Cement News tagged under: Holcim

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Tanga Cement profit rises 56 per cent, Tanzania

31 August 2012, Published under Cement News

Tanzania-based Tanga Cement, part of the Holcim Group, has posted a  56 per cent YoY rise in net profit to TZS15bn (US$9.5m) due to increased exports and stable electricity supplies. Gross profit was also driven by a 14 per cent rise in domestic sales while exports increased 35 per cent YoY.  Commenting on the results, acting Chairman, Prof Samuel Wangwe said: "With substantially reduced maintenance and electricity costs, gross profit for the period increased by 40 per cent to TZS30.25b...

Holcim to employ more co-processing in China

23 August 2012, Published under Cement News

Holcim will focus on co-processing technology to get ahead in China’s competitive market. The Swiss major views China as a valuable market where its profits improve in future years. "The current market is flat. As the market continues to flatten, the nature of competition will change. The values of sustainability and environmental performance will play a much bigger role for a company's further development," said Ian Thackwray, Holcim's president for Asia-Pacific and South Africa. Holc...

Holcim's profit ahead, reshuffles top management

20 August 2012, Published under Cement News

Holcim increased its consolidated sales of cement fuelled by the emerging markets and North America in the 1H12. However, the group said it is advancing a cost-cutting programme as European sales drop faster than anticipated and has announced a management shake-up in an effort to streamline its group structure.   The Swiss cement major noted that first-half turnover improved 2.1 per cent to CHF10,357m (US$10,651m) and in euro terms there was a 7.6 per cent increase to €8591m. Higher sales v...

Holcim net profit rises, streamlines group organisation

15 August 2012, Published under Cement News

Holcim reported increased sales and improved prices in the first half of 2012, with better margins in the second quarter despite a challenging operating environment in Europe. The group has further said it is  looking to implement a  “leaner and more efficient structure” . As part of the new changes, three managers will leave the executive committee and Urs Bleisch will head the “Holcim Leadership Journey” cost-cutting initiative. Consolidated net sales increased by 2.1 per cent in t...

Life Insurance Corp trims stake in ACC, India

15 August 2012, Published under Cement News

State-run Life Insurance Corporation (LIC) has sold 2.68 per cent stake in cement maker ACC  for INR187.75 crore through open market operations. LIC had 10.51% stake (or 18.77 crore shares in ACC) prior to the transactions that took place between November 2011 and August 2012, both at the Bombay Stock Exchange as well as the National Stock Exchange, the cement firm said in a regulatory filing today. Following the transactions, LIC's shareholding in ACC, in which Swiss major Holcim holds a ...

European cement majors: first half trends

06 August 2012, Published under Cement News

The last week has seen three leading European cement majors release first-half 2012 results: Lafarge, HeidelbergCement and Italcementi. The latest figures appear to confirm the upturn in North America, which, together with the emerging markets, have been the main drivers of demand as parts of Europe remain a drag on performance. While a slower volume growth environment persists, improved pricing and cost reduction measures continue to be central themes.   In terms of market performance, wes...

Holcim: July '12

03 August 2012, Published under Cement News

The Holcim associate Huaxin Cement has announced that it expects profits to fall by at least 50 per cent in the year 2012, largely because of the reduction seen in cement prices. The Holcim associate Siam City Cement has increased its estimate for growth in its cement consumption this year to six per cent as a result of the new government flood protection measures on top of the already good economic growth. The company's 1H growth should be between 6-8 per cent. Holcim (Azerbaycan), t...

ACC reports 26 per cent net profit rise

27 July 2012, Published under Cement News

ACC of India reported a rise of 26.33% in consolidated net profit to INR4.15bn for the quarter ended June 30, 2012 as compared to INR3.28bn in the same period last year. Total consolidated income for the company, which is 50.3 per cent owned by Holcim, increased by 15.13% to INR29.59bn for the quarter ended June 30, 2012 from INR21.90bn in the year ago period. Net sales rose 14.95% to INR29.19b  for the quarter compared to INR25.39bn in the same period last year.

Holcim could face 20% fine, Brazil

25 July 2012, Published under Cement News

Holcim may be issued with a fine this year for price fixing practices in Brazil, a third less than the maximum that was expected, BusinessWeek reports. Brazil’s antitrust regulator Cade is expected to issue a penalty of 20 per cent of Holcim Brasil’s 2005 revenue, according to a source familiar with the matter.  Holcim may receive a fine of as much as 30 percent of Brazil revenue in that year, Roland Walker, a company spokesman, said in an e-mail, declining to give the sales figure. C...

India first quarter market expectations

20 July 2012, Published under Cement News

Indian cement companies are expected to post higher net profits and sales in the first quarter of the current fiscal (April-June FY13) thanks to improved prices and higher demand. However, gains in profits for most cement companies will be impacted by rising costs owing to higher railway-freight charges. Besides, rupee depreciation will increase the cost of imported coal, a key raw material and fuel for the industry, according to brokerage Kotak Securities. Market expectations for...