Cement News tagged under: Holcim

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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...

Azerbaijan readies itself to export cement by 2014

29 February 2012, Published under Cement News

The government of Azerbaijan has said that by 2014 the country will be exporting 25 per cent of the cement it produces as new capacity comes on-stream in the coming years. President Ilham Aliyev said that domestic production covers 44 per cent of domestic demand, by 2013 this figure will reach 75 per cent, and by 2014 production will supass demand to 125 per cent. "As a result, in two years due to construction of new cement plants, Azerbaijan will be able to export 25 per cent of cemen...

Catskill plant closure to be made permanent, USA

24 February 2012, Published under Cement News

Holcim is reportedly permanently closing its Catskill plant in the state of New York, USA, according to a local news report which cites notice given to the Department of Environmental Conservation which seeks permission for Holcim to dispose of cement production waste remaining at the plant. Last June, Holcim mothballed the plant citing poor economic conditions but left open the possibility that one day the plant could reopen. At the time, the company said it would maintain permits...

ACC and Ambuja optimistic on year ahead

10 February 2012, Published under Cement News

Holcim’s Indian interests, ACC and Ambuja Cements both have an optimistic outlook for domestic cement demand this year, the Wall Street Journal reports. ACC said though economic growth during the current fiscal year hasn’t been robust, it has seen some positive signs in the last few months. “In the near term, we expect economic development will accelerate as India plans to invest about US$1trn (INR49.3trn today) in infrastructure in the 12th Five-Year Plan period,” the company said. “This ...

Holcim files lawsuit over EUA theft, Romania

27 January 2012, Published under Cement News

Holcim has filed a lawsuit against Romania’s carbon registry for damages relating to EUR1m allowances that were stolen from the company in a hacking attack in 2010, Reuters reports. The company said it had filed a EUR1m claim in November 2011m in time to beat a one-year deadline imposed by Romanian law. "We've filed a claim with Romania's national environmental protection agency," a spokesman with the company told Point Carbon News, adding that the company might revise the claimed amount of...

Holcim secures loan for new Indonesia plant

26 January 2012, Published under Cement News

Holcim Indonesia has secured a US$150m to be used to expand its production capacity in Indonesia which this year is expected to be running at close to nominal grinding capacity. Bisnis Indonesia reported that the loan, which will be used to finish the construction of a new US$450m factory in Tuban, East Java, was provided by BNP Paribas and KWF IPEX-Bank of Germany. Construction of the 1.7Mta factory is currently underway and is expected to be completed in 2013. Holcim Indonesia is the ...