Cement News tagged under: france
Vicat improves turnover, but profits decline13 March 2012, Published under Cement NewsTurnover improved by 25.5% in 2011 to €2265.5m, but the profitability declined, mainly because of Egypt and to a lesser extent the United States, and the EBITDA came off by 2.6% to €490.9m, while the trading profit declined by 8.1% to €309.5m. Primarily as a result of the expansion in Asia, the a net interest charge jumped by 60.5% to €43.9m and with a lower contribution from associates, the pre-tax profit came down by 16.0% to €259.5m and the net attributable fell by 19.3% to €163.6m. ... |
High court halts Lafarge plans to close Frangey site, France13 March 2012, Published under Cement NewsThe French High Court has blocked Lafarge’s plan to close its plant in Frangey, northern France until 25 November 2012. SeeNews France reports that the court has also annulled the group’s restructuring plan, but said the economic reasons for halting activity at the site were valid. Lafarge management will propose to staff representatives to resume negotiations for a new restructuring plan starting from November 2012. The Frangey facility employs 74. The Lafarge group had said its decisio... |
Vicat sees generally favourable environments06 February 2012, Published under Cement NewsVicat’s turnover increased by 12.5% last year to €2265.5m, which represents an underlying improvement of 9.6%. The turnover in cement improved by 10.1% to €1137.6m and aggregates and concrete sales rose by 14.2% to €818.0m. Other activities increased turnover by 17.4% to €309.9m. Cement accounted for 52.1% of turnover, slightly lower than the 53.0% seen in 2010, but exactly the same as in 2009. Group cement deliveries advanced by 11.5% to 18.04Mt, helped by a full year’s consolidation of Bh... |