Cement News tagged: Corporate
HeidelbergCement boosts 2003 cement volumes by 11.3%
Turnover at HeidelbergCement fell by 3.0% last year to €6,372m, but after adjusting for the lower dollar and changes to the sphere of consolidation there was a marginal increase of 0.4%. Profit numbe
SCC building profits to rise 20 per cent
Siam Cement, Thailand’s largest industrial conglomerate, said it expects its revenue from the building material business to rise 20 per cent to 44 billion baht this year on the back of dramatic
Ras Al Khaimah Cement improves
Ras Al Khaimah Cement Company, fuelled by the boom in the UAE’s construction sector, has posted a sharp increase profit in 2003 profits. The company earned a net profit of Dh30.02 million for 20
Japan’s Taiheyo cement to introduce cash management system
Taiheiyo Cement Corp is introducing a system to centralize cash management within its corporate group
Ciments Français has a bad year in the United States
Ciments Français, the international arm of Italcementi, produced a turnover of €2898.9m last year, a drop of 1.1 per cent but representing an underlying increase of 3.4 per cent exchange rate movement
CRH stays silent on Portugal expansion
CRH was not willing to comment yesterday on a Sunday Business Post report naming it as one of a number of parties considering an offer for a 41 per cent stake in Secil, Portugal’s second largest
Wienerberger increases trading profit by a quarter
Wienerberger AG, the world’s leading brick manufacturer, increased turnover by 10.4% in 2003, to Eur1826.0m. Organic growth was around 4%, with the initial contribution from Koramic Roofing adding Eu
Lafarge NA marks 20 Years of Trading On the Toronto Stock Exchange
Lafarge North America Inc., the leading supplier of construction materials in the U.S. and Canada, announced that Philippe Rollier, president and chief executive officer, will celebrate 20 years of tr
Cementos de Valle
Colombian cement producer Cementos de Valle earned profits of 89.2bn pesos (US$32.6mn) in 2003, up 11.6% over 2002, Portafolio reported. The company has proposed a dividend of 228 pesos per share in
Capital Group and Holcim
In accordance with Article 20 of the Federal Act on Stock Exchanges and Securities Trading (Stock Exchange Act), Holcim Ltd was informed by The Capital Group Companies, Inc., Los Angeles, CA, USA that
ACC India may sell its stake In Everest
Associated Cement Companies, India’s second-largest cement maker, plans to sell its 76.01 per cent stake in building products firm Everest Industries. ACC has initiated talks with prospective bu
Empresas Melon increases profits
Empresas Melon, the Chilean cement holding company which is owned by Lafarge, reported profits of Pesos$16,630mil in 2003, an increase of 6.7 per cent on profits of Pesos$15,589m in 2002. Operating pr
French Vicat posts slightly higher turnover
French building materials supplier Vicat SA reported a Euro1.463bn (US$1.863bn) turnover for 2003, a slight increase from Euro 1.462bn (US$1.862 bln) registered for the previous year. The group poste
Buzzi Unicem increases cement sales
Buzzi Unicem generated at turnover of €1461m in the year to the end of December 2003. This is 1.2 per cent lower that in 2002, but adjusting for the considerable weakness in the US and Mexican curren
Lafarge Beton to announce a bid for PCLA shares
Lafarge Beton Bratislava, a minority shareholder in cement producer Povazske Cementarne Ladce (PCLA) has decided to announce a competing takeover bid for PCLA shares. This bid should be in response to
Mangalam cement sale close
The B K Birla group is close to finalising the deal to sell its 1.5Mta cement company, Mangalam Cement Ltd. The group is apparently at an advanced stage of negotiations with two buyers- the French con