Cement News tagged: Corporate
Cement Akmenes August sales
Akmenes Cementas, Lithuania’s only producer of cement, reported that its sales in the first eight months of this year grew 24.3 percent year-on-year to 70 million litas (20.3 million euros). In
DG Khan Cement net up
D G Khan Cement on Friday posted a 71.6 percent growth in its full-year net profit to Rs 829.8 million compared to Rs 483.5 million last year. In a statement to the Karachi Stock Exchange (KSE), the
Tax office investigating Cemento Nacional
Ecuador’s tax office SRI is investigating tax declarations of the country’s leading cement producer Cemento Nacional, local paper El Comercio reported. In 2003, Cementos’ 22 compani
Australia’s Boral says date
Australia’s biggest building products company, Boral said on Thursday that court action to block its A$867 million ($606 million) takeover bid for Adelaide Brighton Ltd (ABC.AX) would begin on N
French Vicat Registers 76.5 Mln Euro Net Profit H1 2004
French building materials supplier Vicat SA reported a net profit of 76.5 mln euro ($93.7 mln) for the first half of 2004, up 15.3 pct year-on-year. The company’s earnings before interest, tax,
Cimpor first half profits fall in the regions
Cimpor’s turnover for the first six months of the year moved ahead by 3.7% to €678.4m while the operating profit at the EBITDA level fell by 7.5% to €228.8m. The decline in the trading profit was mor
Dyckerhoff’s Roentgen to quit
German cement maker Dyckerhoff AG said Monday its management board member Alexander Roentgen will leave the company at the end of the year to become Executive Director of RMC Group, the parent company
Cimpor 1H down
Cimpor-Cimentos de Portugal SGPS said Monday that increased export activity and lower prices for its products in Brazil helped trim consolidated net profit 3.8% in the first half to EUR86.8 mllion fro
CEMEX sees Q3 EBITDA higher
Cemex sees Q3 EBITDA at US$645m, up 13 per cent from the year earlier period, while operating income is expected to be about US$485m, up 20 per cent. Third quarter revenues are expected at more than U
Lafarge allowed to raise capital
The Philippines Securities and Exchange Commission (SEC) has allowed the local units of French conglomerate Lafarge group to increase their capital stock as payment for liabilities against their paren
Buzzi Unicem’s first half cement volumes exceed 15Mt
The enlarged Buzzi Unicem increased cement sales by 2.3% in the first six month of the year to just over 15Mt while ready-mixed concrete deliveries were 2.8% higher at 7.3Mm3. The underlying turnover
Strong cement sales; weaker prices
A Buy recommendation on Siam City Cement is reiterated with a share price objective of Bt265. The price objective is based on discounted cash flow with a sustainable growth rate of 5% and a discount r
Cemento Nacional sells non-core assets
Ecuadorian cement producer Cemento Nacional (CN) has sold non-core assets to maintain a focus on cement, concrete and aggregate production, daily newspaper Hoy reported. Five factories that produce b
Lafarge widens first half margins
On the back of a 7.0% increase in turnover to €6,794m, Lafarge increased the operating profit at the EBITDA level by 18.2% to €1,317m and the trading profit by 30.7% to €876m. Helped by a 28.5% reduct
Boral eyes Florida tile market
The Australian-based building materials group Boral is investing US$12m in a clay tile plant joint venture on Trinidad to supply the Florida market. Boral’s joint venture partner, ANSA McAL Group, ow
Lafarge lifts guidance after forecast-beating H1.
Lafarge’s first-half net profit more than doubled on higher demand for building materials amid better weather in Europe and North America, prompting the world’s biggest cement maker to imp