Cement News tagged under: Europe
Euro construction falls in July20 September 2012, Published under Cement NewsEuro-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 outlook17 September 2012, Published under Cement NewsAnalysts 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... |
ANH Refractories revamps cement division06 September 2012, Published under Cement NewsANH Refractories is launching a revamped range of products for the cement manufacturing sector following a period of intensive testing and research. The American owned company says its subsidiary, ANH Refractories Europe now manufactures and distributes its comprehensive range of refractory products for cement kilns from its Bromborough UK plant to customers worldwide.? ANH Europe managing director Peter Rooney said the aim is to simplify customers’ product selection process and drive... |
The US recovery is the one bright spot for Titan30 August 2012, Published under Cement NewsTitan’s first half turnover declined by 1.6 per cent to €547.9m and the EBITDA fell by 21.3 per cent to €112.1m, as the cement producer is caught amid a continued downturn it its domestic market of Greece and US operations prove to be its only bright spot. Titan’s trading profit fell 39.5 per cent to €50.5m, but the net financial charge dropped by 54.9 per cent to €20.5m, reducing the fall in the pre-tax profit to 21.8 per cent to €29.5m. The net attributable profit emerged 65.3 per cent l... |
Lafarge: July '1203 August 2012, Published under Cement NewsLafarge's 1H turnover increased by an underlying 4.9 per cent to €7614m and the EBITDA rose by 7.8 per cent to €1523m, while the trading profit increased by 14.7 per cent to €1022m. A lower €46m gain was taken on the sale of emission permits in the period. The net attributable profit, after charging restructuring costs and writing €200m off the assets in Greece, tumbled 95 per cent to €13m. Net debt at the end of June was 12 per cent lower at €12,550m and the gearing increased slightly from... |
US operations boost Cemex’s second quarter results23 July 2012, Published under Cement NewsCemex has reported its highest quarterly EBITDA since the third quarter of 2009 as a pick-up in US operations helps to offset declines in Europe and Mexico. Net sales reached US$3.9bn during the second quarter of 2012, an increase of 1% on a like-to-like basis for the ongoing operations and adjusting for currency fluctuations, versus 1Q11. Operating EBITDA increased by 11% during the quarter to US$702m versus the same period in 2011. On a like-to-like basis, operating EBITDA increased by ... |
Equita sees Buzzi Unicem 2Q EBITDA rising20 July 2012, Published under Cement NewsBrokerage Equita expects Italian cement maker Buzzi Unicem to report second-quarter EBITDA of EUR158m, up by 13% on the year. SeeNews Italy reports that the broker expects the revenue to have grown 9% annually to EUR838m, thanks to the good performance in Russia and the USA which is seen to have offset the weak Italian demand. The sluggish Italian market can lead the management to carrying out a goodwill impairment of the domestic division, Equita said. The analysts lowered their 2012-201... |
Euro construction output advances in May19 July 2012, Published under Cement NewsEuro-area construction output rose in May, as advances in Germany and Portugal offset declines in Italy, Spain and the Netherlands. Construction in the 17-nation euro area advanced 0.1 per cent from April, when it dropped 3.7 per cent, the European Union’s statistics office in Luxembourg said yesterday. From a year earlier, construction output declined 8.4 per cent. In Germany, Europe’s biggest economy, construction output increased 3.1 percent from April, when it fell 5.5 per cent, t... |
UBS cuts Buzzi Unicem’s EBIDTA estimates on weak European markets18 July 2012, Published under Cement NewsUBS has cut Buzzi’s 2012 EBITDA projections by three per cent and now expects it to remain flat for the year at EUR424m as lower European demand weighs on the Italian cement major’s performance. The new EBITDA estimates are in line with the group‘s guidance and eight per cent lower than the consensus estimate of EUR460m. The broker has also has cut its recommendation on Buzzi Unicem to “sell” from “neutral” saying that cement demand in Europe has deteriorated significantly. Although ... |
From boom to gloom04 July 2012, Published under Cement NewsThe European countries of Greece, Spain, Italy and Ireland have witnessed spectacular falls in cement demand from the highs seen in the last decade, as the eurozone sovereign debt crisis firmly takes its hold. With the future of the euro now also hanging in the balance and no immediate cement market recovery in sight, ICR assesses how deep the impact has been on these local markets and outlines measures being undertaken by local producers as they struggle against the downturn. Having ... |