Cement News tagged: Corporate
CCC puts US$100m expansion on hold
Jamaica’s Caribbean Cement (CCC) has reportedly postponed the US$100m capital investment in its Kingston plant because the government has not yet put into law a 40.8 per cent duty on imported ce
Semen Gresik sees 2004 net profit rising
Indonesia’s Semen Gresik sees 2004 net profit rising to 400 bln rupiah for 2004 against a restated 378bn in 2003, said the company’s Finance Director Cholil Hasan. He also said the company
Exchange rate losses hinder Juan Minetti profits
Argentina’s second largest cement company Juan Minetti, controlled by Holcim, posted a 40.8m peso (US$13.8m) consolidated net profit in the first nine months of the year, down 59.7 per cent from
Lafarge keen on more Indian acquisitions
Lafarge India Ltd is weighing the options of setting up greenfield units or taking over existing units in the country for growth. The Indian subsidiary, which has presence in the eastern part of the
Portland Cement reports a Sh269m loss
East African Portland Cement, Kenya, slid into losses with a Sh269 million posting for the year to June 30, 2004. Audited results released by the cement manufacturer yesterday indicate that the Athi
UAE Sharjah Cement net profits rise
UAE cement producer Sharjah Cement and Industrial Development Company registered a significant increase in net profit to 98.4 mln UAE dirhams ($26.8m) for the first nine months of 2004, up from 36.4 m
UAE Fujairah Cement Industries
UAE cement manufacturer Fujairah Cement Industries Company posted a net profit of 73.64 mln UAE dirhams ($20.1m) for the first nine months of 2004, up from 25.3 mln dirhams ($6.9m) for the same period
Mexico’s Cemex Agrees to sell two cement plants in US
Brazil’s Grupo Votorantim has apparently reached an agreement in principle to buy two cement plants in the US from Mexico’s Cemex, according to local news sources. The move will mark Cemex
Audax buys Ready Mixed
Southern Equipment, the 69-year-old United States Raleigh company in business as Ready Mixed Concrete, has been bought by a Boston investment firm, and a group of the companies’ executives, for
Spain’s Cementos Portland’s profit drops
Spanish cement company Cementos Portland Valderrivas, a subsidiary of local construction and services group Fomento de Construcciones y Contratas (FCC), posted a net attributable profit of Euro 80.6m
UAE Ras Al-Khaimah Co for White Cement
UAE Ras al-Khaimah Co for White Cement & Construction Materials posted a net profit of 10.26 mln UAE dirhams (US$2.8m) for the first nine months of 2004, compared to 4.42 mln dirhams (US$1.2m) in
PTCL rings up gains
The Karachi Stock Market crossed the 5400 points level Wednesday on the back of aggressive buying. The cement sector was again in the limelight, with DG Khan Cement, Maple Leaf, Fauji Cement, Chakwal
JK brings together all cement units
In what is seen as the culmination of a successful attempt to rescue the JK North group (led by Gaur Hari Singhania), its flagship, JK Synthetics, has been demerged. All the cement units have now come
Lafarge appoints Razak Ramli
Former Ministry of International Trade and Industry (MITI) secretary-general, Tan Sri Abdul Razak Ramli has been appointed as an independent non-executive director of Lafarge Malayan Cement Bhd. The
HeidelbergCement Q3 profit jumps on price rises
German building-materials group HeidelbergCement reported a 53 percent rise in third-quarter operating profit on Tuesday, following a pick-up in business in eastern Europe and higher cement prices.
Thai court approves TPI Polene debt revamp plan
A Thai court gave final approval to a revised plan to restructure $600 million debt of TPI Polene PCL (TPIP.BK), allowing the country’s number three cement maker more time. "As nobody opposes