By Christoph Steitz
HEIDELBERG, Germany -Heidelberg Supplies could should shut down vegetation in Germany on account of hovering vitality prices, with the invoice for gasoline and energy for the world’s No. 2 cement maker seen reaching greater than 3 billion euros ($2.9 billion) this yr, it stated.
“If energy costs gained’t come down sustainably, we must take particular person vegetation in Germany utterly off the grid. That’s what we now have ready for,” Chief Govt Dominik von Achten informed reporters on the group’s headquarters on Tuesday.
The corporate — previously often called HeidelbergCement — is shifting manufacturing to days when energy costs are decrease, together with in the course of the weekend, von Achten stated, including that this was a testomony to employees’ flexibility.
Shifting manufacturing days to the weekend requires workers at a few of Heidelberg’s European cement vegetation to not are available in in the course of the working week, von Achten stated. He stated this required ongoing discussions with labour unions.
Within the wake of exploding energy costs, Heidelberg Supplies expects its vitality invoice to climb by half, or round 1 billion euros in 2022, up from 2.1 billion final yr, Chief Monetary Officer Rene Aldach stated.
To melt the blow, the group referred to as for a cap on gasoline and energy costs to guard jobs and manufacturing in Europe’s largest economic system, which has been hit badly by hovering gasoline costs because it trusted Russia for greater than half its gasoline.
Aldach stated the corporate was hedged to a sure stage in opposition to excessive energy costs, and stated these hedges have been defending the group in opposition to the complete power of costs of 300 euros-500 euros per megawatt hour in the course of the subsequent three quarters.
Requested about gas switches, Aldach stated a few of Heidelberg Supplies vegetation have been already in a position to run on different fuels, which can embody wooden pellets, at 80-90%.
($1 = 1.0435 euros)
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