Cement News tagged under: europe
French cement consumption rises 5% in October19 December 2012, Published under Cement NewsFrench cement demand increased by five per cent YoY to 1.904Mt in October, data from association Syndicat Français de l'Industrie Cimentière (SFIC) shows. Domestic producers advanced sales by 4.5 per cent to 1.762Mt when compared with October 2011 while importers increased their deliveries by nearly 11 per cent from 0.128Mt to 0.142Mt. In terms of exports, the French industry made modest gains of 3.7 per cent from 0.108Mt to 0.112Mt, mostly in the form of cement (0.099Mt) although some ... |
Holcim Belgique to close Haccourt facility19 December 2012, Published under Cement NewsHolcim Belgique announced it will close its Haccourt cement grinding plant, near Liège, Belgium. The unit currently employs 43 people. This project is part of a reorganisation of Holcim’s European industrial base announced earlier this week. The group said in a statement that the shutdown was due to a “deterioration of market conditions and grinding overcapacity at Holcim Belgique.” "Holcim Belgique, whose clientele goes beyond the borders of Belgium, is facing increased competition in... |
Sociedad de Cementos y Materiales looks to cut 35 jobs19 December 2012, Published under Cement NewsSpanish cement and building materials producer Sociedad de Cementos y Materiales de Construccion de Andalucia, is reportedly planning to lay-off 35 members of staff. The company, which is controlled by Portuguese cement major Cimpor, is currently negotiating with its employees and trade unions, according to reports by Expansión. The downsizing measure will affect 25 employees at its Cordoba works and 10 employees at the factory in Niebla. The firm currently employees a total 142 people.... |
Holcim to restructure operations in Europe17 December 2012, Published under Cement NewsHolcim has said it will introduce a leaner management structure in Europe to reflect the lower level of construction activity, and expects to save at least CHF120m (EUR97mm) a year. The additional cash costs for restructuring in the fourth quarter of 2012 will amount to approximately CHF100m (EUR80.8m) including site restoration costs. Write-offs of property, plant and equipment will reach CHF410m (EUR331.5m) to be charged in the fourth quarter of 2012. The restructuring accelerates ... |
Euroconstruct downgrades European construction forecasts16 December 2012, Published under Cement NewsEuroconstruct has reduced its forecasts for European construction output for both for this year and next, with a slow recovery expected for 2014. The forecasts released at its twice-yearly conference for the 19 countries under its coverage contain significantly reduced estimates compared to those published in June 2012. The research group now expects the volume of European construction output to decline by 4.7 per cent this year, 2.6 percentage points (pp) lower than it predicted six mont... |
Euroconstruct reduces European output forecasts13 December 2012, Published under Cement NewsEuroconstruct has reduced its forecasts for European construction output for both 2012 and 2013 with a slow recovery expected for 2014. It its latest forecasts published yesterday, the research group expects European output to decline by 4.7 per cent this year, 2.6 percentage points lower than it predicted in June 2012. A future decline of 1.6 is envisaged in 2013 (from a previous forecast of +0.4 per cent) and in 2014 it sees growth of one per cent (previously +1.7 per cent). Its initial ... |
Fitch Ratings: mixed picture for EMEA companies27 November 2012, Published under Cement NewsFitch Ratings says 3Q12 results reported by Fitch-rated Europe Middle East and Africa (EMEA) cement companies, Holcim Ltd ('BBB'/Stable), HeidelbergCement AG ('BB+'/Stable) and Lafarge SA ('BB+'/Stable) showed a number of positives, but confirmed that general market conditions are still challenging and the outlook remains uncertain. Europe disappoints The European markets represented a negative surprise, mainly due to a weakening in volume sales. This not only reflects some peripheral ... |
Italcementi: October ‘1209 November 2012, Published under Cement NewsItalcementi is investing €150m to restructure its Rezzato works. Work is to begin this November and should be completed by the end of 2014. This investment should enable production costs to be reduced by approximately 23% and the consumption of raw materials to be lowered by 8%. |
Cemex: October ‘1209 November 2012, Published under Cement NewsDuring the first nine months of the year, Cemex' turnover came off by 2.1% to US$11,273.8m, but the EBITDA did improve by 9.0% to US$2,003.2m. The trading profit rose by 37.8% to US$1,921.8m and the net interest charge increased by 3.7% to US$1,044.8m. After taking losses on financial instruments and other non-trading items into account, the pre-tax loss, which had jumped by 113.2% a year earlier, fell by 74.7% to US$174.3m. The net attributable loss dropped by 64.8% to US$419.7m. The net d... |
Dyckerhoff reports stable nine month volumes06 November 2012, Published under Cement NewsDyckerhoff reported stable volumes for the first nine months of 2012 as the recovery in Russia and USA almost counterbalanced declines in the other regions. Sales increases in the Eastern Europe and USA divisions also offset decrease in the Germany/Western Europe division. Germany and Western Europe fell seven per cent to EUR588m from EUR633m. Sales in Eastern Europe rose by seven per cent to EUR487m from EUR456m. Sales in the US were up 24 per cent to EUR160m from EUR129m. Group EBITDA ... |