Cement News tagged under: corporate
Cementir offsets a weaker Italy by better markets elsewhere06 February 2014, Published under Cement NewsCementir Holding's turnover improved by 1.3 per cent to EUR988.6m, while at constant currencies the increase would have been 5.6 per cent. EBITDA improved by 22.9 per cent to EUR169.7m, though this was boosted by non-recurring credits approaching EUR10m. As a result, the margin improved from 14.1 per cent to 17.2 per cent, or to 16.2 per cent excluding non-recurring items. The trading profit showed a more marked advance, rising by 59.1 per cent to EUR76.7m. Net debt at the end of 2013 ... |
Eagle Materials boosted by acquisition05 February 2014, 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 2013 rose by 37.2 per cent to US$757m. The trading profit before corporate overheads increased by 67.5 per cent to US$184.7m, of which cement contributed 41.9 per cent. The trading profit advanced by 96.8 per cent to US$166.3m. After a net interest charge 27.6 per cent higher at US$14.2, the pre-tax profit jumped by 107.3 per cent to US$152m and the net pr... |
Lafarge Pakistan to issue 143m to Pakistan Cement Holdings04 February 2014, Published under Cement NewsLafarge Pakistan Cement Ltd (LPCL) has received formal approval from the country's Securities and Exchange Commission to issue 143m shares to its holding company at par value (PKR10/share). This will increase the holding of Lafarge SA in Lafarge Pakistan from 73 to 76 per cent, according to a note to the Karachi Stock Exchange. The move, which reflects Lafarge SA's confidence in the Pakistani subsidiary, contradicts market newsflow that a potential sell-off or merger was on the cards. ... |
Cemex04 February 2014, Published under Cement NewsHelped by the strength of demand for white cement in north Africa, Cemex has received orders to export 100,000t of white cement from its Buñol works, which is the largest producer of white cement in Europe. The exports, to a large extent in big bags, will be made through the port of Sagunto and are mainly destined for customers in Europe and north Africa. |
Lafarge04 February 2014, Published under Cement NewsLafarge Republic in the Philippines, is building an additional cement mill at the Norzagaray works. This will provide an additional capacity of 0.85Mta and should come online during the second quarter of 2015. Lafarge Republic already has additional milling capacity under construction at its Teresa Razal works, which should start production in January of 2015. |
Holcim04 February 2014, Published under Cement NewsHolcim Indonesia sold 8.43Mt of cement during 2013, a decline of 1.8 per cent. When the second production line at Tuban comes on-stream, during the first half of next year, the combined capacity of Holcim's three works will reach 15Mta. |
Vicat advances in Switzerland, Asia and the USA04 February 2014, Published under Cement NewsVicat's turnover eased by 0.3 per cent in 2013 to EUR2286m, which translates into an underlying increase of 2.9 per cent on a like-for-like basis. Turnover in cement declined by four per cent to EUR1110m, or EUR1333m before deducting inter-group transfers. Aggregates and concrete sales rose by 6.1 per cent to EUR876m, while other activities saw turnover coming off by 3.4 per cent to EUR300m. Cement accounted for 50.6 per cent of turnover, down from the 52.3 per cent shown in the previous... |
SCG expects slower 2014 growth on impact of political instability31 January 2014, Published under Cement NewsSiam Cement Group (SCG) said it expects cement demand growth in Thailand to decelerate this year compared to the seven per cent advance seen in 2013, due to a slowdown in government infrastructure spending as a result of political unrest. Consumption has only increased by two per cent since the beginning of this year, versus a six per cent advance in the fourth quarter of last year, Reuters quoted Siam Cement chief executive Kan Trakhulhoon, as saying. Trakhulhoon has said growth of its... |
Cargotec's MacGregor completes acquisition of Aker Solutions unit31 January 2014, Published under Cement NewsCargotec's MacGregor has completed the acquisition of the mooring and loading systems business from Aker Solutions. Cargotec announced the agreement to acquire the unit in October 2013 for an enterprise value of approximately EUR180m. The unit will be consolidated into MacGregor's results as of 1 February 2014. "The addition of the mooring and loading systems' team members, technologies and products further positions MacGregor as a true leader in the marine and offshore equipment market. ... |
Fitch affirms Siam Cement ratings, outlook Stable30 January 2014, Published under Cement NewsFitch has affirmed Siam Cement Co's (SCC) National Long-Term Rating at 'A(tha)', National Short-Term Rating at 'F1(tha)' and its senior unsecured debentures at 'A(tha)'. The outlook is ‘Stable. Fitch expects SCC's capex to increase in 2014-2015 as it expands its businesses, particularly in Southeast Asia. A majority of investments will be in the cement and building materials businesses. It expects SCC's net adjusted debt/EBITDAR, including dividends from associates, to be within 3.0x-3.5x ... |