Cement News tagged: Corporate
ASEC Cement posts small profits
Egypt’s ASEC Cement Co, posted a net profit of E£3.55m (US$574,000) for the first quarter of 2004. The company’s operating revenue stood at E£160.51m, while the cost of goods sold reached
Siam City reduces sales target
Increased oil prices have brought SCCC’s expenses up about ten per cent, but SCCC has determined to keep its ready-mix price at Baht1700 baht a tonne for the rest of this year. In the pre-mixed
Pioneer Cement back into black
Pioneer Cement Limited, a unit of Noon Group of Companies, has recorded RS98.76 million gross profits during the quarter ended March31, 2004which is over30 percent of net sales revenue. However cumula
PPC gives good returns
South Africa: PPC has delivered a 140 per cent total return to shareholders over four years. The share price has rocketed from a low of R30,50 in 1998 to a record high of R155 this month. On top of n
HeidelbergCement on target
German cement and building materials supplier HeidelbergCement AG will return to a net profit in the first half of this year, Chief Executive Hans Bauer told Dow Jones Newswires in an interview Friday
Argos makes US$38m share issue
Colombia’s largest cement producer, Cemento Argos, raised 103bn pesos (US$38m) Thursday (July 1) with the issue of more than 6.8m shares giving the country’s stock market its biggest ever-
Cemex sees 2004 EBITDA up 11%
Cemex expects an 11% surge in its earnings before interest, taxes, depreciation and amortization this year as the global economic growth picks up and cost-cutting initiatives sent profit margins highe
Hanson foresees lower first half profits
While the North American aggregates division has been trading in good markets overall, helped by better weather conditions in the east and higher cement deliveries in California, trading in the Americ
RMC is closing Westphalian kiln
The RMC Group is splitting out its cement operations from its geographical management structure to be run as a separate business to include all of the group¹s cement manufacturing and trading operatio
Grasim joins the top 10
KumarMangalam Birla, the chairman of the Aditya Birla Group, could not have hoped for a better birthday gift. Shortly after his 47th birthday in mid-June, the stage has been set for the entry of Gras
Buzzi Unicem plans further share purchase
Buzzi Unicem, the Italian cement and concrete group, is reported to be planning to increase its stake in Dyckerhoff, the German building materials group. It will finance the purchase with part of the
Cementos Portland Valderrivas posts profit increase
Cementos Portland Valderrivas, part of Cementos Portland Valderrivas SA, generated net profits of just under Euro148.5m in 2003, a 30.5 per cent increase on the 2002 figure. Cementos Portland Valderr
Goltas Cimento buys RMC plant
Turkish cement producer Goltas Cimento has bought a ready-mixed concrete plant from Turkish cement manufacturer and retailer Adana Cimento and ready-mixed concrete company Oyak Beton for a total 1.05
Loan to ACC, Algeria
The European Investment Bank (EIB) has awarded a new loan, for US$12m, to ACC (Algerian Cement Company), to fund the extension of a cement works near M’Sila, 240 km south-west of the capital. Th
Record year for Trinidad Cement
2003 was a record year for Trinidad Cement Limited, (TCL), setting a new sales record for cement in all three territories in which it operates. The group sold some 1.697Mt of cement, an increase of 3
Semen Gresik’s predicament
The predicament of publicly-listed PT Semen Gresik, which is now in an arbitration process at the International Center for Settlement of Investment Disputes in Washington, took a sharp turn for the wo