Cement News tagged under: corporate
Holcim04 April 2013, Published under Cement NewsHolcim Philippines reported record volumes in 2012. Cement shipments, which had declined by five per cent in 2011, rose by 21 per cent. Turnover grew by more than a quarter to PHP27,160m (EUR517.7m/US$660m) and the net profit, which had dropped by 47.1 per cent in 2011, jumped by almost 80 per cent to PHP3630m as the construction industry led the country's economic recovery. The company's management is expecting further volume growth in 2013 and is importing clinker to ensure cement supplies... |
Caribbean Cement workers protest over concerns on domestic declines04 April 2013, Published under Cement NewsUnion members of the Caribbean Cement Company Ltd (CCCL) have staged a demonstration amid concerns on continued declines in the domestic cement market. The one-hour protest took place outside the company’s plant in Rockfort, Jamaica. President of the National Workers Union (NWU), Vincent Morrison, told the Jamaica Observer that the demonstration was triggered by a number of issues, including the failure of the company to address proposals made by workers to arrest declining revenues. ... |
Lafarge04 April 2013, Published under Cement NewsLafarge's Greek subsidiary Heracles General Cement Company is closing down its Halkis works permanently, thereby reducing capacity by 2.3Mta. The Halkis works, which had been supplying the domestic market, has been idle since July 2011. The Attika market will now be supplied by the Drapetsona terminal that will receive its supplies from the two remaining Greek plants, at Volos and at Milaki. Since 2008, cement demand in Attika, the most important cement market in Greece, has dropped by 80... |
HeidelbergCement04 April 2013, Published under Cement NewsHeidelbergCement's turnover improved by 8.9 per cent last year to EUR14,020.2m (US$17,927m) while the EBITDA was ahead by 6.7 per cent to EUR2477.2m. At the trading level, the improvement reached 9.4 per cent to EUR1613.3m and the net interest charge was 2.4 per cent higher at EUR558.7m out of a total financial charge 10.3 per cent ahead at EUR640.9m. This resulted in a 23.6 per cent reduction in the pre-tax profit by to EUR607.4m. After a 36.6 per cent reduction in the tax charge and a turn... |
Cemex04 April 2013, Published under Cement NewsCemex Deutschland will have closed more than 10 batching plants by the end of March, either on a temporary or permanent basis, because of reduced levels of demand. |
Italcementi04 April 2013, Published under Cement NewsItalcementi's turnover declined by 3.8 per cent in 2012 to EUR4480.1m (US$5729m), but the underlying EBITDA was down by 9.8 per cent to EUR632. After impairment charges that jumped from EUR134.3m to EUR309.4m, the previous year's trading profit of EUR138.9m was turned into a EUR150.9m loss. Net financial charges were 0.9 per cent higher at EUR83m. A 91.2 per cent drop in exceptional costs and a 40.4 per cent reduction in the contribution from associates gave a pre-tax loss of EUR224.2m compa... |
Vicem Hoang Mai Cement posts first-quarter loss04 April 2013, Published under Cement NewsVicem Hoang Mai Cement JSC (HOM) has posted a first quarter loss of VND10bn (US$476,100) attributed to increased costs. The company closed 2012 with a net profit of VND112.72bn (US$5.39m) on revenue of VND1.53trn last year, down 13 per cent and up 8.07 per cent YoY, respectively. HOM is seeking approval from its parent company, Vietnam Cement Industry Corporation o revise up its 2013 pretax profit target by 4.65 per cent to VND90bn (US$4.29m) from the initial VND86 billion. |
Votorantim04 April 2013, Published under Cement NewsThe Votorantim group reported at turnover 4.8 per cent ahead at BRL24,792m (US$12,249m), of which the cement division represented 39.5 per cent, and an underlying EBITDA of BRL5101m of which cement accounted for 62.7 per cent. In the cement division, turnover was some nine per cent higher at BRL9800m and the EBITA improved by around 11 per cent to R$3200m. In Brazil, both volumes and prices were up by four per cent, while in North America volumes improved by 17 per cent and prices by 12 p... |
Buzzi Unicem04 April 2013, Published under Cement NewsOn a turnover that edged ahead by 0.9 per cent to EUR2813.4m (US$3597m), Buzzi Unicem's EBITDA improved by 4.8 per cent to EUR455.1m and the trading profit (EBIT) was ahead by 3.3 per cent to EUR197m. After a net interest charge 21.7 per cent higher at EUR126.1m, the pre-tax profit emerged 8.8 per cent lower at EUR77.8m. At the net attributable level there was a net attributable loss of EUR28.5m compared with a profit of EUR26.4m in the previous year. Net debt at the end of the year was 4.5 ... |
Cimpor04 April 2013, Published under Cement NewsCimpor's turnover from continuing activities declined by 3.1 per cent to EUR1510m (US$1930m) and compares wit the actual EUR2275.3m shown in 2011 on the old structure. The comparable EBITDA eased by 3.3 per cent to EUR464.7m and compares with an actual EUR616m. The trading profit came off by 4.8 per cent from EUR321.2m to EUR305.8m, whereas a year ago EUR372.8m was declared. The net financial charge, which a year earlier had amounted to EUR80.9m, was re-defined as EUR46.8m and almost trebled... |