Cement News tagged: Corporate
Holcim Romania to spend on training
Holcim Romania, will spend Euro 500,000 in 2005 in training programmes aimed at improving the skills of its employees, company general director Markus Wirth said on August 1, 2005. The training will
Chile Cementos bond placement
Chilean cement maker Cementos Bio-Bio SA expects to place some $125m in inflation-indexed, local-currency bonds in the second half of October, Chief Financial Officer Carlos Longeri said Monday. "The
Taiwan’s construction materials firms improve
The growth in investments in fixed assets in China proved to be a boon to Taiwan companies in relevant sectors like glass and cement during 2004. The government of Taiwan requires all companies listed
Holcim may keep Ambuja name
Holcim is set to sign a licensing agreement with Gujarat Ambuja Cements (GACL), its Indian partner, to retain the corporate name of its majority-owned special purpose vehicle (SPV), Ambuja Cement Indi
Fujairah Cement reports Dh67.3m net profit
Fujairah Cement Industries Company has reported a substantial surge in net profit to Dh67.335 million during the first six months of the year, against Dh42.526 million of previous comparable period –
Gujarat Ambuja cements announces 4Q results
Gujarat Ambuja Cements Ltd., has announced the following results for the quarter and year ended June 30, 2005: The unaudited results for the quarter ended June 30, 2005 are as follows: The company h
Cemex Germany says it intends to fight damages claim
A spokesman for Cemex Germany, said the company intends to defend itself against a EUR140 million damages claim being brought against it, and two other German-based cement producers, by 28 corporate c
Jordan Cement raises profits
Jordan Cement Factories Company (JCFC) increased its profit during the first half of this year by 16 per cent to JD30.76 million. Sales to the local market increased by 16 per cent, reaching 1.86 mill
Lafarge’s first half cement volumes slightly ahead
Lafarge Group turnover rose by 6.3 per cent to €7,220m in the first half of the year, of which cement contributed €3,797m, an increase of 6.9 per cent. Cement deliveries were 0.9 per cent higher, or
Siam Cement Reports significant rise in net profit
Siam Cement PCL, Thailand’s dominant industrial conglomerate, said its second-quarter net profit jumped 13 per cent from a year earlier on higher petrochemical and cement prices. But net profit
Colombia’s Argos H1 net nearly doubles on sales
Colombia’s biggest cement-manufacturing group, Cemento Argos , almost doubled net profits in the first half of the year compared to the same period of 2004 due to higher income from affiliates&r
Cementos Pacasmayo reports H1 profits dip
Peruvian cement company Cementos Pacasmayo posted a 30.1m-sol (US$9.24m) net profit for the first half of 2005, down slightly on the 31.1mn-sol figure from the same period last year, according to info
Manuel Fino buys 3.3 per cent of Cimpor
Portuguese entrepreneur Manuel Fino has boosted his stake in the share capital of local cement producer Cimpor-Cimentos de Portugal SGPS by 3.3 per cent, it was reported on
Oman’s Raysut Cement H1 profit rise
Oman’s Raysut Cement reported a 49 per cent increase in first-half net profit to 5.02 million rials (US$12.9m), as it cranked up output to feed a construction boom in the region. The company sa
India Cements to issue GDRs
India Cements Ltd has decided to issue global depository receipts or other securities to raise up to US$115m. The proceeds of the global issue of equity are likely to be used to swap high cost debt. T
Ciments du Maroc to buy Suez Cement stake
The board of directors of Moroccan cement company Ciments du Maroc (majority owned by Italcementi) decided on July 22, 2005 to buy a 13.4 per cent stake worth 1.2 bln Moroccan dirhams (Euro 109m) in t