Cement News tagged under: corporate
HeidelbergCement India announces appointment of chief operating officer06 June 2014, Published under Cement NewsHeidelbergCement India Ltd has informed Bombay Stock Exchange that Jamshed Naval Cooper, director (Sales & Marketing) of HeidelbergCement India Limited (HCIL) has taken over the position as chief operating officer of the company, reporting to Ashish Guha with effect from 4 June 2014. Cementrum I B.V. of Netherlands, the holding company of HCIL, has proposed the appointment of Mr Cooper as managing director of the company with effect from 1 July 2014, subject to the approval of Nomination & ... |
Holcim05 June 2014, Published under Cement NewsHolcim France inaugurated its latest batching plant at Clichy-Batignolles in the Ile-de-France region on the 14 May. Cement and aggregates are delivered to the plant by rail. |
Lafarge05 June 2014, Published under Cement NewsLafarge's first-quarter turnover declined by 1.6 per cent to EUR2633m under IFRS11 and by 0.4 per cent to EUR3136m under the accounting method previously used. The EBITDA edged ahead by 0.3 per cent to EUR343m under IFRS11 but improved by 4.7 per cent to EUR3980m under the previously applied accounting rules. The running profit under the new rules show a 14.6 per cent increase to EUR146m, while under the previously applied rules there would have been a 30.6 per cent rise to EUR162m, helped b... |
HeidelbergCement05 June 2014, Published under Cement NewsHeidelbergCement's first-quarter turnover improved by 5.7 per cent to EUR2749.8m and the EBITDA improved by 15.7 per cent to EUR228.8m and the trading profit jumped from EUR9.3m to EUR50.4m. The net interest charge increased by 3.1 per cent to EUR134.5m and the pretax loss was reduced by 36.6 per cent to EUR104.2m and the net attributable loss declined by 37.7 per cent to EUR146.5m. Capital investment in the period was increased by 79.1 per cent to EUR251.1m, while spending on acquisitions d... |
Cemex05 June 2014, Published under Cement NewsCemex is building 0.44Mta of additional grinding capacity in Nicaragua, which should just over double the cement capacity to 0.86Mt by 2017. The construction of the new grinding centre at Ciudad Sandino, Managua, will take place in two phases and represent a total investment of US$55m. The first phase, of 220,000tpa is expected to be commissioned towards the middle of next year, with an identical capacity being added by the end of 2017. |
Italcementi05 June 2014, Published under Cement NewsItalcementi's first-quarter turnover declined by 3.3 per cent to EUR932.9m while the running EBITDA staged a 10.2 per cent recovery to EUR95.5m. The trading loss was reduced by 74.6 per cent to EUR4.2m and net interest charge increased by 29.3 per cent to EUR33.2m. The pretax loss increased by 19.6 per cent to EUR44.2m, but a lower tax charge reduced the net attributable loss by 12.7 per cent to EUR68.3m. The net debt at the end of March was 1.4 per cent lower at EUR2076.5m, to give a gearin... |
Buzzi Unicem05 June 2014, Published under Cement NewsBuzzi Unicem's first-quarter turnover increased by a restated 11.6 per cent to EUR496.38m and the EBITDA went from a EUR8.48m loss to a positive EUR10.26m. The loss at the trading level was reduced by 36.1 per cent to EUR37.42m. Net financial charges increased by 29.4 per cent to EUR32.75m giving a seasonal pretax loss 20.4 per cent lower at EUR61.12m. Net debt at the end of March was 6.7 per cent higher at EUR1170.6m, giving a gearing level of 53.8 per cent compared with a restated 47.7 per... |
Cimpor05 June 2014, Published under Cement NewsCimpor has reported an adjusted first-quarter turnover 6.8 per cent lower at EUR592.5m and the EBITDA declined by 9.7 per cent to EUR133.1m. Measured in local currency, however, there was a profit growth rate of 15.3 per cent, but the euro strengthened considerably against most other currencies in which Cimpor trades. The trading profit (EBIT) was 8.8 per cent lower at EUR89.8m. The net financial jumped from EUR28.9m to EUR92.9m to give a pretax loss of EUR3.1m, compared with a profit of EUR... |
CRH05 June 2014, Published under Cement NewsCRH's underlying sales in the first four months of 2014 improved by around 10 per cent in Europe and by about two per cent in the Americas. The weather effects were the inverse of the same period last year, as this time Europe had a much milder winter, while parts of North America suffered from a very cold first few months. Some EUR60m was spent on seven relatively-modest acquisitions during the period, considerably less than the EUR230m spent during the same period last year or even the EUR... |
Semen Indonesia targets Bangladesh acquisition03 June 2014, Published under Cement NewsSemen Indonesia is looking to acquire a cement plant in Bangladesh to strengthen its position in the Asian market. President director, Dwi Soetjipto, told local press that it hopes to complete the purchase later this year or early in 2015. The factory in question is reported to have a capacity of 06.-1Mta. It is also planning to strengthen its regional grip by acquiring a cement company in Myanmar, the process of which is expected to be completed in July. In 2012, Semen Indoensia make it... |