Cement News tagged under: Switzerland

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LafargeHolcim in talks with PPC

27 October 2017, Published under Cement News

LafargeHolcim announced that it is in talks with the board of directors of PPC regarding a possible transaction in Africa. “No agreement with PPC has yet been reached and no assurance can be given at this stage that a transaction will materialise,” said the building materials producer in a brief statement.  

Swiss Cement distribution falls by 2.7% in 3Q17

06 October 2017, Published under Cement News

Deliveries of Swiss cement in the 3Q17 saw a slight decrease in shipments of 2.7 per cent compared with the same period last year. Compared with the 2Q17, sales were down further at -4.7 per cent.  At the end of September, total YtD shipments were down by 3.5 per cent compared to the previous year.

EU and Switzerland link emissions trading systems

14 September 2017, Published under Cement News

The EU and Switzerland are joining their respective emissions trading systems following the adoption of the European Commission of two proposals to finalise an agreement between the two parties. The Swiss Federal Council has approved a deal to link the carbon markets of the country with the European Union, according to the European cement association, Cembureau. The move sees participants in the EU Emissions Trading System (EU ETS) permitted to use the allowances from the Swiss system for c...

LafargeHolcim revises its full-year global market forecasts

28 July 2017, Published under Cement News

LafargeHolcim reported improved sales and operating EBITDA adjusted for the second quarter of 2017 on a like-for-like (LFL) basis but has revised down forecasts for growth in its global cement markets, notably due to weaknesses in southeast Asian countries and Nigeria. Nevertheless, the company said it remained on course to hit its 2017 profit targets. Continued earnings growth in 2Q17 saw LFL net sales up by 3.6 per cent supported by sustained pricing momentum and a slight advance in ceme...

SIKA achieves record sales

27 July 2017, Published under Cement News

With sales growth of 8.1 per cent in local currency, Sika achieved a new sales record of CHF2994.9m (US$ 3140.4m) in the first half of 2017. Targeted investments in new products, national subsidiaries and factories as part of Sika's growth strategy provided growth stimuli. In the first half of the year, the negative currency effect (-1.4 per cent) reduced sales growth in Swiss francs to 6.7 per cent. Net profit up 16% Volume growth, together with disproportionately low cost developmen...

LafargeHolcim reports 2Q earnings growth

26 July 2017, Published under Cement News

LafargeHolcim reported today its fifth consecutive quarter of like-for-like adjusted operating EBITDA growth. Middle East Africa, Latin America and North America regions all contributed to the earnings momentum with the US, Nigeria and Mexico among the notable performers. Net sales were up by 3.6 per cent on a like-for-like basis to CHF6850m (US$7175m) . Despite positive results in India, which continued its recovery post-demonetisation, the Asia-Pacific region was weighted down by pe...

Coup in Switzerland

10 July 2017, Published under Cement News

“Coup” appears to be the much-used buzzword surrounding the appointment of Jan Jenisch as the new LafargeHolcim CEO on 22 May 2017. He is expected to take over as CEO on 16 October although in all likelihood will start work earlier. The news was well-received by the stock markets as LafargeHolcim shares jumped 4.4 per cent to CHF56.70 at the start of trading on Monday, 27 May. Analysts Bernstein have described the appointment as one that “ticks all the right boxes”. They highlight his “int...

Swiss cement demand contracts 4.7% in 2Q17

07 July 2017, Published under Cement News

In the second quarter of 2017, dispatches by Swiss cement producers to the domestic market have contracted by 4.7 per cent to 1,187,613t from 1,245,811t in 2Q2017, according to Cemsuisse, the country’s cement association.  In the first half of the year, dispatches slipped by 3.9 per cent YoY to 2,040,783t from 2,123,948t.

LafargeHolcim to start share buy-back programme

31 May 2017, Published under Cement News

LafargeHolcim announces that it will start its share buy-back programme of up to CHF1bn (EUR916.9m) over 2017-18 on 1 June 2017. The programme that was initially announced at the Capital Markets Day on 18 November 2016 and authorised by the Board of Directors on 26 January 2017, will be conducted using a second trading line on the SIX Swiss Exchange. UBS AG has been mandated as the execution agent to make the share repurchases on behalf of LafargeHolcim. The second trading line is expecte...

Schuler to succeed Jenisch as CEO of Sika

23 May 2017, Published under Cement News

Sika has appointed Paul Schuler, currently Regional Manager Europe Middle East Africa (EMEA), as Chief Executive Officer, effective 1 July 2017. He succeeds Jan Jenisch who has accepted to become the new CEO of LafargeHolcim.   Mr Schuler has been with Sika for 29 years and has been a member of the Group Management since 2007. He served as Regional Manager North America from 2007 to 2012 and as Regional Manager EMEA from 2013 until now. Sika noted in a statement released yesterday that he...