Cement News tagged: Corporate
India Cements puts off sale
India Cements has decided to defer plans to sell its manufacturing units in Andhra Pradesh flowing a large infusion of funds from overseas investor Asia Debt Management. The
Holcim Maroc net profit down
Holcim Maroc, a subsidiary of Swiss cement supplier Holcim Ltd, posted a consolidated net profit of 354 mln Moroccan dirhams ($42m) for 2004, down 15.1 per cent year-on-year.
CRH’s views on sector consolidation sought next week
CRH PLC’s views on the consolidation of the European cement industry and whether it plans to get involved in the latest round of takeover activity will be a major talking point when the Irish-ba
Adana Cimento plans to make investments this year
Turkish cement producer Adana Cimento announced its investment, production and sales targets in the 2005 budget. The company plans to make TRY 9.5mn investment this year,
Heracles says 2004 pretax hit by end of Olympics
Greek cement producer Heracles Cement, majority-owned by France’s Lafarge posted an 8.2 per cent drop in 2004 group pretax profit to 107.4 million euros, hit by slowing volume as Olympics-relate
Holcim Philippines continues rise ahead of Cemco’s tender offer
Shares of Holcim Philippines Inc extended recent gains ahead of Cemco Holdings Inc’s tender offer to Holcim’s minority shareholders, dealers said. In mid-morning trade, Holcim,
Profits rise at Lafarge
Lafarge said Thursday its net profit rose 19 per cent last year and said it expects operating profit growth to slow due to high energy costs in 2005.
Saudi Qassim Cement recommends dividend
The management board of Saudi cement producer Qassim Cement Company (QCC) proposed on February 23, 2005 a cash dividend payment of 22 Saudi riyals ($5.89) per share
Hanson says FY profit beats its forecasts
Hanson PLC said a 5.6 per cent rise in annual profit beat its expectations, reflecting a ’strong finish’ in all divisions, and boosted by a UK£7m gain from two property deals closed at the
Holcim scores SEC order on tender offer
Publicly-listed cement firm Holcim Philippines Inc. said that the decision of the Securities and Exchange Commission to reverse its policy on tender offers sends a wrong signal to investors. In a pres
Holcim clears formal hurdle on Aggregate bid
Holcim said on Wednesday it had satisfied a formal condition for its planned takeover of Britain’s Aggregate Industries.
Indocement minority shareholders approve debt-refinancing scheme, Indonesia
PT Indocement Tunggal Prakarsa’s minority shareholders approved the cement producer’s debt-refinancing scheme worth US$150m, the company said in a statement.
Titan net profit seen up 35.7% YoY, Greece
Greek cement maker Titan Cement 2004 net profit is seen rising 35.7 per cent YoY to EUR169.5m (US$223.2m), local brokerage Egnatia Finance forecasts in its February 22, 2005 report.
HeidelbergCement’s 2004 turnover beats forecast
HeidelbergCement (HEIG.DE) reported on Tuesday an 8.8 percent rise in 2004 turnover thanks to higher cement prices and full consolidation of Indonesian unit Indocement.
Outlook: Lafarge FY profits to easily meet targets, France
Lafarge SA, the world’s largest cement producer, will report full year net profit of EUR827-880m on Thursday morning, up from EUR728m the previous year, as the improved economic
Romanian Competition Council completes cartel report
Romanian competition watchdog said it completed its report on cartel agreement allegations against cement companies Lafarge, Holcim and HeidelbergCement, government sources