Cement News tagged: Corporate
Mykolaivtsement ends 2003 with Profits
Mykolaivtsement company (Mykolaiv, Lviv region), finished 2003 with net profits of UAH 8.876 million. According to the statement, Mykolaivtsement increased incomes by 24.9% in 2003, or UAH 22.517
Baltsem increases output By 13.3 per cent
The Baltsem company (Balakliia, Kharkiv region), one of the three major cement producers in Ukraine, increased output by 13.3% or UAH 6.29 million compared with April-June 2003, to UAH 53.587 million.
YTL confirms purchase
YTL Cement Bhd is buying a 32.1 per cent stake in Perak-Hanjoong Simen Sdn Bhd (PHS) – the country’s second largest integrated cement producer – from Doosan Heavy Industries & Construction Co Lt
Profit clarification at TPI
TPI Polene Public Company Limited (TPIPL) would like to clarify net profit changes greater than 20% for the unreviewed financial statements of the Company for the second quarter ended June 30, 2004, a
SCC earnings remain strong
SCC is expected to announce impressive 2Q04 earnings results with a normalised profit of Bt6,008mn (EPS Bt5.01) down 16% qoq, but strongly up 71% yoy. These impressive earnings are due to strong petro
Lafarge extends debt
The many bond buy-backs and exchange offers currently being offered were approaching completion yesterday, with Lafarge, the French cement producer, completing its offer to extend its debt maturity.
Saudi Arabian Cement Co H1
Saudi cement producer Arabian Cement Company (ACC) posted a net profit of 192 mln Saudi riyals ($51.2m) for the first half of 2004, up by 69.6 per cent year-on-year. ACC’s sales stood at 283.4
China’s Xinjiang Tunhe Investment
Xinjiang Tunhe Investment Co Ltd, one of the three listed companies under the control of embattled private investment firm Xinjiang Delong Group, and its subsidiary Xinjiang Tianshan Cement Co Ltd, sa
Eastern Cement earns SR157m
Eastern Cement Co. has gained net profit of more than SR 157m, out of which SR 18m are from sale of the company’s investments. The six month profit are 19% more compared to the profits of the co
Jaypee to set up cement plant in HP
Jaypee group is setting up a 2.5Mt cement plant in Himachal Pradesh. The new project, estimated to cost about Rs 600 crore, will be among the largest-capacity cement plants in North. The new plant w
Cementos Molins launches bid
Spanish Catalan cement manufacturer Cementos Molins and subsidiary Cementos Molins Industrial have launched a bid for 43 per cent of shares in the company worth 278.84m euros. The aim of the operatio
TXI reports 4Q results, USA
Texas Industries, Inc reported net income of US$37.6m (US$1.59 per share) for the quarter ended May 31 2004. The same quarter last year showed a loss of US$7.6m (US$.36 per share).
Cement unit expects improvement if court approves debt buyback
Foreign exchange will no longer have a significant impact on the earnings of TPI Polene Plc, as occurred in the second quarter of this year, if the Central Bankruptcy Court approves the company’
ACC Board consider merger with Gujarat Ambuja, India
The board of Associated Cement Companies Ltd will discuss the company’s merger with Gujarat Ambuja Cement, despite having planned a capital expenditure of about Rs5bn (US$109m) in the current fi
Cementos Melón reactivates investments of US$30-40m, Chile
With the new investments the firm expects to increase its production capacity to supply the domestic market in light of increasing demand in the real estate sector.
ING Bank reduces Cimpor stake
Dutch bank ING Bank reduced its stake in Portuguese cement group Cimpor - Cimentos de Portugal to 0.82 per cent of its total share capital, it was reported on July, 2, 2004. ING Bank sold a total of