Cement News tagged under: corporate
Dyckerhoff sees advances in Russia, USA volumes stable03 May 2013, Published under Cement NewsDyckerhoff Group, a Buzzi Unicem subsidiary, reported a decline in sales for the first three months to the end of March 2013 due to unfavourable weather conditions. In an advanced statement, the group said that total sales were down by 11 per cent. Sales were down in all regions in which the group operates except for Russia where volumes increased, and the USA where they remained almost stable. Group EBITDA fell by a total of EUR9m, of which EUR2m was due to a one-time negative effect. Th... |
Cementos Molins first-quarter profit down by 53%03 May 2013, Published under Cement NewsSpanish cement maker Cementos Molins reported a 53 per cent on the year drop in its profit for the first quarter of 2013 to EUR4.7m, mainly due to the losses sustained by the domestic market. Spanish subsidiaries closed the quarter with a EUR10.96m loss, 47 per cent more than the previous year. Consolidated turnover reached EUR195m with income falling by 18 per cent in the Spain and 6.6 per cent in overseas markets. The company, which operates a cement plant in the Catalan capital o... |
Holcim03 May 2013, Published under Cement NewsHolcim has sold six quarries, seven batching plants, four asphalt plants and two block plants as well as 206Mt of aggregates reserves in Scotland to Breedon Aggregates for £34m (€39.9m). Holcim will retain its large Glensanda quarry and all its activities in the Scottish Central Belt and to the south thereof. |
Lafarge03 May 2013, Published under Cement NewsLafarge is pulling out of the cement market in Ukraine, where it is set to drop from fifth to sixth place when Altcom's two new production lines are both in service. The proposed sale of the 1.3Mta integrated wet-process works at Mikoliav to CRH for €96m, including the debt assumed, is still subject to official approval. Assuming the deal is cleared, it would give CRH a leading position in the Ukrainian market with three cement works. Lafarge will maintain a presence in the the country’s ... |
HeidelbergCement03 May 2013, Published under Cement NewsHeidelbergCement has bought out the remaining 49 per cent CJSC 'Construction Materials' at Sterlitamak, taking its ownership to 100 per cent. CJSC 'Construction Materials' has a cement capacity of 1.8Mta and is the market leader in the Russian republic of Bashkortostan. The initial 51 per cent was purchased towards the end of 2010 and the company employs some 760 people. |
Tvornica Cementa Kakanj net profit plummets, Bosnia-Herzegovina03 May 2013, Published under Cement NewsThe net profit of Tvornica Cementa Kakanj, part of the HeidelbergCement group, fell by almost half to BAM9.4m (EUR4.8m) from BAM17.2m a year earlier. Operating income fell to BAM66.5m in 2012 from BAM75.3m a year earlier while operating costs rose to BAM57.1m from BAM56.9m, the company said in a financial statement. At present, the 0.8Mta integrated works at Kankanj plant runs at about 60 per cent of its capacity. It is 45.58 per cent owned by HeidelbergCement. Following a 11.3 per ce... |
Vulcan Materials cement shipments improve, Jan-March 201303 May 2013, Published under Cement NewsLeading US aggregates producer Vulcan Materials' first quarter turnover was a mere 0.4 per cent ahead at US$538.2m higher and the EBITDA, which had recovered by 36.4 per cent a year ago, came off by 33.5 per cent to US$27.9m. At the trading level the seasonal loss increased by 8.2 per cent to US$50.1m. After a net interest charge that was 0.9 per cent higher at US$52.8m, the pre-tax loss emerged 5.2 per cent higher at US$100.4m and the net attributable loss was 5.4 per cent higher at US$5... |
Cemex03 May 2013, Published under Cement NewsCemex's first-quarter turnover declined by 5.3 per cent to US$3318.6m, while the EBITDA came off by 8.1 per cent to US$521.1m. The trading profit was off by just 0.5 per cent to US$239.1m. The net interest charge increased by 9.7 per cent to US$360.7m, giving an underlying pre-tax loss 33.3 per cent higher at US$141.1m. Once the results from financial instruments and foreign exchange movements are taken into account, there was a swing from a US$58.7m profit into a US$150.9m loss. The effecti... |
Cementarnica Usje 2012 net profit falls, Macedonia03 May 2013, Published under Cement NewsMacedonia’s sole cement producer Cementarnica Usje said its consolidated net profit fell to MKD1.32bn (EUR21.4m) in 2012 from MKD1.92bn a year earlier. Sales revenue fell 18 per cent to MKD3.76bn last year while operating profit decreased MKD1.28bn from MKD1.92bn. Despite Macedonian cement demand made solid gains in 2011 when it advanced 24 per cent to 0.82Mt from 0.66Mt the year before. However, much of this advance was surrendered in 2012 with forecasts indicating that demand fell 18 pe... |
Votorantim03 May 2013, Published under Cement NewsThe large privately-owned Brazilian conglomerate Votorantim Participações SA has announced its intention to float its Votorantim Cimentos on the São Paolo stock exchange, with a secondary listing for American depository receipts in New York. Its issue is expected during the second half of this year and is forecast to raise some US$5400m. Since last year's deal whereby Votorantim and Camargo Correa split the Cimpor assets between them, Votorantim became the sixth-largest international ceme... |