Cement News tagged under: Holcim
Siggenthal cement works shifts to lignite, Switzerland02 July 2013, Published under Cement NewsHolcim’s Siggenthal cement works in Switzerland is changing over its fuel supply from anthracite to lignite. It is expected to require around 1500t per week to fuel its kiln. The lignite is supplied as pulverised coal from Europe by rail and once at the plant, it is stored in a new steel silo of 55m high and 10m diameter, constructed for the purpose by the cement producer. Two additional railway tracks have also been built. |
Holcim to sell its operations in New Caledonia18 June 2013, Published under Cement NewsHolcim will sell its operations in New Caledonia (Holcim Nouvelle Calédonie SA) to Tokuyama Corporation of Japan for an undisclosed amount. Holcim Nouvelle Calédonie SA, which runs a 200,000tpa grinding plant, has always been “slightly isolated from the rest of the group’s assets,” the company said in statement, making this divestment a strategically viable solution. Tokuyama will acquire 74.1 per cent of issued ordinary shares owned by Holcim (Outre-Mer) SAS. The transaction is schedule... |
Holcim Philippines gets go-ahead for new plant09 May 2013, Published under Cement NewsHolcim Philippines has received approval from its Swiss parent company to construct a US$550m cement plant in Bulacan, to support brisk private and public-sector investment. Speaking to local press, the company's CEO, Ed Sahagun, said the new plant will have a capacity of 2.5Mta and is expected to come on-stream in 2016. “The timing of the construction of new plant is perfect because the country is doing well in a lot of aspects,” Mr Sahagun said. The company is currently resuming oper... |
Cost cuts, improved pricing boost Holcim 1Q08 May 2013, Published under Cement NewsHigher prices, cost savings from its efficiency programme as well as the sale of a stake in Cement Australia helped Holcim compensate for harsh first-quarter winter weather which dragged on sales. Consolidated net sales for the first three months of the year were 7.2 per cent lower at CHF4.3bn (EUR3.5bn) and operating EBITDA fell by 9.5 per cent to CHF650m, the main reason for which, Holcim noted, was the lower performance by both Indian group companies. However, better results were achie... |
Tax write back boosts ACC and Ambuja Cements 1Q, India06 May 2013, Published under Cement NewsHolcim's Indian cement interests, ACC and Ambuja Cements, managed to post an improved first-quarter performance YoY despite a decline in sales, largely due to a writeback of income-tax provisions during the March quarter and an additional depreciation recognised for the March quarter last year. Both companies, in which the Swiss major holds a 50.3 per cent stake each, follow the calendar year (Jan-Dec) as their financial reporting year. India's number two cement producer, ACC, poste... |
Holcim Nicaragua continues to invest01 May 2013, Published under Cement NewsHolcim Nicaragua is carrying out various works at its Nagarote grinding plant, representing an investment of US$3m this year. The company is currently expanding its cement dispatch centre and its cement storage capacity in addition to the recent installation of new cement grinding equipment. Holcim Nicaragua is the second-largest player in the Central American country behind Cemex Nicaragua. Holcim's Nagorote grinding plant has a capacity of 0.3Mta. |
Huaxin Cement sees net profit down 48.32% in 201226 March 2013, Published under Cement NewsHuaxin 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 project20 March 2013, Published under Cement NewsLoesche, 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 venture14 March 2013, Published under Cement NewsHolcim 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 outlook13 March 2013, Published under Cement NewsMoody’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 ... |