Cement News tagged: Corporate
Opening of Holcim factory in Alesd
Romanian Prime Minister Adrian Nastase told the opening ceremony on Friday of Holcim factory in Alesd, Bihor county, that local cement prices are a concern with Romanian authorities. Nastase pointed o
Semapa head proposed as Portucel chairman
Portuguese cement company Semapa said on Thursday that its chairman has been proposed to take the same post at pulp and paper company Portucel. Semapa last month won a 30 percent stake in Portucel in
OUTLOOK Holcim set for Q1 recovery
Holcim Ltd is to report a sharp increase in first quarter profits next Thursday compared to a very poor year-earlier period, with the cement maker’s business environment pointing upwards, analys
Aggregate Industries expands in Nevada
Having entered the Nevada market last November with the acquisition of Southern Nevada Paving, Aggregate Industries extended its interests in that area of the United States buy the purchase of Frehner
Bargarh Cement India
Bargarh Cement (formerly Idcol Cement), ACC¹s recently acquired subsidiary, has generated Rs 64 crore revenues and a profit of around Rs 2.6 crore after its takeover. ACC had taken over the plant on D
Wienerberger makes a good start to the year
In the first quarter of 2004, turnover at Wienerberger AG rose by some 15% to €312.3m and the EBITDA emerged around 30% higher at €51.9m, in spite of negative exchange rate effects, principally from t
French Vicat
French building materials supplier Vicat SA posted a Euro 125.67m net profit for 2003, a 4.2 per cent year-on-year increase, it was reported on May 6, 2004. Net profit per share reached Euro 8.06m,
CRH makes ’positive’ start
Building materials group CRH told shareholders yesterday that it had enjoyed a positive start to the year, but made it clear that its European markets were still depressed. In a statement to the comp
Cimpor sells debut Euro600m bonds
Portuguese cement company Cimpor - Cimentos de Portugal SGPS SA saw strong demand for a 600 million euro seven-year bond on Wednesday, its debut in the corporate bond market. Issuance in the investme
Lafarge North America Inc
Lafarge North America has recorded a first quarter 2004 net loss of $70.8m, or 96 cents per share diluted. The results compare to a net loss of $87m, or $1.19 per share diluted, in the first quarter o
St. Lawrence Cement posts bigger 1st-quarter loss
St. Lawrence Cement Group Inc posted a bigger first-quarter loss on Tuesday, as lower cement prices and higher operating expenses offset an increase in sales. The Montreal-based company said it lost
Egyptian National Cement approves
The general shareholders’ meeting of Egypt’s National Cement Company (NCC) approved on May 3, 2004 the company’s draft budget for the fiscal 2004/05, ending June 30, 2005, eyeing a n
Ciments Francais back to profit Q1 2004
French building materials producer Ciments Francais, 74.7 per cent owned by Italian cement group Italcementi, swung to a net profit in the first quarter of 2004, due to good weather conditions posting
Indocement net loss
JAKARTA: Cement maker PT Indocement Tunggal Prakarsa said it sustained a net loss of Rp2.99 billion (US$348,800) in the first quarter of this year as against a net profit of Rp231.6 billion in the sam
Holcim Slovakia
The board of directors of the largest cement producer in Slovakia, the joint-stock company Holcim (Slovensko) proposed not to pay dividends from last year’s profit. The board of directors propos
Kuwaiti to sell
Kuwaiti state-run Kuwait Investment Authority (KIA) will sell its stake in the UAE cement maker Gulf Cement Company at a public auction, it was reported on May 3, 2004. The authority, which holds som