Cement News tagged under: corporate
Groupe Bruxelles Lambert raises voting rights stake in Lafarge05 May 2011, Published under Cement NewsBelgian billionaire Albert Frere’s holding company Groupe Bruxelles Lambert now holds 28.46% of the voting rights of Lafarge, according to French stock market regulator AMF. Groupe Bruxelles Lambert owns 21% in the capital of Lafarge, but said it does not plan to gain control over the company. Groupe Bruxelles Lambert also stated it supports the strategy implemented by Lafarge’s board and does not wish to ask for the appointment of additional representatives within the cement group’s board. |
Brazil’s Cimento Tupi plans 7-yr bond offer05 May 2011, Published under Cement NewsBrazil cement company Cimento Tupi is planning a seven year bond offering, according to a source familiar with the matter. The seven-year issue is non-callable for four years. Initial price guidance is at 10%. Bank of AmericaMerrill Lynch is the bookrunner for the 144A offering. |
HeidelbergCement raises first-quarter turnover05 May 2011, Published under Cement NewsHeidelbergCement reported increases in first quarter turnover and results as a mild winter and stronger than expected economic recovery lead to growth in sales volumes. In North America, demand for building materials increased only slightly in comparison with the previous year, as a result of a hard winter in Canada. The markets in Asia and Africa continued to develop positively, exhibiting consistently strong growth rates overall. The Group’s cement and clinker sales volumes rose by 14.4... |
MI Cement receives further rejection from DSE, Bangladesh04 May 2011, Published under Cement NewsThe board of directors of Dhaka Stock Exchange (DSE) in Bangladesh has once again rejected MI Cement’s listing application and decided to appeal to the capital market regulator to reconsider its earlier issued directive. The market watchdog, the Securities and Exchange Commission (SEC), earlier directed the bourse to allow MI Cement listing considering investors’ interest. In response to the SEC directive, the DSE board at a meeting decided Tuesday to appeal to the SEC requesting not... |
Cementos Molins 1Q11 net profit slumps 47% YoY04 May 2011, Published under Cement NewsSpanish cement company Cementos Molins posted a consolidated net profit of EUR7m for the first quarter of 2011, down 47% YoY. The turnover, however, rose by 6.2% to EUR197m in the same period, Cementos Molins said in a filing with the national stock market regulator CNMV. The company explained that the 20.3% increase in its international operations compensated the 18.9% fall registered on the domestic market. EBITDA totalled EUR41m between January and March 2011, a YoY decline of 6.9%. |
Titan Cement 1Q net profit seen falling 69%04 May 2011, Published under Cement NewsAnalysts expect continued weakness in key Greek and US markets to weigh on Titan Cement’s first-quarter performance, only partly offset by better sales in Southeast Europe, thanks to recent expansion, and possibly in Eastern Mediterranean. A survey by six analysts shows the average revenue is expected to be EUR262.9M, down 8.1% (EUR286.1M in 1Q 2010)and average EBITDA is forecast at EUR52.7M, down 14% (EUR61.2m). Meanwhile, average net profit is estimated at EUR7.8m down 69 per cent (EUR24... |
Dyckerhoff reports considerable volume increases04 May 2011, Published under Cement NewsThe economic upturn and the mild winter led Dyckerhoff to considerable volume increases as group sales increased by 48%, all divisions contributed to the increase, the company said in a statement. Group EBITDA grew by EUR32m to EUR 22m, mainly due to the considerable volume increases, whereas price declines for its products and higher costs partly offset the positive development. Depreciation and amortisation rose by EUR7m and EBIT increased by EUR 25m. While net investment income increas... |
Vicat’s cement shipments well ahead04 May 2011, Published under Cement NewsVicat’s first quarter turnover rose by 28.8% in absolute terms, and by 18.2% on a comparative basis, to €513m. In cement, turnover was up by 26.0% to €316m, as cement shipments advanced by 25.3% to 4.02Mt. Turnover in concrete and aggregates was 30.4% higher at €186m, with aggregates shipments rising by 36.6% to 5.06Mt and ready-mixed concrete deliveries increased by 22.1% to 1.77Mm³. The French turnover rose by 28.7% to 222m, helped by more favourable weather conditions. The cement turno... |
CRH boosted by better weather04 May 2011, Published under Cement NewsCRH’s underlying sales improved by about 6% during the first four months of the year. Disposals have raised about €275m to date, with the most important single deal being the sale of the 34.8% stake in the French distributor Trialis, that had been acquired in 2008. A total of 13 acquisitions or major investments were undertaken in the period for a cost of about €135m and the currently acquisitions pipeline is looking encouraging, suggesting further deals in the months ahead. Cement volume... |
Holcim 1Q held back by input and energy costs04 May 2011, Published under Cement NewsHolcim reported higher first-quarter sales volumes in all segments, with price adjustments in several markets, however, the company said this was not enough to fully absorb the above-average cost increases for raw materials and energy sources, such as coal and petcoke, as well as for distribution. Consolidated cement deliveries rose by 7.2 per cent to 33.2Mt in the first quarter of 2011. The largest volume increases were achieved in Asia Pacific followed by Europe and Latin America. Aggrega... |