Cement News tagged under: corporate
Holcim Philippines sees surge in full-year net profit28 February 2013, Published under Cement NewsHolcim Philippines has reported an 80 per cent YoY rise in net profit as it gains from improvements in operating and process efficiencies as well as a strong rebound in local demand. Net profit for the 12 months to the end of December 2012 climbed to PHP3.63bn from PHP2.03bn the year before. Revenues also rose 25.62 per cent from PHP21.62bn to PHP27.16bn. The company’s chief executive officer Eduardo Sahagun said that 2012 was one of the domestic industry’s best years, as overall growt... |
Cementos Portland books capital gain from stake swaps, Spain28 February 2013, Published under Cement NewsSpain-based cement producer Cementos Portland Valderrivas has booked a capital gain of EUR115.6m following the asset swap of its shareholding in Cementos Lemona for Cementos Uniland with CRH. The capital gain was divided into two lots: the first, totalling EUR100m, came from the exchange of the shares owned by Portland in Lemona for a 26.3 per cent stake in Uniland. The other EUR15.6m came from the sale of Cementos Portland's 100 per cent ownership in the capital of UK cement terminal So... |
CRH chief announces retirement by end-2013, Ireland28 February 2013, Published under Cement NewsCRH plc, the international building materials group, announces that Myles Lee, Group chief executive, has confirmed to the board his intention to retire from CRH at the end of 2013 having reached the age of 60, and following completion of a five year term as chief executive and 10 years as an executive director. Myles joined CRH in 1982, joining the Board in November 2003 as Finance Director, later becoming Chief Executive in January 2009. Commenting on the news, the Chairman Nicky Har... |
CRH boosts American profitability27 February 2013, Published under Cement NewsCRH's turnover improved by 3.2 per cent last year to €18,659m while the EBITDA was off by one per cent to €1640m. There were 36 acquisitions during the year and the outlook for acquisition opportunities is deemed positive. Trading profit declined by three per cent to €840m and after other charges, including a net interest charge 12.7 per cent higher at €258m and a €230m gain on disposals, compared with €55m in 2011, the pre-tax profit declined by 5.2 per cent to €674m. Excluding exceptional ... |
HeidelbergCement expands cement capacity in Tanzania27 February 2013, Published under Cement NewsIn Tanzania, HeidelbergCement is constructing a new mill with a cement capacity of 0.7Mta at its Wazo Hill plant, some 2km northwest of the capital Dar es Salaam. The investment of US$40m also includes the construction of a new clinker and a cement silo as well as the installation of new cement bag packing and dispatch facilities. “The construction of the new cement mill is part of our strategy of expanding our clinker and cement capacities in growth markets. In particular, the countries... |
Holcim less optimistic on European construction market27 February 2013, Published under Cement NewsHolcim said on Wednesday that it was less optimistic about the prospects for the European construction market in 2013 as it reported worse-than-expected earnings for its fourth quarter. "While group regions Asia Pacific, North America and Latin America are expected to witness higher sales volumes, Holcim is somewhat less optimistic with regard to Europe and Africa Middle East," the Swiss company said. Like many building supply companies, Holcim has been hit by a slowdown in the European... |
PPC Zimbabwe to build new cement plant27 February 2013, Published under Cement NewsA new US$200m cement plant is to be built by Portland Holdings Ltd (PHL), the Zimbabwe subsidiary of South Africa's PPC, to service the Harare and central Mozambique markets. The new plant will have a cement capacity of about 1Mta and will coincide with the construction of a separate grinding facility in the neighbouring territory of Tete in Mozambique. The plans could significantly boost output and market share for PPC Zimbabwe which currently dominates the domestic market with Lafarge Ce... |
Colombia’s Argos closes 2012 with 25% rise in EBITDA26 February 2013, Published under Cement NewsArgos, Colombia’s largest cement producer, recorded a 25 per cent YoY rise in EBITDA in 2012 and an 82 per cent rise in operating income. The group, which also operates in the Caribbean and US, reported EBITDA of COP791,190m and operating income was COP414,566m. After incorporating the cement and concrete assets acquired in the southeastern US, consolidated revenues reached COP4,380,393m. "We traded in 10.8Mt of cement and 8.5Mm3 of concrete in Colombia, the Caribbean and the United S... |
Holcim Indonesia sees strong gains in full-year net profit26 February 2013, Published under Cement NewsHolcim Indonesia has reported a 27 per cent jump in 2012 net profit on a strong rise in revenue. Net income for the 12 months to the end of December reached IDR1.35trn (US$139m), the company said in a filing to the Indonesian Stock Exchange on Monday. Revenue rose 20 per cent to IDR9trn. Production costs, however, also increased at a faster rate and were up 23 per cent YoY to IDR5.66trn. |
China Resources in proposed joint-venture agreement, China26 February 2013, Published under Cement NewsChina Resources Cement has entered into a two-year framework agreement with Zhihai Group Co Ltd to establish a joint venture. The new venture intends to acquire clinker production lines with a capacity of around 1.55Mta, cement grinding lines with amounting to around 4.3Mta and concrete batching plants with a total capacity of about 5.8Mm3. China Resources will hold the majority interest of the joint venture. It is expected that the acquisition of the assets/business will be completed ... |