Cement News tagged under: Holcim
Holcim and Heidelberg to operate Cement Australia as a joint venture14 March 2013, Published under Cement NewsHolcim Ltd said Thursday it plans to sell a 25 per cent stake in Cement Australia to HeidelbergCement and operate the company as an equally-controlled joint venture between the two cement majors. Holcim and HeidelbergCement should be equally represented on the board and the chairmanship should rotate, the Swiss firm noted, adding that the contract on the transaction is still to be signed. Holcim currently owns 75 per cent of Cement Australia and Hanson Cement the other 25 per cent. “Th... |
Moody’s upgrades Holcim outlook13 March 2013, Published under Cement NewsMoody’s Investors Service has upgraded Holcim’s outlook to stable, ending 15 months on a negative watch. Moody’s said it changed the outlook citing cash generation as cement sales in the US and emerging markets improve, according to reports by Bloomberg. Holcim maintained its investment-grade rating throughout the European financial crisis. Holcim’s Leadership savings program should gain momentum in 2013 and will help Holcim improve its finances, Moody’s said. Last year, Holcim’s ... |
Holcim ahead despite Europe slowdown04 March 2013, Published under Cement NewsAnnual results released by Holcim earlier this week show that cement sales for the Swiss major in 2012 were ahead in spite of lower European volumes and political instability in the Middle East. Turnover during the year rose by 3.9 per cent in 2012 to CHF21,544m and in euro terms the increase was 6.4 per cent to EUR17,867m. Operating EBITDA improved 6.2 per cent to EUR3502m before restructuring costs, after which the advance was a mere 0.7 per cent to EUR3304m. The trading profit fell by ... |
Holcim (US) and Aggregate Industries US celebrates Centennial with community service Initiative28 February 2013, Published under Cement NewsHolcim and Aggregate Industries US, a Holcim Group Company, celebrated the centennial anniversary of their parent company, Holcim Ltd in 2012. To mark the milestone, the company launched Together for Communities, an initiative in which employees led local volunteer projects. Together for Communities built on the Holcim mission and extends the values that are essential to creating the highest quality products. Over the course of the year employees contributed more than 34,600 volunteer hours... |
Holcim less optimistic on European construction market27 February 2013, Published under Cement NewsHolcim said on Wednesday that it was less optimistic about the prospects for the European construction market in 2013 as it reported worse-than-expected earnings for its fourth quarter. "While group regions Asia Pacific, North America and Latin America are expected to witness higher sales volumes, Holcim is somewhat less optimistic with regard to Europe and Africa Middle East," the Swiss company said. Like many building supply companies, Holcim has been hit by a slowdown in the European... |
Ecuador records 5.6% rise in 2012 cement sales26 February 2013, Published under Cement NewsThe Ecuadorian cement market expanded for a second year running as the Ecuadorian Institute of Cement and Concrete (Inecyc) reported a 5.6 per cent rise in dispatches. In 2012, the market absorbed 6.025Mt, an increase of 319,422t when compared with previous year’s figure. Per capita consumption rose from 386kg to 388kg in 2012. The advance represents a new record as deliveries surpassed the 6Mt mark for the first time. In 2010 and 2011, total cement sales reached 5.28Mt and 5.70Mt, respe... |
Siam City Cement to upgrade and reactivate kiln line, Thailand18 February 2013, Published under Cement NewsThailand’s second largest cement producer, Siam City Cement Co (SCCC), reported a 14 per cent rise in revenues for 2012 and says it plans to increase production at its Saraburi works. SCCC, part of the Holcim Group, achieved revenue of THB26.4bn (US$883m) in 2012, on the back of strong domestic cement consumption and significant growth in cross-border exports. Net profit rose by 10.4 per cent to THB3.6bn during the year. Fourth-quarter net revenue tripled YoY to THB756m as net sales surge... |
Holcim (US) receives HandsOn South Alabama's Corporate Citizenship Award14 February 2013, Published under Cement NewsHolcim (US) announced today that its Theodore plant located in Theodore, AL, received the Corporate Citizenship Award from HandsOn South Alabama (HOSA) at the organisation’s 31st annual Heart of Gold Awards. The award honors volunteer service. HOSA mobilises volunteers in the community to make a sustainable and measurable impact in education, the environment, economic stability and emergency preparedness. "I am so proud of the work the employees of the Theodore plant have done in our commun... |
Holcim (US) names Filiberto Ruiz President and CEO07 February 2013, Published under Cement NewsHolcim US has named Filiberto Ruiz as the company's president and chief executive officer. Ruiz's appointment also includes serving as president and chief executive officer of Aggregate Industries US, a Holcim Group Company. Additionally, Bernard Terver, currently a member of the Holcim Ltd Executive Committee, formerly president and chief executive officer of Holcim (US) and Aggregate Industries US, has been named chairman of the board. "As we look to the future, it is clear that Filibert... |
Lafarge Mauritius raises cement price by 7%06 February 2013, Published under Cement NewsLafarge Cement Mauritius Ltd has announced it will raise the price of a 50kg bag of cement following Holcim's move to increase prices by six per cent at the start of this year. Lafarge said it was raise prices from MUR170/bag (US$5.55) to MUR182 (US$5.94) on Monday. The company said the price increase was necessary due to a number of factors. Import, insurance and freight costs have risen by around 6.7 per cent and other costs have been subject to inflationary increases, says the cemen... |