Cement News tagged under: Czech Republic

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Holcim and Cemex to swap, combine assets in Europe

28 August 2013, Published under Cement News

Holcim and Cemex have reached an agreement to conduct a series of transactions to exchange and combine assets in parts of Europe with the aim of improving synergies and boosting operating profit. Cemex increase its presence in Central Europe through the acquisition of Holcim Cesko in the Czech Republic. The deal includes one cement plant (cement and clinker capacities of 1.1Mta and 0.9Mta, respectively), four aggregate quarries and 17 ready-mix plants. Holcim said it will continue to serve...

Cement Hranice 2012 outlook, Czech Republic

10 September 2012, Published under Cement News

Despite reporting an increase in 2011 cement sales, Czech cement producer Cement Hranice company expects a decline this year the Euro zone sovereign debt crisis and a continuing fall in construction output. Last year the company increased sales by 14.5 per cent last year to CZK1.69bn (EUR69m) following two years of declining sales due to a downturn in the domestic construction industry. Net profit in 2011 reached CZK499m, an increase of 10 YoY. Cement Hranice's results improved last ye...

Czech cement production down 14% in 1Q12

28 May 2012, Published under Cement News

Cement production in the Czech Republic declined 14% YoY to 465,555t in the January-March period due to a drop in construction activity and a cold winter, the Czech Cement Producers Association has said. Domestic consumption and exports also fell, the association told CTK Business News. "A combination of several effects was behind the significant drop in Czech cement production and consumption in the first quarter this year," Jan Hrozek, Ceskomoravsky cement board chairman said . Unclea...

Czech Republic: challenging year ahead – report

28 March 2012, Published under Cement News

The Czech Republic construction sector is expected to experience  “challenging” year due to the postponement of major road and rail projects, according to a latest report by PMR Research. As a result, growth is not expected to return until 2013 and 2014. Civil engineering witnessed a marked slowdown in 2011 due to economic difficulties and budgetary cuts. The revised Czech government strategy on transport infrastructure released in January 2012 suggest the decline may continue this year. ...

Cautious outlook on Czech Republic market

27 February 2012, Published under Cement News

Cement production in the Czech Republic rose by 15% to 3.8Mt last year while domestic sales increased five per cent to around 3Mt, the Association of Cement Producers said. However, this recovery is expected to only be temporary as the construction sector is seen declining this year. CTK Business News quoted Jan Hrozek, board of directors chairman of cement producer Ceskomoravsky Cement, saying: "Taking a closer look, it is obvious that optimism is inappropriate.” Hrozek attributes the r...