Cement News tagged: Corporate
GCC’s domestic expansion options limited
Mexican Cement maker Grupo Cementos de Chihuahua’s limited expansion opportunities in Mexico and dependence on operations in Chihuahua state hinder its credit rating, Standard & Poor’s ana
Buyers eye Turkish factories
Italcementi SpA unit Ciments Francais has declared its interest in acquiring several factories in Turkey formerly operated by local diversified group Uzan, and which were placed under state control af
RMC: takeover bid from CRH?
Shares in RMC Group PLC gained in early trade as dealers mulled UK news reports that the cement group could soon be on the receiving end of a UK£2.1bn cash bid, worth 800 pence per share. Traders at
Gresik to expand cement capacity
Indonesia’s Semen Gresik to expand cement capacity by 5.3Mt - report news sources in Jakarta. State-owned PT Semen Gresik, the country’s largest cement producer, plans to raise its consoli
Ciment Francais Expects Rise in 2004 Profit
French cement maker Ciments Francais SA expects its 2004 net profit to improve as compared to 2003, in view of its financial results for the first half of 2004, the company said on September 7, 2004.
Buzzi Unicem 2004 EBITDA
Italian cement and concrete company Buzzi Unicem will post 2004 earnings before interest, tax, depreciation and amortisation (EBITDA) in line with the 2003 results, company vice president Franco Buzzi
Union Cement’s new name
Union Cement Corp.’s board has approved a change in the company’s name to Holcim Philippines Inc. after Swiss cement maker Holcim’s affiliate, Cemco Holdings Inc., raised its stake
Birla Corp To Take Up Lodha re-appointment
Birla group company — Birla Corporation Ltd would take up the issue of re-appointing Rajendra Lodha as the director of the company, at its annual general meeting (AGM) on September 15, 2004. The prop
Republic Cement to issue P1.35-B convertible notes
Republic Cement Corp. yesterday said it will issue P1.35 billion in convertible loan notes to Lafarge Cement Philippines, Inc. in exchange for its stake in Continental Operating Corp. In a disclosure
Republic Cement to issue P1.35-B convertible notes
Republic Cement Corp. yesterday said it will issue P1.35 billion in convertible loan notes to Lafarge Cement Philippines, Inc. in exchange for its stake in Continental Operating Corp. In a disclosure
Cementos Alfa Profit up 29.6 pct
Spanish cement maker Cementos Alfa SA posted a net attributable profit of 8.2 mln euro ($10 mln) for the first half of 2004, a 29.6 pct year-on-year increase, the company reported to Spain’s sto
CRH improves first half margins
First half turnover rose by 21.6% to EUR5,670.4m and the operating profit at the EBITDA level advanced by 35.3% to EUR624.4m, with the trading profit jumping by 57.2% to EUR384.6m. Excluding acquisit
RMC 1H net drops 63%
RMC Group Plc said first-half profit fell 63 per cent as a decline in UK road building hurt demand.
Titan completes Pennsuco enlargement early
Titan’s first half turnover increased by 7.9% to EUR5261.7m, which represents a 12.4 per cent advance at constant exchange rates. The operating profit at the EBITDA level rose by 19.5 per cent to EUR
CIDEM Hranice sells three brick plants
Wienerberger is to acquire an additional three brick works in the Czech Republic from CIDEM Hranice on the first of October. The three plants have a combined capacity of 75m standard format hollow br
H+H boosts first half margins
Aerated concrete producer H+H International pushed ahead the operating profit at the EBITDA level by 32.8% to DKr.152.6m (€20.5m) on a turnover 7.2% higher at DKr.684.2m (€92.0m) in the first six mont