Cement News tagged: Corporate
Nuh Cimento Increases 2004 net profits
Turkish cement and clinker producer Nuh Cimento posted a net profit of 34.406 mln new Turkish lira ($25.6m) for 2004, up from 23.522 mln lira ($17.5m) for the previous year,
HeidelbergCement extends deadline
HeidelbergCement AG has extended its deadline for purchasing the remaining shares in cement maker Teutonia Zementwerk AG by two weeks, a company spokesman said. The
India Cements, possible settlement deal
India Cements, which is on a comeback trail by trimming losses and improving price realisation, has finalised a fresh loan at low cost with an all-India institution even as the
Adana Cimento posts higher profit
Cement company Adana Cimento disclosed its 2004 consolidated financials, which show that the company’s net profit climbed to TRY36.4m last year, from TRY 17.5m profit posted
New face at Eagle
Eagle Materials Inc. announced today that D Craig Kesler has been promoted to Vice President - Investor Relations and Corporate Development. Craig joined Eagle Materials in 2004 as the Director of Str
Colombian construction sector reports positive results
In spite of the drop in growth trends, the Colombian construction sector reported positive results last year. Cement manufacturer Cemento Argos increased profits by 20 per cent due
Pioneer holds 2.369 per cent in italcementi
Italian Pioneer Investments Management Sgr, the asset management arm of banking group UniCredito Italiano, now holds a 2.369 per cent stake in Italian cement producer and
Semapa has no plans to sell
Portuguese cement company Semapa has no plans to sell its renewable energy company Enersis in the short-to medium-term, Chairman and Chief Executive Pedro Queiroz Pereira
Dyckerhoff’s 2005 outlook
According to work done by analysts at Exane BNP Paribas, Dyckerhoff?s outlook for 2005 is positive as the Group confirmed its target of EUR1.3bn sales for the year (vs. EUR1.2bn in 2004) and its outlo
Thailand: SCC sees same revenue growth this year
Siam Cement Plc (SCC), Thailand’s largest industrial conglomerate, said it may generate revenue in 2005 that is close to last year?s 75.2 billion baht from its petrochemical business,
SCG to make major change in management team
The Siam Cement Group (SCG) plans to make a major change in its management team, aimed at giving executives an opportunity to steer the group toward the future of stability. Abhiporn Pasawat, Preside
Cimpor Sells 432,960 shares to employees
Portuguese cement company Cimpor - Cimentos de Portugal sold a total 432,960 own shares to company’s employees, it was reported on March 25, 2005. The shares were sold
HeidelbergCement EBITDA improves
In 2004, HeidelbergCement managed to increase the operating profit at the EBITDA level by 19.0% to €1,219.3m on a turnover 8.8% higher at €6,929.4m. Although the net interest charge was 10.1% higher
Buzzi Unicem improves its margins
On an underlying 1.8% increase in cement sales to 31.9Mt, the Buzzi Unicem group has reported a 7.4% increase in the operating profit at the EBITDA level to €710.6m. This compared with a correspondin
HeidelbergCement sees slightly higher sales
HeidelbergCement AG said Wednesday it will lower its dividend payment for 2004 after swinging to a net loss in 2004 as a result of extraordinary charges. The company said it moved ahead with measures
Indocement suffers from Forex loss
Indocement Tunggal Prakarsa suffered foreign exchange losses of IDR498 billion, reducing the net profit of the company to IDR116 billion. The financial report of the cement