Cement News tagged under: Europe
FLSmidth concludes Cembrit sale02 February 2015, Published under Cement NewsFLSmidth has now successfully closed the divestment of Cembrit to Solix Group AB, to sell all shares in Cembrit Holding A/S at a price of DKK1.1bn (enterprise value on a debt-free basis). Cembrit is one of the leading distributors and manufacturers of fibre-cement products in Europe. The deal was initially announced in mid-January 2015 and concludes FLSmidth's divestment of building materials companies. |
CRH withdraws from aerated concrete in Poland30 January 2015, Published under Cement NewsThe Polish CRH subsidiary Grupa Ozarow has now received Polish competition authority approval to sell its aerated concrete subsidiary Grupa Prefabet SA to the Danish aerated concrete producer H+H International. The deal values Grupa Prefabet at just over €14m and the move is aimed at reducing the fragmentation in the highly competitive Polish aerated concrete market. |
Cemtech Europe 2015 - Vienna, Austria23 January 2015, Published under Cement NewsCemtech Europe 2015, hosted in the historic city of Vienna on 20-23 September, attracted cement industry professionals from 35 countries for three days of discussions dedicated to the latest advances in cement manufacturing technology and market insights. The agenda covered key themes such as alternative fuels utilisation, energy efficiency and process optimisation, and plant management, whilst also drawing on inspiration from Austria’s long tradition in cement manufacturing and as a... |
Polish output up 6.8% YoY09 January 2015, Published under Cement NewsFull year Polish cement production increased 6.8 per cent YoY in 2014 to 15.4Mt, according to the country's cement association. Cement production edged up by 1.9 per cent YoY to 861,7000t in December, while sales were ahead by 805,800t, Poland's Cement Producer Association said in a statement. |
Holcim and Cemex close their series of transactions in Europe06 January 2015, Published under Cement NewsHolcim and Cemex today announce the successful closure of their series of transactions in Europe. Holcim acquired Cemex’s operations in western Germany and The Netherlands while Cemex took over Holcim Czech Republic with all its subsidiaries in the country. In Spain, Cemex purchased Holcim’s Gador cement plant and Yeles grinding station, while Holcim keeps its remaining operations. As a result of the transactions, Cemex paid Holcim EUR45m in cash. Holcim said it expects sustainable ad... |
HeidelbergCement reopens Ukraine factory18 December 2014, Published under Cement NewsHeidelbergCement has reopened its 1.8Mta plant in eastern Ukraine a month after closing it due to pro-Russian rebels in the regions wanting to impose their own agenda on the production process. The situation now has changed and the company is about to sign a contact with a new security firm, HeidelbergCEment CEO Bernd Scheifele said. The re-launch of the production process was closely coordinated with the Foreign Office, the CEO said. The conflict in Ukraine has led to serious infras... |
Holcim expects to select buyers for assets by end-Jan19 November 2014, Published under Cement NewsHolcim said it expects to have found buyers for the cement plants and other operations linked to its tie-up with Lafarge by the end of January, and that the merger is on course to be completed by the middle of next year as planned. "We expect the final bids somewhere in January 2015," Bernard Fontana, chief executive of Holcim said at the company's investor day on Tuesday, adding that Holcim also hoped to select buyers for the assets the same month. "All this is consistent with an over... |
Titan suffers in Egypt, but improves elsewhere14 November 2014, Published under Cement NewsTitan’s turnover improved by 3.3 per cent to EUR879.7m in the first nine months of 2013, but EBITDA edged ahead by just 0.1 per cent to EUR146.7m. In the third quarter the EBITDA did decline by one per cent. The trading profit for the nine months was 0.7 per cent lower at EUR57.9m and, after a 6.9 per cent reduction in net financial charges and a positive contribution from associates of EUR3.6m, there was a pre-tax profit of EUR47.4m profit compared with a EUR1.1m loss. There was a net at... |
CRH's nine-month results show growth11 November 2014, Published under Cement NewsIn its autumn trading statement, CRH said that turnover improved by three per cent in Europe and by five per cent in the Americas, or four per cent overall. EBITDA should be ahead by around 10 per cent on both sides of the Atlantic, having seen a 27 per cent rise during the first half (+61 per cent in Europe and broadly unchanged in the Americas). Depreciation and amortisation charges are expected to be around five per cent lower than in 2013 and the net interest charge is forecast to be... |
Cementir boosts pretax profit11 November 2014, Published under Cement NewsCementir's turnover for the first nine months of 2014 declined by 3.7 per cent to EUR714.7m as the Turkish and Egyptian currencies declined against the euro and Italian volumes fell further. EBITDA, however, did increase by 10 per cent to EUR127.7m and the trading profit advanced by 31.7 per cent to EUR66.8m. After a net financial charge that was reduced by 72.4 per cent to EUR3.1m, the pre-tax profit jumped by 60.7 per cent to EUR63.7m compared with EUR39.7m a year ago. Net debt a... |