Cement News tagged: Corporate
Thai TPI Polene to erase retained losses
Thailand’s number three cement maker TPI Polene PCL said on Tuesday it plans to wipe out 19 billion baht (US$482m) retained losses by the end of the current quarter ending June 30, enabling it
Chia Hsin Cement profit growth
Chia Hsin Cement Greater China Holding Corp reported a near-doubling in net profit last year. The cement maker reported net profit of US$19.0m in the 12 months ended Dec. 31, 2003, up from US$10.3m a
Holcim completes Apasco deal
Under the public tender offer made to minority shareholders of Mexican Group company Holcim Apasco, a total of 57,931,967 shares held by third-party shareholders had been tendered to Holcim Ltd by the
Torah cement impressive
Egypt: Torah Cement released FY03 results ending December, in which the company recorded an impressive 15.3 x net income hike to LE55m (US$8.9m) compared to LE3.6m realized in FY02. The improved botto
Lipetskcement ups cement production
Lipetskcement produced around 168,000t of cement in January 37.6 per cent up on year, according to
Holcim to detail Mexican unit offer
Holcim will detail the outcome of a US$750m takeover offer for Mexico’s Holcim Apasco on Monday, it said Wednesday, as a planned cash call to finance the deal continued to weigh on its shares.
NY ruling on cement plant plans
New York state officials called on St Lawrence Cement to provide more data to better gauge the environmental impact a proposed expansion of its Hudson, NY, plant would have on the surrounding area inc
Lafarge Romania
Lafarge posted a turnover of 6.0 trln Romanian lei (US$187.5m) for 2003 from activities in Romania, up from US$176.8m for 2002, it was reported on March 9, 2004. The company operates cement plant Laf
Egyptian Sinai Cement net profit rise
Egyptian cement producer Sinai Cement reported an 81.6 per cent year-on-year surge in net profit to 35.56 mln Egyptian pounds (US$5.8m) for 2003. The increase in earnings resulted from a 12.5 per cen
Ras Al-Khaimah Co profit rise
UAE: Ras al-Khaimah Co for White Cement & Construction Materials reported a 24.9 per cent year-on-year increase in sales to 113.4 mln UAE dirhams ($30.9m) in 2003, it was reported on March 9, 2004.
Kuwait’s Portland Cement profits up
Kuwait Portland Cement Co said on Tuesday its net profit for 2003 had risen 86 percent to 15.14 million Kuwaiti dinars (US$51m) from 8.12 million dinars a year earlier. General manager Adel al-Ghanim
ACC raises $100m
Associated Cement Companies Ltd (ACC) has raised US$100m by issuing foreign currency convertible bonds (FCCB) and global depository receipts (GDR) to international investors to fund acquisition of Bar
Holcim’s outlook for 2004
Holcim’s CEO Marcus Akermann, remains optimistic over group prospects for 2004, with Holcim set on selling more cement, aggregates and concrete in its key markets, capable of improving value add
Cimpor: Spanish expansion offsets Portuguese decline
In 2003, Cimpor generated a turnover of €1,360.9m, an increase of 3.3 per cent on cement and clinker sales 11.1 per cent higher at 18.29Mt. Cement capacity, based on using own clinker, now stands at 2
Portugal Cimpor 2003 Net Profit
Portuguese cement group Cimpor - Cimentos de Portugal SGPS, reported a 5.3 per cent year-on-year rise in 2003 net profit to Euro 185.9m, the company announced on March 5, 2004. The company’s tu
Semen Gresik draws interest from foreign investment firms
Several foreign investment firms have expressed interest to buy a stake in state-owned cement maker PT Semen Gresik should Mexican cement firm Cemex SA decide to pull out from the local firm, the dail