Cement News tagged under: corporate
Buzzi Unicem08 December 2014, Published under Cement NewsBuzzi Unicem's turnover for the first nine months edged ahead by 0.2 per cent to EUR1898.7m while EBITDA improved by 10.8 per cent to EUR302.5m. The trading profit was ahead by 15.1 per cent to EUR136.1m and net financial charges declined by 38 per cent to EUR50.7m. The contribution from associates increased by 22.6 per cent to EUR36.1m and the pretax profit advanced by 77.3 per cent to EUR121.8m. The tax charge still rose by 63.1 per cent while the minorities charge declined by 36.4 per cen... |
Italcementi08 December 2014, Published under Cement NewsItalcementi's turnover declined by 3.1 per cent to EUR3217.5m in the first nine months the year and the running EBITDA eased by 0.6 to EUR469.3m. Very substantially lower re-organisation costs and a 12.1 per cent reduction in depreciation and impairment charges resulted in the trading profit staging a 48.1 per cent recovery to EUR160.9m. The net interest charge rose by 15.7 per cent to EUR100m and there was a larger financial impairment charge, in spite of which, the pretax profit jumped fro... |
HeidelbergCement08 December 2014, Published under Cement NewsHeidelbergCement's turnover improved by 2.7 per cent to EUR10,127m in the first nine months of the 2014 and EBITDA was 5.7 per cent ahead at EUR1794m. At the trading level, the profit increased by 10.9 per cent to EUR1241m and after a net interest charge 12.1 per cent higher at EUR463m, an associates’ contribution 14 per cent lower at EUR17m and a lower net exceptional items contribution, the pretax profit declined by 15.3 per cent to EUR803m, giving a net attributable profit 33.5 per cent d... |
Lafarge08 December 2014, Published under Cement NewsIn the first nine months of the year, Lafarge's turnover, including its share of joint ventures, declined by 1.3 per cent to EUR11,332m while EBITDA edged ahead by 0.5 per cent to EUR2320m. The trading profit improved by 2.8 per cent to EUR1589m, while excluding associates there was a 1.2 per cent reduction to EUR1431m. Net financial charges declined by 6.7 per cent to EUR701m and the pretax profit was three per cent lower at EUR636m. Following a 33.3 per cent higher tax charge, the net attr... |
Holcim08 December 2014, Published under Cement NewsHolcim's turnover for the first nine months declined by 4.7 per cent to CHF14,243m, while in euro terms the reduction was 3.6 per cent to EUR12,136m and in US dollar terms the drop was just 0.9 per cent. On a like-for-like basis there was a 3.4 per cent increase. The Asia-Pacific region generated 36.6 per cent of group turnover, down from 37.5 per cent a year earlier, while Europe represented 29.9 per cent, up from 28.4 per cent. Latin America contributed 15.7 per cent against 17.1 per cent,... |
Changes in Holcim Ltd's senior management08 December 2014, Published under Cement NewsJacques Bourgon, currently head of OH&S, senior advisor to the CEO and member of Holcim Ltd's senior management, has decided to pursue other challenges outside the group. He will be leaving Holcim on 31 December 2014, according to a statement by the Swiss cement major. "Holcim thanks Jacques Bourgon for the valuable contributions he has made to the success of the Group in various roles during his 24 years with the company," Holcim said. |
Italy’s Competition & Market Authority awards three-star legality rating to Italcementi08 December 2014, Published under Cement NewsItaly’s competition and market authority, AGCM (Autorità Garante della Concorrenza e del Mercato), has awarded Italcementi a top three-star legality rating. The Legality Rating is an evaluation of a company’s legal compliance and the quality of its corporate governance and commitment to correct, sustainable business management. In this sense, it is also an enviable opportunity for firms to apply to the Authority for an authoritative independent assessment of their operations. "The rating a... |
Kenya: Bill Lay reappointed chairman of EAPCC08 December 2014, Published under Cement NewsPresident Uhuru Kenyatta has reappointed Bill Lay as chairman of East African Portland Cement Company (EAPCC) for a three-year term. The Head of State, through the latest gazette notice, extended the term of Mr Lay and backdated it to November 7 when it had lapsed. “In exercise of the powers conferred by section 6(1)(a) of the State Corporations Act, I, Uhuru Kenyatta... re-appoint William Lay to be the chairman and director of the East African Portland Cement Company Limited, for a period... |
AfDB mobilises US$60m loan for DRC cement project05 December 2014, Published under Cement NewsThe Nyumba Ya Akiba Cement project in the DR of Congo marked a significant milestone last week with the loan signing of US$135m. The 1.18Mta greenfield plant is a 50/50 joint venture between leading Pakistan cement producer Lucky Cement Ltd and Groupe Rawji, one of the DRC’s largest conglomerates. The project has attracted financial support from the African Development Bank (AfDB), Eksport Kredit Fonden (EKF, as guarantor to AfDB), Emerging Africa Infrastructure Fund (EAIF), Habib Ban... |
Sri Lanka: Cabral new chairman of Tokyo Cement04 December 2014, Published under Cement NewsDr Harsha Cabral, a senior counsel with 27 years' experience in the fields of company Law, Intellectual Property Law, Commercial Arbitration and Commercial Law & International Trade Law, has been appointed as chairman of Tokyo Cement (Lanka) PLC, effective 1 December 2014. Tokyo Cement Company (Lanka) PLC is a Sri Lanka-based company engaged in the manufacturing and selling of cement and ready mixed concrete to the local market. As of 31 March 2012, the company had four subsidiaries, namel... |