Cement News tagged under: corporate
Lafarge environmental compliance, Bangladesh18 May 2012, Published under Cement NewsLafarge Surma Cement Ltd (LCS) which is extracting limestone from Meghalaya for its cement plant in Bangladesh, has said that it was adhering to and complying with top environmental norms in its mines here as adopted by the company in its operations in top European countries. "We are following top environmental norms in our operations here as adopted by the company operation elsewhere in Europe, (Spain, France...)," Lafarge Surma Cements Ltd (LCS) CEO Tarek Elba told the Economic Times of... |
Cementos Argos bond offering, Colombia18 May 2012, Published under Cement NewsColombia's largest cement firm, Cementos Argos raised COP700bn (US$389m) through its bond offering on May 16. The offering was 2.17 times oversubscribed, the company said in a press release. The issuance was comprised of three tranches, maturing in 6, 10 and 15 years. In April, Cemargos raised 300bn pesos through a bond issuance, with 18-month, two and three-year maturities, as part of the company's 1tn-peso bond issuance programme. |
Eagle Materials' cement & plasterboard volumes on the rise, USA17 May 2012, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the financial year to the end of March increased by 8.2% to US$581.2m. Of the total turnover, cement accounted for 41.4%, plasterboard for 37.5%, plasterboard liner for 13.4% and aggregates & concrete for 7.7%. The trading profit rose by 14.4% to US$69.4m, but corporate overheads increased by 17.7% to US$21.9m but other non-operating expenses declined by 14.8% to US$9.1m, giving a profit befo... |
PPC first-half sales rise eight per cent, South Africa17 May 2012, Published under Cement NewsPretoria Portland Cement, South Africa’s largest cement producer, reported an eight per cent rise in first-half profit (ending March 2012) and forecasts rises in regional demand. Net income rose to ZAR369m (US$45m) in the six months through March, from ZAR343m a year earlier. Cement sales volumes declined 3% for the period under review, mainly as a result of weak demand in the Western Cape and Botswana markets. However, group revenue increased by 8% to ZAR3.529bn as a result of favourabl... |
Loesche enters into a close strategic cooperation with A TEC17 May 2012, Published under Cement NewsLoesche GmbH, Germany, has entered into a close cooperation agreement with pyroprocess specialist A TEC Holding GmbH, Austria, in April 2012. Loesche is a market leader in dry-grinding and thermal process solutions and A TEC Holding a leader in cement pyroprocess technology. Following the move, Loesche and A TEC will be partners for the realisation of plant improvement projects, environmental projects and will be in the position to offer complete process solutions. “A great move for both... |
CRH transfers Secil shares to Semapa, Portugal16 May 2012, Published under Cement NewsCRH has transferred its 49% shareholding in Secil, the Portuguese cement producer, to Semapa, its former joint venture partner, the Irish-based building materials company said in a statement. The transfer is pursuant to a call option exercised by Semapa and confirmed by an award issued by an Arbitral Tribunal in Paris, functioning under the Rules of Arbitration of the International Chamber of Commerce (ICC), at a valuation of €574m. The net proceeds received by CRH amount to €564.5m and re... |
Votorantim first-quarter driven by Brazilian housing and infrastructure16 May 2012, Published under Cement NewsVotorantim Industrial reported that first-quarter revenues increased for all businesses YoY, except for pulp, supported by business focused on the Brazilian market, mainly driven by housing and infrastructure. Sales volume increased in cement, nickel and pulp, while it decreased in long steel and zinc. Consolidated net revenues and Ebitda amounted to BRL5.7bn and BRL$1bn, an increase of 6% and a decrease of 20%, respectively. EBITDA margin declined from 22.8% to 15.7%, impacted by the meta... |
India and Russia projects boost KHD first-quarter revenue16 May 2012, Published under Cement NewsIn the first three months of 2012, KHD generated revenue of EUR48.8m, which was primarily the result of projects in India and Russia. Revenue declined by 16.9% in a YoY comparison (previous year: EUR58.7m). The company attributed this largely to customers delaying awarding and execution of projects, due to the uncertain market situation. Gross profit totalled EUR8.4m (previous year: EUR11.4m), corresponding to a gross margin of 17.2%. In a statement, the German-based equipment manufacturer ... |
Improved prices help raise Shree Cement’s quarterly profit, India16 May 2012, Published under Cement NewsShree Cement, which has a strong presence in the North India market, reported an increase in net profit of INR11.28 crore for the fourth-quarter of FY11-12 (ending March 2012) largely on the back of improvements in demand leading to better price realisation and cost control initiatives. EBITDA rose 42 per cent to INR450.40 crore during the period, the company said in a statement. Turnover, meanwhile, rose 38 per cent YoY to INR1477.85. Cement production increased 29 per cent and during... |
Merrill Lynch increases stake in Rain Commodities, India16 May 2012, Published under Cement NewsHong Kong-based Merrill Lynch Capital Markets Esparia on Tuesday announced acquiring 90,000 shares of Rain Commodities, the Economic Times of India reports. The foreign fund house currently holds 4.99% in the Hyderabad-based company and the fresh acquisition constitutes 0.03% of additional stake. Following this, Merrill Lynch's total holding in Rain Commodities crosses the threshold limit of 5%, reaching 5.02%. |