Cement News tagged under: Holcim

RSS feed

Eurocement increases stake in Holcim, Switzerland

12 April 2012, Published under Cement News

Russia's largest cement maker Eurocement has increased its stake in Holcim to 10.8 per cent, newspaper Handelszeitung reports in article to be published Thursday. Eurocement's owner, Filaret Galchev-Kaltsidis, has spent CHF100m (US$109m) to raise its holding from 10.1 per cent, the paper reports. "Our position in Holcim is now about 35 million shares, or 10.8 per cent. We have taken advantage of the low share prices for the purchase," Thierry Sauvaire, chief executive of Eurocement Holdi...

Holcim Ada plant participates in centenary celebrations, USA

10 April 2012, Published under Cement News

Holcim (US) Ada cement plant located in Ada, Oklahoma is participating in a year-long community service initiative to mark the centennial anniversary of its parent company, Holcim Ltd. Holcim (US), is celebrating this 100-year anniversary by participating in Together for Communities, an initiative in which Holcim employees lead local volunteer projects. "The Centennial is an excellent opportunity to celebrate Holcim's mission," said Bernard Terver, president and chief executive officer of H...

Indian majors report March gains

04 April 2012, Published under Cement News

Three of India's leading cement producers, UltraTech Cement as well as Holcim interests, ACC and Ambuja Cement, all reported healthy gains in their respective March 2012 figures.   UltraTech despatched 4.01Mt cement in March, 6.28% higher from previous year, a company release today said. Cement production during the month rose 4.5% YoY to 3.92Mt. On a monthly basis, despatches and production rose 14% and 13%, respectively. Ambuja Cement sold 2.17Mt of cement in March this year, up 12.4...

Holcim’s Trident Park renovates plant as part of group centenary celebrations

04 April 2012, Published under Cement News

Holcim (US)'s Trident plant, located in Three Forks, Montana, is participating in a year-long community service initiative to mark the centennial anniversary of its parent company, Holcim Ltd. Holcim is celebrating this 100-year anniversary and its US division is participating in Together for Communities, an initiative in which Holcim employees lead local volunteer projects. As part of the Together for Communities initiative, the Trident plant sponsored an employee-led project to renovate...

Holcim CEO cost cutting measures – report

03 April 2012, Published under Cement News

Bernard Fontana, Holcim’s new chief executive officer, will have to restructure the cement maker’s business in Europe where additional plants will have to be closed, cut costs, and expand the company’s business in emerging markets, SonntagsZeitung said, citing criteria set for him by the board of directors. Details of Fontana’s plans will be presented on April 17 at the company’s shareholder meeting, the newspaper said. (Source: Bloomberg)

Holcim successfully completes share placement

27 March 2012, Published under Cement News

Holcim Ltd has sold 5 million treasury shares at a price of CHF59.25 per share. The proceeds of CHF296m (EUR245m) will be used for general corporate purposes. ??The closing of this oversubscribed transaction to further strengthen the Group’s balance sheet is expected to take place on or around March 30, 2012.

EPA calls for clearer visibility in Montana region, USA

26 March 2012, Published under Cement News

The US Environmental Protection Agency (EPA) has said that two cement plants in the Montana area need to invest in measures to improve visibility in wilderness areas and national parks. The EPA says upgrades are needed at Ash Grove’s cement plant near Montana City and Holcim’s cement plant near Three Forks as well as the Colstrip power plant. The three plants would need to spend a combined estimated US$90m on the required improvements. The agency says the proposal would clear the air i...

Holcim proposes new member of the board of directors

12 March 2012, Published under Cement News

Holcim's Board of Directors proposes to the Annual General Meeting (scheduled 17 April 2012) that Prof Dr Ing Wolfgang Reitzle be elected to the Board. Wolfgang Reitzle, 63, German citizen, studied engineering and economics at the Technical University of Munich and holds a degree and a PhD in mechanical engineering.  From 1976-1999 he worked for car manufacturer BMW, where in 1987 he was appointed regular member of the Executive Board, responsible for research and development. In 1999, ...

Holcim boosted by emerging markets

05 March 2012, Published under Cement News

Holcim reported sales increases in four of its five group regions in 2011, led by emerging markets in Latin America and Asia, but the impact of the soaring Swiss franc continued to affect results. Turnover eased 4.2% to CHF20,744m, but in euro terms there was a 7% increase to €16,790m and in US$ terms there was an 11.9% advance. Operating EBITDA declined 12.3% to CHF3958m, but measured in euros the reduction was just 2% to €32,030m and in US dollars there was a 2.5% increase. Trading profi...

Emerging markets continue to drive Holcim sales

29 February 2012, Published under Cement News

Holcim's consolidated sales for 2011 fell 4.2% on the previous year to CHF20.7bn (US$23.1bn), although the company says that on a like-for-like basis it saw a +7.5% increase in revenues. Due to cash-neutral impairments totaling CHF775m, net income was down 57.9 per cent to CHF682m. While operating EBITDA decreased 12.3 per cent, on a like-for-like basis it remained virtually stable at minus 0.2 per cent.  In many markets, Holcim said increased costs due to inflation, especially for raw ma...