Cement News tagged under: France

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Ireland: two former divisions of Quinn to be acquired

09 July 2014, Published under Cement News

A consortium, including some executives from Sean Quinn's old business empire, expects to buy two divisions of the old business over the next two months. The Quinn Business Retention Company (QBRC), headed by the former tycoon's number two Liam McCaffrey, has teamed up with a UK private equity house Endless LLP for the arrangement. Aventas Manufacturing Group, which took over much of the Quinn businesses along the border after it was put in receivership, said talks on the buyout are ongoing...

Holcim and Lafarge announce proposed asset disposals

07 July 2014, Published under Cement News

Two months after the announcement of their planned merger, Lafarge and Holcim have revealed the list of proposed divestments. In Europe the merged entity aims to have “a significant and balanced industrial base in Europe – around 20 per cent of its revenues – within its overall global footprint, enabling it to take advantage of the European economic recovery,” according to a joint statement. LafargeHolcim plans to sell Lafarge’s Mannersdorf works in Austria as well as the Lafarge Tarmac a...

LH Merger update: plants for sale

07 July 2014, Published under Cement News

Finally, exactly two months after the first official announcement of their 'merger of equals', Lafarge and Holcim clarify which plants are likely to be put up for sale. No surprises for those who've been following our coverage of the deal to date with divestments slated for Austria, France, Germany, Romania, Hungary and the UK in Europe; Canada - but not the USA - in north America; Brazil in Latin America; Philippines in Asia; Reunion and Mauritius in the Indian Ocean... We summarise the...

Italcementi reaches threshold for squeeze-out of Ciments Français

04 July 2014, Published under Cement News

Italcementi said on Thursday it had bought more than 95 percent of share capital of Ciments Français, reaching the threshold for the squeeze-out of minorities at its French unit. Italcementi’s buyout bid for Ciments Français, which commenced on 13 June, is worth EUR79.50 (USS108.60) a share, ex dividend. The buy-out of minorities in Ciments Fran ç ais is part of the Italian cement major's plan to streamline its group structure and will lead to the delisting of the French unit from the P...

Italcementi sets Ciments Francais bid price

20 May 2014, Published under Cement News

Italcementi said on Tuesday it had fixed the price in a takeover bid for the shares in its French unit Ciments Francais that it does not yet own at EUR79.5/share. The takeover, part of the company's restructuring of its European business, will be financed via a rights issue for up to EUR500m.

Vicat improves cement shipments by more than 12%

29 April 2014, Published under Cement News

Vicat's first quarter turnover increased by 9.2 per cent to €536m, which represents an underlying improvement of 14 per cent. The cement turnover improved by 6.8 per cent to €325m, as cement shipments rose by 12.2 per cent to 4.60Mt. The turnover in concrete and aggregates was 9.8 per cent higher at €199m as aggregates shipments rose by 9.0 per cent to 5.15Mt and ready-mixed concrete deliveries increased by five per cent to 1.89Mm³. Other products and services generated a 10.1 per cent i...

Holcim to reorganise Obourg, Belgium

24 April 2014, Published under Cement News

Holcim Belgique announced its plans to adapt the organisational structure of its Obourg cement works near Mons, a step which would affect 48 jobs. The company attributes the reorganisation to the significant fall in Dutch cement consumption and a slowdown in French cement demand. Holcim Belgique serves the markets in the north of France, Belgium, southern Netherlands and western Germany. Holcim says the move is expected to bring the plant back to profitability as its products improve ...

French cement market advances 6.6% in 1Q14

07 April 2014, Published under Cement News

Cement consumption in France increased 6.6 per cent to 4.386Mt in 1Q14 compared to 4.115Mt in the same period of last year, according provisional data released by French cement association SFIC. Domestic producers delivered 4.04Mt with the balance supplied by imports. During the quarter, exports rose by 21.8 per cent YoY to 313,000t comprising 269,000t of cement and 44,000t of clinker – a YoY rise of 24.5 and 7.3 per cent, respectively. Last year, French cement consumption fell by 3.8 per ...

Guy Sidos appointed chairman of Vicat Group

07 March 2014, Published under Cement News

Jacques Merceron-Vicat, chairman of the Vicat Group has appointed current CEO, Guy Sidos, chairman in addition to his position as CEO. The board also appointed Jacques Merceron-Vicat honorary chairman.

Lafarge's profit drops in Europe and Latin America, but group net profit jumps

24 February 2014, Published under Cement News

Lafarge's turnover declined by 3.9 per cent to EUR15,198m in 2013, having increased by 3.5 per cent in 2012. The EBITDA came down by 9.4 per cent to EUR3102m and the trading profit fell by 14 per cent to EUR2,075m as carbon credits dropped by 85.9 per cent from EUR99m to EUR14m. Net financial charges, which had been rising in recent years, declined by 4.9 per cent to EUR1041m, while other charges were 88.9 per cent lower at EUR55m, resulting in a pre-tax profit 20.2 per cent higher at EU...