Corporate

15 May 2015

Eagle Materials helped by addition of oil & gas

Including its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the financial year to the end of March advanced by 18.1 per cent to US$1192.6m. Of this total turnover, cement represented 40.2 per cent, plasterboard accounted for 36.7 per cent, aggregat...

15 May 2015

KHD's first-quarter revenue down, order intake increases

KHD Humboldt Wedag reported a 15.4 per cent decline in revenue for 1Q15 to EUR50.7m compared to the first quarter of the previous year, while the order intake increased but was "still not entirely satisfactory," acco...

15 May 2015

Aboitiz plans to buy Lafarge Philippines assets

Philippine conglomerate Aboitiz Equity Ventures Inc said on Friday it had signed an agreement for a possible acquisition of Lafarge's local cement operations in partnership with CRH Plc. CRH had earlier agreed to bu...

15 May 2015

Indocement shareholders approve disbursement of almost all 2014 profits as dividends

During an annual shareholders meeting in Jakarta on Wednesday the shareholders of PT Indocement Tunggal Prakarsa  approved the company’s proposal to pay dividends of about IDR4.96trn (US$381.9m) or IDR1350 per shar...

14 May 2015

Molins sees net 1Q15 profit up 132%

Spanish cement producer Cementos Molins reported a net profit of EUR15.1m in 1Q15, up 132 per cent YoY from EUR6.5m in 1Q14. Although domestic sales improved by 7.1 per cent, the company said the advance was “insuf...

14 May 2015

Sabanci Holding posts 54% rise in first-quarter profit, Turkey

Sabanci Holding, whose business units include Turkish cement producers Akcansa and Cimsa, on Monday posted a 54 per cent rise in its first-quarter profit to TRL648.5m (US$241m). Revenue amounted to TRL2.48bn in the ...

14 May 2015

Vulcan Materials sees good volume growth in most markets

Vulcan Materials, the largest US aggregates producer, generated a first-quarter turnover 9.9 per cent ahead at US$631.3m and EBITDA declined by 70.6 per cent to US$78.5m. At the trading level, the first quarter th...

14 May 2015

Putney Capital Management announces acquisition in partnership with Argos

Putney Capital Management LLC announced the acquisition of one of the main terminals for the reception, storage and distribution of cement in Puerto Rico.  This strategic investment was made in partnership with Colom...

14 May 2015

Shandong Shanshui Cement to issue CNY900m 366-day bills

Shandong Shanshui Cement Group Ltd, the subsidiary of China Shanshui Cement Group Ltd, has announced that it will issue CNY900m 9US$145.1m) unsecured short term bills with a maturity of 366 days on the interbank mark...

14 May 2015

FLSmidth expects pick-up in cement order intake in 2015

FLSmidth reported a 39 per cent decline in cement order intake for the first quarter of 2015 but, based on the current order tender activity, the group still expects the division's full-year order intake to be higher...

14 May 2015

Fitch downgrades Cimento Tupi's Ratings

Fitch has downgraded its rating for Cimento Tupi to ‘C’ following the Brazilian cement company’s announcement that it will miss its US$9m interest payment on its US$185m of senior unsecured notes due in 2018.  The do...

13 May 2015

Ashaka 1Q pretax profit down 59%, Nigeria

Nigeria's Ashaka Cement first-quarter pretax profit fell 58.8 per cent to NGN1.16bn (US$5.8m) from a year ago, the company said on Monday. The decline was partly attributed to a fall in sales and a contraction in gro...

14 May 2015

Cementir advances in Denmark and Sweden

Cementir's first quarter turnover eased by 0.9 per cent to EUR204.7m and the EBITDA came off by 1.6 per cent to EUR24.2m, primarily reflecting difficult market conditions in Turkey and Egypt. At constant exchange rat...

14 May 2015

Holcim files Lafarge stock exchange offer

Holcim Ltd said on Monday it has filed with the French financial market regulator details of its proposed share exchange with Lafarge. The offer allows Lafarge shareholders to exchange all shares in the Paris-based...

14 May 2015

Buzzi improves in the USA & central Europe

Buzzi Unicem's first-quarter turnover increased by 3.4 per cent to EUR513.39m and the EBITDA went from a EUR10.26m to EUR27.15m. The loss at the trading level was reduced by 48.6 per cent to EUR19.24m. Net financial ...

11 May 2015

Holcim shareholders back all motions for proposed merger

Lafarge and Holcim have today successfully secured support from Holcim shareholders for their proposed merger and completed one of the final key steps on their way to creating a global building materials giant. Repre...