Cement News tagged under: Switzerland
Swiss cement sales return to positive growth09 July 2018, Published under Cement NewsSwitzerland’s domestic cement deliveries has increased 2.9 per cent YoY to 1.22Mt in 2Q18, returning to positive growth for the first time since 4Q16, according the country’s cement association, Cemsuisse. In the first half of 2018, deliveries advanced 0.8 per cent compared to the corresponding period of the previous year. However, cement deliveries by rail has decreased by 0.9 per cent to 51.6 per cent of the total. |
LafargeHolcim announces jobs restructuring at corporate offices25 May 2018, Published under Cement NewsLafargeHolcim has announced proposals to simplify its corporate organisation. Around 200 corporate jobs will go and the corporate offices in Paris and Zurich will close. Remaining positions in Switzerland will be moved to the company's Holderbank site and a new corporate office in Zug. In Paris remaining positions would be moved to Clamart in the southwest of the city. The plan is targeted to be completed by the end of 2018. Jan Jenisch, CCEO of LafargeHolcim: "This painful but necessary s... |
Vigier Cement unveils world's largest electrical dump truck24 April 2018, Published under Cement NewsVigier cement work's quarry, near the Swiss town of Bienne revealed the largest electrical vehicle in the world on Friday 20 April. The E-Dumper named 'Lynx' weighs 58t empty, with tyres measuring 2m in diameter and nine steps up to the drivers' cabin. It was built from a diesel-powered dump truck. The fuel tank was replaced by the biggest battery ever made for an electric vehicle, which weighs 4.5t. The vehicle was formerly a diesel Komatsu dumper truck, which was disassembled and r... |
Swiss 1Q cement sales fall 2% YoY09 April 2018, Published under Cement NewsDomestic deliveries in Switzerland declined by 2.2 per cent in the first quarter of 2018, according to the country’s cement association, Cemsuisse. Volumes decreased from 853,180t in 1Q17 to 834,252t in 1Q18 as cold weather in March extended the winter period and fewer working days affected cement demand. |
LafargeHolcim announces five-year strategy02 March 2018, Published under Cement NewsLafargeHolcim has announced its new five-year strategy to grow faster than the overall market and cut costs. The plan targets an annual sales growth of 3-5 per cent, recurring EBITDA growth of at least five per cent, improvement in free cash flow to over 40 per cent of EBITDA and increasing the return on invested capital to over eight per cent, according to Reuters. The company also reported that it received a CHF3.8bn (US$4.04bn) impairment charge within the 4Q17, and as a result posted ... |
Swiss cement sales slip 3% in 201708 January 2018, Published under Cement NewsCement deliveries in Switzerland saw a 2.8 per cent fall to in 2017 as Cemsuisse reports a domestic sales volume of 4.3Mta. The drop follows a 4.2 per cent rise in 2016. The initial drop in the 1H17 was partly absorbed in the 2H17, but the 4Q17 saw a 0.8 per cent decline. Cemsuisse said the share of rail transport increased YoY to account for 53.3 per cent of all deliveries. |
LafargeHolcim in talks with PPC27 October 2017, Published under Cement NewsLafargeHolcim announced that it is in talks with the board of directors of PPC regarding a possible transaction in Africa. “No agreement with PPC has yet been reached and no assurance can be given at this stage that a transaction will materialise,” said the building materials producer in a brief statement. |
Swiss Cement distribution falls by 2.7% in 3Q1706 October 2017, Published under Cement NewsDeliveries of Swiss cement in the 3Q17 saw a slight decrease in shipments of 2.7 per cent compared with the same period last year. Compared with the 2Q17, sales were down further at -4.7 per cent. At the end of September, total YtD shipments were down by 3.5 per cent compared to the previous year. |
EU and Switzerland link emissions trading systems14 September 2017, Published under Cement NewsThe EU and Switzerland are joining their respective emissions trading systems following the adoption of the European Commission of two proposals to finalise an agreement between the two parties. The Swiss Federal Council has approved a deal to link the carbon markets of the country with the European Union, according to the European cement association, Cembureau. The move sees participants in the EU Emissions Trading System (EU ETS) permitted to use the allowances from the Swiss system for c... |
LafargeHolcim revises its full-year global market forecasts28 July 2017, Published under Cement NewsLafargeHolcim reported improved sales and operating EBITDA adjusted for the second quarter of 2017 on a like-for-like (LFL) basis but has revised down forecasts for growth in its global cement markets, notably due to weaknesses in southeast Asian countries and Nigeria. Nevertheless, the company said it remained on course to hit its 2017 profit targets. Continued earnings growth in 2Q17 saw LFL net sales up by 3.6 per cent supported by sustained pricing momentum and a slight advance in ceme... |