Cement News tagged under: corporate
CRH: climbing the building materials ladder06 February 2015, Published under Cement NewsNews that CRH has beaten off competition to acquire a package of assets from Lafarge and Holcim ahead of their planned merger has been welcomed by the market, but not everyone is convinced by the rationale and apparent shift in strategy. CRH confirmed on Monday that it had “entered into a binding agreement to acquire certain assets currently owned by either Lafarge and Holcim that the companies must sell for their proposed merger to receive regulatory approval across various juris... |
Cemex LatAm 2014 turnover declines, consolidated sales rise05 February 2015, Published under Cement NewsCemex Latin American Holdings saw turnover decline by 1.4 per cent to US$1725m during 2014 and EBITDA decline by 8.84 per cent to US$577m with the margin declining from 36.2 to 33.5 per cent. The trading profit came down by 7.9 per cent to US$478.4m and after a 20.5 per cent drop in financial expenses to US$90.4m and other items, the pre-tax profit did improve by 4.1 per cent to US$419.1m. After tax and minorities, the net attributable profit emerged 3.5 per cent ahead at US$273.4m. The n... |
SCCC 4Q14 profit declines05 February 2015, Published under Cement NewsSiam City Cement Co (SCCC) reported a decline 4Q14 profit after as its margin was further squeezed by higher power costs and a maintenance shutdown and weak domestic demand. Thailand’s second-largest cement procure posted a 4Q14 normalized profit of only THB642m (US$19.7m), down 26.5 per cent YoY and 39.6 per cent QoQ. The results are attributed to 1) lower domestic demand, but volumes were partly mitigated by an increase in exports following the reopening of Kiln Line 1; 2) a fall in gros... |
Vicat increases cement shipments by 13.7%04 February 2015, Published under Cement NewsVicat's turnover improved by six per cent in 2014 to €2423m, which translates into an underlying increase of eight per cent on a like-for-like basis. Turnover in cement advanced by 13.7 per cent to €1261m, or €1483m before deducting inter-group transfers. Aggregates and concrete sales declined by 1.8 per cent to €860m, while other activities saw turnover edging ahead by 0.3 per cent to €301m. Cement accounted for 53.7 per cent of turnover, up from the 50.6 per cent shown in the previ... |
Eagle Materials net profit rises by 37.8%04 February 2015, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the first nine months to 31 December, rose by 19.1 per cent to US$941.2m. The trading profit before corporate overheads increased by 33.7 per cent to US$246.9m, of which cement contributed 39.1 per cent. The trading profit improved by 32.5 per cent to US$220.3m. After a net interest charge 15.3 per cent lower at US$12.1, the pre-tax profit advanced by 37 per cent to US$208.2m and the net prof... |
CRH strikes deal to acquire €6.5bn Holcim and Lafarge assets02 February 2015, Published under Cement NewsCRH has reached a deal to acquire €6.5bn in the assets of Lafarge and Holcim who are restructuring to win regulatory approval for their planned merger. The deal will significantly expand CRH’s globally footprint in the cement industry by acquiring new facilities in the Philippines, Canada, Brazil and several countries in Europe. Commenting on the acquisitions, CRH chief executive Albert Manifold said: “This transaction represents a significant value creation opportunity for CRH. We are acqu... |
MP visits Lafarge Tarmac Dolyhir and Gore quarries, UK02 February 2015, Published under Cement NewsLafarge Tarmac welcomed Roger Williams CBE Member of Parliament for Brecon and Radnorshire, to Dolyhir and Gore Quarries to understand more about the economic and community benefits to his local constituency. As joint chairman of the All Party Parliamentary Group for Minerals, Mr Williams is well versed on the importance of minerals to the national economy and the local teams were delighted to show him around. Dolyhir and Gore Quarries have a long history of mineral extraction, dating bac... |
FLSmidth concludes Cembrit sale02 February 2015, Published under Cement NewsFLSmidth has now successfully closed the divestment of Cembrit to Solix Group AB, to sell all shares in Cembrit Holding A/S at a price of DKK1.1bn (enterprise value on a debt-free basis). Cembrit is one of the leading distributors and manufacturers of fibre-cement products in Europe. The deal was initially announced in mid-January 2015 and concludes FLSmidth's divestment of building materials companies. |
CRH withdraws from aerated concrete in Poland30 January 2015, Published under Cement NewsThe Polish CRH subsidiary Grupa Ozarow has now received Polish competition authority approval to sell its aerated concrete subsidiary Grupa Prefabet SA to the Danish aerated concrete producer H+H International. The deal values Grupa Prefabet at just over €14m and the move is aimed at reducing the fragmentation in the highly competitive Polish aerated concrete market. |
India Ratings reaffirms Long-Term Issuer Rating to HeidelbergCement India28 January 2015, Published under Cement NewsCredit rating agency India Ratings and Research has reaffirmed Long-Term Issuer Rating of 'AA-' with stable outlook to the HeidelbergCement India. The rating indicates the high degree of safety regarding timely servicing of financial obligations and very low credit risk. HeidelbergCement Inida has production facilities at Damoh (Madhya Pradesh state), Jhansi (Uttar Pradesh), Ammasandra ( Karnataka) and Cochin (Kerala), and markets its products under the brand name Mycem across the various... |