Cement News tagged: Corporate
Egypt’s Torah Cement near triples 2004 net profit
Egypt’s Torah Portland Cement nearly tripled its 2004 net profit to 152.83 million Egyptian pounds ($26.35m) the stock market said in a statement on Sunday. The cement firm made
Egypt’s Sinai Cement more than doubles 2004 net
Egypt’s Sinai Cement reported a 127 per cent increase in its 2004 net profit to 80.71 million Egyptian pounds ($13.92m), the stock market said in a statement received on Sunday. The
Lafarge to invest in UK plant
Lafarge will invest Euro 45m in the construction of a new plasterboard plant in the Midlands, inner counties of the UK, it was reported on March 4, 2005. The new plant will enable
HeidelbergCement reports strong 2004 growth in Romania
The German building materials and cement maker HeidelbergCement reported for last year Euro 156m in consolidated turnover from its three Romanian units, a rise of more than 30
Indocement shareholders approve refinance plan
The shareholders of the country’s second largest cement maker PT Indocement Tunggal Prakarsa (INTP) approved plan by its management to seek to refinance its debt. The
Cement companies in upbeat mood, Pakistan
The cement companies, listed at the Karachi Stock Exchange (KSE), remained in the upbeat mood during the first half of the fiscal year due to rising construction activity in the country and exports to
Javedan Cement net profit up, India
Javedan Cement has declared a net profit of Rs 103.861m for the period July-December 2004 as against Rs 26.952m in the same period last year, said the company in a press release.
CRH posts another credible advance
CRH, based in Ireland, generated a turnover of €12,820m in 2004, an increase of 15.7 per cent, but at constant currency rates the advance represents some 22 per cent. The EBITDA rose by 15.8% to €1,7
Holcim extends Aggregate Industries bid
Holcim said it is extending its takeover bid for Aggregate Industries PLC to March 21. Holcim said it now owns 78.4 per cent of the UK-based company after receiving acceptances from Aggregate Industr
Spanish Cementos Portland posts lower profits
Cementos Portland Valderribas SA posted an attributable profit of Euro 116.1m for 2004, a 21.8 per cent year-on-year decrease, the company said on February 28, 2005. The decrease resulted partially f
Government & Cemex to continue out of court negotiations
Indonesian government and Mexico based company Cemex Asia continued their out of court negotiation on Semen Gresik even though until yesterday there had not been any conclusion on that. The Senior Ec
Demands not met, but no worries
The Indian cement industry expected a lot from this budget. But it has to be content with the fact that the continued focus on infrastructure development in the budget, if translated into action, shou
CeMAP appoints new chairman
Renato c. Sunico has been voted as chair of the Cement Manufacturers Association of the Philippines (CeMAP) during the association’s last board meeting in December 2004. Mr. Sunico graduated wit
Cementos Lima posts US$29.6m profits
Cementos Lima, Peru’s largest cement producer, posted a 96.5m-sol (US$29.6m) net profit in 2004, up 0.75 per cent from the previous year, Cementos reported to the country’s securities regu
UAE Fujairah Cement profit soars
UAE cement manufacturer Fujairah Cement Industries Company reported a surge in net profit to US$24.6m for 2004, up from US$9.7m in 2003.
Cemco tender offer
The Philippine Securities and Exchange Commission will stand by its decision ordering Cemco Holdings Inc. to conduct a tender offer for minority shareholders of Holcim