Cement News tagged: Corporate
Portugal Cimpor H1 2005 profit seen as lower
Portuguese cement producer Cimpor - Cimentos de Portugal is expected to post a 22.8 per cent year-on-year decline in its first half 2005 net profit to a total Euro 98.6m according to projections from
Saudi Qassim Cement H1 figures
Saudi cement producer Qassim Cement Company (QCC) posted a net profit of 131.4 mln Saudi riyals (US$35m) for the first half of 2005, up 4.4 per cent year-on-year. Gross profit grew 8.5 per cent to 61
Creditors to swap $250m debt for TPIPL stake
Thai Petrochemical Industry Plc (TPI) creditors will acquire 30.8 per cent of TPI Polene Plc in exchange for US$250 million (Bt10.3 billion) in debts, after an auction was cancelled yesterday due to a
HeidelbergCement improves in North America and northern Europe
First half turnover rose by 7.9%, or by 7.0% on a comparative basis, to EUR 3,497.6m while the EBITDA advanced by 10.2% to EUR 534.3m. Cement and clinker shipments, which were down by 2.2% in the firs
Readymix H1 profit slips 23%
Irish cement-maker Readymix PLC said that its underlying profit has slipped 23% in the first half of the year, and warned that its cost reduction program is proceeding slower than it had expected.
No takers for TPI Polene share auction, Thailand
No bids have been placed for 249 million shares in TPI Polene held by Thai Petrochemical Industry (TPI), a report in Krungthep Turakij said.
Dyckerhoff seen German cement demand drop by 6% to 8% this year
Buzzi Unicem’s subsidiary Dyckerhoff has reported a 6.9% increase in turnover to EUR 588m for the first half of 2005, with the EBITDA improving by 17.8% to EUR 119m. Cement shipments in the peri
Saudi Yanbu Cement Co H1 2005 Net Profit At US$57.4m
Saudi cement producer Yanbu Cement Company (YCC) posted a net profit of SAR215.3m (US$57.4m) for the first half of 2005, up from SAR214.3m (US$57.1m) in the same period of 2004.
Ras Al-Khaimah White profit gains
The net profit of UAE Ras al-Khaimah Co for White Cement & Construction Materials rose to 41.59 mln UAE dirhams (US$11.3m) in the first half of 2005 from 12.3 mln dirhams (US$3.3m) in the year-earlier
St Lawrence cement group 2Q sales C$360.4m
St Lawrence Cement Group Inc’s sales rose 10.3% in the second quarter but the company wasn’t profitable due to the recording of a big writedown related to the abandoned Greenport, NY repla
HeidelbergCement Q2 net profit seen rising
HeidelbergCement , subject of a takeover offer, is expected to report strong profit growth in the second quarter, driven partly by higher cement demand and prices in key North American and Indonesian
US Fidelity International cuts stake in Buzzi Unicem, Italy
US private equity and investment management company Fidelity Investments’ subsidiary Fidelity International Ltd, has reduced its stake in Italian cement maker Buzzi Unicem. Its
Florida Rock Industries, Inc elects new board member
Florida Rock Industries, Inc announced that Robert P. Crozer has been elected to its Board of Directors. Mr Crozer has served as Senior Advisor to Greenhill & Co, Inc, an investment banking firm, sinc
Kuwait Cement Co doubles net profit
The net profit of the Kuwait Cement Company doubled to KWD14.21m (US$48.7m) in the first half of 2005 from KWD7.12m (US$24.4m) in the same period of 2004, the Kuwait Stock
Semen Padang sales up 5.92 per cent , Indonesia
State-owned cement producer PT Semen Padang’s sales in this year’s first quarter reached 2.43Mt, or 5.92 per cent higher than the target of 2.3Mt. While the first half production reached 2
Sharjah Cement H105 net profit up 134% YoY, UAE
UAE cement producer Sharjah Cement and Industrial Development Company posted a net profit of AED151.3m (US$41.2m) for the first half of 2005, registering a 134% YoY increase.