Cement News tagged under: corporate
Buzzi Unicem04 March 2013, Published under Cement NewsBuzzi Unicem turnover edged ahead by 0.9 per cent last year to EUR2813m, of which Dyckerhoff contributed an almost unchanged EUR1603m. The underlying EBITDA, which will be announced on 28 March, is estimated to be around EUR450m. Net debt at the end of December had been reduced by 1.6 per cent to EUR1125m. Group cement deliveries declined by 3.4 per cent last year to 27.3Mt, but they ahead in the Russia, the United States and Mexico. Ready-mixed concrete deliveries were off by 9.5 per cent t... |
CRH04 March 2013, Published under Cement NewsCRH's turnover improved by 3.2 per cent last year to EUR18,659m while the EBITDA was off by one per cent to EUR1640m. There were 36 acquisitions during the year, and the outlook for acquisition opportunities is deemed positive. The trading profit declined by three per cent to EUR840m and after other charges, including a net interest charge 12.7 per cent higher at EUR258m and a EUR230m gain on disposals, compared with EUR55m in 2011, the pre-tax profit declined by 5.2 per cent to EUR674m. Exc... |
Vicat04 March 2013, Published under Cement NewsVicat's turnover increased by 1.2 per cent in 2012 to EUR2292.2m, which becomes an underlying decline of 0.2 per cent on a like-for-like basis. Turnover in cement was ahead by 1.6 per cent to EUR1155.7m, while aggregates and concrete sales were ahead by one per cent to EUR826.1m. Other activities saw turnover edge ahead by 0.2 per cent to EUR310.5m. Cement accounted for 52.3 per cent of turnover, very marginally higher than the 52.1 per cent in the previous year. The concrete and aggregates ... |
Boral consolidates Australian construction and cement divisions04 March 2013, Published under Cement NewsBuilding materials producer Boral Ltd has said it will consolidate its Australian construction materials and cement segments into one Australian division as part of ongoing restructuring initiatives. As a result of the merger, Joseph Goss has been appointed Divisional Managing Director, Boral Construction Materials and Cement, effective 1 April 2013. Mr Murray Read’s position of Divisional Managing Director, Boral Construction Materials will be made redundant and Mr Read will leave the or... |
South Africa’s cement industry body to close04 March 2013, Published under Cement NewsSouth Africa’s Cement and Concrete Institute (C&CI) is to close down following the withdrawal of funding from some of the key funding members, local producer AfriSam disclosed in a statement on Friday. AfriSam said it believes in the value that the C&CI offered the construction industry and explored various other options in an effort to sustain this industry body. "Unfortunately, no solution could be found. As a result, AfriSam had no choice but to tender its resignation from the Cement ... |
HASLE Refractories opens India subsidiary04 March 2013, Published under Cement NewsHASLE Refractories A/S, former FLSmidth company, has established a subsidiary in Hyderabad, India. HASLE Refractories India Pvt Ltd will be headed by Mr Sumanta Mukhopadhyay, who has more than 20 years of experience in industry. Harpreet Singh, former agent for HASLE Refractories in India, has been designated as group senior advisor with special tasks in the Middle East. Owner of HASLE Refractories Mr Michael Bladt, Denmark, was at the opening of the office in Hyderabad in India, an... |
Holcim ahead despite Europe slowdown04 March 2013, Published under Cement NewsAnnual results released by Holcim earlier this week show that cement sales for the Swiss major in 2012 were ahead in spite of lower European volumes and political instability in the Middle East. Turnover during the year rose by 3.9 per cent in 2012 to CHF21,544m and in euro terms the increase was 6.4 per cent to EUR17,867m. Operating EBITDA improved 6.2 per cent to EUR3502m before restructuring costs, after which the advance was a mere 0.7 per cent to EUR3304m. The trading profit fell by ... |
Bamburi Cement 2012 pretax profit down 15%01 March 2013, Published under Cement NewsBamburi Cement has reported a 15 per cent decline in pretax profit for full year 2012 to KES7.17bn (US$83m) as it is impacted by lower gains on its foreign currency holdings, Reuters has reported. Bamburi Cement, which is part of the Lafarge group, said turnover edged up four per cent to KES37.bn but higher costs drove operating down 14 per cent. "The group anticipates underlying cement demand to continue growing in the region despite a slow start in Kenya influenced by the election pe... |
Russia’s Antimonopoly Service blocks Siberian deal01 March 2013, Published under Cement NewsRussia’s Federal Antimonopoly Service (FAS) has disallowed a deal for cement producer Russkyaya Tsementanaya Kompania to acquire a 100 per cent shareholding in fellow cement producer Iskitimtsement, according to local press reports. In its ruling, the FAS said it believed the deal would result in limited competition in the Siberian cement market and increased prices, SKIRIN news agency reported. The FAS had previously blocked the sale of a 90 per cent stake in Iskitimtsement to Sibirsk... |
Tongli Cements reports decline in 2012 profit01 March 2013, Published under Cement NewsHenan Tongli Cement has reported a 2.38 per cent decline in operating revenue for 2012 to CNY4.12bn (US$661m). The company's net profit for 2012 fell 31.79 per cent YoY to CNY164m, with basic earnings per share of RMB 0.5, according to reports in China Business Newswire. Tongli Cement plans to convert three shares from the capital surplus for every ten shares based on its share capital of 328 million shares. |