Cement News tagged: Corporate
InterCement plans asset swap with Votorantim
InterCement, the cement unit of Brazilian industrial conglomerate Grupo Camargo Correa, on Sunday provided further details regarding its bid to acquire Cimpor.
Lafarge shares rise on Hollande election
Shares in Lafarge are among the top gainers on France’s CAC-40 index as investors expect government spending on social housing to increase under France’s newly elected president
Martin Marietta violated confidentiality agreement, judge rules
Delaware Judge Leo Strine has ruled that Martin Marietta violated a nondisclosure agreement with Vulcan and used confidential information in forming its USD5.3bn bid and proxy fight.
Ivano-Frankivskcement 2011 results restated
Ivano-Frankivskcement finished the full year of 2011 with a net profit of UAH6m
Eurocement Ukraine records 2011 losses
Eurocement Ukraine, one of the three largest Ukrainian cement producers, ended 2011 with losses of UAH46.048m, the company announced in a statement.
Lafarge helped by Asian and African growth
Lafarge's first quarter turnover was up by 4.6% to €3353m, having risen by 8.6% in the comparable period last year, and the EBITDA improved by 7.7% to €516m, while the running profit advanced by 28.4% to €267m. Net financial costs increased by 29.4% to €238m and the re-defined pre-tax loss increased from €7m to €40m, with the net attributable loss rising by 51.7% to €44m. Net debt at the end...
HeidelbergCement 1Q12 affected by harsh winter in Europe and Turkey
HeidelbergCement's first-quarter turnover increased by 7.6% to €2799.4m but the EBITDA declined by 15.5% to €213.7m and the trading profit fell by 77% to a €13.8m. The lower margins chiefly reflect weather conditions in the quarter, but also higher costs for transport and energy. The net interest charge increased by 8.8% to €135.2m and the pre-tax loss increased by 69.8% to €143.9m and the ne...
Lafarge sees higher pricing in 2012
Lafarge said it expected higher pricing for 2012 after sales and operating profits rose in the first quarter, lifted by price increases for customers and stronger cement volumes in emerging markets. But net losses widened due to restructuring charges as the company continued to slash costs as part of a €500m (US$657.63m) savings plan. Earnings before interest, tax, depreciation and amorti...
Titan Cement 1Q12 loss widens as construction slows
Titan 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 compan...
Thailand: SCCC records B1.28bn Q1 net profit
Siam City Cement Plc (SCCC) reported a 14.6% YoY increase of net profit yesterday, up to THB1.28bn (US$41.3m) for the first quarter on the back of strong domestic cement consumption. Thailand's second-largest cement manufacturer saw net sales rise 12.4% from the year before to THB6.99bn, it said in a statement. "Cement consumption increased in the first quarter, driven by sizeable growth f...
HeidelbergCement lifts prices to stem cost surge
HeidelbergCement joined peers in raising prices after posting a 77% decline in operating profit in the 1Q12, a bigger fall than expected due to higher energy costs. Operating profit in the first three months of the year declined to €14m (US$18m) from €60m a year earlier, the company said on Thursday. That was below than the €52.9m expected on average by analysts in a Reuters poll. "In ...
India: Madras Cements eyes 20% growth
Buoyed by likely growth in demand for cement in south and the company's renewed focus this year on a few states in the east and west, Madras Cements expects a 20% growth in its top line in the current FY12-13. This is also likely to see its capacity utilisation rise over 10 per cent during the year. The company will also become self-sufficient in captive thermal power generation this year, t...
Raysut Cement group profits rise, Oman
Oman-based cement producer, Raysut Cement reported net profit before tax rose 37.4 per cent to OMR6.84m for the first three months of 2012, from OMR4.98m (US$13m) in the same period last year. Pretax profit alone increased 26 per cent to OMR5.59m from OMR4.45m during the period under review. Total group revenue stood higher at OMR24.64m for the first quarter from OMR20.24m posted for the sam...
Cementos Pacasmayo first-quarter volumes ahead, Peru
Cementos Pacasmayo, a leading Peruvian cement company, announced today its consolidated results for the first quarter period ended March 31, 2012. In 1Q12, cement demand was stronger than anticipated as volumes increased 17% compared to 1Q11. Revenues in 1Q12 increased 20.4% compared to 1Q11. Gross margin remained high at 39.4%.
Heidelbergcement Ukraine quarterly loss
For the first quarter of 2012, HeidelbergCement Ukraine (Dnipropetrovsk region), one of the largest cement producers in Ukraine, incurred losses of UAH71.595m (EUR6.7m). According to Ukrainian News, the company reported a net revenue of UAH151.569m. HeidelbergCement Ukraineended 2011 with UAH24.083m, according to preliminary data, the news service added.
Vulcan boosts first-quarter EBITDA by 36%
Vulcan Materials' first quarter turnover showed a 10.0% recovery to US$535.9m and the EBITDA recovered by 36.4% to US$34,0m, but at the underlying level there was a near nine-fold increase to US$46.1m. At the trading level the seasonal loss narrowed by 24.4% to US$46.3m. After deducting a net interest charge that was 23.7% higher at US$52.3m, the pre-tax loss was 6.5% lower at US$95.4m and th...