Cement News tagged under: france
Italcementi reaches threshold for squeeze-out of Ciments Français04 July 2014, Published under Cement NewsItalcementi said on Thursday it had bought more than 95 percent of share capital of Ciments Français, reaching the threshold for the squeeze-out of minorities at its French unit. Italcementi’s buyout bid for Ciments Français, which commenced on 13 June, is worth EUR79.50 (USS108.60) a share, ex dividend. The buy-out of minorities in Ciments Fran ç ais is part of the Italian cement major's plan to streamline its group structure and will lead to the delisting of the French unit from the P... |
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. |
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... |
Holcim to reorganise Obourg, Belgium24 April 2014, Published under Cement NewsHolcim 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 ... |
French cement market advances 6.6% in 1Q1407 April 2014, Published under Cement NewsCement consumption in France increased 6.6 per cent to 4.386Mt in 1Q14 compared to 4.115Mt in the same period of last year, according provisional data released by French cement association SFIC. Domestic producers delivered 4.04Mt with the balance supplied by imports. During the quarter, exports rose by 21.8 per cent YoY to 313,000t comprising 269,000t of cement and 44,000t of clinker – a YoY rise of 24.5 and 7.3 per cent, respectively. Last year, French cement consumption fell by 3.8 per ... |
Guy Sidos appointed chairman of Vicat Group07 March 2014, Published under Cement NewsJacques Merceron-Vicat, chairman of the Vicat Group has appointed current CEO, Guy Sidos, chairman in addition to his position as CEO. The board also appointed Jacques Merceron-Vicat honorary chairman. |
Lafarge's profit drops in Europe and Latin America, but group net profit jumps24 February 2014, Published under Cement NewsLafarge'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... |
Lafarge 3Q net profit steady, announces new cost reduction and innovation targets06 November 2013, Published under Cement NewsLafarge reported a slight increase in the third-quarter profit with on the back of reduction initiatives, despite sales being impacted by negative currency movements. Chairman and Chief Executive Officer Bruno Lafont said: "With improving volume trends and despite the adverse effect of exchange rates, we continued to progress in the third quarter on our strategic action plan. ...We have accelerated and will complete our 2012-2015 cost reduction and innovation plan one year ahead of our in... |
Vicat sees growth in Asia and in the USA06 November 2013, Published under Cement NewsVicat's turnover for the first nine months of the year improved by a modest 0.6 per cent to EUR1740m, which represents an underlying advance of 3.2 per cent. The gearing level increased to 51.3 per cent at the end of September compared with 47.6 per cent a year ago. The expansion in Asia has been the main reason for the increased debt levels in recent years, but it is below the 53.3 per cent seen at the end of June. Turnover in cement was 2.8 per cent ahead at EUR855m, which represented 51... |
Holcim ceases production at Dannes02 October 2013, Published under Cement NewsNine months after stopping the kiln at Dannes, France, Holcim officially ceased production at the plant on 30 September. Staff have been partly transferred to Lumbres, Dunkerque and Rochefort. |