Cement News tagged under: europe
Holcim expects to select buyers for assets by end-Jan19 November 2014, Published under Cement NewsHolcim said it expects to have found buyers for the cement plants and other operations linked to its tie-up with Lafarge by the end of January, and that the merger is on course to be completed by the middle of next year as planned. "We expect the final bids somewhere in January 2015," Bernard Fontana, chief executive of Holcim said at the company's investor day on Tuesday, adding that Holcim also hoped to select buyers for the assets the same month. "All this is consistent with an over... |
Titan suffers in Egypt, but improves elsewhere14 November 2014, Published under Cement NewsTitan’s turnover improved by 3.3 per cent to EUR879.7m in the first nine months of 2013, but EBITDA edged ahead by just 0.1 per cent to EUR146.7m. In the third quarter the EBITDA did decline by one per cent. The trading profit for the nine months was 0.7 per cent lower at EUR57.9m and, after a 6.9 per cent reduction in net financial charges and a positive contribution from associates of EUR3.6m, there was a pre-tax profit of EUR47.4m profit compared with a EUR1.1m loss. There was a net at... |
CRH's nine-month results show growth11 November 2014, Published under Cement NewsIn its autumn trading statement, CRH said that turnover improved by three per cent in Europe and by five per cent in the Americas, or four per cent overall. EBITDA should be ahead by around 10 per cent on both sides of the Atlantic, having seen a 27 per cent rise during the first half (+61 per cent in Europe and broadly unchanged in the Americas). Depreciation and amortisation charges are expected to be around five per cent lower than in 2013 and the net interest charge is forecast to be... |
Cementir boosts pretax profit11 November 2014, Published under Cement NewsCementir's turnover for the first nine months of 2014 declined by 3.7 per cent to EUR714.7m as the Turkish and Egyptian currencies declined against the euro and Italian volumes fell further. EBITDA, however, did increase by 10 per cent to EUR127.7m and the trading profit advanced by 31.7 per cent to EUR66.8m. After a net financial charge that was reduced by 72.4 per cent to EUR3.1m, the pre-tax profit jumped by 60.7 per cent to EUR63.7m compared with EUR39.7m a year ago. Net debt a... |
Italcementi reduces nine-month loss10 November 2014, Published under Cement NewsItalcementi's turnover declined by 3.1 per cent to €3,217.5m in the first nine months the year and the running EBITDA eased by 0.6 per cent to €469.3m. Very substantially lower re-organisation costs and a 12.1 per cent reduction in depreciation and impairment charges resulted in the trading profit staging a 48.1 per cent recovery to €160.9m. The net interest charge rose by 15.7 per cent to €100.0m and a larger financial impairment charge, the pre-tax profit jumped from €10m to €40.3m. Af... |
Buzzi Unicem's US profits grow10 November 2014, Published under Cement NewsBuzzi Unicem's turnover for the first nine months edged ahead by 0.2 per cent to EUR1898.7m while EBITDA improved by 10.8 per cent to EUR302.5m. The trading profit was ahead by 15.1 per cent to EUR136.1m and net financial charges declined by 38 per cent to EUR50.7m. The contribution from associates increased by 22.6 per cent to EUR36.1m, and the pre-tax profit advanced by 77.3 per cent to EUR121.8m. The tax charge still rose by 63.1 per cent while the minorities charge declined by 36.4 pe... |
EU ETS: cement sector included on EU carbon leakage risk list10 November 2014, Published under Cement NewsOn 27 October, the European Commission adopted the list of sectors expected to be at risk of carbon leakage, which will be applicable for the period 2015-19. The list includes the cement industry, a fact welcomed by Cembureau, the European cement producers’ association. “The risk of carbon leakage has increased since 2009 as a direct result of the reduction in the competitiveness of the European cement industry because of the deep economic crisis and rising energy and electricity costs. The ... |
Lafarge’s nine-month attributable profit falls 25.8 per cent05 November 2014, Published under Cement NewsIn the first nine months of the year, Lafarge's turnover, including its share of joint ventures, declined by 1.3 per cent to €11,332m while the EBITDA edged ahead by 0.5 per cent to €2320m. The trading profit improved by 2.8 per cent to €1589m, while excluding associates there was a 1.2 per cent reduction to €1431m. Net financial charges declined by 6.7 per cent to €701m and the pre-tax profit was three per cent lower at €636m. Following a 33.3 per cent higher tax charge, the net attribu... |
Holcim increases shipments in the USA, Africa and Asia03 November 2014, Published under Cement NewsHolcim’s turnover for the first nine months declined by 4.7 per cent to CHF14,243m, while in euro terms the reduction was 3.6 per cent to €12,136m and in US dollar terms the decline was just 0.9 per cent, while on a like for like basis there was a 3.4 per cent increase. The Asia Pacific region generated 36.6 per cent of group turnover, down from 37.5 per cent a year earlier, while Europe represented 29.9 per cent, up from 28.4 per cent. Latin America contributed 15.7 per cent against 17.1... |
Holcim and Lafarge formally notify EC28 October 2014, Published under Cement NewsLafarge and Holcim have formally notified the European Commission (EC) of their proposed merger to obtain regulatory approval and have made slight changes to the list of assets being disposed in Europe. During the pre-notification discussions which Lafarge and Holcim have had with the European Commission, the list of proposed assets for divestment in Europe has been slightly amended. Compared with the list of assets presented on July 7, 2014, the two companies now propose to: • retain Lafa... |