Cement News tagged under: Weekly Newsletter
Cementir advances in Denmark and Sweden12 May 2015, Published under Cement NewsCementir's first quarter turnover eased by 0.9 per cent to EUR204.7m and the EBITDA came off by 1.6 per cent to EUR24.2m, primarily reflecting difficult market conditions in Turkey and Egypt. At constant exchange rates, the turnover would have been down by 4.1 per cent to EUR198.0m. The trading profit declined by 31.5 per cent to EUR3.1m, but at the pre-tax level there was an improvement to EUR3.8m from a loss of EUR1.8m. Net debt at the end of March was 10.2 per cent lower than a year... |
Holcim files Lafarge stock exchange offer12 May 2015, Published under Cement NewsHolcim Ltd said on Monday it has filed with the French financial market regulator details of its proposed share exchange with Lafarge. The offer allows Lafarge shareholders to exchange all shares in the Paris-based company for newly created shares in Holcim. The exchange ratio is 10 Lafarge shares for nine shares in Holcim. Two thirds of Lafarge's 293 million shares have to be offered up by shareholders for the deal to go ahead. The offer is due to open on 1 June and run until 3 July... |
Indonesian consumption contracts in April12 May 2015, Published under Cement NewsFollowing a disappointing performance over the first three months of this year, there's still no recovery in sight for Indonesian cement consumption as latest figures show demand contracted again in April. After registering a 3.2 per cent drop YoY in 1Q15, last month demand was down by 1.1 per cent to 4.47Mt. However, the pace of decline eased from the 6.2 and 6.4 per cent reductions recorded in February and March 2015, respectively. Year-to-date update For the first four months of 2... |
Buzzi improves in the USA & central Europe11 May 2015, Published under Cement NewsBuzzi Unicem's first-quarter turnover increased by 3.4 per cent to EUR513.39m and the EBITDA went from a EUR10.26m to EUR27.15m. The loss at the trading level was reduced by 48.6 per cent to EUR19.24m. Net financial charges increased by 31.3 per cent to EUR43.01m giving a seasonal pre-tax loss 24.5 per cent lower at EUR46.16m. Net debt at the end of March was 6.6 per cent higher at EUR1133.3m, giving a gearing level of 45.1 per cent compared with 45.5 per cent a year earlier. Cement deli... |
Votorantim Cimentos issues EUR500m in European bonds08 May 2015, Published under Cement NewsVotorantim Cimentos SA announces the issuance of its Euro-denominated bond, representing the first issuance since November 2014 by a Brazilian company in the international capital markets in 2015. The issuance followed three days of investor meetings in London, Amsterdam, Munich and Frankfurt, which resulted in an issuance of €500 Euro-denominated notes due 2022 bearing interest at the rate of 3.5 per cent per annum. Despite intraday volatility in global capital markets, this successful is... |
Italcementi advances in India and Morocco08 May 2015, Published under Cement NewsItalcementi's first-quarter turnover improved by 5.1 per cent to EUR980.5m while the running EBITDA eased 0.4 per cent to EUR95.2m. The trading loss was increased by 13 per cent to EUR4.7m and net interest charge rose by 2.6 per cent to EUR34m. The pretax loss declined by 23.1 per cent to EUR34m but a higher tax charge led to a 7.5 per cent increase in the net attributable loss to EUR73.4m. Net debt at the end of March was 8.7 per cent higher at EUR2343.9m to give a gearing level of 57.7 ... |
Titan achieves better results in USA and Greece08 May 2015, Published under Cement NewsTitan's first-quarter turnover improved 12.7 per cent to EUR283.8m and EBITDA declined by 23.7 per cent to EUR23.2m. The company posted a pretax profit of EUR7.6m versus a loss of EUR9.7m a year earlier, while the net attributable profit of EUR6.6m compared with a loss of EUR11m. Net debt at the end of March, however, was up by 22 per cent to EUR660m, giving a gearing level of 42.2 per cent, compared with 38.5 per cent a year earlier. Group cement shipments increased by four per cent t... |
Vicat sees weak volumes in Europe & Turkey05 May 2015, Published under Cement NewsVicat's first quarter turnover emerged 0.1 per cent ahead at EUR537m, which represents an underlying decline of eight per cent. The cement turnover improved by 5.9 per cent to EUR341m, as cement shipments declined by 7.7 per cent to 4.25Mt. The turnover in concrete and aggregates was 5.2 per cent lower at EUR189m as aggregates shipments declined by 18.7 per cent to 4.19Mt and ready-mixed concrete deliveries came off by 9.1 per cent to 1.72Mm³. Other products and services generated a turno... |
LH clearance received in US and Canada05 May 2015, Published under Cement NewsLafarge and Holcim have received final approval for their proposed merger from the competition authorities in the USA and Canada. All competition approvals necessary for closing the transaction have now been obtained ahead of the expected closing in July 2015. Following the regulatory assessment in all key jurisdictions, Holcim and Lafarge can now present a final list of divestments to satisfy regulatory requirements. These divestments remain subject to the completion of the merger,... |
Buzzi Unicem's bid for Sacci expires05 May 2015, Published under Cement NewsBuzzi Unicem’s offer to buy Sacci SpA has expired after being rejected by the banks and creditors and the bidder is no longer bound to any commitment, the Italian cement major announced. “We inform that the population of the banks and creditors that take part in the debt restructuring agreement pursuant to article 182-bis of the Bankruptcy Law did not endorse the proposal by Buzzi Unicem. The offer has expired today and as such Buzzi Unicem is released from any subsequent commitment,” Buzzi... |