Cement News tagged under: corporate
Cement Hranice 2012 outlook, Czech Republic10 September 2012, Published under Cement NewsDespite reporting an increase in 2011 cement sales, Czech cement producer Cement Hranice company expects a decline this year the Euro zone sovereign debt crisis and a continuing fall in construction output. Last year the company increased sales by 14.5 per cent last year to CZK1.69bn (EUR69m) following two years of declining sales due to a downturn in the domestic construction industry. Net profit in 2011 reached CZK499m, an increase of 10 YoY. Cement Hranice's results improved last ye... |
Holcim: realising growth potential whilst cutting costs10 September 2012, Published under Cement NewsHolcim highlighted its cost cutting programme and the growth potential in its emerging markets at its latest investor and analyst event, which took place on 3-4 September in Zurich, Switzerland. While a global recovery remains elusive, emerging markets continue to grow. Holcim noted its net sales have increased above their 2007 level, from US$22.543bn to US$23.306bn in 2011. However, higher costs have led to EBITDA falling by US$1.3bn from US$5.775bn to US$4.447bn over the same period. Ne... |
PCA announces management changes, USA07 September 2012, Published under Cement NewsPortland Cement Association (PCA) announced management changes designed to shift leadership to Washington, DC, in support of a renewed emphasis on national advocacy efforts in our nation’s capitol. “Over the past 10 years, we have debated the merits of our national association becoming more ‘DC-centric,” said PCA Chairman of the Board Aris Papadopoulos in an announcement of the changes.“The time has come to adapt to this new reality of the cement industry.” Effective September 6, 2012,... |
Mangalam Cement appoints CFO, India07 September 2012, Published under Cement NewsMangalam Cement has informed the board of directors at a meeting held on 3 September 2012, that Anil Kumar Mandot, joint president (Commercial), has been appointed as the chief financial officer (CFO) of the company. The information is a part of company's filings submitted to the Bombay Stock Exchange. |
West China Cement chairman shares buy positive - DB07 September 2012, Published under Cement NewsDeutsche Bank (DB) says according to Hong Kong Stock Exchange filings West China Cement’s chairman, Zhang Jimin, has been buying back shares for the last few weeks since Aug. 16 (7.2 million shares at a weighted average price of HK$1.20/share). It adds, Zhang's shareholding has increased by 15 bps to 38.53% of the total issued share capital. "We believe the chairman will continue buying shares at current levels given it appears he finds the current valuation attractive. More importantly, w... |
Deutsche upgrades India Cements to buy07 September 2012, Published under Cement NewsDeutsche Bank has upgraded India Cements to "buy" from "hold", while cutting its target price to INR106 from INR120, citing favourable risk-reward on attractive valuations and improving returns on equity profile. |
Odra cement works orders new VRM, Poland07 September 2012, Published under Cement NewsGebr Pfeiffer has been awarded the contract to supply a MPS 3070 BC vertical roller for grinding 46tph of blast-furnace slag for the Odra works situated in Opole, Poland. The slag, ground to 3800cm²/g Blaine, is intended to be used as an additive to the cement. The ordered vertical mill features a main drive with an output of 1350kW for the production rate of 46tph. Exhaust gases produced by the clinker cooler allow the slag to be dried from nine per cent feed moisture down to <1 per cent ... |
Huaxin sees 82.3 per cent slide in 1H12 net profit, China06 September 2012, Published under Cement NewsHuaxin Cement said net profit for the first half of 2012 fell 82.3 per cent YoY to CNY95.92m (US$15m). Operating revenue slid 1.53 per cent YoY to CNY5.49bn with basic earnings per share of CNY0.1. Huaxin Cement is 41.6 per cent controlled by Holcim. Last year, the Chinese producer continued its acquisition policy and purchased three works in the Hubei province with a combined capacity of 5Mta, giving Huaxin Cement a capacity of 58.5Mta which has increased further since year end. |
Yu Shiliang announced as new Sinoma chairman, Chairman06 September 2012, Published under Cement NewsFollowing the sudden death of Sinoma chairman Tan Zhongming on Sunday, the company has announced that vice chairman Yu Shiliang will succeed him as chair. Tan, who was in his late 50s, reportedly died of a heart attack while in France for a company roadshow. However, a statement by Sinoma said that he passed away “due to illness.” The state-owned company is one of China's five biggest cement producers. Tan was also a director of Sinoma's Shanghai-listed subsidiary, Sinoma International... |
Lafarge Pakistan Cement swings to profit05 September 2012, Published under Cement NewsLafarge Pakistan Cement reported profit after tax of PKR498.916m (US$5.3m) in the first half of calandar year 2012 compared to losses of PKR17.539m in same period last year, boosted by a rise in domestic sales and cost optimisation. Net sales for the period stood at PKR4.784bn against PKR3.684bn in 2011. Its administrative and financial cost increased to PKR278.6m and PKR604.662m from PKR221.613m and PKR481.564m, respectively 1H11. Distribution costs also increased to PKR115.625m from PKR... |