Cement News tagged under: Tvornica Cementa Kakanj

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Tvornica Cementa Kakanj first-half net profit increases

28 July 2014, Published under Cement News

Bosnia-based Tvornica Cementa Kakanj (TCK) net profit rose by 6.25 per cent to BAM8.5m (EUR4.3m) in the first half of 2014 compared to BAM8m a year earlier, the company said on Friday. The HeidelbergCement group company said first-half operating income decreased by 1.5 per cent YoY to BAM31.9m while operating costs fell to BAM23.2m from BAM24.5m. TCK is based in Kakanj, in the Muslim-Croat Federation, one of the two autonomous entities that form Bosnia and Herzegovina.

Tvornica Cementa Kakanj environmental upgrade investment

14 July 2014, Published under Cement News

Bosnia-based producer Tvornica Cementa Kakanj plans to invest BAM20m (EUR10.225m) to upgrade its facilities and improve its environmental performance. The investment covers the period from 2013 to 2018. This year alone, Tvornica Cementa Kakanj (TCK) plans to invest BAM5m mainly on modernising its cement mills and dust collection system, news portal Indikator.ba said, quoting the company’s notice sent to the Tuzla Canton. The country's leading cement producer is majority-owned by Dutch-b...

Optimisation projects expected to lift TCK net profit, Bosnia

19 July 2013, Published under Cement News

Bosnian cement maker Tvornica Cementa Kakanj (TCK) expects its net profit to rise by 20-25 per cent to some BAM11-12m (EUR5.6-6.1m) thanks to optimisation measures. TCK’s cement sales are expected to be nearly flat at around 425,000t, director Branimir Muidza told SeeNews. However, ongoing investment and process optimisation measures are expected to bear fruit this year, leading to the projected rise in net profit. Part of the HeidelbergCement Group, TCK has been embarking on a number ...

Tvornica Cementa Kakanj net profit plummets, Bosnia-Herzegovina

03 May 2013, Published under Cement News

The net profit of Tvornica Cementa Kakanj, part of the HeidelbergCement group, fell by almost half to  BAM9.4m (EUR4.8m) from BAM17.2m a year earlier. Operating income fell to BAM66.5m in 2012 from BAM75.3m a year earlier while operating costs rose to BAM57.1m from BAM56.9m, the company said in a financial statement. At present, the 0.8Mta integrated works at Kankanj plant runs at about 60 per cent of its capacity. It is 45.58 per cent owned by HeidelbergCement. Following a 11.3 per ce...

Tvornica Cementa forecasts FY12 double-digit declines

10 September 2012, Published under Cement News

Tvornica Cementa Kakanj (TCK), the Bosnian unit of HeidelbergCement, expects to post a 10-14 per cent drop in cement sales this year as local market conditions and the impact of the Euro zone crisis continue to weigh on performance. Speaking to SeeNews, the company’s general manager, Branimir Muidza, said that cement sales are seen at around BAM64m. "On the backdrop of the existing economic environment, our domestic sales volumes are seen flat in 2012 and would depend on the pace of const...

Tvornica Cementa Kakanj forecasts 10-14% drop in in revenues, Bosnia

27 July 2012, Published under Cement News

Tvornica Cementa Kakanj (TCK), the Bosnian unit of HeidelbergCement expects to post a 10-14% drop in cement sales volume this year as conditions on the local market and the fallout from the eurozone crisis continue to weigh, a senior company official said. Cement sales are seen at around BAM64m (EUR32.7m) in 2012, TCK's general manager for Bosnia and Herzegovina and Croatia, Branimir Muidza, told SeeNews in an emailed interview. "On the backdrop of the existing economic environment, our ...