Cement News tagged under: corporate
LafargeHolcim announce further Chinese sales04 August 2016, Published under Cement NewsLafargeHolcim has, for the second time in a week, announced that it is to sell some of its Chinese assets. Reuters reports that the company is to sell 13 integrated plants and four grinding stations for CHF208m (US$215m). The assets – currently operated by Lafarge China Cement – are to be purchased by Huaxin Cement, in which LafargeHolcim itself has a 41.8 per cent shareholding. Commenting on the sale, LafargeHolcim CEO Eric Olsen said: "Following our announcement earlier this week to ... |
Vicat's 1H16 results in the USA continue to improve04 August 2016, Published under Cement NewsVicat's first half turnover eased by 0.4 per cent to EUR1237m, which amounts to a 4.3 per cent increase on a comparative basis. The EBITDA improved by 2.3 per cent to EUR208m and the margin improved from 16.3 per cent to 16.8 per cent. The trading profit moved ahead by 11.2 per cent to EUR103m, with the underlying margin improving by 16.5 per cent. The net attributable profit improved by 45.7 per cent to EUR49m, while net debt at the end of the period amounted to EUR1059m and the gearing le... |
Buzzi Unicem increases revenues by 1.9%04 August 2016, Published under Cement NewsBuzzi Unicem announced that its net revenues for the first six months were up 1.9 per cent to EUR1261.3m from EUR1238.2m in 2015, while EBITDA grew by 33.5 per cent, from EUR166.6m to EUR222.5m. After amortisation and depreciation of EUR93.5m (EUR96.5m in the previous year), EBIT was €129m (+€58.9mover 2015) and the six months period closed with a net profit of EUR91.5m, compared to EUR36.4m in the same period of 2015. Cement sales Cement sales of the group in the first six months of 20... |
Tunisia: Ciments de Bizerte increases sales by 24.5% in 2Q1604 August 2016, Published under Cement NewsTunisia's domestic cement sales were up 4.37 per cent in 1Q16, but slumped 5.12 per cent by 30 June 2016. However, Ciments de Bizerte saw its domestic sales increase 65 per cent at the end of 1Q16 and by a further 24.5 per cent at the end of the second quarter. By 30 June 2016, the company's cement sales reached TND33.3m (US$15.1m) an increase of 28.03 per cent over 2015, or by over 65,000t. Ciments de Bizerte market share also increased from 6.18 per cent to 8.34 per cent YoY by the en... |
LafargeHolcim zero fatality rate04 August 2016, Published under Cement NewsSafety Coaching, a safety consultancy firm, has helped LafargeHolcim create safer sites and improve incident reporting. The company established a programme for improving construction safety for projects employing up to 5000 workers. Rob Shore, of Safety Coaching, says, “We’re very pleased with our successful delivery of a variety of training and coaching courses to LafargeHolcim, helping them to achieve a zero fatality rate in the sites where we have been directly involved and boosted saf... |
USA: Martin Marietta 2Q16 gross profits up 23%03 August 2016, Published under Cement NewsMartin Marietta Materials, one of the top five US aggregates producers, has announced a first half turnover 11.3 per cent ahead at US$1649.8m and EBITDA rose by 40.6 per cent to US$419.1m. The trading profit jumped by 67 per cent to US$271.5m and after a net interest charge that was 5.4 per cent higher at US$40.3m and other items, the pretax profit jumped by 90.3 per cent to US$240.3m and the net attributable profit advanced by 89.6 per cent to US$167m. Net debt at the end of June was 8.8 pe... |
Pakistan: Fecto Cement prosecuted over violating national park03 August 2016, Published under Cement NewsPakistan’s Capital Development Authority (CDA) has announced that it has stripped the Fecto Cement Company of its lease of plant and issued a fine of PKR420m (US$4m), the Express Tribune reports. The move comes after the company was accused of illegally dumping explosives in the Margalla Hills National Park, but also concerns a dispute within the state government itself. In June 2012, Fecto Cement had extended a just-expired limestone mining lease for 18 years. However, while this deci... |
China: LafargeHolcim to sell stake in Shuangma Cement02 August 2016, Published under Cement NewsLafargeHolcim has announced that it has signed a deal with Tianjin Circle Enterprise Management Centre that would see the Franco-Swiss multinational sell a 55.93 per cent stake in Sichuan Shuangma Cement for CHF507m (US$525m). Subject to shareholder approval, the acquisition is expected to be completed by 4Q16. Following the sale, Lafarge will retain a stake of around 20 per cent in Shuangma. The agreement reached with Tianjin Circle leaves open the possibility – until 2018 – of either pa... |
Italcementi hit by restructuring and impairment charges02 August 2016, Published under Cement NewsItalcementi's first-half turnover declined by 2.1 per cent to EUR2122.6m and running EBITDA was 7.6 per cent lower at EUR300m. Hit by restructuring and impairment charges, the trading profit of EUR113m was turned into a EUR2090.6m trading loss. Net financing costs increased by 3.6 per cent to EUR68.4m, giving a pretax loss of EUR291.1m, compared with EUR57.3m profit a year earlier. At the net attributable level there was a EUR372.8m loss, compared with a EUR32.6m a year earlier. Net debt ... |
Qatar Cement signs US$100m deal with Saudi investors02 August 2016, Published under Cement NewsThe Qatar National Cement Company has agreed a US$100m financing deal with Samba Financial Group of Saudi Arabia, the Peninsula newspaper reports. The investment deal will be used to part-fund Qatar Cement’s fifth integrated plant, construction of which is already underway at a total cost of QAR950m (US$260m). The new plant will have a clinker capacity of 17,000tpd and grinding capacity of 20,000tpd. Qatar Cement also released its earnings statement for the first half of 2016. This ove... |