Cement News tagged under: Lafarge
Lafarge Zimbabwe revises revenue forecasts upwards03 September 2012, Published under Cement NewsLafarge Zimbabwe has revised its revenue forecast upwards for 2012 for the second time this year after the group reported a significant rise in profits for the first half driven by increased sales. The company is now expecting year-end revenue to reach US$70m, nearly US$10m more than the US$62m projection it made at its AGM held in May this year. The Independent of Zimbabwe reported managing director of Lafarge Zimbabwe, Johnathan Shoniwa saying that in 1H12, nationwide cement demand r... |
Lafarge: August '1203 September 2012, Published under Cement NewsAfter reporting an increase in sales but a slip in volumes for 1H2012, Lafarge remains confident that cement demand will continue to rise in 2012. For the first six months, sales were up five per cent to R7.6bn and operating income 15 per cent to R1bn. However, volumes slipped one per cent to 69.7Mt for cement. In addition they were down two per cent for aggregates to 84.2Mt and seven per cent to 15.7Mt for the ready-mixed concrete segment. Lafarge chairman and CEO Bruno Lafont said, "Eco... |
Fire at Lafarge Ravena works, USA29 August 2012, Published under Cement NewsA fire broke out at the Lafarge Ravena plant in Albany, NY on Monday as a rubber conveyor belt carrying limestone snapped and caught fire, according to John Reagan, public affairs manager for the Lafarge division. The blaze broke out after 2pm and it took firefighters about two hours to douse. The fire was contained to the conveyor belt was not in danger of spreading to the main cement plant. Mr Reagan says because the plant has limestone stockpiles, operations are continuing as usual. ... |
Lafarge to export clinker to Malawi20 August 2012, Published under Cement NewsLafarge Cement Company has signed an agreement with Central Eastern African Railway System (CEARS) in the exportation of clinker from Zambia to Malawi. CEARS Company Engineer Paul Madula confirmed the development to Zambian journalists who undertook a tour of the Chipata/Mchinji railway line in commemorating South Africa Development Committee (SADC) Day in Mchinji. Mr Madula said his company will be transporting 5600tpa of clinker through the railway line from Chipata to Blantyre for an... |
HSBC lifts Lafarge share price target, France14 August 2012, Published under Cement NewsHSBC has lifted the share price target of Lafarge to EUR55 from EUR52 and reiterated its "overweight" recommendation. Analysts with HSBC revised up by three per cent their expectations for the EBITDA of the company, due to the increase in cement prices. The broker considers that in the first half of 2012, the building materials producer laid the foundations of good financial performance for the entire year. Lafarge booked a EUR13m (US$16.02m) net attributable profit for the first half of ... |
European cement majors: first half trends06 August 2012, Published under Cement NewsThe last week has seen three leading European cement majors release first-half 2012 results: Lafarge, HeidelbergCement and Italcementi. The latest figures appear to confirm the upturn in North America, which, together with the emerging markets, have been the main drivers of demand as parts of Europe remain a drag on performance. While a slower volume growth environment persists, improved pricing and cost reduction measures continue to be central themes. In terms of market performance, wes... |
Lafarge: July '1203 August 2012, Published under Cement NewsLafarge's 1H turnover increased by an underlying 4.9 per cent to €7614m and the EBITDA rose by 7.8 per cent to €1523m, while the trading profit increased by 14.7 per cent to €1022m. A lower €46m gain was taken on the sale of emission permits in the period. The net attributable profit, after charging restructuring costs and writing €200m off the assets in Greece, tumbled 95 per cent to €13m. Net debt at the end of June was 12 per cent lower at €12,550m and the gearing increased slightly from... |
Bamburi first-half pretax profit falls, Kenya03 August 2012, Published under Cement NewsKenya’s leading cement producer Bambur Cement posted a 12.86 per cent fall in pretax profit for the first half of this year to KES3.7bn (US$43.89m), hurt by financing costs that exceeded revenue growth, the company said on Friday. The company, which is part of the Lafarge group, said turnover increased 17 per cent to KES19.2bn. "The regional cement market will continue to be vibrant. Focus will be on retaining the upward trend of revenue growth," Bamburi said in a statement, adding th... |
Lafarge takes hit on Greek impairment charge, maintains outlook27 July 2012, Published under Cement NewsLafarge has reported improved second-quarter sales and operating profit but net profit plummeted as it took an impairment charge of EUR200m (US$244m) on its Greek assets. Second-quarter sales rose five per cent to EUR4261m and EBITDA increased eight per cent to EUR1007m. Net income in 2Q was only EUR57m due mainly to the Greek impairment charge. For the first-half sales increased by five per cent to EUR7614m and EBITDA eight per cent to € 1523m while net profit was EUR13m down from EU... |
Lafarge Exshaw project heading for approval, Canada26 July 2012, Published under Cement NewsThe proposed Lafarge Canada cement plant expansion application for Exshaw will go back to the Municipal District of Bighorn's planning commission today after being tabled last week for more information, according to reports in local newspaper, the Canmore Leader. The application was discussed and dissected for more than two hours at the MPC meeting on July 18 before commission members voted to table it to this week. The eight-day break gave the company and officials time to exchange addi... |