Cement News tagged under: corporate
Italcementi02 April 2014, Published under Cement NewsItalcementi's 2013 turnover declined by 5.4 per cent to EUR4235.4m while the underlying EBITDA way off by just 1.9 per cent to EUR631m. The depreciation charge declined by 6.5 per cent to EUR426.5m and impairment charges dropped by 89.6 per cent to EUR32.1m from EUR309.4m and the previous year's trading loss EUR140.2m was turned into a trading profit of EUR159.3m. Net financial charges rose by 31.1 per cent to EUR123.9m and the contribution from associates declined by 27.2 per cent to EUR8.1... |
Cemex02 April 2014, Published under Cement NewsCemex Philippines is adding 1.5Mta of cement capacity at its Naga works this year and is also expanding its terminal and distribution facilities. Cemex Philippines is looking for further growth in demand on the back of higher construction activity and increased government spending. |
HeidelbergCement02 April 2014, Published under Cement NewsHeidelbergCement's 2013 turnover eased by 0.6 per cent to EUR13,935.9m and the EBITDA declined by 2.1 per cent to EUR2424.4m. At the trading level, however, there was a 75.1 per cent improvement to EUR1649.7m because of changes in the valuation system, but the increase over the figure shown a year ago was just 2.3 per cent. The net interest charge was 10.3 per cent lower at EUR501.4m out of a total financial charge 12.1 per cent down at EUR568.9m, giving a pretax profit 82.7 per cent higher ... |
Lafarge02 April 2014, Published under Cement NewsLafarge Nigeria has plans to more than double its capacity in Nigeria from 6Mta to 16Mta over the next three to four years. The additional capacity is to be installed at the Calabar works and Ashaka Cement, and will involve an investment of around EUR1bn, a sum equal to what Lafarge has invested in the country in the 2008-13 period. Lafarge Republic Cement in the Philippines, which last year increased its net profit by some 30 per cent to US$82.6m (EUR60m) and saw a 16 per cent rise in tu... |
Holcim02 April 2014, Published under Cement NewsHolcim’s Indian subsidiary ACC has emerged as the favourite to buy the majority stakes in the two cement works at Bhilai and Bokaro from the Jaypee Group that have a combined capacity of just over 4Mta. Both stakes stand at 74 per cent, with Steel Authority of India awning the remaining equity. Last year, Jaypee Group sold a 4.8Mta cement works to UltraTech to reduce debt levels. Holcim has announced the suspension of its CAD250m (EUR165m) investment to expand capacity at its Joliette cem... |
Holcim Spain issues new ERE02 April 2014, Published under Cement NewsHolcim Spain has presented a new record of employment regulation (ERE) that will affect 141 staff. While Holcim is reported by construction organisation Fecoma to have plans to sell its Gádor (Almería) cement works, the ERE mainly affects workers in the concrete mortar and aggregates divisions. The adjustment in its workforce is part of ongoing changes made in recent years by several Spanish cement makers, including Cemex and Cementos Portland. Spain’s cement sector has made considerab... |
Egypt: Suez Cement increases dividend payout02 April 2014, Published under Cement NewsSuez Cement, part of the Italcementi group, will pay a cash dividend of EGP2.65/share (US$0.38), it said in a statement published yesterday. The company said it would make the payment in two phases. EGP1/share will be distributed in April, and the remainder of EGP1.65/share in September. Last year, Suez Cement paid a cash dividend of EGP1.65/share, according to Thomson Reuters data. |
Kenya: ARM Cement reports 12% rise in pretax profit01 April 2014, Published under Cement NewsKenya’s second largest cement producer ARM Cement saw a 12 per cent rise in full year pretax profit to KES2bn (US$23.17m). Earnings per share increased to KES2.73 from KES2.52, the company said in a statement. |
Ashaka Cement pretax profit declines, Nigeria01 April 2014, Published under Cement NewsNigeria’s Ashaka Cement said its pretax profit fell last year to NGN2.84bn (US$17.2m) from NGN5.47bn in the last year. Turnover only slipped to NGN21.69bn from NGN21.82bn, the company said in a filing with the Nigerian Stock Exchange. |
Venezuela industry minister revokes Andino appointment31 March 2014, Published under Cement NewsVenezuela’s Minister of Industry has revoked the appointment of Cemento Andino Chairman Gilberto Antonia Barrios Contreras. |