Cement News tagged under: corporate
Vicat’s cement volume declines but cement EBITDA improves05 August 2015, Published under Cement NewsVicat's first-half turnover improved by two per cent to EUR1243.6m, which amounts to a 6.1 per cent reduction on a comparative basis. EBITDA declined by 2.2 per cent to EUR203.1m and the margin narrowed from 17.1 per cent to 16.3 per cent. The trading profit came off by 19.2 per cent to EUR93.3m, an underlying reduction of 25.4 per cent. After a net financial charge 5.9 per cent lower at EUR27.8m and a 40 per cent increase in the income from associates to EUR2.4m, the pretax profit declin... |
Martin Marietta sees higher building volumes05 August 2015, Published under Cement NewsMartin Marietta Materials, one of the top five US aggregates producers, has announced a first-half turnover 46.9 per cent ahead at US$1612.7m, thanks to the initial consolidation of TXI, formerly Texas Industries, and the EBITDA rose by 71.6 per cent to US$303.2m. The trading profit jumped by 102.5 per cent to US$162.5m and after a net interest charge that was 53 per cent higher at US$38.4m and other items, the pre-tax profit emerged at US$126.3m compared with US$52m and the net attribut... |
Vulcan’s profit falls following exceptional gains in previous year05 August 2015, Published under Cement NewsVulcan Materials' first-half turnover rose by 11.8 per cent to US$1526.4m, but EBITDA declined by 31.8 per cent to US$300.2m. The trading profit fell by 44.8 per cent to US$164.59m after the exceptional gain on the disposal of the cement business in the previous year. After a net interest charge nine per cent lower at US$146.1m, the pretax profit dropped by 86.6 per cent to US$18.9m. The net attributable earnings line went from US$100m to US$8.5m. Net debt was increased by 10.8 per cen... |
Cemex completes refinancing of its 2012 facilities agreement04 August 2015, Published under Cement NewsCemex announced yesterday that it has fully repaid the total amount outstanding of approximately US$1.94bn under the facilities agreement dated 17 September 2012, as amended from time to time, with new funds from 17 financial institutions. These lenders have joined the credit agreement dated 29 September 2014, as amended (the Credit Agreement) under new tranches, allowing Cemex to increase the average life of its syndicated bank debt to approximately four years. Other financial institutions ... |
US May shipments down 4.5% YoY04 August 2015, Published under Cement NewsTotal shipments of Portland and blended cement in the US and Puerto Rico in May 2015 fell by 4.5 per cent YoY to 7.8Mt, data from the US Geological Survey released yesterday shows. Shipments for the year through May totalled 31.9Mt, up by 2.6 per cent for the same period in 2014. The leading producing states for Portland and blended cement in May were California, Missouri, Texas, Florida and Alabama, in descending order. The leading consuming states (Texas, California, Florida, Ohio and Ill... |
Wet weather dampens Eagle Materials' 1Q04 August 2015, Published under Cement NewsEagle Materials' turnover, including its share of the Texas Lehigh cement joint venture, increased by 4.4 per cent to US$312m for the first quarter of fiscal 2016 ended 30 June 2015. The trading profit improved by 0.9 per cent to US$60.4m and after an interest charge 10.7 per cent higher at US$4.49m, the pre-tax profit was ahead by just 0.2 per cent to US$55.9m and the net attributable profit advanced by a marginal 0.1 per cent to US$37.8m. Net debt at the end of June stood at US$585.1m, ... |
DBN ups stake in Ohorongo Cement, Namibia04 August 2015, Published under Cement NewsThe Development Bank of Namibia has increased its stake in Ohorongo Cement, which is majority-owned by Schwenk Zement KG of Germany from 10 to 11.72 per cent. "The bank's decision to increase its shareholding in Ohorongo Cement is firstly driven by its equity investment strategy to take up shareholding in business projects and secondly its desire to invest in quality assets with potential to earn profits to finance future development," chairperson of the bank, Penny Akwenye, said. The US$... |
Francis Flower acquires Hanson Cement's GGBS unit, UK04 August 2015, Published under Cement NewsMineral resources company Francis Flower yesterday announced the acquisition of the ground granulated blast furnace slag (GGBS) facility in Scunthorpe, UK, from Hanson Cement. The business is capable of producing more than half a million tonnes of GGBS every year and supplies customers in the Midlands and North of England. GGBS complements Francis Flower’s existing range of high quality powdered minerals, which originate as by-products from various industries reducing the need for mineral ... |
Spain: Cementos Portland Valderrivas 1H loss increases04 August 2015, Published under Cement NewsCementos Portland Valderrivas has seen 1H losses of EUR39.9m, 28.9 per cent higher than in 1H14, when it recorded a loss of EUR31m. The result is attributed to the lower sales of CO2 emission rights, which reached EUR10.6m, and a change in the way the cost of maintenance stoppages is accounted for (EUR3.2m). Turnover has increased 11.3 per cent to EUR289.2m thanks to increases in sales volumes and prices in Spain, USA and the UK, which account for over 75 per cent of total sales. Howe... |
CRH completes Lafarge-Holcim transaction03 August 2015, Published under Cement NewsCRH announced that the transaction to acquire certain assets from Lafarge SA and Holcim Ltd for a total enterprise value of EUR6.5bn is now complete, with the exception of the Philippines which is expected to close in the third quarter of this year. The deal was initially announced in on 2 February 2015, with a binding agreement sealed between the companies towards the end of May. Commenting on the completion of the acquisitions, Albert Manifold, CRH chief executive, said: “Today we extend... |