Group Services comprises the activities of our subsidiary HC Trading, one of the largest international trading companies for cement, clinker, solid fuels, and other building materials. HC Trading’s main task is to optimise the utilisation of our cement plants by helping to match international supply and demand. HC Trading also purchases solid fuels (coal and petroleum coke), which it delivers via sea routes to our own cement plants as well as to other cement companies around the world.
With employees from 30 countries, the trading network of HC Trading consists of 15 locations at key strategic sites worldwide. Following the acquisition of Italcementi, we expanded this network in 2016 by integrating the activities of Interbulk Trading.
In 2016, more than 1,100 shipments were conducted via the main sea routes of Asia, the Mediterranean Basin, and Continental Europe to their destinations in Africa, Southeast Asia, and North America. Thanks to the high level of expertise of its in-house shipping department in enhancing logistical capabilities, HC Trading is able to respond quickly to customer requirements even in changing market conditions.
Since the acquisition of Italcementi, Group Services has also comprised several activities in Saudi Arabia and Kuwait. While we operate two ready-mixed concrete plants in Saudi Arabia, we have eight plants in Kuwait, making us one of the major players in the ready-mixed concrete industry in the country. We also operate two cement import terminals in Kuwait.
Financial Key Figures 2016
Revenue in €m
1,078 Result from current operations before depreciation and amortisation in €m 19