Cement News tagged under: europe
Companies contest EU ruling04 July 2014, Published under Cement NewsCement companies have appealed to the European Court of Justice seven rulings the EU General Court upholding the European Commission's broad requests for information (RFI) in an antitrust investigation. Following the opening of its investigation, the Commission requested detailed and voluminous information from the investigated cement manufacturers. The companies challenged the requests before the General Court, alleging that the Commission failed adequately to explain the presumed infring... |
EU clears Holcim and Cemex deal in Germany06 June 2014, Published under Cement NewsHolcim has received unconditional clearance by the European Commission for its proposed acquistion of Cemex West in Germany. The decision follows a detailed Phase II review by the European Commission. The acquisition in Germany is part of the strategic portfolio optimisation in Europe that includes a series of transactions together with Cemex and that is separate from the intention to merge with Lafarge. In the Czech Republic, the proposed acquisition of Holcim Cesko by Cemex was clear... |
Cemex opens new Spanish distribution centre04 June 2014, Published under Cement NewsCemex opened a new distribution centre on Tuesday in Rubi, a city located 25km from Barcelona. Cemex Spain CEO, Jaime Ruiz de Haro, and Rubi Mayor, Carme Garcia cut the ribbon during the official inauguration of the new facility. The center will distribute cement and other materials, allowing the company to serve new customers and markets. "We are the top producer of white cement in the world and the No 3 producer of grey cement, and centres like this allow us to get closer (to our c... |
Cemex to open export terminal in Italy to boost Spanish operations03 June 2014, Published under Cement NewsCemex intends to give its Spanish operations a boost through the construction of a cement export terminal in Italy. The facility will also serve as an export base from other European plants, particularly to north Africa. Cemex plans to raise its share of exports from Spain from 35 to 60 per cent to counteract the slowdown in the domestic market. The ongoing downturn in the Spanish market, where demand is around 11Mt, has caused a considerable overcapacity as cement producers currently... |
Currency movements depress Cimpor profits22 May 2014, Published under Cement NewsCimpor has reported an adjusted first-quarter turnover 6.8 per cent lower at EUR592.5m and the EBITDA declined by 9.7 per cent to EUR133.1m. Measured in local currency, however, there was a profit growth rate of 15.3 per cent, but the euro strengthened considerably against most other currencies in which Cimpor trades. The trading profit (EBIT) was 8.8 per cent lower at EUR 89.8m. The net financial jumped from EUR28.9m to EUR 92.9m to give a pre-tax loss of EUR3.1m, compared with a profit o... |
Cementos Molins posts 1Q14 net profit of EUR6.5m21 May 2014, Published under Cement NewsSpain-based Cementos Molins released its first-quarter 2014 results, showing a net consolidated profit of EUR6.5m, up 37 per cent when compared to 1Q13. The group’s domestic companies saw a loss of EUR7.4m although they ‘improved’ their YoY results by increasing clinker exports and implementing cost-cutting measures, helping to mitigate the effect of lower sales in Spain. Cementos Molins’ overseas subsidiaries posted a net profit of EUR14m on the back of increased sales by Corporación M... |
Italcementi sets Ciments Francais bid price20 May 2014, Published under Cement NewsItalcementi said on Tuesday it had fixed the price in a takeover bid for the shares in its French unit Ciments Francais that it does not yet own at EUR79.5/share. The takeover, part of the company's restructuring of its European business, will be financed via a rights issue for up to EUR500m. |
Titan recovers in southern Europe and Florida16 May 2014, Published under Cement NewsTitan's first quarter turnover improved seven per cent to EUR251.8m, under the new accounting rules that ignore the turnover of joint ventures, and the EBITDA staged a 30.9 per cent recovery to EUR30.5m. The pre-tax loss was reduced by 58.7 per cent to EUR9.7m while the net attributable loss declined by 59.4 per cent to EUR11m. Net debt at the end of March, however, was down by 9.2 per cent to EUR541m, giving a gearing level of 38.5 per cent, compared with 41.6 per cent a year... |
Spanish consumption decreases 5.6%15 May 2014, Published under Cement NewsSpanish cement association Oficemen has revealed that domestic cement demand fell by 5.6 per cent in April to 858,920t when compared with the same period last year. In the first quarter, consumption reached 3,260,547t, representing a 3.4 per cent YoY decline. |
Vicat improves cement shipments by more than 12%29 April 2014, Published under Cement NewsVicat's first quarter turnover increased by 9.2 per cent to €536m, which represents an underlying improvement of 14 per cent. The cement turnover improved by 6.8 per cent to €325m, as cement shipments rose by 12.2 per cent to 4.60Mt. The turnover in concrete and aggregates was 9.8 per cent higher at €199m as aggregates shipments rose by 9.0 per cent to 5.15Mt and ready-mixed concrete deliveries increased by five per cent to 1.89Mm³. Other products and services generated a 10.1 per cent i... |