Cement News tagged under: corporate
Yen Bai Cement nine month loss, Vietnam12 November 2012, Published under Cement NewsYen Bai Cement and Minerals JSC said it made a loss of VND15.44bn (US$742,300) in the first nine months of this year, compared to a loss of VND8.63bn in the same period of last year. Revenues rose 3.07 per cent on year to VND246.45bn in Jan-Sept, YBC said in its quarterly financial report. In 3Q, YBC suffered a loss of VND1.85bn on revenues of VND84.66bn, versus VND5.94bn and VND84.36bn in the 3Q11, respectively. |
Huaxin Cement to see restricted shares become tradable12 November 2012, Published under Cement NewsChina-based cement producer Huaxin Cement Co Ltd said on 8 November that 77.01 million of its restricted shares will become tradable on the market on November 14th. |
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... |
Cemex: US far from fully recovering09 November 2012, Published under Cement NewsCemex has said that it is pleased with the way its US business is progressing but that it is still far from fully recovering. Speaking to Reuters, Maher Al-Haffar, Cemex's vice president of corporate communications and investor relations, said in an interview, said: "We are cautious and we are far from a full recovery in the US business but the trend is certainly in the right direction." In the first nine months of this year Cemex’s US turnover recovered and rose by 19.2 per cent to US$2... |
Buzzi Unicem's turnover edges ahead and profit advances09 November 2012, Published under Cement NewsBuzzi Unicem's turnover for the first nine months was up by 1.7 per cent to €2,146.3m and the EBITDA increased by 11.7 per cent to €368.7m. The trading profit rose by 29.6 per cent to €198.9m and net financial charges increased by 25.1 per cent to €85.3m. After an 89.3 per cent higher contribution from associates, the pre-tax profit rose by 33.5 per cent to €116.8m. With charges for tax and for minorities increasing more slowly than the pre-tax profit, the net attributable profit jumped by ... |
Cementos Portland posts EUR83m loss for Jan-Sep 201209 November 2012, Published under Cement NewsCementos Portland of Spain has posted a loss of EUR83m for the first nine months of 2012, almost 10-times the loss posted in the same period of last year, local press have reported. The steep decline is attributed to weaker demand from its domestic market of Spain which could not be offset by activity in USA and Tunisia where the company also operates.. |
Deutsche Bank sees modest China earnings recovery in 201309 November 2012, Published under Cement NewsDeutsche Bank has turned more positive on China's average selling pricing recovery in the next 12 months. For 2013, it expects a revival of property starts and captive supply to further support production halts and thus more stable prices. "While we are more cautious in the medium term due to structural overcapacity and declining cement intensity, we see modest earnings recovery in 2013." Deutsche Bank's top picks are China Resources Cement where it sees a healthy turnaround in suppl... |
SCG's cement division posts 29% revenue rise in 3Q12, Thailand09 November 2012, Published under Cement NewsSiam Cement Group's cement business posted a 29 per cent increase in revenue to THB17.7bn (US$577.6m) in the third quarter of 2012, attributable to a higher domestic sales volume as well as consolidation of the recently acquired ready-mixed concrete business in Indonesia. The cement business also saw a 33 per cent rise in net profit to THB2.45bn. Building materials witnessed 18 per cent growth in revenue to THB10.5bn, thanks to continued domestic market growth momentum. |
Serbian Holcim appoints new CEO09 November 2012, Published under Cement NewsHolcim Serbia has appointed Romanian national Claudiu Soare as its new CEO, Holcim said in a statement. Soare takes over the position from Gustavo Navarro. Soare has been a member at Holcim Romania team since 2000 and afterwards appointed as a project manager at Holcim Services Europe, the Middle East and Asia in Madrid, Holcim said. |
Saudi Cement elects board of directors09 November 2012, Published under Cement NewsSaudi Cement Company has elected a board of directors with a three-year term ending December 2015, the Saudi Arabian cement producer said in a bourse filing. The newly appointed board members are Hamad al-Olyan, Khaled al-Rajhi, Khaled Abdul Kareem, Sami al-Juffali, Abdul Kareem al-Khoraiji, Abdul Rahman al-Sohaibani, Abdul Rahman al-Rajhi, Fahad al-Saleh, Mohammed al-Qarni, Mohammed Bilghanem, and Waleed al-Juffali. |