Cement News tagged under: europe
Buzzi Unicem proposes to acquire SACCI19 March 2015, Published under Cement NewsBuzzi Unicem is offering EUR120m for a 99.5 per cent stake in SACCI and the simultaneous relief of all outstanding liabilities from a previous debt restructuring agreement. The proposal is seen as a further step in the consolidation of the fragmented Italian cement industry, where Buzzi Unicem is the second largest producer behind Italcementi. SACCI presently operates four cement plants, representing a current combined cement capacity of some 2Mta and 31 ready-mixed concrete batching pl... |
Germany: 2014 cement edges ahead11 March 2015, Published under Cement NewsCement consumption in Germany rose by 2.2 per cent YoY in 2014 to 27.1Mt, according to data German Cement Works Association (VDZ), which also predicts further growth in 2015. "Significant catch-up effects from 2013 and mild weather really bolstered cement consumption, particularly in the first quarter of 2014," said Gerhard Hirth, President of VDZ. However, the generally reserved economic climate had a dampening effect on construction investment over the rest of the year. "We experienced co... |
Vicat shows good profit growth in the USA, India and Africa11 March 2015, Published under Cement NewsVicat’s turnover increased by six per cent in 2014 to EUR2422.7m and the EBITDA emerged 3.6 per cent ahead at EUR442m, while at unchanged parameters the increases would have been eight and seven per cent respectively. The trading profit rose by 12.3 per cent to EUR263.1m.The net financial charge was 8.2 per cent higher at EUR47.6m and after a slightly higher contribution from associates the pre-tax profit improved by 12.5 per cent to EUR203m. After a lower effective tax charge of 29.3 per... |
Polish monthly production rises 16.1% YoY11 March 2015, Published under Cement NewsCement production in Poland rose by 16.1 per cent to 720,4000t in February, while sales fell by 2.3 per cent to 722,300t, according to the Polish Association of Cement Producers (SPC). For the first two months of this year, production grew 8.6 per cent to 1.24Mt, while sales increased 5.3 per cent to 1.36Mt. Last year, Polish cement consumption increased by 6.6 per cent in 2014 to 15.59Mt, following a 6.1 per cent fall to 14.62Mt in 2013. Cement production, which had come down 7.5 per ce... |
Macedonia: Usje's unconsolidated net profit falls11 March 2015, Published under Cement NewsMacedonia's sole cement producer Usje said on Tuesday its unconsolidated net profit fell five per cent to MKD1.46bn (EUR23.7m) in 2014. Operating revenue rose two per cent to MKD4.12bn last year, while operating costs were two per cent lower at MKD2.56bn, Usje said in an unconsolidated financial statement filed with the Macedonian Stock Exchange. Usje is owned by Greek building materials manufacturer Titan Cement. |
Bosnia: TCK expects flat output10 March 2015, Published under Cement NewsBosnia's Tvornica Cementa Kakanj (TCK), part of the HeidelbergCement Group, sees its cement output flat this year after producing 420,000t in 2014, the company's director said. “Our cement production fell by around 10 per cent in 2014, which was probably the most difficult year since the war for the Bosnian economy and its citizens as the country went through political turmoil in February followed by record floods in May and in August and elections in October,” Branimir Muidza told SeeNews ... |
New appointments at Cemex09 March 2015, Published under Cement NewsMartin Langvad has been appointed as vice president of cement operations and technology (northern Europe). Mr Langvad has worked for Cemex for 19 years and has more than 30 years of experience in the cement industry. With the reorganisation of Cemex in Germany, he has taken over responsibility for cement production in the UK and will continue to be the head of the Northern Europe cement operations. Philip Baynes-Clarke has taken over responsibility as plant director at the Rugby cement plan... |
Italcementi improves margins06 March 2015, Published under Cement NewsItalcementi's 2014 turnover declined by a further 1.8 per cent to EUR4155.6m but the underlying EBITDA did improve by 3.2 per cent to EUR649.1m. The depreciation charge declined by 3.1 per cent to EUR408.3m and impairment charges dropped by a further 70.9 per cent to EUR9.2m and the trading profit advanced by a further 42.3 per cent to EUR226.7m. Net financial charges rose by 14.3 per cent to EUR136.5m while the contribution from associates rose by 57.1 per cent to EUR11.7m to give a pre-... |
CRH earnings up 11%26 February 2015, Published under Cement NewsCRH’s turnover increased by 4.9 per cent in 2014 to EUR18,912m while the EBITDA advanced by 11.3 per cent to EUR1641m. The trading profit before charging EUR49m of impairments rose by 28.8 per cent to EUR966m. The net interest charge declined by 1.2 per cent to EUR246m and a EUR77m gain on disposals, compared with EUR26m in 2014, led to a pre-tax profit of EUR761m compared with a loss of EUR215m in 2013. The net attributable result swung from a EUR296m loss to a profit of EUR582m. Net d... |
Eurozone construction output down 0.8% in December19 February 2015, Published under Cement NewsConstruction output in the eurozone contracted in December, led by falls in Germany and Spain, according to the Eurostat, the European Union's statistical office. Production in construction fell by 0.8 per cent month-on-month at the end of last year. Building production dropped by one per cent on the month while that of civil engineering rose by 1.7 per cent. Construction output in Germany came off by 2.9 per cent when compared to November's level and by another one per cent in Spai... |