ABC Money
Home

Holcim sees substantial organic growth from planned cement capacity expansion


Published : Wed, 28 Feb 2007 11:22
By : Agencies
Print this Story

AddThis Social Bookmark Button

ZURICH (AFX) - Holcim Ltd expects to achive substantial organic growth over the next few years as the cement maker continues to expand its production capacity, chief executive Markus Akermann said.

With an additional cement capacity of 25 mln tonnes, becoming operational between 2007-2010, operational EBITDA will be boosted by around 650 mln sfr annualy by 2012.

However, the expansion, likely to cost about 3.4 bln sfr over the next three years, will not be financed by a capital hike, Akermann noted.

Akermann also said that Holcim plans to acquire all outstanding shares of Ambuja Cement India (ACIL) it does not already own, after hiking its stake by 11 pct to 78 pct yesterday.

afx.zurich@afxnews.com

at/rfw

COPYRIGHT

Copyright AFX News Limited 2007. All rights reserved.

The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.

AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited

Share on


 You Might Like
Holcim to offer 36.50 cad per share for rest of St Lawrence Cement
Holcim buys remaining 33 pct in Indian Gujarat Ambuja Cement's unit - report
+
China's Jidong Cement to invest 1.53 bln yuan in capacity expansion
Holcim denies report it bought remaining 33 pct in Indian Gujarat Ambuja unit

Comment on this Article
Comment:
Title:
Name:
Please Enter
 
Here
  

 Search News

 Look For
Business
Credit cards
Finance
Loans
Money
Mortgages

 
 Stock Quotes *
SYMBOL
LAST
CHANGE
DOW JONES
8769.70
-245.40 ( -2.73 %)
NASDAQ
1599.06
-53.32 ( -3.29 %)
FTSE 100
4507.51
-131.41 ( -2.83 %)

SYMBOL ( 2009-01-07 )
LAST
CHANGE
3I GROUP ( 11:35am )
362.50
+20.25 ( 5.97 %)
NORTHERN ROCK ( 11:35am )
182.00
+19.04 ( 11.20 %)
HAMMERSON ( 11:35am )
613.00
+16.50 ( 2.75 %)
PERSIMMON PLC ( 11:35am )
279.75
+15.50 ( 5.92 %)
GLAXOSMITHKLINE ( 11:35am )
1282.00
+12.00 ( 0.94 %)

SYMBOL ( 2009-01-07 )
LAST
CHANGE
VERIZON COMMUNICATIONS INC ( 4:00pm )
31.90
+0.40 ( 1.26 %)
COCA COLA CO ( 4:00pm )
44.93
+0.22 ( 0.50 %)
GENERAL MOTORS ( 4:00pm )
4.13
+0.19 ( 4.74 %)
ALTRIA GROUP INC ( 4:02pm )
15.09
-0.06 ( -0.40 %)
AMERICAN INTERNATIONAL GROUP INC ( 4:04pm )
1.64
-0.10 ( -5.81 %)

SYMBOL ( 2009-01-07 )
LAST
CHANGE
MITSUI & CO LTD ( 3:59pm )
220.00
+10.00 ( 4.83 %)
COMM BANCORP INC ( 9:30am )
39.48
+4.47 ( 11.32 %)
CRUCELL NV ADS ( 3:47pm )
20.50
+4.43 ( 27.95 %)
ISRAMCO INC ( 1:42pm )
31.25
+4.39 ( 14.49 %)
NETSCOUT SYSTEMS I ( 4:00pm )
13.29
+3.05 ( 24.74 %)

Gainers & Losers
Dow Jones
Euro Stoxx 50
FTSE 100
FTSE 250
FTSE AIM
FTSE ALL
Nasdaq

 Portfolio Manager

You must log in to access this area of the site. If you are not a registered user click here to sign up for instant access!

 Finance Explained

Money making ideas

Save money
Money management
Savings accounts
Investing money
Share dealing
Stock broker
Forex currency trading
Pension plans
Functions of Money

(c) 2007 ABCmoney.co.uk, All Rights Reserved
*ABCMoney.co.uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.