Cement News tagged: Corporate
Cemex aims for 4Q04 Ebitda of US$560m
Cemex plans to report more than US$560m in Ebitda fourth quarter this year, which would represent a 10% jump over the same quarter last year, Cemex said in a statement.
Shree Cement expects good run in North India
Cement prices are expected to firm up in the coming months, on the back of nearly 8%-9% growth in demand. Rajasthan-based Shree Cement is confident of achieving a good growth in both its top and botto
Cemex: Latin Equity Preview
Cemex SA the world’s third-largest cement maker is scheduled to release its fourth-quarter earnings forecast before the market opens today. Cemex’s fourth-quarter earnings before interest,
Helwan Cement Announces 9M FY04 Results
Helwan Cement announced 9M FY04 results ending September, wherein the company posted a LE1.8 million net profit balance compared to a LE44.8 million net loss incurred in 9M FY03. Sales revenues advanc
Somani to set up cement plant in Bhavnagar
Somani Cement Company Ltd of Vadodara is setting up a 1000tpd cement plant at Bhavnagar with an investment of Rs150 crore. Financial institutions, foreign institutional investors and insurance compani
Italcementi’s Ciments Francais sees post-bid investments in Egypt
Italcementi SpA’s quoted unit Ciments Francais SA plans to invest to improve efficiency and logistics at its Egyptian affiliate Suez Cement after the planned takeover, according to Ciments Franc
Wolseley downgrade say analysts
Deutsche Bank has transferred coverage of Wolseley and undertaken a major review of the company. In its view most of the group’s key markets have peaked and are likely to decline in 2005. “As a
UltraTech Cement revenue to touch Rs.27bn
UltraTech Cement, a unit of the Aditya Birla Group, is set to register a 12 percent rise in revenue to touch Rs.27bn ($614m) this fiscal. OP Puranmalka, the chief marketing officer of UltraTech Cement
Dollar weakness to drive up sales for Cemex
A wobbling dollar means more solid sales for Mexico’s Cemex as currency appreciations in its operations from Barcelona to Bogota are seen translating into higher greenback revenues.
HeidelbergCement seals EUR 1bn refinancing loan, Germany
HeidelbergCement has signed a EUR 1bn (US$1.3bn) loan to refinance its outstanding debt facility
Shiva board approves fresh issue of equity shares, India
Shiva Cement Ltd., has informed BSE that the Board of Directors of the Company at the meeting held on December 06, 2004 have approved the following:
Government may allow Cemex to increase stake in Gresik, Indonesia
The Indonesian government is considering an option to allow Cemex to increase its stake in the country’s largest cement maker PT Semen Gresik to 49 or 51 per cent, according to local news report
Efforts to reopen CCI unit
Representatives of the Cement Corporation of India Employees Union (CCIEU) and Staff and Workers’ Union (SWU), Adilabad, will meet the Chief Minister, Y. S. Rajashekhara Reddy, on December 7 to
Austrian Lasselsberger wins permit for Czech plant
Austrian ceramics and building materials group Lasselsberger GmbH will build a 2.5 billion crown (US$108m) cement factory in the Czech Republic, the company’s Czech unit said on Friday. The f
Cimpor buys Spain’s Branas de Brins
Portuguese cement company Cimpor has bought Spanish company Branas de Brins for Euro 7.51m. Cimpor said late on Thursday its Spanish subsidiary Noroeste Corp., signed the contract to buy Branas de
Raysut Cement proposes RO15m rights
Raysut Cement, Oman has proposed to come out with a rights issue of five million shares at a price of RO3.000 per share aggregating to RO15 million. The rights offer is to part-finance the company’s