Cement News tagged under: Debt Reduction
Lafarge's 2012 consolidated sales rise on higher prices, emerging markets20 February 2013, Published under Cement NewsLafarge reported a 3.5 per cent rise in consolidated sales for 2012 driven by price increases across all product lines, higher cement volumes in Latin America and Asia and favourable foreign exchange effects. For this year it sees growth in cement demand with emerging markets continuing to lead the way. The group achieved cost savings of EUR410m in the year, delivering on its cost savings target as its savings plan is gathering pace generating EUR80m of EBITDA in 2012. EBITDA and curre... |
Cemex full-year turnover eases, EBITDA improves08 February 2013, Published under Cement NewsCemex has reported its full-year 2012 results which show decline in turnover but advance in EBITDA. Net debt is reduced but interest charge and gearing rise. Cemex' turnover eased by 1.5 per cent in 2012 to US$14,983.8m, but EBITDA did improve by 10.2 per cent to US$2614.7m and the trading profit advanced by 35.3 per cent to US$1308m, having recovered by 12.2 per cent in the previous year from its low point. The net interest charge continued to rise and was ahead by five per cent to US$14... |
Taiheiyo Cement lowers gearing, Japan25 January 2013, Published under Cement NewsTaiheiyo Cement’s net debt-to-equity ratio is likely to drop to 2.4 by the end of the current fiscal, an improvement on the 2.6 from a year earlier and under 2.5 for the first time in five years. According to a Nikkei Report, in the financial year ending 31 March, Japan's leading cement producer's cash flow has improved thanks to growth in cement sales which have been bolstered by earthquake reconstruction efforts. The company has also scaled back investments and sold assets. The balan... |
Taiwan Cement Corp secures syndicated loan, Taiwan22 January 2013, Published under Cement NewsTaiwan Cement Corp (TCC) has secured a five-year oversubscribed syndicated loan of TWD14bn (US$48.29m) from 12 banks, including two Chinese lenders, the company said in a press release. TCC had planned to raise TWD12.5bn to meet its debts, long-term equity investments and operational costs, the company said in a statement issued after the signing ceremony. The six main lenders are Mega International Commercial Bank, Chinatrust Commercial Bank, Taipei Fubon Commercial Bank, Taiwan Coope... |
HeidelbergCement rises on upgrade for debt - report20 December 2012, Published under Cement NewsHeidelbergCement AG jumped the most in more than four months after MainFirst Bank AG analysts predicted the company will regain an investment-grade credit rating next year, according to a report by Bloomberg. HeidelbergCement rose as much as 5.5 per cent to 46.48 euros, the steepest intraday gain since 3 August and the biggest move today on Germany’s benchmark DAX Index. The stock, which was trading up 5.3 percent at 1:15pm in Frankfurt, has jumped 42 perc ent this year, valuing the company... |
Titan successfully concludes issuance of new EUR200m notes19 December 2012, Published under Cement NewsGreece-based cement producer Titan has successfully concluded the issuance of new €200m guaranteed notes, due in January 2017. Demand from international and domestic institutional and private investors ensured that the €100m minimum issue, as executed through the exchange of existing and issuance of new notes via the Luxembourg Stock Exchange, was oversubscribed 2.9 times. The new notes bear a coupon of 8.75 per cent, the minimum rate set in the offering. The successful conclusion of th... |
Cemex completes financial plan for 201218 December 2012, Published under Cement NewsCemex announced today the completion of its financial plan for 2012, which included several transactions to refinance and/or prepay debt scheduled to mature through 2014, thereby increasing the company’s financial flexibility and significantly reducing its refinancing risk. Under this year’s financial plan, Cemex reduced the amount of debt maturing through March 2015 to about US$650m, at currently prevailing foreign-exchange rates, of which approximately US$600m matures during the first qu... |
Maple Leaf Cement Factory on course for higher FY13 profit27 November 2012, Published under Cement NewsPakistan cement producer Maple Leaf Cement Factory, is on course to record its most highest profit in six years on the back of higher cement prices and lower interest rates to reduce loan payments. According to reports by Businessweek, earnings per share may rise to about PKR3 in the year ending June 2013, according to Waleed Tariq Saigol, a member of the company’s board of directors. EPS in the previous 12 months was PKR0.84. Maple Leaf plans to reduce its debt to PKR13bn (US$135m) in... |
Lafarge 9M12 sales increase, reduces Western Europe outlook09 November 2012, Published under Cement NewsLafarge reported a sales rise for the third quarter and year-to-date, driven by successful price increases across product lines and by growth in many emerging markets. The company has maintained its outlook for full-year market growth but lowered its outlook for Western Europe. In the third quarter alone, consolidated sales were up four per cent to €4393m while EBITDA rose six per cent to €1071m. Current operating income up 9 per cent to € 815m. Over the first nine months of 2012, consolid... |
HeidelbergCement increases revenue and operating income08 November 2012, Published under Cement NewsGerman cement major HeidelbergCement has reported increases revenue and operating income in for the third quarter 2012 driven by cost savings and price increases and announced significant reduction in net debt. Group revenue in the 3Q12 rose by 8.9 per cent to €3944m, driven by increasing prices, and a favourable development of exchange rates. Positive exchange rate effects supported the development of revenue particularly in North America, Asia-Pacific, as well as Western and Northern Eu... |