Cement News tagged under: corporate
Vicat04 April 2013, Published under Cement NewsTurnover was up by 1.2 per cent in 2012 to EUR2292.2m (US$2930m), but the EBITDA declined by 10.9 per cent to EUR437.4m and the trading profit fell by 20.8 per cent to EUR245.2m. The net interest charge, which had jumped by 60.5 per cent in 2011, declined by 14.8 per cent to EUR34.4m and the total net financial charge emerged 7.9 per cent lower at EUR40.4m. The contribution from associates jumped by 94.9 per cent to EUR3m, giving a pre-tax profit 20 per cent lower at EUR207.6m and the net at... |
Al Abbas Cement announces name change, Pakistan04 April 2013, Published under Cement NewsPakistan-based producer Al Abbas Cement has officially changed its name to Power Cement, the company informed the Karachi Stock Exchange yesterday. The company operates a cement plant in Nooriabad, Dadu, with a clinker and cement capacity of 0.9Mta and 0.95Mta, respectively. According to its half-yearly report (July-December 2012) it has reduced accumulated losses from PKR2.184m as at the end of December 2011 to PKR1.412m at the end of 2012. Gross profit increased by PKR144.549m compar... |
Votorantim Cimentos sees gains in Brazil, USA03 April 2013, Published under Cement NewsVotorantim Cimentos’ turnover was nine per cent higher at BRL9800m (US$4.85bn) in 2012 and the EBITDA improved by around 11 per cent to BRL3200m. 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 per cent. "The combination of a favorable market alongside the opening of new factories and mills allowed a four per cent increase in sales volume in Brazil, reaching 24Mt. The average price of cement rose fou... |
Cemex UK wins Gold Status for fleet system03 April 2013, Published under Cement NewsFrom over 1900 companies, Cemex UK is one of 10 companies to achieve Gold Status in the Fleet Operators Recognition Scheme (FORS) run by Transport for London (TFL). Cemex has been a member of the scheme since 2008 and has cement tankers, aggregate tippers and readymix concrete trucks delivering vital building materials to construction projects in London. FORS, a voluntary certification scheme, is a method of recognising fleet operations in the Capital that meet with the required standa... |
Conch Group to issue short-term bills, China03 April 2013, Published under Cement NewsThe Anhui Conch Group said it plans to issue CNY1.5bn (US$241m) in unsecured bills with a maturity of 365 days on the inter-bank market next week. The company said in a statement that this batch of bills will be issued on the 10 April 2013 at face value and the coupon rate determined during the the process of bookbuilding, China Knowledge Press reports. Agricultural Bank of China has been hired as book runner and lead underwriter for the offering and China Construction Bank Co will be ... |
Seacem sells entire stake in Lafarge Republic, Philippines02 April 2013, Published under Cement NewsSoutheast Asia Cement Holdings Inc (Seacem) has sold its entire stake in listed affiliate Lafarge Republic Inc worth PHP11.32bn (US$227.9m). The stake has been sold as part of the company's bid to raise cash and improve the firm's financial position amid the likely entry of a new investor, Seacem said in a disclosure. |
Dongwu Cement's net profit slumps, China02 April 2013, Published under Cement NewsDongwu Cement International Ltd saw its net profit slump 98.81 per cent YoY to CNY1.04m (US$ 167,722) . Operating revenue, meanwhile, dropped 30.8 per cent YoY to CNY321m in 2012, the company said in a statement. Dongwu Cement International Ltd is a cement and clinker producer in Wujiang City, Suzhou Prefecture, which is situated in south Jiangsu Province. It employs NSP technology in the production process and its principal products include ordinary Portland cement strength class 42.5 (PO... |
Lafarge North America sells Wichita, Kansas, assets to Summit Materials02 April 2013, Published under Cement NewsLafarge North America is selling its Wichita aggregates, concrete and asphalt/paving operations to Summit Materials. The Lafarge-Summit agreement involves Lafarge’s three aggregate quarries, five ready-mix concrete sites and three asphalt operations in the Wichita area, according to Lafarge. The transaction is expected to close in early April. Layoffs are expected although how many employees it will affect has not yet been specified. Lafarge has had the Wichita operations since November ... |
Buzzi Unicem net profit down on declines in Central Europe, Italy01 April 2013, Published under Cement NewsBuzzi Unicem said on Thursday it posted an attributable net loss of EUR28.5m in 2012 compared with a profit of EUR27m in 2011, due to declines in Central Europe and a major slowdown of building activity in its domestic market of Italy. Improvements were, however, seen in the United States, Russia and Mexico. On a turnover that edged ahead by 0.9 per cent to EUR2813.4m, 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 EU... |
Fitch Ratings affirms Cimentos Tupi's rating, Brazil01 April 2013, Published under Cement NewsFitch Ratings has affirmed Brazilian cement producer's Cimentos Tupi's 'B' ratings but has warned that a ratings downgrade could result from delays in the inauguration of the its new kiln. Tupi is expected to receive government licenses to start operation of its Pedra do Sino kiln during May. "Receiving the approval in a timely manner will be crucial to avoiding a future downgrade, as the company's size is not sufficient to support its debt obligations over the medium term without the sa... |