Cement News tagged under: greece
Heracles General Cement appoints Non Executive Director28 June 2012, Published under Cement NewsHeracles General Cement Company of Greece has appointed Manolis Chris Kyprianides as a Non Executive Director. The effective date is 22 June 2012. |
IFC invests in Titan's operations in Western Balkans27 June 2012, Published under Cement NewsTitan Cement announced the completion of a EUR50m equity investment by the International Finance Corporation (IFC) in Titan’s subsidiaries in the Western Balkans region including Macedonia, Serbia and Kosovo. The transaction results in IFC holding, through Titan Cement Cyprus, a minority stake of approximately 11.5 per cent in Titan’s operations in the aforementioned countries. The Greece-based cement producer said in a statement: “The collaboration in the region with an institution su... |
Heracles Group sales down 37.6% in 1Q12, Greece30 May 2012, Published under Cement NewsHeracles Group of Companies announced sales of EUR43.89m for the first quarter of 2012, a reduction of 37.60% compared with the EUR70.35m in the same period of 2011 as the Greek constructions sector stalls with now sign of a turnaround. At the EBITDA level the group reported a loss of EUR16.59m against EUR9.38m in first quarter last year. Heracles said in a statement,: “The decrease in the group and the company sales in the first quarter of 2012 reflects the intensifying recession in t... |
Heracles Cement industry appointments, Greece29 May 2012, Published under Cement NewsGreece-based Heracles Cement announced the following industry appointments: Stratis Zacharis is appointed as Sales General Manager for cement reporting to the Managing Director, Pierre Deleplanque. George Benos, Sales & Marketing General Manager, is appointed as Marketing General Manager for cement, aggregates and concrete, also reporting to the Managing Director Pierre Deleplanque. |
Titan Cement 1Q12 loss widens as construction slows04 May 2012, Published under Cement NewsTitan Cement Co SA, Greece’s biggest producer of the building materials, posted a wider 1Q12 loss as the country’s construction industry slowed and bad weather conditions hit the Balkans, Turkey and Greece. The net loss was €19.4m (US$25.5m) in the three months through 31March compared with a €4.3m loss in the same period a year earlier, according to a statement from the Athens-based company today. “The severe and extended winter period this year across the Balkans, Turkey and Greece ... |
Standard & Poor's revises Titan's outlook27 April 2012, Published under Cement NewsStandard & Poor's (S&P) Ratings Services revised its outlook on Titan Cement Co to stable from negative. At the same time, we affirmed our 'BB-' long-term and 'B' short-term corporate credit ratings on the group. S&P said the outlook revision reflects its view that "Titan will be able to sustain solid cash flows and an 'adequate' liquidity profile over the next 24 months. ??Titan was able to maintain solid cash flows despite disruption in its key markets in the year ended 31 December 2011. ... |