Cement News tagged under: Europe

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Fitch Ratings: mixed picture for EMEA companies

27 November 2012, Published under Cement News

Fitch Ratings says 3Q12 results reported by Fitch-rated Europe Middle East and Africa (EMEA) cement companies, Holcim Ltd ('BBB'/Stable), HeidelbergCement AG ('BB+'/Stable) and Lafarge SA ('BB+'/Stable) showed a number of positives, but confirmed that general market conditions are still challenging and the outlook remains uncertain. Europe disappoints The European markets represented a negative surprise, mainly due to a weakening in volume sales. This not only reflects some peripheral ...

Italcementi: October ‘12

09 November 2012, Published under Cement News

Italcementi is investing €150m to restructure its Rezzato works. Work is to begin this November and should be completed by the end of 2014. This investment should enable production costs to be reduced by approximately 23% and the consumption of raw materials to be lowered by 8%.

Cemex: October ‘12

09 November 2012, Published under Cement News

During the first nine months of the year, Cemex' turnover came off by 2.1% to US$11,273.8m, but the EBITDA did improve by 9.0% to US$2,003.2m. The trading profit rose by 37.8% to US$1,921.8m and the net interest charge increased by 3.7% to US$1,044.8m. After taking losses on financial instruments and other non-trading items into account, the pre-tax loss, which had jumped by 113.2% a year earlier, fell by 74.7% to US$174.3m. The net attributable loss dropped by 64.8% to US$419.7m. The net d...

Dyckerhoff reports stable nine month volumes

06 November 2012, Published under Cement News

Dyckerhoff reported stable volumes for the first nine months of 2012 as the recovery in Russia and USA almost counterbalanced declines in the other regions. Sales increases in the Eastern Europe and USA divisions also offset decrease in the Germany/Western Europe division. Germany and Western Europe fell seven per cent to EUR588m from EUR633m. Sales in Eastern Europe rose by seven per cent to EUR487m from EUR456m. Sales in the US were up 24 per cent to EUR160m from EUR129m. Group EBITDA ...

Cemtech Europe 2012

05 November 2012, Published under Cement News

Cemtech Europe 2012 was held in Geneva, Switzerland, for the first time, on 23-26 September. More than 250 delegates assembled at the Intercontinental Hotel to hear the latest market trends and a wide variety of technical presentations on cement-related topics. On the final day attendees were also invited to take part in either a technical workshop or a tour of Holcim’s Eclépens plant. Cemtech Europe 2012 welcomed delegates to Geneva, Switzerland, for its 21st anniversary conference, ...

Europe: 2012 trends and outlook

05 November 2012, Published under Cement News

Eurostat data published earlier this week shows that August was the eighth month in a row to register YoY declines in Eurozone construction output among member states – the latest confirmation that a slowdown in overall European construction activity and cement demand shows no real signs of relenting.   Figures from Eurostat show that compared with August 2011, output in August 2012 dropped 5.5 per cent in the Eurozone and 6.8 per cent in the EU27, with the strongest declines seen in Portug...

Cemex Spain lay off 370 workers as cement consumption plummets

29 October 2012, Published under Cement News

Cemex Spain has lodged an employment regulation (ERE) for 370 workers, 21.2% of the 1740 employees that the Mexican multinational has in the country. The company justifies this measure of 'Horizon Plan' by the collapse in demand for cement in Spain, which "is putting at serious risk the future of this industry." Other measures include reducing eight factories to three to produce cement. So, it keeps its integrated production at the plants of Morata de Jalon (Zaragoza), Lloseta (Baleare...

Construction held by challenging macroeconomic environment

08 October 2012, Published under Cement News

A recent research note by analysts at CM-CIC Securities sees four main themes for the global construction sector in light of a prevailing harsh macroeconomic environment. While diverse trends are being witnessed in the US and Europe and emerging markets are expected to see a slowdown in growth, a turning point could be reached in 2012-13 in terms of margins.   Taking a historical look, the France-based research house highlights that today's construction industry crisis, which was fuelled by...

Euro construction falls in July

20 September 2012, Published under Cement News

Euro-area construction output fell for a second month in July, led by declines from Spain to The Netherlands. Construction in the 17-nation euro area fell 0.3 per cent from June, when it dropped a revised 0.6 per cent, the European Union’s statistics office in Luxembourg said. From a year earlier, construction output declined 4.7 per cent. In Italy and Spain, the euro region’s third- and fourth- largest economies, output dropped 2.2 per cent and 2.1 per cent in the month, respectively, the...

Global market outlook

17 September 2012, Published under Cement News

Analysts at Jefferies International have recently provided an update on their expectations for global cement markets. While prospects for the US are improving, emerging markets are beginning to face uncertainties and the outlook for Europe is weaker than it previously anticipated. US markets have performed stronger than expected in 2012, having risen 15 per cent in the first half to 37Mt. While growth slowed in June and the rate is expected to ease to around three per cent for the remaind...