Cement News tagged under: europe

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Holcim to reorganise Obourg, Belgium

24 April 2014, Published under Cement News

Holcim Belgique announced its plans to adapt the organisational structure of its Obourg cement works near Mons, a step which would affect 48 jobs. The company attributes the reorganisation to the significant fall in Dutch cement consumption and a slowdown in French cement demand. Holcim Belgique serves the markets in the north of France, Belgium, southern Netherlands and western Germany. Holcim says the move is expected to bring the plant back to profitability as its products improve ...

EC to investigate Cemex and Holcim Spanish deal

24 April 2014, Published under Cement News

The European Commission said on Wednesday it is investigating plans by Cemex and Holcim over a Spanish deal because of competition issues. "The Commission has concerns that the transaction may reduce competition in certain areas of Spain where the two companies' activities overlap," the EU executive said in a statement. Removing Holcim from the Spanish market “could facilitate coordination” between cement makers, the statement added. Collusion on pricing and customer allocation “could b...

Holcim Spain to cut staff by 122

17 April 2014, Published under Cement News

Holcim Spain and unions have reached a preliminary agreement to reduce the company’s staff of 650 by 18.7 per cent, according to the Spanish news service ABC. As a result 122 workers would be affected, rather than the 141 as stated in the initial ERE employment regulation record, reported earlier. Since 2008, Spain’s cement market has contracted considerably with cement producers making significant adjustments in terms of plant closures and staff lay-offs. Holcim employed over 2000 peop...

Italcementi shareholders approve 2013 results

17 April 2014, Published under Cement News

At Italcementi’s annual general meeting in Bergamo yesterday, the shareholders of Italcementi SpA approved the financial statements for 2013. The company closed the year with an operating profit of EUR159.3m (against a loss of EUR140.2m the year before) and revenue of EUR4235.4m. The AGM approved distribution of a dividend of EUR0.06/each ordinary share (EUR0.06 in FY12) and EUR0.06/each savings share (EUR0.06 : 2012), with the total corresponding amount to be withdrawn from the extraordina...

Spain: cautious outlook maintained

14 April 2014, Published under Cement News

Cement demand in Spain registered its first monthly growth since the recession started as it reached 875,000t in March, up 16 per cent YoY, according to Oficemen data. However, the increase has been attributed to a weaker comparative period, with the Easter holiday falling in March last year resulting in few working days. Moreover, March 2013 was one of the wettest in history, further hampering building activity last year.  March 2014, on the other hand, has experienced much milder weather...

Oyak eyes Europe, Africa acquisitions

10 April 2014, Published under Cement News

Turkey-based Oyak is looking into acquisitions in the cement sector, with a specific focus on Europe, Africa and Great Britain, its cement group chairman Celalettin Caglar said on Thursday. Speaking to Reuters, Caglar said that the group is also interested in acquisition opportunities that could arise through the Lafarge and Holcim merger as the groups look to divest in assets to appease potential concerns by antitrust regulators. The company’s said on Monday that two-thirds of divestments ...

Mixed full-year performance for Holcim

28 February 2014, Published under Cement News

Holcim reported a mixed performance in 2013 as attributable profit doubled while turnover declined. Overall volumes were down due to weaknesses in key emerging markets, but European shipments were finally on the up. For the full year Holcim’s turnover declined by 6.8 per cent to CHF19,719m (US$22,349m). Operating EBITDA edged ahead by 0.2 per cent to CHF3896m, though ignoring last year’s restructuring there was a 5.6 per cent reduction. Trading profit rose by 34.8 per cent to CHF2357m but w...

CRH expects 2014 profit growth

25 February 2014, Published under Cement News

Irish building materials major CRH said 2013 represented a trough in its profits and expects growth in 2014 encouraged by improving trends in the USA and signs of stabilisation in Europe. Full-year turnover eased by an underlying 0.3 per cent in 2013 to EUR18,031m while the EBITDA declined by 5.6 per cent to EUR1,475m. The trading profit before charging EUR650m of impairments was down by 10.0 per cent to EUR750m, with European building products accounting for nearly two thirds of this ch...

Lafarge's profit drops in Europe and Latin America, but group net profit jumps

24 February 2014, Published under Cement News

Lafarge's turnover declined by 3.9 per cent to EUR15,198m in 2013, having increased by 3.5 per cent in 2012. The EBITDA came down by 9.4 per cent to EUR3102m and the trading profit fell by 14 per cent to EUR2,075m as carbon credits dropped by 85.9 per cent from EUR99m to EUR14m. Net financial charges, which had been rising in recent years, declined by 4.9 per cent to EUR1041m, while other charges were 88.9 per cent lower at EUR55m, resulting in a pre-tax profit 20.2 per cent higher at EU...

Cementos Cosmos restarts Toral kiln, Spain

20 February 2014, Published under Cement News

After a two-month shutdown and an investment of around EUR2m, Cementos Cosmos has lit the kiln at its Toral de los Vados plant following an upgrade project.  The works were carried out to increase the efficiency and competitiveness of the facility and include a remodelling of the kiln to reduce energy consumption. The project has brought Toral, which celebrates its 90th year of continued operation, up to date and transformed it into a modern and efficient works.