Cement News tagged: Corporate
GCC profits fall 17 per cent on domestic construction slowdown - Mexico
Mexican cement maker Grupo Cementos de Chihuahua reported a 124mn-peso (US$11.2mn) net profit in the first quarter of 2005, dropping 17.1 per cent from 1Q04, company CEO Manuel Milán said during a c
Lafarge North America Reports First Quarter Results
Lafarge North America Inc reported a first-quarter net loss of $188.5m. Excluding a previously announced one- time tax charge of $115.7m associated with the company’s decision to repatriate $1.1
Thai industrial conglomerate firm SCC’s Q1 profit seen up 25%
Net profit of Siam Cement Plc (SCC), Thailand’s largest industrial conglomerate, in the first quarter of this year would expand as much as 25 per cent from the same quarter last year on the back
Florida Rock Posts Higher 2Q Profit
Florida Rock Industries Inc., a provider of ready-mixed concrete and construction aggregates, said that second-quarter earnings grew 43 per cent year-over-year due to strong demand in the company&rsqu
Italcementi chairman confirms modest 2005 forecast
Italcementi’s (ITAI.MI) Chairman Giampiero Pesenti on Friday confirmed group targets for 2005 after Italy’s biggest cement maker gave only a modest outlook for the year due to high costs a
Siam Cement forecast remains impressive
Siam Cement prospects remain bright this year, although softer than last year due to (1) expected cement demand in double digits driven by infrastructure projects, (2)
Saudi Yanbu Cement Co Q1
Saudi cement producer Yanbu Cement Company (YCC) posted a net profit of 105.2 mln Saudi riyals ($28.1m) for the first quarter of 2005, slightly up from 104.9 mln riyals ($28m) in the year-ago period.
TPI Polene reports 768 million baht in profits
TPI Polene made 5.6 billion baht from sales in the first three months of this year, up 5.14 per cent from the same period last year. The company’s total income rose 4.22 per cent in the first qu
Cemex 1Q results to get boost from RMC buy
Cemex is expected to report significant sales growth in the first quarter as it consolidates a month of results from its latest acquisition - RMC Group of the U.K.
Mindanao Portland 2004 profit slips
A subsidiary of publicly listed Republic Cement Corp. said earnings declined last year due to a decrease in demand. Mindanao Portland Cement Corp. said its net income for 2004 fell to P163.479m from P
Gresik aims to lift income 10 per cent, Indonesia
Indonesia’s largest cement producer PT Semen Gresik is aiming to increase its net income and profit by 10 per cent this year compared with last year.
Taiwan Cement eyes third spot, China
Taiwan Cement Corp is aiming to become China’s third-largest cement maker by 2008, the Commercial Times reported, citing chairman Leslie Koo
Saudi Southern Province Cement Posts US$40.9m Net Profit Q1 2005
Saudi cement producer Southern Province Cement (SPC) posted a net profit of 153.5m Saudi riyals ($40.9 mln/31.8 mln euro) for the first quarter of 2005, up from 123.8m riyals (US$33 m/25.6m euro) in t
Higher cement prices lift 2004 Holcim net income
Holcim Philippines, Inc. has swung to profits last year with net income after tax of P1.2bn from a net loss of P318.7m in 2003.
Holcim now calls the shots at ACC
Cement major Holcim of Switzerland has announced that it has taken over Associated Cement Companies (ACC) through Ambuja Cement India Ltd (ACIL).
Semen Padang complete 2004 reports, profit increases
Cement producer PT Semen Padang has completed its 2004 audited financial statement, paving the way for its parent company, publicly listed PT Semen Gresik, to issue the latter’s consolidated acc