Cement News tagged under: corporate
Holcim's profits hurt by the strength of the Swiss currency30 July 2015, Published under Cement NewsHolcim's cement deliveries declined by two per cent to 67.6Mt in the first six months, and the underlying advance was 2.1 per cent. Shipments of aggregates rose by 3.4 per cent to 72Mt and ready-mixed concrete deliveries improved by 0.6 per cent to 18.2Mm³ but declined by three per cent on an underlying basis, while asphalt sales rose by 13.8 per cent to 4.6Mt. Turnover declined by 3.4 per cent to CHF8646m, but rose by 11.9 per cent in euro terms to EUR8182m, while on a comparative basis ... |
Nigeria: BUA's 3Mta Obu plant to start operations30 July 2015, Published under Cement NewsBUA Group is about to release cement from its newly-built US$600m Obu plant in Okpella, Edo State, with clinker production already operational. Cement should be dispatch from the 3Mta facility in the first week of August. The plant was supplied by FLSmidth and the civil construction was handled by construction firm, Julius Berger. BUA Group chairman/CEO, Abdulsamad Rabiu, said the company's three-year journey in constructing the world-class plant would give a much needed boost to Nigeria's ... |
HeidelbergCement benefits from strong North American improvement30 July 2015, Published under Cement NewsHeidelbergCement's first-half results show an 11.2 per cent increase in turnover to EUR6470m. EBITDA improved by 22.3 per cent to EUR1052m, while the trading profit advanced by 27.5 per cent to EUR672m. The net interest charge declined by 5.9 per cent to EUR285m and the pretax profit rose by 69.9 per cent to EUR406m and the net attributable profit improved by 70 per cent to EUR148m. Net debt at the end of June was 20.1 per cent lower than a year earlier at EUR6305m, giving a gearing level 34... |
Zambia has potential for Dangote Cement30 July 2015, Published under Cement NewsDangote Group of companies has continued its expansion plans in the cement industry with another plant target in Lusaka. Dangote will officially launch its Masaiti cement plant project on 4 August. The official commissioning will be attended by owner Aliko Dangote and the Nigerian vice president. However, the company still sees further potential in this market and The Zambia Development Agency (ZDA) has disclosed that Dangote will build another plant in the Chongwe area to expand its fas... |
Italcementi aims to sell out to HeidelbergCement as consolidation gathers pace30 July 2015, Published under Cement NewsItalcementi's first-half turnover recovered by 5.8 per cent to EUR2167.5m and the running EBITDA improved by 5.3 per cent to EUR324.5m. Helped by a reduction in the impairment charge, the trading profit improved by 9.6 per cent to EUR113m. Net financing costs eased by 0.2 per cent to EUR66m, giving a pretax profit of EUR57.3m, compared with EUR4.3m a year earlier. After tax, there was a EUR3.8m profit, compared with a EUR79.6m loss tat the same stage a year ago. The net attributable loss amo... |
Brazil: Cade issues fines of US$934m30 July 2015, Published under Cement NewsBrazil's antitrust watchdog, Cade, has ordered six cement makers named in a price-rigging case to pay a combined BRL3.1bn (US$934m) in fines within a month in a landmark decision that also orders asset disposals. Under terms of the ruling, Votorantim must pay BRL1.5bn in fines and Cimpor BRL297m. Cade fined Intercement Brasil BRL241m and Itabira BRL411m. Holcim's fine amounts to BRL508m and Itambé is required to pay BRL88m. The decision announced on Wednesday gives the companies a one-y... |
Thailand: Siam Cement raises net profit30 July 2015, Published under Cement NewsSiam Cement PCL, Thailand's largest industrial conglomerate, beat market expectations with a 63 per cent rise in quarterly net profit, boosted by better petrochemical margins and a pick-up in domestic cement demand. Domestic cement demand should grow by five to six per cent in the second half after a two per cent rise in the second quarter, as demand from government projects and commercial sectors recover, chief executive, Kan Trakulhoon, said. "This is the first time since the second qua... |
China: Shanshui Cement turn down share disposal offer30 July 2015, Published under Cement NewsShanshui Cement's chairman and general manager, Zhang Bin, has told the press that in response to the possible acquisition of company shares from CNBM and Asia Cement China, company shareholders have decided to decline the proposed disposal of shares. China Tianrui became the substantial shareholder of Shanshui Cement in April and proposed a change in the number of members in the board of directors. Afterwards, Asia Cement China and CNBM sent a letter and proposed for the entire acquisiti... |
HeidelbergCement to acquire Italcementi29 July 2015, Published under Cement NewsEleven days after the completion of the acquisition of Lafarge by Holcim to form LafargeHolcim, HeidelbergCement has agreed to acquire Italcementi, with a combined cash and share issue for the 45 per cent controlling stake held by Italmobiliare. A cash offer of EUR10.60 per share will be made by HeidelbergCement for the remaining shares in Italcementi. This represents a 70.6 per cent premium on the weighted average share price of Italcementi over the past three months. Dr Bernd Scheifele,... |
LafargeHolcim 2H15 roadmap released29 July 2015, Published under Cement NewsLafargeHolcim has announced its roadmap for the second half of 2015 as it releases half-year results for Lafarge SA as well as Holcim Ltd, the predecessor company of LafargeHolcim Ltd. Eric Olsen, CEO of LafargeHolcim, says: “We continue to operate in a demanding global market environment and this has affected our first-half performance. However, as a new company we have hit the ground running. A team of 200 senior leaders of LafargeHolcim met as early as last week to align on priorities, t... |