Cement News tagged under: Holcim

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Huaxin Cement sees net profit down 48.32% in 2012

26 March 2013, Published under Cement News

Huaxin Cement Co Ltd, part of the Holcim Group, said net profit last year fell 48.32 per cent to CNY556m (US$91m). It attributed the reduction to severe price competition and its profit contribution to Holcim declined. Huaxin Cement, which is based in the Hubei province, saw operating revenue for 2012 slid 0.93 per cent YoY to CNY12.52bn (US$2bn).

Loesche awarded new contract for ACC project

20 March 2013, Published under Cement News

Loesche, in a consortium with KHD, has been awarded a contract for its vertical roller mill technology to be employed at ACC’s Jamul plant in India. Loecshe will supply its mills type LM 56.3+3 and LM 43.3 D for the new project being undertaken by Holcim group company ACC. Part of the clinker produced in Jamul will be ground at the cement plant while another part will be processed at grinding terminals, for which a Loesche Mill Type LM 56.3+3 CS equipped with a classifier type LDC will ...

Holcim and Heidelberg to operate Cement Australia as a joint venture

14 March 2013, Published under Cement News

Holcim Ltd said Thursday it plans to sell a 25 per cent stake in Cement Australia to HeidelbergCement and operate the company as an equally-controlled joint venture between the two cement majors. Holcim and HeidelbergCement should be equally represented on the board and the chairmanship should rotate, the Swiss firm noted, adding that the contract on the transaction is still to be signed. Holcim currently owns 75 per cent of Cement Australia and Hanson Cement the other 25 per cent. “Th...

Moody’s upgrades Holcim outlook

13 March 2013, Published under Cement News

Moody’s Investors Service has upgraded Holcim’s outlook to stable, ending 15 months on a negative watch. Moody’s said it changed the outlook citing cash generation as cement sales in the US and emerging markets improve, according to reports by Bloomberg. Holcim maintained its investment-grade rating throughout the European financial crisis. Holcim’s Leadership savings program should gain momentum in 2013 and will help Holcim improve its finances, Moody’s said. Last year, Holcim’s ...

Holcim ahead despite Europe slowdown

04 March 2013, Published under Cement News

Annual results released by Holcim earlier this week show that cement sales for the Swiss major in 2012 were ahead in spite of lower European volumes and political instability in the Middle East. Turnover during the year rose by 3.9 per cent in 2012 to CHF21,544m and in euro terms the increase was 6.4 per cent to EUR17,867m. Operating EBITDA improved 6.2 per cent to EUR3502m before restructuring costs, after which the advance was a mere 0.7 per cent to EUR3304m. The trading profit fell by ...

Holcim (US) and Aggregate Industries US celebrates Centennial with community service Initiative

28 February 2013, Published under Cement News

Holcim and Aggregate Industries US, a Holcim Group Company, celebrated the centennial anniversary of their parent company, Holcim Ltd in 2012. To mark the milestone, the company launched Together for Communities, an initiative in which employees led local volunteer projects. Together for Communities built on the Holcim mission and extends the values that are essential to creating the highest quality products. Over the course of the year employees contributed more than 34,600 volunteer hours...

Holcim less optimistic on European construction market

27 February 2013, Published under Cement News

Holcim said on Wednesday that it was less optimistic about the prospects for the European construction market in 2013 as it reported worse-than-expected earnings for its fourth quarter. "While group regions Asia Pacific, North America and Latin America are expected to witness higher sales volumes, Holcim is somewhat less optimistic with regard to Europe and Africa Middle East," the Swiss company said. Like many building supply companies, Holcim has been hit by a slowdown in the European...

Ecuador records 5.6% rise in 2012 cement sales

26 February 2013, Published under Cement News

The Ecuadorian cement market expanded for a second year running as the Ecuadorian Institute of Cement and Concrete (Inecyc) reported a 5.6 per cent rise in dispatches. In 2012, the market absorbed 6.025Mt, an increase of 319,422t when compared with previous year’s figure. Per capita consumption rose from 386kg to 388kg in 2012. The advance represents a new record as deliveries surpassed the 6Mt mark for the first time. In 2010 and 2011, total cement sales reached 5.28Mt and 5.70Mt, respe...

Siam City Cement to upgrade and reactivate kiln line, Thailand

18 February 2013, Published under Cement News

Thailand’s second largest cement producer, Siam City Cement Co (SCCC), reported a 14 per cent rise in revenues for 2012 and says it plans to increase production at its Saraburi works. SCCC, part of the Holcim Group, achieved revenue of THB26.4bn (US$883m) in 2012, on the back of strong domestic cement consumption and significant growth in cross-border exports. Net profit rose by 10.4 per cent to THB3.6bn during the year. Fourth-quarter net revenue tripled YoY to THB756m as net sales surge...

Holcim (US) receives HandsOn South Alabama's Corporate Citizenship Award

14 February 2013, Published under Cement News

Holcim (US) announced today that its Theodore plant located in Theodore, AL, received the Corporate Citizenship Award from HandsOn South Alabama (HOSA) at the organisation’s 31st annual Heart of Gold Awards. The award honors volunteer service. HOSA mobilises volunteers in the community to make a sustainable and measurable impact in education, the environment, economic stability and emergency preparedness. "I am so proud of the work the employees of the Theodore plant have done in our commun...