Cement News tagged under: Holcim
Further Spanish cuts ahead19 September 2012, Published under Cement NewsThe Spanish cement sector is facing more job cuts and possible further restructuring measures as local cement consumption continues to tumble. Management of Cementos Lemona presented yesterday a job-cutting plan, which will affect 34 employees at the company's plant in the Basque country, according to trade union ELA. Local newspaper Expansion reported that the measure is part of the viability plan of cement group Portland Valderrivas, which controls Cementos Lemona. The group is t... |
Holcim: realising growth potential whilst cutting costs10 September 2012, Published under Cement NewsHolcim highlighted its cost cutting programme and the growth potential in its emerging markets at its latest investor and analyst event, which took place on 3-4 September in Zurich, Switzerland. While a global recovery remains elusive, emerging markets continue to grow. Holcim noted its net sales have increased above their 2007 level, from US$22.543bn to US$23.306bn in 2011. However, higher costs have led to EBITDA falling by US$1.3bn from US$5.775bn to US$4.447bn over the same period. Ne... |
Huaxin sees 82.3 per cent slide in 1H12 net profit, China06 September 2012, Published under Cement NewsHuaxin Cement said net profit for the first half of 2012 fell 82.3 per cent YoY to CNY95.92m (US$15m). Operating revenue slid 1.53 per cent YoY to CNY5.49bn with basic earnings per share of CNY0.1. Huaxin Cement is 41.6 per cent controlled by Holcim. Last year, the Chinese producer continued its acquisition policy and purchased three works in the Hubei province with a combined capacity of 5Mta, giving Huaxin Cement a capacity of 58.5Mta which has increased further since year end. |
Holcim’s Indian interests report August declines05 September 2012, Published under Cement NewsHolcim’s Indian group companies, ACC and Ambuja Cements, have reported marginal declines in cement production and dispatches for August 2012. ACC, India’s second largest cement producer, posted a decline of 6.9 per cent in cement production as well as cement dispatches to 1.75Mt last month, compared to 1.88Mt in August 2011. Total cement production between January-August 2012 saw growth of 2.4 per cent to 16.47Mt, against 16.09Mt in the same period of last year. Dispatches for the eigh... |
Mining company looks to restart Kandos operations, Australia04 September 2012, Published under Cement NewsMining company Kingsgate Consolidated has signed a Memorandum of Understanding with the owners of the former Kandos cement works in an attempt to revive production. About 100 people lost their jobs when the cement works owned by Cement Australia (part of the Holcim group) stopped production last September. The New Projects Manager Simon McDonald says it is one of a few sites that will be considered. "As you know Kandos was shut down last year with the loss of quite a few jobs and s... |
Tanga Cement profit rises 56 per cent, Tanzania31 August 2012, Published under Cement NewsTanzania-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 China23 August 2012, Published under Cement NewsHolcim 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 management20 August 2012, Published under Cement NewsHolcim 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 organisation15 August 2012, Published under Cement NewsHolcim 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, India15 August 2012, Published under Cement NewsState-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 ... |