Cement News tagged under: corporate
Buzzi Unicem02 December 2013, Published under Cement NewsBuzzi Unicem's turnover for the first nine months declined up by 3.2 per cent to EUR2078.5m and the EBITDA came off by 10.6 per cent to EUR335.8m. The trading profit was down by 16.4 per cent to EUR169.8m, but net financial charges came off by 9.5 per cent to EUR81.4m. After a 37.9 per cent increase in the contribution from associates, the pretax profit emerged 18.3 per cent lower at EUR95m. The tax charge still rose by 73.8 per cent, though the minorities charge did decrease by 32.9 per cen... |
Italcementi02 December 2013, Published under Cement NewsItalcementi's turnover declined by 5.2 per cent to EUR3217.5m in the first nine months the year and the running EBITDA was off by seven per cent to EUR473.1m, with no profit coming from the sale of emission rights. After higher re-organisation and impairment charges, the trading profit fell by 35.6 per cent to EUR108.1m while the net interest charge rose by 5.9 per cent to EUR86.2m. After a sharply lower contribution from associates and a substantial financial impairment charge, the pretax p... |
HeidelbergCement02 December 2013, Published under Cement NewsHeidelbergCement's turnover eased by 0.7 per cent to EUR10,450.3m in the first nine months of the 2013 and the EBITDA was 0.9 per cent lower at EUR1763.9m. Kiln fuel costs declined by 7.3 per cent, but the cost of electric power increased by 2.4 per cent. At the trading level, the profit was off by 0.7 per cent to EUR1143.4m and after a net interest charge 9.7 per cent lower at EUR382.1m, an associates contribution 23.1 per cent lower at EUR22.3m and net exceptional items, the pretax profit ... |
Lafarge02 December 2013, Published under Cement NewsIn the first nine months of the year, Lafarge's turnover declined by 4.4 per cent to EUR11,484m while the EBITDA fell by 10.5 to EUR2309m. At the trading level the reduction was 15.2 per cent to EUR1546m, while net financial charges eased by 1.7 per cent to EUR792m and other expenses fell to less than a third of the previous year's charge, leading to a pretax profit 6.3 per cent lower at EUR656m. A lower tax charge and an increased income from discontinued activities led to a net attributabl... |
Holcim02 December 2013, Published under Cement NewsHolcim's turnover for the first nine months declined by 6.1 per cent to CHF14,941m, while in euro terms the reduction was eight per cent to EUR12,136m and in US dollar terms the decline was 5.7 per cent. The Asia-Pacific region generated 37.5 per cent of group turnover, down from 39.3 per cent a year earlier, while Europe represented 28.4 per cent, up from 26.5 per cent. Latin America contributed 17.1 per cent against 15.6 per cent, North America 15.7 per cent against 14.3 per cent and Afric... |
New DR Congo project set for financial close02 December 2013, Published under Cement NewsLucky Cement is in the process of negotiating finance terms and conditions with multilateral and financial institutions for a 1.8Mta cement plant in the DR of Congo. With most of the loan terms agreed upon, the Pakistan-based cement producer expects financial close over the December 2013-January 2014 period. The greenfield project is a joint venture between Lucky Cement and Groupe Rawaji in the DR of Congo. Senior management for the new company are already in place, with the CEO appoin... |
AVIC confirms bid for KHD02 December 2013, Published under Cement NewsAVIC International Engineering has published the offer document for the voluntary public takeover offer to the shareholders of KHD to acquire all shares in KHD. According to a release, the joint bidders offer a cash consideration of EUR6.45 per KHD share. The offer price includes a premium of approximately 35 per cent on the weighted average domestic stock exchange price for KHD shares in the three-month period prior to the publication of the decision to launch the takeover offer on 11 Octo... |
TCC International receives buyout bid28 November 2013, Published under Cement NewsTCC International Holdings said it received a buyout offer from its parent company Taiwan Cement Corp. Taiwan Cement currently holds a 56.5 per cent stake in TCC International Holdings. The proposed deal is valued at HKD5.59bn (US$721m), according to Bloomberg. The deal will allow Taiwan Cement to book the full profits of the Hong Kong unit, TCC International Holdings Ltd, which has a major production base in China and is benefiting from rising product prices there, analysts said. |
Berenberg upgrade boosts HeidelbergCement28 November 2013, Published under Cement NewsAnalysts at Berenberg have raised recommendation on HeidelbergCement’s stock to "buy" from "hold" as concerns over a slowdown in Indonesia are limited. "We have reviewed HeidelbergCement's Indonesian exposures and our scenario analysis suggests that downside risk posed by a temporary slowdown here is relatively limited," Berenberg analysts said in a note, raising their price target to EUR63 from EUR50. Shares in HeidelbergCement rose 1.8 per cent to the top of Germany's blue-chip DAX in... |
Semen Indonesia sets 2014 capex target at IDR6trn28 November 2013, Published under Cement NewsPT Semen Indonesia said it requires IDR6trn (US$508m) capital expenditure for expansion in 2014, the company’s president director has said. Speaking to local media, Dwi Soetjipto, said Indonesia's largest cement producer had between IDR4trn-5trn. “The available capex currently does not include expansion plans in Myanmar and Bangladesh. To do that, we need a total of IDR6trn,” Dwi Soetjipto, said as quoted by Kontan.co.id. Soetjipto added that Indonesia's largest cement producer currentl... |