Cement News tagged: Corporate
Holcim italia anti-trust
In April 2003, the Italian antitrust authority began investigations into market sharing agreements in the ready-mix concrete business in Lombardy. Holcim (Italia) SpA
James Hardie posts 13% jump
James Hardie Industries delivered a jump in first quarter profits, but warned its Australian sales could be hurt by negative sentiment from an ongoing inquiry into its asbestos liabilities.
Mikhailovcement increases output
Output of Mikhailovcement exceeded 1Mt tons of cement in Jan-July 2004
Lemminkäinen reports
In a positive construction environment and thanks to a less severe winter, the leading Finnish building materials and contracting group Lemminkäinen saw first half turnover improve by 14.3% to €640.8m
Dyckerhoff’s profits shift east
First half turnover rose by around 4% to EUR550m after adjusting for changes to the corporate structure, without which there was a 12.7% decline.
Heracles Cement H1 profit up
Greek cement producer Heracles, majority owned by France’s Lafarge, said first half group pretax profit grew 37.5 percent to EUR55m (US$67.42m).
Readymix posts 20pc pre-tax fall, Ireland
Irish cement maker Readymix has reported a 20 per cent drop in pre-tax profits to EUR9.5m, in the six months ended June 2004.
Acquisitions push up HeidelbergCement’s volumes
Turnover at HeidelbergCement rose by 7.5% to EUR3,242m in the first half of this year, with the EBITDA climbing by 22.5% to EUR485m. Helped by the inclusion of China Century Cement and Indocement, del
Kuwait Portland Cement H1
The net profit of Kuwaiti cement trader Kuwait Portland Cement fell to 2.77 mln Kuwaiti dinars (US$9.4m) in the first half of 2004 from 6.54 mln dinars ($22.2m) in the same period of 2003. Kuwait Por
Thailand’s SEC charges
The Securities and Exchange Commission has filed a criminal complaint against Prachai Leophairatana, Stern Stewart (Thailand) and TPI Polene Plc for the alleged disclosure of false information regardi
ACC continues to improve
Indian Cement companies have enjoyed a significantly better operating environment in the June quarter, and this is reflected in ACC’s results. The takeaway from ACC’s results is that price
Tasek Corp net profit up 180%
Malaysian Tasek Corporation Bhd’s net profit surged some 180% to RM50.69 million for its financial year ended June 30, 2004 from RM18.1 million a year earlier due to higher demand for cement, pricing
HeidelbergCement Q2 pretax flat at EUR204m
HeidelbergCement AG said its second quarter pretax profit fell to 204 mln eur from 207 mln on foreign exchange losses, while sales rose.
Indian shares lower on soaring oil prices
Shares are expected to fall for a second straight day on Wednesday, with sentiment weighed down by record high oil prices, brokers said.
Cement Contractor Invests $18m
Shareholders of Devcon International Corp, a publicly held $55 million contractor known for its Caribbean construction and concrete businesses, have approved the creation of a security division headed
Vicat sales rise
French building materials supplier Vicat SA reported sales of Euro 792m for the first half of 2004, a 10 per cent rise from the first six months of 2003.