Corporate

31 July 2015

Cementir boosted by financial items

Cementir's turnover edged ahead by 0.6 per cent to EUR475.7m in first half of 2015, as the improvements in Denmark and Sweden made up for lower results from Norway and Turkey while Italy was broadly stable. EBITDA, however, declined by 6.7 per cent to EUR73.14m. After a 3.4 per cent in...

31 July 2015

Exchange rate helps Lafarge’s 6% EBITDA increase

Lafarge's first-half turnover improved by 5.3 per cent to EUR6319m while EBITDA advanced by 5.9 per cent to EUR1223m. The trading profit moved ahead by 7.7 per cent to EUR813m. At the net attributable level, however,...

31 July 2015

Italcementi’s improvements in Asia and North America offset declines elsewhere

Italcementi's first-half turnover recovered by 5.8 per cent to EUR2167.5m and running EBITDA improved by 5.3 per cent to EUR324.5m. Helped by a reduction in the impairment charge, the trading profit improved by 9.6 p...

31 July 2015

Kenya: ARM Cement to recover from US$4.6m 1H15 loss

Kenya's ARM Cement stooped to a first-half pretax loss of KES473.52m (US$4.6m), the firm said on Thursday, but said it expected to improve its performance in the 2H15. "In spite of the recent currency depreciation ...

31 July 2015

Titan's US business continues to advance strongly

Titan's first-half turnover improved by 19.9 per cent to EUR672.8m, helped by exchange rate movements, and EBITDA was ahead by 18.3 per cent to EUR105.3m. Following an increase in the depreciation charge of a modest ...

31 July 2015

Tororo cement invests US25m in expansion

Uganda’s largest cement manufacturer has earmarked UGX86bn (US$25m) towards the plant expansion. Tororo Cement Ltd will upgrade its cement plant at Tororo, northeast of Kampala, from 1.8Mta to 3Mta with new grinding ...

30 July 2015

Holcim's profits hurt by the strength of the Swiss currency

Holcim's cement deliveries declined by two per cent to 67.6Mt in the first six months, and the underlying advance was 2.1 per cent. Shipments of aggregates rose by 3.4 per cent to 72Mt and ready-mixed concrete delive...

31 July 2015

Nigeria: BUA's 3Mta Obu plant to start operations

BUA Group is about to release cement from its newly-built US$600m Obu plant in Okpella, Edo State, with clinker production already operational. Cement should be dispatch from the 3Mta facility in the first week of Au...

30 July 2015

HeidelbergCement benefits from strong North American improvement

HeidelbergCement's first-half results show an 11.2 per cent increase in turnover to EUR6470m. EBITDA improved by 22.3 per cent to EUR1052m, while the trading profit advanced by 27.5 per cent to EUR672m. The net inter...

30 July 2015

Zambia has potential for Dangote Cement

Dangote Group of companies has continued its expansion plans in the cement industry with another plant target in Lusaka. Dangote will officially launch its Masaiti cement plant project on 4 August. The official comm...

30 July 2015

Italcementi aims to sell out to HeidelbergCement as consolidation gathers pace

Italcementi's first-half turnover recovered by 5.8 per cent to EUR2167.5m and the running EBITDA improved by 5.3 per cent to EUR324.5m. Helped by a reduction in the impairment charge, the trading profit improved by 9...

30 July 2015

Brazil: Cade issues fines of US$934m

Brazil's antitrust watchdog, Cade, has ordered six cement makers named in a price-rigging case to pay a combined BRL3.1bn (US$934m) in fines within a month in a landmark decision that also orders asset disposals. U...

30 July 2015

Thailand: Siam Cement raises net profit

Siam Cement PCL, Thailand's largest industrial conglomerate, beat market expectations with a 63 per cent rise in quarterly net profit, boosted by better petrochemical margins and a pick-up in domestic cement demand. ...

31 July 2015

China: Shanshui Cement turn down share disposal offer

Shanshui Cement's chairman and general manager, Zhang Bin, has told the press that in response to the possible acquisition of company shares from CNBM and Asia Cement China, company shareholders have decided to decli...

31 July 2015

HeidelbergCement to acquire Italcementi

Eleven days after the completion of the acquisition of Lafarge by Holcim to form LafargeHolcim, HeidelbergCement has agreed to acquire Italcementi, with a combined cash and share issue for the 45 per cent controlling...

30 July 2015

LafargeHolcim 2H15 roadmap released

LafargeHolcim has announced its roadmap for the second half of 2015 as it releases half-year results for Lafarge SA as well as Holcim Ltd, the predecessor company of LafargeHolcim Ltd. Eric Olsen, CEO of LafargeHolc...