Cement News tagged under: corporate
HeidelbergCement04 June 2013, Published under Cement NewsHeidelbergCement's first-quarter turnover was down by 1.4 per cent to €2760.5m, but the EBITDA improved by 3.5 per cent to €218.8m and the trading profit was €4.1m higher at a €15.6m. The net interest charge was 1.4 per cent lower at €133.3m, but the pre-tax loss increased by 9.8 per cent to €161.7m and the net attributable loss emerged 13.2 per cent higher at €234.9m. Capital investment in the period was 22.2 per cent lower at €123.8m, while spending on acquisitions jumped from €2.6m to €26... |
Cemex04 June 2013, Published under Cement NewsCemex, which had a global alternative fuels usage of 27.1 per cent in 2012 has announced that Cemex Germany reached an alternative fuels utilisation rate of 82.6 per cent in April of this year, with the Beckum plant achieving 90.9 per cent. The Cemex works at Odessa in Texas is being extended to serve the growing cement demand in western Texas. A 345,000tpa expansion has been announced, which will take the plant's capacity to almost 0.9Mta. |
Italcementi04 June 2013, Published under Cement NewsItalcementi's first-quarter turnover declined by 9.3 per cent to €964.8m and the running EBITDA fell by 32.7 per cent to €88.5m. The €21.3m trading profit a year earlier dropped to a €16.5m loss and the pre-tax loss jumped from €3.4m to €36.9m, though the net interest charge was 10.1 per cent lower at €25.7m. The net attributable loss jumped by 59.9 per cent to €78.2m. The net debt at the end of March was 3.4 per cent lower at €2105.9m, to give a gearing level of 51.3 per cent, compared with... |
Votorantim04 June 2013, Published under Cement NewsThe Votorantim Industrial group is to float Votorantim Cimentos on the São Paulo stock exchange with a secondary listing in New York. The intention is to sell 400m units, each consisting of one ordinary share and two preference shares. The preliminary prospectus is indicating a unit price in the range of BRL16 (US$7.80) and BRL19 (US$9.26), which in theory should raise between US$3120m and US$3705m. Votorantim Cimentos has indicated that it intends to spend around US$1060m in Brazil and t... |
Cimpor04 June 2013, Published under Cement NewsA considerably restructured Cimpor has reported a first-quarter turnover increasing by 22 per cent from €521.2m to €635.9m and the EBITDA emerged 15.2 per cent ahead at €147.4m, of which the newly-acquired assets contributed €68m. The restructured group incurred a depreciation and provision charge that was 17.3 per cent lower at €41.1m, leading to a 35.8 per cent increase in the trading profit to €106.3m. The net financial charge was almost trebled (+170 per cent) to €28.9m, to give a pre-ta... |
CRH04 June 2013, Published under Cement NewsCRH's sales volume for the first four months of the year was affected by the prolonged and hard winter weather, with the result that turnover declined by around 12 per cent in Europe and by some two per cent in the Americas. These shortfalls are unlikely to be fully made up for during the months of May and June. The adverse weather conditions had a particularly marked effect in Poland, where cement deliveries in the four months showed a 39 per cent drop. In Ukraine, there was an underlyin... |
Buzzi Unicem04 June 2013, Published under Cement NewsBuzzi Unicem's first-quarter turnover declined by 10.5 per cent to €503.14m and the EBITDA dropped by 51 per cent to €11.75m. The loss at the trading level was 29.7 per cent higher at €42.03m. Net financial charges declined by 7.3 per cent to €25.83m to give a seasonal pre-tax loss 7.1 per cent higher at €68.82m. Net debt at the end of March was 9.1 per cent higher at €1227.0m, giving a gearing level of 50.4 per cent compared with 47.1 per cent a year earlier. Capital investment was 11.1 per... |
Semen Baturaja announces IPO, Indonesia31 May 2013, Published under Cement NewsIndonesian state-run cement maker Semen Baturaja plans to raise up to IDR1.6trn (US$163m) from an initial public offering next month to finance expansion as its existing production base nears maximum utilisation levels. State Enterprises Ministry's deputy head of restructuring and strategic planning, Wahyu Hidayat, that the indicative share prices of between IDR500-685 has been approved, according to reports in the Jakarata Globe. The South Sumatra-based company is selling 2.34 billion ... |
Lafarge Malayan Cement changes name to Lafarge Malaysia Bhd31 May 2013, Published under Cement NewsLafarge Malayan Cement Bhd has been changed to Lafarge Malaysia Bhd, Bursa Malaysia Bhd announced yesterday. Bursa said the new stock short name for the company is LAFMSIA. The company's shares will be traded and quoted under the new name, with effect from 31 May 2013, it said. |
Xinjiang Tianshan Cement Co to issue CNY500m notes31 May 2013, Published under Cement NewsXinjiang Tianshan Cement Co, based in China's Xinjiang Uygur Autonomous Region said on Thursday that it would float CNY500m (US$4m) in unsecured notes with a maturity of three years on June 6, 2013. According to the company, it would use CNY250m of the proceeds to boost working capital and the remaining CNY250m to repay bank loans. By the end of September 2012, the company's undue bank loans stood at CNY1.442bn. Xinjiang Tianshan Cement said that the notes will be issued at face value, a... |