Cement News tagged: Corporate
Pakistan’s DGK Cement posts profits
The profit of DG Khan Cement in the first quarter ended September 30, 2004, may range from Rs 235 million (US$3.9 million) to Rs 302 million. DG Khan sold 484,000t cement during 1QFY05, about 37 perce
Saudi Southern Province
Saudi cement producer Southern Province Cement (SPC) posted a net profit of 439 mln Saudi riyals ($117.1m) for the first nine months of 2004, up from 386.5 mln riyals ($103.1m) in the same period of
UltraTech Cement posts net loss
The AV Birla group company - UltraTech Cement Ltd has posted a net loss of Rs 2.3 crore for the quarter ended September 2004. Net sales for the quarter was reported at Rs 587.8 crore. The company has
Maltsovsky Portlandcement
Maltsovsky Portlandcement made over 2.8Mt of cement in 9M 2004, a 1.4 per cent rise against in the same period 2003. Packed cement output was about 268,000t, Eurocement press service reported .
FLS embraces Efficiency of 3D
FL Smidth of Denmark, the world’s leading supplier of cement production technology, has selected SolidWorks(R) software as its 3D mechanical design standard because it will dramatically increase
Italy Antitrust approves Aalborg, Unicon Purchase by Cementir
Italy’s Antitrust authority gave the green light to Italian cement company Cementir to buy cement company Aalborg Portland and ready-mixed concrete company Unicon, it was reported on October 26,
UAE Union Cement Jan-Sept 2004
The net profit of UAE Ras al-Khaimah cement manufacturer Union Cement rose to 80.26 mln UAE dirhams ($21.8m) in the first nine months of 2004 from 22.61 mln dirhams ($6.2m) in the same period of
RMC Group Shareholders to vote
Mexican cement maker Cemex SA (CX) said Monday that RMC Group Ltd’s shareholders will vote on its $5.8 billion cash and debt offer on Nov. 17. Cemex said in a filing with the Mexican Stock Exch
Energy costs too high, says Bamburi CEO
Bamburi Cement managing director, Didier Tresarrieu, said yesterday that for local industries to compete effectively with imports from the Comesa, energy costs need to come down. Mr Tresarrieu said e
Semen Gresik 9-Month figures
PT Semen Gresik, Indonesia, said its cement sales in the first nine months of this year rose 12 per cent on year to 11.64Mt, due to gains in both domestic sales and exports. Indonesia’s largest
Morgan Stanley to invest US$50m in china cement plant
Morgan Stanley, one of the world’s leading investment banks, has reportedly signed an agreement to invest US$50m in a joint venture with local cement producer Jinan Shanshui Group Co Ltd in east
Saudi Tabuk Cement Co
Saudi cement producer Tabuk Cement Company (TCC) posted a net profit of 95.7 mln Saudi riyals ($25.5m) for the first nine months of 2004, up from 55.8 mln riyals ($14.9m) in the corresponding period o
Taiheiyo ups H1 net profit estimate to Y4.5bn, Japan
Taiheiyo Cement Corp, said it now expects to post a first half to September parent net profit of 4. 5bn yen, higher than the 400m yen net profit seen earlier, citing the booking of a special dividend
Boral shares soften as construction activity slows, Australia
Shares in Boral Ltd softened today after it revealed its first quarter revenues hadn’t improved on last year, as the building products company suffers from a dip in Australian construction activ
Lafarge 9-month sales up 5.7 per cent, keeps outlook
Lafarge reported a 5.7 per cent rise in 9-month sales on Thursday, thanks to higher cement prices in the United States and Europe, and reiterated its guidance for the full year. The company said it wa
Italy’s Buzzi launches US bonds worth $172m
Italy’s Buzzi Unicem has issued a total of $172m in senior unsecured notes via private placements in North America to fund a stake purchase in cement maker Dyckerhoff, the company said.