Cement News tagged under: Switzerland

RSS feed

Cost cuts help Holcim 2Q net profit edge ahead

15 August 2013, Published under Cement News

Holcim has reported a slight increase in 2Q net profit as cost cuts helped boost profitability but weaker demand in India, Canada and Mexico fell short of expectations. Net income edged up to CHF383m (US$411m) from CHF377m a year earlier. Revenue fell 3.3 per cent to CHF5.33bn in the three months through June as Ambuja Cements Ltd, its Indian subsidiary, struggled with an early monsoon season and weaker-than-expected economic growth in the country. Last month, Holcim restructured it...

Harris Associates builds up stake in Holcim, Switzerland

23 July 2013, Published under Cement News

Holcim said Chicago-based asset manager Harris Associates LB acquired shares in the Swiss cement major and now owns a stake worth CHF654m (EUR530m) Harris notified that it owned 3.04 per cent of Holcim's shares, therefore making it the third-largest shareholder in the Swiss cement major.

Swiss cement deliveries advance 2.3% in 1H13

05 July 2013, Published under Cement News

In the second quarter of 2013, the domestic deliveries of the Swiss cement industry increased 1.8 per cent when compared with 2Q12, according to the latest data from CemSuisse, the Swiss cement association. Dispatches rose from 1.286Mt in 2Q12 to 1.262Mt. In the first half-year, deliveries increased 2.3 per cent from 2.06Mt in 1H12 to 2.11Mt, reflecting the active construction market in the country. For the end of the year, a stable to slightly contracting volume can be expected.

Siggenthal cement works shifts to lignite, Switzerland

02 July 2013, Published under Cement News

Holcim’s Siggenthal cement works in Switzerland is changing over its fuel supply from anthracite to lignite. It is expected to require around 1500t per week to fuel its kiln. The lignite is supplied as pulverised coal from Europe by rail and once at the plant, it is stored in a new steel silo of 55m high and 10m diameter, constructed for the purpose by the cement producer. Two additional railway tracks have also been built.

Cost cuts, improved pricing boost Holcim 1Q

08 May 2013, Published under Cement News

Higher prices, cost savings from its efficiency programme as well as the sale of a stake in Cement Australia helped Holcim compensate for harsh first-quarter winter weather which dragged on sales. Consolidated net sales for the first three months of the year were 7.2 per cent lower at CHF4.3bn (EUR3.5bn) and operating EBITDA fell by 9.5 per cent to CHF650m, the main reason for which, Holcim noted, was the lower performance by both Indian group companies. However, better results were achie...

Swiss cement deliveries in the first quarter of 2013

08 April 2013, Published under Cement News

Swiss deliveries increased slightly in the first quarter of 2013 despite harsher weather conditions, latest data from domestic cement association Cemsuisse shows. In the January-March 2013 period, domestic deliveries increased by three per cent to 821,655t compared to  798,008t in the same period of the previous year. This advance was achieved despite a colder and more prolonged winter than usual.

HSBC downgrades Holcim

31 January 2013, Published under Cement News

HSBC downgrades Holcim to neutral from overweight and raises target to CHF77 from CHF75 on expectations of a recovery in cement company earnings. "Our forecast is reinforced by recent industry trends in the US and emerging markets countries, energy price falls and self-help programs," according to analysts.

Swiss cement deliveries see 2012 setback

09 January 2013, Published under Cement News

Domestic cement sales in Switzerland saw a 6.2 per cent decline in 2012, latest data from the domestic cement association, Cemsuisse shows. For full year 2012, domestic sales reached 4.395Mt compared to 4.687Mt in 2011. The country was affected by a long period of adverse weather conditions during the spring which led to first quarter deliveries being down by 22 per cent. In the fourth quarter sales were 1.092Mt, down 1.18 per cent from the 1.105Mt recorded in 4Q11. The proportion o...

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...