Cement News tagged under: corporate
Raysut Cement reports 30% drop in 1H profit15 July 2015, Published under Cement NewsRaysut Cement reported a net profit of OMR10.97m (US$28.5m) for the first six months ended 30 June when it was OMR15.59m in the same period last year, a decline of 29.7 per cent, the company said. On a quarterly basis, net profit fell by 18 per cent to 4.94 in the 2Q15 from OMR6.03m in the first quarter. Revenue stood at OMR46.83m, dropping by 5.4 per cent from OMR49.5m. On a sequential basis, revenue dropped by 8.3 per cent to OMR22.4m in the second quarter versus OMR24.43m in the firs... |
Carthage Cement sees 2014 rise in sales but 1Q15 slips15 July 2015, Published under Cement NewsCarthage Cement experienced a positive start to 2014 although faced a more challenging market environment in the second half of the year, according to the company’s 2014 annual report. In 2014, Carthage Cement produced 1.346Mt of clinker and 1.022Mt of cement. While in the first five months, Tunisia’s cement market experienced growth, from June onwards, this decelerated and stalled. As a result, Carthage Cement increased its exports, including 216,819t to Algeria, and effectively positione... |
LafargeHolcim starts trading on SIX in Zurich and Euronext in Paris14 July 2015, Published under Cement NewsFollowing the successful completion of the merger between Holcim and Lafarge, LafargeHolcim today starts trading on the SIX Swiss Exchange in Zurich with the ticker symbol LHN and on Euronext in Paris, joining the Swiss Market Index (SMI) and the CAC 40 index (replacing Lafarge S.A.) respectively. The combined entity has a total market capitalisation of around CHF41bn (EUR39bn) per 13 July 2015. Trading in LafargeHolcim shares starts at 09:00 am CEST today. Representatives of LafargeHolci... |
Hail Cement 2Q15 net earnings down 28%14 July 2015, Published under Cement NewsSaudi-based Hail Cement reported net earnings of SAR28.6m during the second quarter of 2015, down 38 per cent compared with SAR46m in the comparative period of last year. Net earnings for the first half of 2015 also slipped 18.44 per cent YoY from SAR81m to SAR66m. The profit decline was attributed by the company to an increase in direct costs due to a decrease in production volume and an increase in maintenance costs because of shutdown. |
Holcim and Lafarge complete global merger13 July 2015, Published under Cement NewsHolcim Ltd and Lafarge SA on Friday completed their global merger and have launched LafargeHolcim, a world leader in the building materials industry. All conditions for the completion of the merger have been fulfilled following the successful completion of the public exchange offer and the issuance of new Holcim shares to Lafarge shareholders. Holcim’s shareholders had previously approved the merger-related resolutions at an Extraordinary General Meeting on 8 May 2015. With the completion... |
OCC first-half net profit down13 July 2015, Published under Cement NewsOman Cement Co (OCC) net profit declined by just over 40 per cent in the first half of this year to OMR5.44m (US$14.1m) from OMR9.09m in 1H14, the company said in its filing of initial numbers with the Muscat Securities Market. Revenue declined marginally to OMR25.53m in the first half of this year compared with OMR25.68mn in the corresponding period of 2014. Investment and other income fell sharply by 54.1 per cent to OMR1.8m from OMR3.94m. As a result, Oman Cement 's total revenue fell 7... |
Holcim Philippines to make offer for local assets of Lafarge13 July 2015, Published under Cement NewsHolcim Philippines will make an offer to acquire the assets of Lafarge Group in the Philippines as part of the merger process between the two cement majors. In a disclosure to the Philippine Stock Exchange (PSE), the local unit of Swiss firm Holcim Ltd. said it has been given the green light by its board of directors to make an offer for the France-based assets of the Lafarge Group. Specifically, Holcim has been authoriszed to “make an offer for, and should the offer be accepted, to pr... |
LH merger: final results of public exchange offer10 July 2015, Published under Cement NewsFrance's Financial Market Authority published the final results of the public exchange offer initiated by Holcim Ltd for the shares of Lafarge SA. Following the settlement-delivery of the offer expected to occur on 10 July 2015, Holcim Ltd will hold 252,230,673 Lafarge SA shares representing 87.46 per cent of the share capital and at least 83.94 per cent of the voting rights of Lafarge SA based on the total number of shares outstanding as of 8 July 2015. In accordance with the AMF general ... |
Holcim: Fontana steps down, changes in Executive Committee10 July 2015, Published under Cement NewsHolcim confirmed today that in connection with the successful public exchange offer and the expected closing of the merger with Lafarge, Bernard Fontana will step down from his position as CEO of Holcim Ltd with the completion of the merger. He will also resign from all mandates in all Holcim Group entities. Mr Fontana said: "It has been a pleasure and honour to work with remarkable and passionate people throughout the past years at Holcim. I wish the new company LafargeHolcim and the enti... |
Paraguay: INC’s kiln returns to normal service10 July 2015, Published under Cement NewsIndustria Nacional del Cemento (INC) announced that its kiln at the Vallemi works is back up and running since Tuesday after a six-day stop due to technical issues. At present the company is carrying out a fuel switch that will see the plant operate with petcoke, forest waste and coal among others. The change in fuel will allow INC to save over US$22m. The cement producer said around 40 per cent of the work oj the project has been carried out to date. |