Cement News tagged: Corporate
Jaypee to set up cement plant in HP
Jaypee group is setting up a 2.5Mt cement plant in Himachal Pradesh. The new project, estimated to cost about Rs 600 crore, will be among the largest-capacity cement plants in North. The new plant w
Cementos Molins launches bid
Spanish Catalan cement manufacturer Cementos Molins and subsidiary Cementos Molins Industrial have launched a bid for 43 per cent of shares in the company worth 278.84m euros. The aim of the operatio
TXI reports 4Q results, USA
Texas Industries, Inc reported net income of US$37.6m (US$1.59 per share) for the quarter ended May 31 2004. The same quarter last year showed a loss of US$7.6m (US$.36 per share).
Cement unit expects improvement if court approves debt buyback
Foreign exchange will no longer have a significant impact on the earnings of TPI Polene Plc, as occurred in the second quarter of this year, if the Central Bankruptcy Court approves the company’
ACC Board consider merger with Gujarat Ambuja, India
The board of Associated Cement Companies Ltd will discuss the company’s merger with Gujarat Ambuja Cement, despite having planned a capital expenditure of about Rs5bn (US$109m) in the current fi
Cementos Melón reactivates investments of US$30-40m, Chile
With the new investments the firm expects to increase its production capacity to supply the domestic market in light of increasing demand in the real estate sector.
ING Bank reduces Cimpor stake
Dutch bank ING Bank reduced its stake in Portuguese cement group Cimpor - Cimentos de Portugal to 0.82 per cent of its total share capital, it was reported on July, 2, 2004. ING Bank sold a total of
ASEC Cement posts small profits
Egypt’s ASEC Cement Co, posted a net profit of E£3.55m (US$574,000) for the first quarter of 2004. The company’s operating revenue stood at E£160.51m, while the cost of goods sold reached
Siam City reduces sales target
Increased oil prices have brought SCCC’s expenses up about ten per cent, but SCCC has determined to keep its ready-mix price at Baht1700 baht a tonne for the rest of this year. In the pre-mixed
Pioneer Cement back into black
Pioneer Cement Limited, a unit of Noon Group of Companies, has recorded RS98.76 million gross profits during the quarter ended March31, 2004which is over30 percent of net sales revenue. However cumula
PPC gives good returns
South Africa: PPC has delivered a 140 per cent total return to shareholders over four years. The share price has rocketed from a low of R30,50 in 1998 to a record high of R155 this month. On top of n
HeidelbergCement on target
German cement and building materials supplier HeidelbergCement AG will return to a net profit in the first half of this year, Chief Executive Hans Bauer told Dow Jones Newswires in an interview Friday
Argos makes US$38m share issue
Colombia’s largest cement producer, Cemento Argos, raised 103bn pesos (US$38m) Thursday (July 1) with the issue of more than 6.8m shares giving the country’s stock market its biggest ever-
Cemex sees 2004 EBITDA up 11%
Cemex expects an 11% surge in its earnings before interest, taxes, depreciation and amortization this year as the global economic growth picks up and cost-cutting initiatives sent profit margins highe
Hanson foresees lower first half profits
While the North American aggregates division has been trading in good markets overall, helped by better weather conditions in the east and higher cement deliveries in California, trading in the Americ
RMC is closing Westphalian kiln
The RMC Group is splitting out its cement operations from its geographical management structure to be run as a separate business to include all of the group¹s cement manufacturing and trading operatio