Cement News tagged under: Switzerland

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Holcim: realising growth potential whilst cutting costs

10 September 2012, Published under Cement News

Holcim 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...

Holcim net profit rises, streamlines group organisation

15 August 2012, Published under Cement News

Holcim 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...

European cement majors: first half trends

06 August 2012, Published under Cement News

The 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...

ABB completes test runs at Attock Cement, Pakistan

12 July 2012, Published under Cement News

ABB has successfully completed test runs of its SpectraFlow online analysers at Fauji Cement plant in Attock, Pakistan. Fauji Cement Company (FCC), headquartered in Rawalpindi, operates a 1.165Mta cement plant, located in the province of Punjab. In 2009, Fauji Cement built a second kiln line to expand its production capacity and invested in a raw material proportioning (RMP) solution in combination with a SpectraFlow online analyser to optimise its stockpile blending. The expanded operatio...

Swiss second quarter deliveries fall

06 July 2012, Published under Cement News

In the second quarter of 2012, Swiss deliveries fell by 3.2 per cent when compared with the previous year, figures from local cement association Cemsuisse show. Deliveries for the year to June are 11.4 per cent lower than the same period of last year. This value can be attributed to a fall of around 22 per cent in the first quarter; due to a prolonged cold spell.

Holcim cost-cutting programme targets CHF1.5bn rise in operating profit

14 May 2012, Published under Cement News

Holcim said on Monday it was launching a targeted cost-cutting programme aimed at increasing operating profit by at least CHF1.5bn (EUR1.2bn) by the end of 2014. CEO Bernard Fontana: “After intensive discussions at the senior management level and based on close collaboration with the Group companies, I am confident that we will achieve these targets. At least CHF150m positive impact will be achieved in 2012.” Under the name, the "Holcim Leadership Journey 2012-2014" the programme focuses o...

Europe holds back Holcim

09 May 2012, Published under Cement News

Holcim’s first quarter turnover improved by 2.2% to CHF4,760m (€3,922m), which represents an increase of 7.1% on a comparable basis and measured in euros the turnover advanced by 8.1%.  The operating EBITDA eased by 1.1% to CHF745m (€614m), which represents a 4.6% advance in euro terms. The trading profit edged up by 0.5% to CHF349m (€287m), while at the net attributable level there was small profit of CHF10m (€8m), representing an improvement of 1.1%, or of 7% in euro terms. Net debt at the...

Holcim (US) Inc celebrates group centennial, USA

20 April 2012, Published under Cement News

The Waltham, Massachusetts headquarters of Holcim (US) Inc is participating in a year-long community service initiative to mark the centennial anniversary of its parent company, Holcim Ltd. Holcim (US) is celebrating this 100-year anniversary by participating in Together for Communities, an initiative in which Holcim employees lead local volunteer projects. "Our employees at the Holcim headquarters have responded with vigor to the challenge of Together for Communities," said Bernard Terve...

Eurocement increases stake in Holcim, Switzerland

12 April 2012, Published under Cement News

Russia's largest cement maker Eurocement has increased its stake in Holcim to 10.8 per cent, newspaper Handelszeitung reports in article to be published Thursday. Eurocement's owner, Filaret Galchev-Kaltsidis, has spent CHF100m (US$109m) to raise its holding from 10.1 per cent, the paper reports. "Our position in Holcim is now about 35 million shares, or 10.8 per cent. We have taken advantage of the low share prices for the purchase," Thierry Sauvaire, chief executive of Eurocement Holdi...

Swiss cement deliveries fall 21.8% in 1Q2012

05 April 2012, Published under Cement News

Swiss cement deliveries dropped 21.8% YoY for the first quarter of 2012, reports Cemsuisse. Dispatches across the country and Liechtenstein fell from 1.020Mt in 1Q2011 to 0.798Mt. The Swiss cementassociation attributes the decrease to the cold weather during the period, which saw the pouring of concrete halted, unlike the previous year when building activity was hardly interrupted.