Displaying items by tag: Switzerland

Switzerland: LafargeHolcim has recorded a fall in third-quarter net sales of 3.0% year-on-year to Euro6.46bn from Euro6.68bn in 2018 and a fall of 2.1% year-on-year in 2019 to Euro18.3bn in nine-month net sales to 30 September 2019 from Euro18.7bn in the corresponding period of a 2018. Earnings before interest, taxes, depreciation and amortisation (EBITDA) grew by 0.8% year-on-year to Euro1.71bn in the third quarter of 2019 from Euro1.69bn. EBITDA in the nine months to 30 September 2019 grew by 4.4% to Euro4.12bn from Euro3.95bn. The company said that it improved its margin in the Europe, North America and Asia Pacific regions, with localised profit growth in the Middle East Africa region in South Africa, Jordan and Iraq. Profitability in Latin America stabilised, with price management partially mitigating the challenges of several markets and a good performance in Colombia.

Based on the results, LafarageHolcim has reaffirmed its commitment to increase net sales by 3-5% year-on-year to between Euro25.6bn and Euro26.2bn in 2019 from Euro24.9bn in 2018, and to reduce the ratio of its net debt to recurring EBITDA to ‘well below’ two to one.

Russia: Swiss-based LafargeHolcim has signed a cooperation agreement with the Russian Direct Investment Fund (RDIF) for the purposes of supporting market growth and attaining to international quality, sustainability and energy efficiency standards. Contify Investment News has reported that LafargeHolcim, whose total integrated capacity of 9.4Mt in Russia is spread across four plants, will receive equity co-investments for projects from the Russian sovereign wealth fund. Maxim Goncharov, CEO of LafargeHolcim Russia, said that the partnership facitates the company’s global expertise "in solving target issues related to the industry’s and society’s development,” such as the co-processing of waste as a substitute fuel.

Brazil: RHI Magnesita is planning a Euro57.1m upgrade to its Contagem complex in Minas Gerais, to include a new plant and 15,000m² of office space. Francisco Carrara, president of RHI Magnesita South America, emphasised the importance of the Brazilian cement sector to the company, with operations in the country “representing 75% of Magnesita’s activities on the continent.”

Switzerland: Holcim Switzerland has ratified a new collective labour agreement (CCL) with two unions. Finanznachrichten has reported that under the new arrangement the company’s 570 employees will be able to receive two weeks’ paid paternity leave. Lena Frank, head of personnel negotiations, stated that “the compatibility between work and family is central to equality. The new regulation is therefore an important step forward.”

Germany/Switzerland: LafargeHolcim has dropped a bid for BASF Construction Chemicals due to pricing issues, according to sources quoted by Bloomberg. The heavy building materials producer was also concerned about the length of the sale process and issues concerning integrating it into the group.

Romania/Switzerland: Romania’s anti-trust authority has completed its review of LafargeHolcim’s takeover of the precast concrete manufacturer Someco for an undisclosed sum. SeeNews has reported that the body found that “no significant obstacles to effective competition” were raised by the deal.

Somaco’s five precast concrete and one aerated concrete block production plants, which employ 750 people, made sales of Euro56m in 2018.

Switzerland: Extraordinary Community Meetings have been scheduled in the municipalities of Veltheim and Auenstein for 22 and 23 January 2020 for further consultations with groups representing opposition to Jura Cement’s Jakobsberg-Egg quarry development plans in both districts. The company is planning a total 10.5ha expansion across both municipalities and an operational change to material processing, beginning in 2022.

Switzerland: LafargeHolcim’s executive committee has taken on Magali Anderson in the newly-created role of Chief Sustainability Officer. Anderson is a mechanical engineer with extensive managerial and functional experience who joined LafargeHolcim in 2016 as its Head of Health and Safety. LafargeHolcim CEO Jan Jensich has stated that the appointment “will accelerate LafargeHolcim’s vision of running its operations with zero harm to people and the environment.”

Switzerland: Minerals process control innovator ABB has unveiled new visual control graphics for its Ability System 800xA, which is installed at 450 cement and mining sites worldwide. The platform, called 800xA 6.1, is compatible with other existing ABB and external vendor subsystems.

“As the main interface between humans and the production site, visualisation is critical,” said Michael Marending, lead engineer at ABB. The upgrade allows for extensive customisation for tailored presentation including navigation shortcuts, and features a specially designed alarm system.

France: Vicat’s sales rose by 4.6% year-on-year to Euro1.34bn in the first half of 2019 from Euro1.28bn in the same period in 2018. This was mainly due to its acquisition of Brazil’s Ciplan in late 2018. At constant scope and exchange rates its sales fell by 0.6% due to poor markets in Turkey, Switzerland, Indian and West Africa. Its earnings before interest and tax fell by 9.4% to Euro97m from Euro107m. Cement sales volumes dropped by 4.9% to 10.8Mt from 11.4Mt and concrete volumes decreased by 6.7% to 4.3Mm³ from 4.57Mm³.

“In the first half of 2019, solid performances in France, Asia and the US drove an increase in our sales and earnings before interest, taxation, deprecation and amortisation (EBITDA). These results reflect a marked improvement in the operational profitability given the on-going increase in consumed energy costs, the deteriorating macroeconomic situation in Turkey and the exceptional rainfalls in California that we experienced in the first half,” said Guy Sidos, the group’s chief executive officer (CEO).

By region, the group’s sales and earnings rose in France but fell in the rest of Europe. Sales grew in the Americas region, even without the Ciplan acquisition, but earnings fell due to a Euro10.6mn settlement payment booked in the US in the first half of 2018. The group’s sales fell in India but earnings rose due to price increases. Poor markets in Turkey and Egypt hit sales and caused a loss.