr Scheifele (pictured), the main focus of the programme will be on global efficiency improvements for the company’s core activities – aggregates and cement.
For cement production, HeidelbergCement are looking to achieve a sustainable reduction in energy costs through the OPEX programme (Operational Excellence). In its aggregates business, the company aims to achieve sustainable margin improvements and best practice through comprehensive global benchmarking and portfolio optimizations.
‘We are already the global market leader in aggregates by sales volumes, but now we also want to become the most efficient aggregates producer in the world,’ said Dr Scheifele. ‘In addition, we plan to further reduce our financing cost and have already laid the basis for this in November 2010 with the reduction of the credit margins for our €3 billion revolving credit facility.’
