Cement News tagged under: corporate
Lafarge advances in markets outside Europe and the Near East07 November 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 attrib... |
Holcim management reshuffle07 November 2013, Published under Cement NewsHolcim has announced a series of changes in their most senior management team that will further streamline and focus the leadership of the company. Bernard Terver, a member of the Holcim Executive Committee, will assume responsibility for Africa, the Middle East and the Indian subcontinent (India, Sri Lanka and Bangladesh). Onne van der Weijde will remain area manager for India and will be instrumental in the foreseen restructuring of the two Indian operations ACC and Ambuja Cements. Javi... |
Lafarge 3Q net profit steady, announces new cost reduction and innovation targets06 November 2013, Published under Cement NewsLafarge reported a slight increase in the third-quarter profit with on the back of reduction initiatives, despite sales being impacted by negative currency movements. Chairman and Chief Executive Officer Bruno Lafont said: "With improving volume trends and despite the adverse effect of exchange rates, we continued to progress in the third quarter on our strategic action plan. ...We have accelerated and will complete our 2012-2015 cost reduction and innovation plan one year ahead of our in... |
Pakistan cement sector 1Q earnings rise 14%06 November 2013, Published under Cement NewsPakistan's cement sector earnings rose by 14 per cent in the first quarter of the current fiscal with nine of the country's leading producers posting higher growth. Lucky Cement, DG Khan, Fauji Cement, Maple Leaf Cement, Attock Cement, Pioneer Cement, Cherat Cement, Kohat Cement, Facto Cement together constitute 68 per cent of the sector’s market capitalization. Analysts at JS Research attribute the increased profitability to increasing margins and a reduction in financial costs due to ... |
Vicat sees growth in Asia and in the USA06 November 2013, Published under Cement NewsVicat's turnover for the first nine months of the year improved by a modest 0.6 per cent to EUR1740m, which represents an underlying advance of 3.2 per cent. The gearing level increased to 51.3 per cent at the end of September compared with 47.6 per cent a year ago. The expansion in Asia has been the main reason for the increased debt levels in recent years, but it is below the 53.3 per cent seen at the end of June. Turnover in cement was 2.8 per cent ahead at EUR855m, which represented 51... |
Tokyo Cement quarterly profit surges as costs fall, Sri Lanka06 November 2013, Published under Cement NewsSri Lanka's Tokyo Cement Company (Lanka) Plc, said profits in the September 2013 quarter rose to LKR619m (US$4.72m) in the September 2013 quarter up 166 per cent YoY due to lower raw material costs. The group said revenues were flat at LKR7.5bn in the September quarter but cost of sales fell seven per cent to LKR6.2bn from a year earlier, expanding gross profits 52 per cent to LKR1.3bn. |
Cemex05 November 2013, Published under Cement NewsFor the first nine months of the year, Cemex' turnover edged ahead by 0.7 per cent to US$11,352.7m, but the EBITDA eased by 0.3 per cent to US$2001.2m. The trading profit improved by 12.3 per cent to US$926.3m while the net interest charge increased by 8.3 per cent to US$1139.4m. The pretax loss was reduced by 27 per cent to US$174.3m, but a 53 per cent increase in the tax charge led to a 39.7 per cent increase in the net attributable loss to US$586.7m. The net debt at the end of September w... |
HeidelbergCement05 November 2013, Published under Cement NewsHeidelbergCement India, which markets its cement under the Mycem Cement brand, sold 17.7 per cent less cement at 2.21Mt, though in the third quarter a 20.9 per cent increase was recorded. The share of turnover generated in Central India rose from 67 per cent in the first nine months of 2012 to 80 per cent this year, as the output of the Damoh and Jhansi works in central India rose by 44.0 per cent, while those in the south and west registered a 24.6 per cent reduction. The turnover for th... |
Lafarge05 November 2013, Published under Cement NewsLafarge WAPCO Cement Nigeria, one of Lafarge's two main subsidiaries in Nigeria, has reported a 6.3 per cent increase in turnover to NGN74.27bn (€344.0m) for the first nine months of 2013, giving rise to a pretax profit of NGN 20.66bn (€95.7m). In the third quarter, the pretax profit jumped by some 65 per cent, though turnover was just five per cent ahead, as the three-week maintenance period that was taken in the comparative period last year, and let to the import of clinker, did not re-occ... |
Holcim05 November 2013, Published under Cement NewsACC Limited in India increased cement deliveries in the three months to the end of September by 2.6 per cent to 5.546Mt, while the nine-month number was off by 0.5 per cent at 18.08Mt. The turnover for the nine months was off by 2.7 per cent to INR82.150bn (€983.3m), with the EBITDA falling by 29.7 per cent to INR12.682bn (€151.8m) and the pretax profit declining by 15.3 per cent to INR9.764bn (€116.9m). At the net attributable level, however, there was a 1.2 per cent improvement to INR8.189... |