Cement News tagged: Corporate
Maltsovsky Portland
In Jan-July 2004, Maltsovsky Portland Cement, Russia largest cement maker, produced 2Mt of cement. In June 2004 the company hit a record high output of 406,000t of cement. Maltsovsky Portland Cement p
Siam Cement to hold line on prices
The Siam Cement Group, the country’s largest industrial conglomerate, may cap the prices of its products for 12 months despite rising operating costs due to higher fuel prices, according to grou
Turkish H1 2004 financials
Turkish cement producer Akcansa Cimento posted a net profit of 34.3 trln Turkish lira ($23.25m/18.9 mln euro) for the first half of 2004, compared to 4.75 trln lira ($3.22m/2.62 mln euro) for the same
Subterfuge at Semen Gresik
According to the Jakarta Post, There is only a very slim chance that Indonesia might win its dispute with Mexican cement company Cemex SA over the foreign firm’s investment in state-controlled P
Wienerberger improves first half margins
First half turnover at Wienerberger rose by 15.1% to €837.6m and the EBITDA improved by 22.6% to €185.8m, while, after adjusting for changes to accounting policy, the trading profit emerged 35.1% high
Holcim to report
Holcim is due to report its H1 results at 6am London time on Friday 27 August. Analysts at JP Morgan expects it to report around a 7% increase in sales, 17% growth in operating profit and 29% higher e
Chia Hsin Cement 1H Net +81% on strong prices
Hong Kong-listed Chia Hsin Cement Greater China Holdings Corp, one of the largest Taiwanese-owned cement makers operating in China, said its first-half net profit rose 81% from a year earlier, boosted
Chia Hsin thrives on price rise
Cement maker Chia Hsin Cement Greater China Holding Corp saw net profit jump 80.73 per cent to US$12.29m in the first six months of this year, its first interim results since going public last year.
Investors dwell on Boral’s uncertainties
Analysts were divided yesterday over Boral’s outlook, but the market seems to be voting with its feet. The company posted a bumper 2004, and gave an outlook that exceeded a number of analysts&r
Alexandria Cement
Alexandria Cement posted 1H FY04 results ending June, wherein the company incurred a LE17.6 million net loss down from a net loss LE23.1 million recorded in the comparable period last year. Meanwhile
Chilean mining and chemicals company SQM is to sell its
Chilean SQM sells share in Cemento Melón 14.05% share in cement company Melón. The announcement was made by the Santiago Commerce Exchange on August 18. 653,748.837 shares of the cement company are go
Markets await Ultra Tech’s listing
Indian stock markets are anxiously waiting for the listing of AV Birla group’s Ultra Tech Cemco, the new cement company carved out of Larsen & Toubro. It is yet to be listed on the stock exchanges, th
Gresik climbs higher
Indonesian shares are higher Wednesday led by buying in cement maker Semen Gresik on news that the government will buy back Mexican company Cemexa’s 25.53% stake in Gresik, dealers said. Overall
Sinai Cement posts higher profits
Egyptian cement producer Sinai Cement posted a net profit of 35.24 mln Egyptian pounds (US$5.7m) for the first half of 2004, up from 23.86 mln pounds (US$3.8m) in the same period of 2003. The comp
AXA buys into HeidelbergCement
French insurer AXA has acquired a 9.28 per cent stake in cement maker HeidelbergCement, the German company said in a statement on Tuesday.
Siam City 2Q04 earnings slow
Siam City Cement (SCCC) reported a slow down in 2Q04 earnings with a net profit of Bt950mn down 21 per cent q-o-q but stable y-o-y. The quarterly slow down was the result of a downturn in sales and g