Cement News tagged under: Europe

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Holcim and Lafarge seal binding deal with CRH

27 May 2015, Published under Cement News

Lafarge and Holcim have now entered a binding agreement with CRH regarding the sale of several assets with an enterprise value of EUR6.5bn. As announced in February 2015, the assets include operations mainly in Europe, Canada, Brazil and the Philippines (see below). The acquisition remains conditional upon successful completion of the merger of Lafarge and Holcim as well as the completion of local asset reorganisations. The acquisition is expected to complete in the second half of 2015. ...

Production in construction up by 0.8% in euro area

22 May 2015, Published under Cement News

In March 2015, compared with February 2015, seasonally-adjusted production in the construction sector rose by 0.8 per cent in the euro area (EA19) and by 1.5 per cent in the EU28, according to first estimates from Eurostat, the statistical office of the European Union. In February 2015, production in construction dropped by 1.6 and 0.8 per cent, respectively. In March 2015 production in construction fell by 2.7 per cent in the euro area and by 1.3 per cent in the EU28 compared to the same ...

Buzzi improves in the USA & central Europe

11 May 2015, Published under Cement News

Buzzi Unicem's first-quarter turnover increased by 3.4 per cent to EUR513.39m and the EBITDA went from a EUR10.26m to EUR27.15m. The loss at the trading level was reduced by 48.6 per cent to EUR19.24m. Net financial charges increased by 31.3 per cent to EUR43.01m giving a seasonal pre-tax loss 24.5 per cent lower at EUR46.16m. Net debt at the end of March was 6.6 per cent higher at EUR1133.3m, giving a gearing level of 45.1 per cent compared with 45.5 per cent a year earlier. Cement deli...

Votorantim Cimentos issues EUR500m in European bonds

08 May 2015, Published under Cement News

Votorantim Cimentos SA announces the issuance of its Euro-denominated bond, representing the first issuance since November 2014 by a Brazilian company in the international capital markets in 2015.  The issuance followed three days of investor meetings in London, Amsterdam, Munich and Frankfurt, which resulted in an issuance of €500 Euro-denominated notes due 2022 bearing interest at the rate of 3.5 per cent per annum. Despite intraday volatility in global capital markets, this successful is...

CRH: good advance in North America

06 May 2015, Published under Cement News

CRH's underlying sales in the first four months declined by around two per cent in Europe and increased by about eight per cent in the Americas during the first four months of the year. Some EUR45m was spent on acquisitions and investment during the first four months, while EUR540m was raised from divestments during the period. The group EBITDA in the first half expected to be around 10 per cent ahead of last year. Europe Heavy building materials volumes in Ireland continued to recover a...

CEMBUREAU: future EU-ETS must ensure growth and competitiveness for industry

06 May 2015, Published under Cement News

The Alliance of Energy Intensive Industries has recently outlined its views to the European Commission regarding the strategic choices which need to be taken to ensure competitiveness and growth in Europe,  CEMBUREAU has underlined. All eyes are currently on the development of the next phase of the EU Emissions Trading Scheme (EU-ETSi), post-2020. As such, it is important that the voice of Europe’s energy-intensive industries (which includes sectors such as cement, steel and metals) is he...

Buzzi Unicem's bid for Sacci expires

05 May 2015, Published under Cement News

Buzzi Unicem’s offer to buy Sacci SpA has expired after being rejected by the banks and creditors and the bidder is no longer bound to any commitment, the Italian cement major announced. “We inform that the population of the banks and creditors that take part in the debt restructuring agreement pursuant to article 182-bis of the Bankruptcy Law did not endorse the proposal by Buzzi Unicem. The offer has expired today and as such Buzzi Unicem is released from any subsequent commitment,” Buzzi...

Holcim automates logistics services with Schenck Process‘ LOGiQ software

28 April 2015, Published under Cement News

Holcim has optimised its automated dispatch processes and weighing technology in its eastern Europe plants. Since the beginning of the year, the LOGiQ logistics software by Schenck Process has been automating all process and data management relating to dispatch services in the company's 14 locations from Slovakia to Bulgaria. Four other locations are currently in the process of being connected to the highly available dispatch automation system including all Outbound-, Inbound- and AFR transp...

Cemex improves first-quarter trading profit

24 April 2015, Published under Cement News

Cemex' first-quarter turnover declined by 5.3 per cent to US$3399.87m, but EBITDA did improve by 6.3 per cent to US$568.54m. Helped by a 12.7 per cent reduction in the depreciation and amortisation charge, the trading profit rose by 25.3 per cent to US$335.32m. The net interest charge declined by 15.3 per cent to US$338.08m, to give an 82 per cent drop in the pre-tax loss from US$167.88m to US$30.86m. The effective net debt was 3.4 per cent lower at US$15,769m, of which 86 per cent was in...

Construction output down by 1.8% in euro area

24 April 2015, Published under Cement News

Seasonally-adjusted production in the construction sector fell in February 2015 fell by 1.8 per cent in the euro area (EA19) and by 1.2 per cent in the EU28 compared with January 2015, according to first estimates from Eurostat, the statistical office of the European Union. In January 2015, production in construction grew by 1.6 and 0.6 per cent, respectively. On an annual comparative basis, production in construction fell by 3.7 per cent in the euro area and by 2.4 per cent in the EU28 in...