Cement News tagged under: France

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03 May 2012, Published under Cement News

Vicat's first quarter turnover declined by 5.4% after a very strong first quarter in the previous year. The cement turnover was off by 4.4% to €255m, with cement shipments declining by 5.6% to 3.79Mt. Turnover in concrete and aggregates declined by 9.8% to €162m as aggregates shipments were down by 14.8% to 4.29Mt and ready-mixed concrete deliveries fell by 16.6% to 1.48Mm³. Other products and services registered a 2.7% increase in turnover to €68m. The lower volumes reflected less favoura...

Lafarge extends EUR1.2bn credit facility, France

20 March 2012, Published under Cement News

Lafarge said Tuesday it has extended its syndicated credit facility by two years from July 2013 to July 2015 for a total amount of EUR1.2bn. The extended facility supported by 24 lenders complements Lafarge’s bilateral lines of EUR2.2bn and brings total committed credit facilities to EUR3.4bn, Dow Jones reports. In total, these lines have an average maturity of 2.8 years and do not include any default clauses linked to financial covenants, credit ratings or Material Adverse Change (MAC).

Lamarche to be named on Lafarge's board

20 March 2012, Published under Cement News

Gerard Lamarche, managing director of Groupe Bruxelles Lambert, will be named on the board of French cement maker Lafarge. He will replace Thierry de Rudder. Lamarche, 50, graduated from the University of Louvain-la-Neuve in Belgium. He also completed the advanced management programme at the INSEAD Business School. Abstracted from an original article in Le Figaro.

S&P revises down Lafarge outlook to ‘negative’

14 March 2012, Published under Cement News

Standard & Poor’s (S&P) has revised its outlook on Lafarge from ‘negative’ to ‘stable’ while keeping its BB+ long-term and B short-term credit ratings on the French cement producer. A revision to the outlook is possible, the ratings agency has said. S&P stated that the group may not be able to improve credit metrics in 2012 from the very weak levels registered at the end of 2011. The agency noted that Lafarge’s earnings declined in 2011 due to a difficult operating environment which saw ri...

Vicat improves turnover, but profits decline

13 March 2012, Published under Cement News

Turnover improved by 25.5% in 2011 to €2265.5m, but the profitability declined, mainly because of Egypt and to a lesser extent the United States, and the EBITDA came off by 2.6% to €490.9m, while the trading profit declined by 8.1% to €309.5m. Primarily as a result of the expansion in Asia, the a net interest charge jumped by 60.5% to €43.9m and with a lower contribution from associates, the pre-tax profit came down by 16.0% to €259.5m and the net attributable fell by 19.3% to €163.6m.  ...

High court halts Lafarge plans to close Frangey site, France

13 March 2012, Published under Cement News

The French High Court has blocked Lafarge’s plan to close its plant in Frangey, northern France until 25 November 2012. SeeNews France reports that the court has also annulled the group’s restructuring plan, but said the economic reasons for halting activity at the site were valid. Lafarge management will propose to staff representatives to resume negotiations for a new restructuring plan starting from November 2012. The Frangey facility employs 74. The Lafarge group had said its decisio...

Vicat sees generally favourable environments

06 February 2012, Published under Cement News

Vicat’s turnover increased by 12.5% last year to €2265.5m, which represents an underlying improvement of 9.6%. The turnover in cement improved by 10.1% to €1137.6m and aggregates and concrete sales rose by 14.2% to €818.0m. Other activities increased turnover by 17.4% to €309.9m. Cement accounted for 52.1% of turnover, slightly lower than the 53.0% seen in 2010, but exactly the same as in 2009. Group cement deliveries advanced by 11.5% to 18.04Mt, helped by a full year’s consolidation of Bh...