Cement News tagged under: international
Lafarge: Materis restructuring24 September 2003, Published under Cement NewsLafarge is selling its stake in building materials group Materis to LBO France. This deal should be seen as part of Lafarge’s promised debt reduction programme post the Blue Circle take-over. Lafarge is selling its stake in building materials group Materis to LBO France, as are its financial partners CVC Capital Partners, Advent International and Carlyle. Materis was set up in 2001 by Lafarge with the three financial partners in order to strengthen the Lafarge balance sheet ahead of the ... |
Holcim contests claim19 September 2003, Published under Cement NewsHolcim contests claim Furthermore, the company remains true to its current obligations. Holcim duly reports the investments made to the State of Azerbaijan every half-year, and the Government has taken note of the reports without any objection. Any interest to be paid for a loan must reflect the rates used in the region where the money is invested. Holcim has given the loan to Garadagh Cement on the basis of LIBOR + 3; currently 3.2 per cent. The current rates for loans in Azerbaijan are 18 ... |
Mexico`s Cemex Surprises16 September 2003, Published under Cement NewsCemex has gained some added support after management floated bullish earnings guidance that topped Wall Street expectations. Better than expected growth in both US and Mexican markets provide an unexpected boost. Cemex has gained some added support after management floated bullish earnings guidance that topped Wall Street expectations. The world's third-largest cement company watched its share price on the New York Stock Exchange rise 1.1% to $25.67 after estimating late Thursday that thi... |
CRH: Results today02 September 2003, Published under Cement NewsCRH announces H1 results later today (Tuesday 2nd September). Merrill Lynch expects sales to fall four per cent (acquisitions offsetting some of the currency negative) and EBITA to fall 17 per cent to EUR244m. Merrill Lynch expects CRH sales to fall four per cent (acquisitions offsetting some of the currency negative) and EBITA to fall 17 per cent to EUR244m. (EUR295mn), with sales penalised by poor North American/North Europe weather. CRH's recent Cementbouw deal scores well however: di... |
UK – Remas calls for UK and Irish companies to take part in European EMS study30 August 2003, Published under Cement NewsRemas aims to study the benefits of formal environmental management systems (EMS) and hopes to establish a direct link between the use of EMS and positive environmental performance. According to project manager Martyn Cheesbrough: “We believe environmental management systems can offer many benefits to companies and other stakeholders, but we are unable to prove their real value until we get a full, unequivocal picture of the various elements involved. This is precisely what remas is designed... |
Philippines – Environment Department launches Philippine Environment Partnership Program30 August 2003, Published under Cement NewsThe Philippine Department of Environment and National Resources (DENR) has launched its Philippine Environment Partnership Program (PEPP) to encourage companies to comply to environmental legislation by offering them recognition and incentives. The plan relies on voluntary self-regulation and self-monitoring and compliance principles. Companies who want to participate in the programme need to complete an applications form, which the DENR then uses as a basis for categorising them in one ... |
USA – St Lawrence Cement to include Becraft Mountain mine in review30 August 2003, Published under Cement NewsSt Lawrence Cement is likely to be required to include the Becraft Mountain mine in the environmental review for its new US$320m cement works in Greenport. Department of Environmental Conservation (DEC) judges Helen Goldberger and Maria Villa recommended in a 46-page report that the DEC should “ungrandfather” the Becraft Mountain mine. “Grandfathering” is a process which allows companies to operate as if current laws were not in effect, because their operations predate the laws. In this case... |
UK – Castle Cement’s AWDF given cautious welcome in Clitheroe30 August 2003, Published under Cement NewsCastle Cement recently presented its plans to burn agricultural waste derived fuel (AWDF) at its Ribblesdale works, Clitheroe, Lancashire to the neighbouring community and environmentalists. The plans were generally well-received. Local people said the proposal was “a great idea” as “animal waste is better being burned than buried.” The environmental group Friends of the Earth also voiced its overall support for the initiative via its Hyndburn and Ribble Valley spokesperson Lynda England... |
Titan Cement down29 August 2003, Published under Cement NewsTitan Cement posted a 1.5 per cent drop in first-half net profit Thursday, in line with analysts' expectations. Titan's net profit fell to EUR46.13 million from EUR46.64m in the year-ago period. After a 72 per cent drop in first-quarter net profit, owing to adverse weather conditions and negative currency movements, Titan said group performance in the second quarter brought overall results almost in line with 2002. Company sales fell five per cent to EUR488 million while earnings before in... |
Heracles profits up29 August 2003, Published under Cement NewsGreek cement producer Heracles, majority-owned by France's Lafarge, said on Thursday group pre-tax profit grew 142 per cent to EURO 40m in the first half. Group sales remained around previous year levels, reaching EURO 278m Last year's first half earnings had been hurt by a EURO19.6m provision related to staff termination. The group, which runs three cement plants in Greece with a total production capacity of 9.6Mt annually, is the country's largest producer, competing with Titan Cement a... |