Cement News tagged under: Bosnia-Herzegovina

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TCK announces 42% fall in net profit

24 July 2019, Published under Cement News

Bosnia's Tvornica Cementa Kakanj (TCK) has announced that its net profit fell 42 per cent YoY to BAM5.3m (US$3m) for the 1H19, compared with BAM9.1m in the year-ago period. Operating revenue decreased 9.7 per cent to BAM32.2m in the first six months of the year, while operating costs rose 0.8 per cent to BAM26.8m.

Lukavac Cement reports 11% net profit decrease in 1H18

22 August 2018, Published under Cement News

Bosnia and Herzegovina's Lukavac Cement has reported a 11.1 per cent YoY fall in its 1H18 net profit, decreasing to BAM3.2m (US$1.9m) from BAM3.6m. Operating income dropped 2.7 per cent to BAM27.9m in the first half of the year, while operating costs decreased 3.4 per cent to BAM24.2m.

Bosnia’s Banovici plans 1.1Mta cement plant

21 June 2018, Published under Cement News

Bosnian state-controlled brown coal mine Banovici and the Federation’s privatisation agency will shortly seek a strategic partner for the construction of a cement plant at the coal mine. The project represents an investment of EUR250m (US$290m). Banovici has already obtained the required documents and secured an environmental permit with works expected to start in 2019, according to local news service Ekapija. The cement plant is estimated to have an output of 1.1Mta with product to b...

Asamer Baustoffe seeks buyout bid for Fabrika Cementa Lukavac

09 May 2018, Published under Cement News

Austria's Asamer Baustoffe is launching a buyout bid for Bosnia-Herzegovina-based Fabrika Cementa Lukavac, following a notice posted with the Sarajevo bourse on Tuesday, reports SeeNews. Asamer Baustoffe AG currently holds a 99.3 per cent in Fabrika Cementa Lukavac, while the remainder is in the hands of physical entities.

Bosnia’s TCK sees 1H net profit edge up

28 July 2017, Published under Cement News

Bosnian cement producer Tvornica Cementa Kakanj (TCK) reported a modest rise in 1H net profit to BAM7.2m (US$4.3m) from BAM7.1m a year earlier. The company’s operating revenue rose 8.8 per cent YoYto BAM32.2m in the January-June period, while operating costs expanded to BAM25m from BAM22.4m in 1H16. TCK is majority-owned by Dutch-based CEEM Investment, which is part of Germany's HeidelbergCement.

Fons Technology International replaces Fabrika Cementa Lukavac's cooler

26 June 2017, Published under Cement News

Fons Technology International (FTI) has replaced the existing clinker cooler of Fabrika Cementa Lukavac (FCL) located in Tuzla, Bosnia-Herzegovina. The new clinker cooler is designed for 2100tpd and following a successful erection and commissioning phase by FTI, the clinker cooler has already achieved the process targets with a very smooth mechanical operation, reports FTI. The tailor-made engineering by FTI enabled the clinker cooler replacement to be carried out with reduced initial in...

Cemex announces divestment of operations in Austria, Hungary and Croatia

12 August 2015, Published under Cement News

Cemex announced today that it has signed an agreement for the sale of its operations in Austria and Hungary to the Rohrdorfer Group for approximately EUR160.1m. The Austrian operations consist of 24 aggregate quarries (approximately 6.47Mt of aggregates sold in 2014) and 34 ready-mix plants (approximately 1.60Mm 3 of ready-mix sold in 2014). Cemex’s operations in Austria had net sales of approximately US$241m in 2014. The Hungarian operations being divested consist of five aggregate qua...

Bosnia: TCK to distribute EUR8.3m as dividend

22 May 2015, Published under Cement News

Bosnia-based Tvornica Cementa Kakanj (TCK) said its shareholders have approved distributing BAM16.2m (EUR8.3m) as dividend. The HeidelbergCement group company said in a statement issued after a shareholders meeting on Tuesday that is produced 420,000t of cement in 2014, down 11.8 per cent from 476,000t a year earlier. TCK posted a consolidated net profit of BAM11m on net sales revenues of BAM77.6m in 2014. In March, TCK director Branimir Muidza told SeeNews in an interview cement output ...

Bosnia: TCK expects flat output

10 March 2015, Published under Cement News

Bosnia's Tvornica Cementa Kakanj (TCK), part of the HeidelbergCement Group, sees its cement output flat this year after producing 420,000t in 2014, the company's director said. “Our cement production fell by around 10 per cent in 2014, which was probably the most difficult year since the war for the Bosnian economy and its citizens as the country went through political turmoil in February followed by record floods in May and in August and elections in October,” Branimir Muidza told SeeNews ...

Tvornica Cementa Kakanj environmental upgrade investment

14 July 2014, Published under Cement News

Bosnia-based producer Tvornica Cementa Kakanj plans to invest BAM20m (EUR10.225m) to upgrade its facilities and improve its environmental performance. The investment covers the period from 2013 to 2018. This year alone, Tvornica Cementa Kakanj (TCK) plans to invest BAM5m mainly on modernising its cement mills and dust collection system, news portal Indikator.ba said, quoting the company’s notice sent to the Tuzla Canton. The country's leading cement producer is majority-owned by Dutch-b...