Cement News tagged: Corporate
Rinker CEO says on track
Australian heavy building materials company Rinker Group is still expecting 20 per cent profit growth in the current half year, as demand remains buoyant, its CEO David Clarke said on Thursday. Rinke
Cemex prices $291.6 mln note buyback
Mexico’s Cemex, the world’s No. 3 cement maker, fixed on Thursday the prices of previously-announced cash tender offers to buy back a total of $291.6 million in debt due in 2006 and 2009.
NCC sells Danish ready-mixed business
The major Nordic construction group NCC has completed its withdrawal from ready-mixed concrete by selling its Danish subsidiary GH Beton A/S for DKr 110m (€15m) to a consortium of three Danish compani
Morocco’s Lafarge Ciments H1 profit up six per cent
Morocco’s leading cement firm, Lafarge Ciments, reported first-half net profit up 6 percent but said this growth should fall to zero by year-end as sales growth declines and due to a special tax
Siam Cement expects to beat 2004 sales target
Leading Thai industrial conglomerate Siam Cement PCL said on it would beat its target of 10 percent sales growth in 2004 because of soaring prices for its petrochemicals products.
Semapa H1 net 154.6 mln euros with one-time gains
Portuguese cement company Semapa posted six-month profits of EUR154.6m, helped by one-time gains of EUR185.4m, compared with a profit of EUR20.7m euros the year before.
Ten Saurashtra Cement directors resign, India
As many as 10 directors, including chairman M N Mehta, of Saurashtra Cement resigned today. The company informed the stock exchanges about the mass resignations without citing the reason for the m
Cementir H104 net profit at EUR15.1m
The net profit of Italian cement company Cementir, a unit of local construction company Caltagirone, surged 140 pct year-on-year to EUR15.1m ($18.6m) in the first half of 2004, it was reported on Sept
Cement Association president
N. Srinivasan, Managing Director of India Cements, has been elected President of the Cement Manufacturers’ Association for 2004-05. Manoj Gaur, Managing Director of Jaypee Associates, has been
Egyptian Tourah Cement Co H1
The net profit of Egyptian cement company Tourah Cement Co soared 612.5 pct year-on-year to 85.04 mln Egyptian pounds ($13.7m) in the first half of 2004. The growth in earnings followed a 33.5 pct up
Cemex seeks supply savings
Cemex said on Monday it hopes to achieve savings of at least US$70m per year in a supply and inventory improvement program.
Buzzi plans new US bond sale
Italian cement maker Buzzi Unicem is considering the sale of $150 million to $160 million worth of bonds via private placements in the United States, the company’s deputy chairman said on Monday
Anadolu Cimentolari, Marmara Cimento to merge
Turkish cement and clinker producer Anadolu Cimentolari will take over its affiliated company Marmara Cimento, it was reported on September 20, 2004.
HeidelbergCement to buy out Anneliese minority
HeidelbergCement is offering one of its own shares plus a cash payment of €19.00 for every two Anneliese shares, with a cash alternative of €27.50 per Anneliese share for the outstanding minority shar
Kyivtsement appoints Hossenfelder
Shareholders of the Kyivtsement plant (Kyiv), which is a cement producer, relieved Valentyn Shevetovskyi as a member of the supervisory board at a meeting on June 8, and they appointed Heiko Hossenfel
Buzzi Unicem to place $165m bond in US
Italian cement and concrete group Buzzi Unicem is reportedly considering a private placement on US markets of a $165m bond, in three tranches maturing in three, five and seven years. According to sec