Cement News tagged: Corporate
Lafarge to develop its US positions
Bruno Lafont, managing director of Lafarge, the French building materials group, has said that it is interested in consolidating its position in mature markets such as North America as
Cementos Bio Bio earnings up
Chile’s Cementos Bio Bio posted a 24.4bn-peso (US$41.4m) consolidated net profit in 2004, up 18.7 per cent from the previous year, the cement maker reported to the country’s
Lafarge ups stake in Vietnam concrete business
Lafarge Malayan Cement Bhd subsidiary Supermix Concrete (Malaysia) Sdn Bhd has acquired the remaining 57 per cent stake in Supermix Asia Pte Ltd that it does not already
Omani Raysut Cement profits up
Oman’s cement producer Raysut Cement Co achieved a net profit of 7.017 mln Omani rials ($18.2m) for 2004, compared to 4.921 mln rials ($12.8m) in 2003, it was reported on March
Cementir 2004 net profits up
Italian cement company Cementir SpA, a unit of local construction company Caltagirone, closed 2004 with a net profit of Euro 79.1m, up from Euro60.4m for 2003, the company announced.
Lafarge to strengthen position in Mexico
Lafarge wishes to strengthen its positions in Mexico, bastion of its local rival Cemex and an alluring market, one of the world’s 15 largest, with a strong growth potential, the head of Lafarge
Unye Cimento 2004 output rises
Turkish cement and clinker producer Unye Cimento registered a 11.2 per cent YoY rise in its 2004 cement production to 1.123Mt.
Vicat posts higher profits in 2004
French building materials supplier Vicat SA posted a Euro166m net profit for 2004, a 27 per cent YoY increase, with a Euro 10.14 net profit per share, it was reported on March 11, 2005. The company re
Grasim exits Birla subsidiary
Grasim Industries has parted with its entire 1.42 per cent stake in Basant Kumar Birla’s Mangalam Cement. Grasim, which is controlled by Kumar Mangalam Birla, had 400,000 shares in Mangalam Cement, wh
Cement companies post strong year
An unprecedented level of net profit accrued to Ras Al Khaimah’s cement companies in 2004, company representatives said. The Union Cement Factory reported net profit of
China’s Export Growth Accelerates
China’s export growth gathered pace in the first two months of the year as factories shipped more textiles and electronic goods to the US, Europe and Japan. Overseas sales rose 37
Turkish Konya Cimento to invest
Turkish building materials producer Konya Cimento will spend 12.039 mln new Turkish lira (US$9.0m) on investments in 2005, the company said on March 7, 2005. In 2005, Konya
Mediobanca raises stake in Ciments Francais
The Italian investment bank Mediobanca informed the French stock exchange authority that it had raised its stake in French cement supplier Ciments Francais, a unit of Italian cement
India’s Shree Cement sees 34 per cent jump
India’s Shree Cement Ltd expects to post a 34 per cent jump in operating profit for the year ending March 31, 2005, a senior company official said on Monday. Cement demand in India
Chia Hsin terminates supply contract
Chia Hsin Cement Greater China Holding Corporation, incorporated in the Cayman Islands, announces that in accordance with the provisions on termination in the Supply Agreement, both Jingyang Cement Co
UK’s Aggregate Industries year profits up
UK construction group Aggregate Industries Plc, which has agreed to a GBP1.8bn ($3.4bn) takeover by Swiss company Holcim , reported a five per cent rise in annual profit on Monday.