Cement News tagged under: LafargeHolcim
LafargeHolcim adjusts medium-term targets18 November 2016, Published under Cement NewsLafargeHolcim has adjusted its medium-term group targets, according to the group’s 2016 Capital Markets Day statement. In the last 12 months, the company reached net sales of CHF27.8bn and sold 244Mt of cement, 289Mt of aggregates and 56Mm3 of ready-mix concrete. LafargeHolcim has identified and initiated CHF200m of additional cost savings, which enables it to upgrade its 2018 adjusted operating EBITDA target to CHF7bn. his translates into a 2018 run rate operating free cash flow range... |
Nigeria: Ashaka Cement to delist from NSE18 November 2016, Published under Cement NewsLafargeHolcim subsidiary Ashaka Cement has said that it will voluntarily delist its shares from the Nigerian Stock Exchange (NSE) after the freely-tradable proportion fell below the 20 per cent required by the bourse’s regulations, Vanguard News reports. At present, only around 15 per cent of Ashaka stock is tradable on the NSE. Ashaka made the offer to delist to head off the possibility of the NSE taking regulatory action against it. An extraordinary general meeting will be convened t... |
India: LafargeHolcim increases stake in Ambuja and ACC16 November 2016, Published under Cement NewsLafargeHolcim has increased its shareholding in Ambuja Cement through the purchase of an additional 39.1m shares, increasing the Franco-Swiss firm’s stake by 1.49 per cent to 63.1 per cent. LafargeHolcim also increased its stake in ACC – since mid-2016 a subsidiary of Ambuja – with the purchase of 7.9m shares, taking its stake to 4.5 per cent. The cost of the two purchases amounts to CHF325m (US$324m). |
LafargeHolcim 3Q16 net sales 3.1% lower04 November 2016, Published under Cement NewsLafargeHolcim's 3Q16 net sales amounted to CHF7.03bn, 3.1 per cent lower on a like-for-like basis on 3Q15. For 9M16 net sales reached CHF20.3bn, down -1.8 per cent on a like-for-like basis on 9M15. Eric Olsen, CEO of LafargeHolcim, said: "With these results, we are demonstrating that our focus on pricing, synergies and cash flow is delivering results. Our earnings momentum is accelerating and we are on track to achieve our commitments for 2016, resulting in a year of solid progress towards ... |
Ambuja Cement profits up 80% as Indian profits climb 40% overall04 November 2016, Published under Cement NewsAmbuja Cement has released its Q3 earnings, which show that net profits for the company were up by 80 per cent YoY at INR2.77bn (US$41.5m). Revenues were down slightly, falling by 4.3 per cent to INR20bn, but dividend income from its shareholding in ACC and falling costs, particularly in terms of power and fuel (down 10 per cent) helped to improve the company’s bottom line. Ambuja reported that diesel costs rose over the period, but this was compensated for by an improved fuel mix. ... |
9M16 results see upturn in the US and Egypt04 November 2016, Published under Cement NewsSeveral cement companies released their 9M16 results this week. While the US and Egypt provided a healthy boost to business results for companies such as Titan Cement Group, in Asia and the Middle East returns were less positive. Titan Cement Group released its 9M16 results this week and relied on its Egyptian and US operations to boost its turnover, which climbed to EUR1124m, up 9.2 per cent on the same period in 2015. Several cement producers have seen good margin improvement in Egypt ... |
Lebanon: beyond tomorrow02 November 2016, Published under Cement NewsWith falling domestic consumption and foreign direct investment offering limited demand at home and the Syrian war disrupting regional export routes, Lebanon’s cement producers are cutting costs and reducing output. However, the long-term scenario offers improved opportunities both within and beyond the country’s borders. By Riwa Daou, Blominvest Bank, Lebanon. As local demand weakens and foreign direct investment falls, Lebanon's cement producers look to the medium- to long term f... |
Cemtech's 25th Anniversary Conference & Exhibition02 November 2016, Published under Cement NewsCement professionals from over 40 nations gathered at The Westin Palace, Madrid, to celebrate Cemtech’s 25th Anniversary on 18-21 September. Following major events staged in Dubai and Manila earlier this year, this final celebration marked another successful year of growth for the industry’s leading independent cement conference. Delegates settle down to the first morning presentations in the conference hall Cemtech conferences now span the globe, with annual events in Europe, M... |
LafargeHolcim02 November 2016, Published under Cement NewsLafargeHolcim has agreed to sell its 54.3 per cent controlling stake in the Chilean cement producer Cemento Polpaico for some US$225m to Inversiones Caburga, which is controlled by the Hurtado Vicuña family. Cemento Polpaico owns one integrated cement works and two grinding centres with a combined cement capacity of 2.3Mta as well as 25 batching plants and some aggregates operations. LafargeHolcim Côte d’Ivoire was re-named from Socimat at the beginning of September. The company, which tr... |
Holcim Philippines 3Q profits up 15%27 October 2016, Published under Cement NewsHolcim Philippines increased its net profit for 9M16 by nearly 20 per cent YoY to PHP5.4bn (US$111.8m), helped by a double-digit growth in cement sales. For the 3Q alone, the company's net profit rose by 15.3 per cent YoY to PHP1.7bn, which was attributed to strong sales figures and improved operational efficiency. For the 3Q operating cash flow increased by 11 per cent YoY to PHP2.7bn, driven by sustained gains in operational efficiencies implemented at the start of the year and higher c... |