Cement News tagged under: corporate
Buzzi Unicem sees improvements in the USA and Czech Republic11 February 2015, Published under Cement NewsBuzzi Unicem's turnover eased by 0.1 per cent last year to €2506m, but ignoring the exchange rate effect there would have been a 3.4 per cent improvement. Net debt at the end of December was 3.1 per cent below the level seen a year earlier at €1063m. Group cement deliveries in 2014 increased by 1.8 per cent to 25.1Mt and ready-mixed concrete deliveries improved by 1.4 per cent to 12Mm³. Domestic reduction in line with overall market Buzzi Unicem's Italian turnover declined by a furt... |
HeidelbergCement update on Managing Board structure11 February 2015, Published under Cement NewsThe Supervisory Board of HeidelbergCement AG has decided to amend the structure of the Managing Board with the position of a deputy chairman. Effective 1 February 2015, Dr Dominik von Achten, member of the Managing Board in charge of the North America Group area, Group Purchasing and the Competence Center Materials, has been appointed deputy chairman of the Managing Board. Also on 1 February 2015 the extension of the Managing Board agreement of Dr Bernd Scheifele, Chairman of the Managin... |
HeidelbergCement volumes boosted by North America, UK and new capacities10 February 2015, Published under Cement NewsPreliminary full-year results from HeidelbergCement show improvements in sales volumes, revenue and operating income despite negative exchange rate effects, leading the company to describe 2014 as the most ‘successful year since the financial crisis.’ Despite significant exchange rate effects, the group’s revenue increased by four per cent to EUR12.6bn (+8 per cent on a like-for-like basis) and operating income improved to EUR1.6bn (+13 per cent L-F-L) supported by mild winter weather in E... |
Cementos Argos in expansion mode10 February 2015, Published under Cement NewsCementos Argos will be expanding its business in 2015 with investments of over US$400m, according to Jorge Mario Velásquez, president of Argos. He added that 2015 will be crucial for the company as it initiates a very important decade in the economy of US: “In the next 10 years in the US will see significant growth of the economy, it will be a dynamic decade, especially in the cement market where growth close to nine per cent is expected, accompanied by a recovery of prices are recorded, ... |
Holcim (Switzerland) to extend Gabenchopf quarry09 February 2015, Published under Cement NewsHolcim plans to expand the Gabenchopf quarry in Villigen, Switzerland, to the west to yield around 12Mt of rock. The step is designed to maintain operations for the next 10 years at the company’s Siggenthal works. The cement works has drawn upon Gabenchopf for its supply of limestone and marl since 1955. The raw materials are transported to the plant via a 3.7km-long conveyor belt. The current mining permit, which includes a comprehensive rehabilitation scheme, dates from 1998. Initia... |
Lafarge opens new building materials distribution centre, Algeria09 February 2015, Published under Cement NewsLafarge opened a new building materials distribution centre at M’Sila on 3 February 2015. "This new distribution centre is part of Lafarge Algeria’s business strategy to get closer to the end user and make a full range of high-quality products available at stable prices," said the company in a press statement. Lafarge operates two cement plants in Algeria - one in M’Sila and a further one in Oggaz (Mascara) - representing a total production capacity in the country of around 8.6Mta. It al... |
Cemex’ US EBITDA rises by 65% and trading loss almost eliminated06 February 2015, Published under Cement NewsCemex' turnover improved by 3.2 per cent in 2014 to US$15,708.5m and the EBITDA advanced by 3.7 per cent to US$2740.5m, while the trading profit rose by 12.3 per cent to US$1275.6m. The net interest charge rose yet again and was up by 4.3 per cent to US$1608.4m, while the pre-tax loss was reduced by 53.2 per cent to US$124m and the net attributable loss emerged 39.8 per cent lower at US$507.3m. Net debt, including perpetual notes, declined by 6.7 per cent during the year to US$16,291... |
Titan subsidiary acquires EBRD stake in ANTEA Cement06 February 2015, Published under Cement NewsTitan Group subsidiary Αlvacim Ltd has acquired the 20 per cent stake held by the European Bank for Reconstruction and Development (ΕBRD) in ANTEA Cement, a Titan Group subsidiary in Albania. As a result of this purchase, Titan Group holds 80 per cent of ANTEA’s share capital, whereas the remaining 20 per cent is held by the International Finance Corporation (IFC). |
Cementir increases profit and reduces debt06 February 2015, Published under Cement NewsCementir Holding's turnover in 2014 declined by 4.1 per cent to EUR948m, but at constant currencies there would have been a 5.3 per cent increase. The EBITDA, however, improved by 13.4 per cent to EUR192.4m, in spite of negative exchange rate movements though it was boosted by non-recurring credits of around EUR12m. As a result, the margin improved from 17.2 per cent to 20.3 per cent, or to 19 per cent excluding non-recurring items. The trading profit again showed a more marked advance, ri... |
Vulcan’s EBITDA grows by 28 per cent06 February 2015, Published under Cement NewsVulcan Materials' turnover increased by 8.1 per cent in 2014 to US$2994.2m and the EBITDA rose by 28.1 per cent to US$99.7m. After a net interest charge 20.2 per cent higher at US$242.7m, there was pre-tax profit of US$298.8m compared with a US$3.7m loss in 2013 and at the net level there was a jump from a US$24.3m profit to US$204.9m. Capital expenditure, which had jumped from US$93.4m to US$275.4m in 2013, declined by 18.3 per cent in 2014 to US$224.9m and is forecast to be in the regio... |