Cement News tagged under: CAPEX

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Cemex: July '12

03 August 2012, Published under Cement News

Cemex' 1H turnover declined by 2.1 per cent to US$7373.1m, but the EBITDA did improve by 9.4 per cent to US$1273.2m and the trading profit rose by 40.7 per cent to US$611.9m. Net interest payments were one per cent higher at US$691.5m, giving a pre-tax loss of US$79.5m, a reduction in the loss of 68.3 per cent, and the net attributable loss was halved to US$217.4m. Shareholders' funds were declined by 11.4 per cent at the end of June to US$11,251.8m and the net debt declined by 4.3 per cent...

HeidelbergCement: July '12

03 August 2012, Published under Cement News

The Bosnian HeidelbergCement subsidiary Tvornica Cementa Kakanj is expecting a volume reduction of between 10-14 per cent this year. This would take consumption down to 40 per cent below the level seen in 2008. Domestic deliveries are expected to be some 15 per cent down on last year. Around 12 per cent of production is now exported, mainly to Croatia. HeidelbergCement's 1H turnover rose by 9.8 per cent to €6580.4m, while the EBITDA only advanced by 0.8 per cent to €911.6m as energy cos...

Siam Cement to invest US$6.3bn during 2013-17

19 July 2012, Published under Cement News

Siam Cement of Thailand plans to invest THB200bn (US$6.3bn) over the 2013-17 period, according to President and Chief Executive Kan Trakulhoon. Of this total, more than half is earmarked for investment in the ASEAN region, Mr Trakulhoon said. The five-year investment budget for the 2013-2017 period is expected to be proposed to the company's board for approval in August.

Siam Cement to review capex plans, Thailand

04 July 2012, Published under Cement News

Thai conglomerate Siam Cement Group (SCG) is reviewing its THB150bn, five-year investment plan in light of the effects of Europe’s sovereign debt crisis, the Bangkok Post reports. According to Kan Trakulhoon, president and CEO of SCG, the revision reflects weak demand for the company’s products on the global markets. The current plan calls for capital expenditure of THB150bn to be spent between 2012-16, up from the original target of THB100bn. "We are reviewing the five-year investment...

Holcim Indonesia boosts dividend payout, Capex plans

16 April 2012, Published under Cement News

Holcim Indonesia plans to distribute IDR425bn (US$46m) in dividends, or the equivalent of 40 per cent of its 2011 net income, its chief executive has said. Speaking to the Jakarta Globe, Eamon Ginley said: “This plan has received approval from shareholders," adding "that would be equivalent to a dividend of IDR/share." Holcim posted IDR1.06trn in net income last year.??The 2011 dividend distribution increased from 2010, when the company distributed 23 percent of its net income as divide...

Lafarge Cement Zimbawe to improve plant efficiency

09 April 2012, Published under Cement News

Lafarge Cement Zimbabwe plans to spend US$4.5m on capital expenditure during 2012 in a move aimed at improving the plant’s efficiencies, according to local press. In a trading update for the first three months ending March, managing director Jonathan Shoniwa said: “This is expected to result in better plant rehabilitation and improved efficiencies.” He said cement demand in the first three months was up 31% and the market remained predominantly retail as the construction sector’s contribu...

The Scheifele interview

26 October 2011, Published under Cement News

A series of major deals, culminating in the UK£8bn acquisition of Hanson (UK) in 2007, saw HeidelbergCement emerge as a global market leader in cement and aggregates. As with many companies in the sector, the financial crisis brought with it a series of challenges, resulting in the substantial restrucuturing of the company, transforming it from a largely private company, closely held within the Merckle empire, into a publically listed company listed on the DAX 30. Dr Bernd Scheifele, CEO, ta...

Votorantim steps up performance

26 October 2011, Published under Cement News

Brazil’s market leader, Votorantim Cimentos, is embarking on a new phase of growth, which will see the company not only consolidate its local market position, but expand activities throughout the Latin American continent. International Cement Review talks to Edvaldo Rabelo, Votorantim’s Global Technical Director, about the current expansion programme, the company’s international ambitions, and a range of topics including sustainability, carbon reduction and alternative fuel technology. ...