Cement News tagged under: Switzerland
Holcim cost-cutting programme targets CHF1.5bn rise in operating profit14 May 2012, Published under Cement NewsHolcim said on Monday it was launching a targeted cost-cutting programme aimed at increasing operating profit by at least CHF1.5bn (EUR1.2bn) by the end of 2014. CEO Bernard Fontana: “After intensive discussions at the senior management level and based on close collaboration with the Group companies, I am confident that we will achieve these targets. At least CHF150m positive impact will be achieved in 2012.” Under the name, the "Holcim Leadership Journey 2012-2014" the programme focuses o... |
Europe holds back Holcim09 May 2012, Published under Cement NewsHolcim’s first quarter turnover improved by 2.2% to CHF4,760m (€3,922m), which represents an increase of 7.1% on a comparable basis and measured in euros the turnover advanced by 8.1%. The operating EBITDA eased by 1.1% to CHF745m (€614m), which represents a 4.6% advance in euro terms. The trading profit edged up by 0.5% to CHF349m (€287m), while at the net attributable level there was small profit of CHF10m (€8m), representing an improvement of 1.1%, or of 7% in euro terms. Net debt at the... |
Holcim (US) Inc celebrates group centennial, USA20 April 2012, Published under Cement NewsThe Waltham, Massachusetts headquarters of Holcim (US) Inc is participating in a year-long community service initiative to mark the centennial anniversary of its parent company, Holcim Ltd. Holcim (US) is celebrating this 100-year anniversary by participating in Together for Communities, an initiative in which Holcim employees lead local volunteer projects. "Our employees at the Holcim headquarters have responded with vigor to the challenge of Together for Communities," said Bernard Terve... |
Eurocement increases stake in Holcim, Switzerland12 April 2012, Published under Cement NewsRussia's largest cement maker Eurocement has increased its stake in Holcim to 10.8 per cent, newspaper Handelszeitung reports in article to be published Thursday. Eurocement's owner, Filaret Galchev-Kaltsidis, has spent CHF100m (US$109m) to raise its holding from 10.1 per cent, the paper reports. "Our position in Holcim is now about 35 million shares, or 10.8 per cent. We have taken advantage of the low share prices for the purchase," Thierry Sauvaire, chief executive of Eurocement Holdi... |
Swiss cement deliveries fall 21.8% in 1Q201205 April 2012, Published under Cement NewsSwiss cement deliveries dropped 21.8% YoY for the first quarter of 2012, reports Cemsuisse. Dispatches across the country and Liechtenstein fell from 1.020Mt in 1Q2011 to 0.798Mt. The Swiss cementassociation attributes the decrease to the cold weather during the period, which saw the pouring of concrete halted, unlike the previous year when building activity was hardly interrupted. |
Holcim successfully completes share placement27 March 2012, Published under Cement NewsHolcim Ltd has sold 5 million treasury shares at a price of CHF59.25 per share. The proceeds of CHF296m (EUR245m) will be used for general corporate purposes. ??The closing of this oversubscribed transaction to further strengthen the Group’s balance sheet is expected to take place on or around March 30, 2012. |
Holcim proposes new member of the board of directors12 March 2012, Published under Cement NewsHolcim's Board of Directors proposes to the Annual General Meeting (scheduled 17 April 2012) that Prof Dr Ing Wolfgang Reitzle be elected to the Board. Wolfgang Reitzle, 63, German citizen, studied engineering and economics at the Technical University of Munich and holds a degree and a PhD in mechanical engineering. From 1976-1999 he worked for car manufacturer BMW, where in 1987 he was appointed regular member of the Executive Board, responsible for research and development. In 1999, ... |