Cement News tagged under: Lafarge
Lafarge Pakistan Cement swings to profit20 March 2013, Published under Cement NewsLafarge Pakistan Cement (LCP) has earned a net profit after tax of PKR1.488bn (US$15.17m) for the year ending 31 December 2012, compared to a loss of PKR118.42m in the previous year. Net sales rose PKR9.624bn last year from PKR7.804bn, reflecting a growth of 23.32 per cent. The cost of sales stood at PKR6.44bn against PKR6.148bn in 2011. The company incurred distribution costs of PKR225m and administrative expenses of PKR627n compared to PKR246m and PKR487m, respectively, the year before. ... |
Lafarge executive visits Pakistan operations13 March 2013, Published under Cement NewsLafarge's executive vice president of Energy and Strategic Sourcing, Peter James Hoddinott, has visited the group's operations in Pakistan to review its latest sustainability achievements and explore export potential. During the visit, which took place over 6-8 March 2013, Mr Hoddinott toured the Lafarge Pakistan Cement (LPC) plant which is located at Kalar Kahar, district of Chakwal, Punjab province. He commended Lafarge’s local team on upholding the group’s guiding principle of sustainab... |
Lafarge improves operational performance25 February 2013, Published under Cement NewsFull-year 2012 results published by global cement major Lafarge showed strong growth in emerging markets and improvements in operational performance, and it now expects to meet most of its cost-cutting goal one year ahead of target. Lafarge's turnover increased 3.5 per cent last year to EUR15,816m and EBITDA by 7.2 per cent to EUR3450m. The trading profit showed a 12 per cent recovery to EUR2440m while pretax profit was also ahead by 36.2 per cent. However, net profit declined by 27.2 per... |
Lafarge's 2012 consolidated sales rise on higher prices, emerging markets20 February 2013, Published under Cement NewsLafarge reported a 3.5 per cent rise in consolidated sales for 2012 driven by price increases across all product lines, higher cement volumes in Latin America and Asia and favourable foreign exchange effects. For this year it sees growth in cement demand with emerging markets continuing to lead the way. The group achieved cost savings of EUR410m in the year, delivering on its cost savings target as its savings plan is gathering pace generating EUR80m of EBITDA in 2012. EBITDA and curre... |
Boral boosted by Asian acquisition from Lafarge13 February 2013, Published under Cement NewsBoral increased its turnover for the six months to the end of December by 14 per cent to AUD2774m (€2130m) and the EBITDA was ahead by eight per cent to AUD256m (€197m). Without acquisitions, the largest of which was Lafarge's share of the Asian plasterboard business, turnover would have been broadly stable. Trading profit was just three per cent higher at AUD112m (€86m) and after a net interest charge 47.1 per cent up at AUD50m (€38m), the pre-tax profit declined by some 16 per cent to A... |
Lafarge India plans bond issue – report08 February 2013, Published under Cement NewsLafarge India plans to raise INR500 crore through a bond issue, the Economic Times (ET) of India has reported. "The company will raise the bonds in tenors of two-three years," two people familiar with the development told ET. "The coupon may be anywhere around 9.15-9.20 per cent for these bonds, since they are not frequent issuers," said a bond broker from a Mumbai-based brokerage. India Ratings has assigned AA+ rating to the bonds. |
Eagle Materials trading profit almost trebles, USA07 February 2013, Published under Cement NewsEagle Materials' turnover, including its share of the Texan cement joint venture with HeidelbergCement, rose by 22.7 per cent to US$366.32m for the six months to the end of September and the trading profit virtually trebled to US$53.35m. After a net interest 20 per cent lower at US$7.31m, the pre-tax profit jumped by 424.5 per cent to US$46.04m. Net debt of US$243.9m at the end of September represented 48.6 per cent of shareholders' funds compared with 59.4 per cent a year earlier. Eagle ... |
Holcim raises cement prices in Mauritius25 January 2013, Published under Cement NewsHolcim raised its price of a 50kg bag in Mauritius to MUR211.60 or US$6.86 (delivery to Port-Louis). In other parts of the island, a premium of around MUR5-10 is paid to trucking costs. The island’s other supplier Lafarge, last raised its prices in April 2012 and a 50kg bag, for delivery to Port-Louis, of their cement costs MUR195.50. In the recent past, the State Trading Corporation stopped importing cement, leaving the two cement producers with a clear field to expand their busine... |
Algeria’s Oggaz plant hits production record21 January 2013, Published under Cement NewsThe Lafarge-owned Oggaz cement plant, in Mascara, Algeria, achieved a new production and sales record for grey cement in 2012. Meanwhile, increased output of white cement reduced imports of the product by nearly one-third. In 2012, around 3.1Mt of grey cement left the factory gates, according to the company. Lafarge Algeria CEO, Luc Callebat, said: “The Oggaz plant is only five years old but managed to reach the historical result of 3.1Mt of grey cement sold in 2012. It is the countr... |
Lafarge completes trials for new generation low-carbon cement17 January 2013, Published under Cement NewsLafarge has successfully completed an industrial trial for Aether®, its new-generation clinker formulated for lower-carbon cements. The trial mobilised a team of around 100 people over a 10-day period at the Group's plant in Le Teil, France. It allowed the production of 10,000t of Aether® clinker, confirming the feasibility of industrial-scale production using traditional raw materials. The launch of the first Aether® products is planned for 2014. Aether®, a new clinker formulation to red... |