Cement News tagged under: Corporate
Cemex seeks to refinance some bank debt04 September 2014, Published under Cement NewsCemex said Wednesday it is negotiating with a number of banks to refinance part of its outstanding bank debt, saying hopes to finalise the pact by the end of October. In a regulatory filing, the Mexican cement major said it is in advanced talks with a group of banks aimed at reaching a new agreement by 31 October 2014. Proceeds would be used to refinance part of an existing financing agreement with banks. Cemex refinanced around US$15bn in bank debt during the 2009 global crisis, and ... |
Malaysia: cement division boosts YTL full-year profit04 September 2014, Published under Cement NewsMalaysia-based YTL Corp posted a 20.8 per cent rise in full-year attributable profit to MYR1.539bn (US$485.7m) to the end of June 2014, largely driven by a good performance by its cement division. "The jump in net profit was contributed mainly by our cement business, which saw better performance in the concrete and quarry segments, as well as the net fair value gain on investment properties recorded by our real estate investment trusts (REITs), YTL Hospitality REIT in Malaysia and Sta... |
CRH03 September 2014, Published under Cement NewsCRH's first-half turnover advanced by four per cent to EUR8324m and EBITDA improved by 27.2 per cent to EUR505m. The trading profit jumped from EUR41m to EUR171m and after a net interest charge 2.7 per cent higher at EUR150m, the pretax result went from a loss of EUR71m to a EUR61m profit. The net attributable result went from a EUR57m loss to a EUR46m profit. Net debt at the end of June was 11.6 per cent lower at EUR3703m, giving a gearing level of 39.9 per cent, which compares with 38.8 pe... |
Vicat03 September 2014, Published under Cement NewsVicat's first-half turnover increased by 6.1 per cent to EUR1217.8m, which amounts to a 10.8 per cent advance on a comparative basis. EBITDA was ahead by 3.1 per cent to EUR207.7m and the margin narrowed from 17.5 per cent to 17.1 per cent. The trading profit, however, improved by 9.4 per cent to EUR115.2m, an underlying increase of 15.8 per cent. After a net financial charge 38.2 per cent higher at EUR29.7m and a 20 per cent decline in the income from associates to EUR1.7m, the pretax profi... |
Cimpor03 September 2014, Published under Cement NewsCimpor's first-half turnover showed a 4.4 per cent decline to EUR1243.1m, but at constant exchange rates there was a 22 per cent increase, while EBITDA did improve by 1.6 per cent to EUR288.7m in spite of negative currency movements amounting to 37 per cent in the case of Argentina, 17 per cent for South Africa and 15 per cent for Brazil. The trading profit increased by 11.6 per cent to EUR197.3m and after a 22.6 per cent decline in the net financial charge to EUR176.5m led to a pretax profi... |
Buzzi Unicem03 September 2014, Published under Cement NewsBuzzi Unicem's first-half turnover improved by 2.7 per cent to EUR1180.7m and EBITDA rose by 27.7 per cent to EUR138.5m. The depreciation and impairment charges include EUR30.9m in respect of writing off the goodwill in the Ukraine. The first-half trading profit recovered from EUR3.1m to EUR14.1m and the interest charge declined by 1.2 per cent to EUR47m and the pretax loss was reduced from EUR26m to EUR11.1m. After a tax charge 9.1 per cent higher at EUR9.7m and a minorities charge 25.3 pe... |
Cemex03 September 2014, Published under Cement NewsCemex Latam Holdings is to invest around US$340m in building an additional cement works in Colombia. The new cement works will be built in the Antioquia department, which is enjoying good economic growth. The first phase will include a grinding centre and should be completed during the second quarter of next year. The second, and final, phase is scheduled for completion during the 2H16. When completed, it should take company's Colombian cement capacity from around 4.5Mta to just under 5.5... |
Lafarge03 September 2014, Published under Cement NewsLafarge's 89 per cent-owned subsidiary Heracles General Cement Company has announced a 9.3 per cent increase in turnover to EUR123.4m for the first six months of 2014 and EBITDA loss was reduced from EUR118.5m to EUR4.1m. The net loss after tax declined from EUR108.8m to EUR17.5m. Heracles' cement volumes increased by 11.7 per cent during the period as domestic deliveries showed a strong recovery from very low levels. |
Holcim03 September 2014, Published under Cement NewsHolcim's Siggenthal works, its largest in Switzerland, has restarted cement production with an activated carbon filter following the damage caused to the previous filter in February, since when the 55m high building had to be temporarily replaced by the plant’s conventional gas cleaning systems, allowing continued production during the repairs. |
China National Building Materials (CNBM)03 September 2014, Published under Cement NewsDisappointing growth in investment in China, particularly in real estate development, has resulted in a significant slowdown in cement demand in the first half of 2014. As a result, cement prices also took a tumble in the second quarter. For China National Building Materials (CNBM), the first six months of this year have seen only marginal growth in demand with sales volumes of cement and clinker increasing from 124Mt in 1H13 to 133Mt in 1H14. Revenue over the same period rose from CNY50.... |