Cement News tagged: Corporate
HeidelbergCement expects further advances in spite of higher energy costs
HeidelbergCement’s first half turnover rose by 9.5% to €5996m, but the EBITDA improved by a more modest 4.6% to €904.3m as energy costs rose and the trading profit advanced by 5.7% to €501.2m.
Dyckerhoff group sales significantly increased in the 1H11
The positive volume trend of the 1Q11 for Dyckerhoff AG continued. Group sales increased by 21%. Group EBITDA improved by 46%. Depreciation and amortisation increased, and EBIT grew by €24m.
Quinn Group in call for GBP35m working capital
Quinn Group, the Northern Ireland-registered company encompassing cement, plastics, glass and radiators operating businesses, is seeking additional funds from banks and bondholders, writes Aine Coffey
Italcementi advances in India and Thailand
Italcementi’s first half turnover recovered by 2.1% to €2452m, but the running EBITDA declined by 15.4% to €372.1m. Trading profit fell by 24.2% to €158m, but a 60.6% reduction in financial char
Ciments Français: reducing estimates and price target
Jefferies International Limited (JIL) are lowering its price target from €73 to €72 and its EBITDA estimates for both 2011 and 2012 by 7%, mainly due to its more cautious assumptions for Egypt (31% 20
Digvijay Cement CEO resigns, India
Shree Digvijay Cement Company Ltd has said that the Board of Director, in their meeting held on July 28,
Semen Gresik profit rises 16%, Indonesia
PT Semen Gresik Thursday reported its first-half net profit rose about 16% to
Eagle Materials: higher costs and lower volume
For its first quarter of the financial year to 31 March, Eagle Materials’ turnover, including its share of the Texas Lehigh cement joint venture, declined by 5.6% to US$141.2m.
Birla Corp posts lower Q1 net profit, India
Birla Corp reported a lower net profit of INR111.88 crore in the first-quarter (1Q) ended June
Qilianshan Cement 1H earnings up 0.5%, China
Gansu Qilianshan Cement Group posted a 0.5 per cent YoY increase in net profits during the first half of
Cementos Portland first-half loss at EUR5.1m
Spanish cement producer Cementos Portland Valderrivas closed the first six months of 2011 with a loss of
Ambuja Cement reports 11% fall in second-quarter results
Ambuja Cement has reported a fall of 11% in its second quarter CY11 net profit. During the period, net
Fujian Cement sees 1H net profit hit CNY 91.75m
Fujian Cement Inc saw its sales revenue hit CNY872m (US$135m) in the first half of 2011, sources
Cemex is worst junk in US market on losses
Bonds sold by Cemex are posting the biggest losses among major issuers of junk debt in the US after the company posted its seventh straight quarterly loss, Bloomberg reports.
Orient Paper to spin-off cement business, India
Kolkata-based Orient Paper and Industries Ltd. said it will separate its cement business and turn it into a new entity called Orient Cement Ltd
Lafarge 2Q11 net profit falls 12%
Lafarge said second-quarter net profit fell 12 per cent as weak US demand and higher raw material costs impacted results.