Cement News tagged: International
Holcim’s plant in Serbia turns profit
Serbia’s second-largest cement plant Novi Popovac, part of Holcim Group, reported on Monday a 160 million-dinar ($2.76m) net profit for 2003, rebounding from a loss a year earlier, when results
TPI says may sell stakes after restructuring
Thai Petrochemical Industry PCL (TPI), the country’s biggest defaulter, said on Monday it could sell stakes to companies such as PTT and Siam Cement PCL once it restructures its debt.
ACC Q3 net profits up 10.4 per cent
Associated Cement Companies Ltd, India, has posted a 10.4 per cent rise in net profit at Rs 223.2 million (US$4.91m) for the 3rd quarter ended December 31, 2003 as against Rs 202.1 million in same per
PSP Engineering wins Russian contracts
Czech firm PSP Engineering, has won several new orders in Russia. Czech firm PSP Engineering, has won several new orders in Russia
Siam Cement net Q4 seen robust
Thailand’s biggest industrial conglomerate, Siam Cement PCL, is expected to cap one of its best years by posting sturdy quarterly earnings due to rising prices for its building materials and che
Apasco net profit soars in 2003
Mexican cement maker Holcim Apasco saw operating profits reach 2.27bn pesos (US$208m) last year, a 17.3 per cent jump over 2002, while fourth quarter profits were up 7.0 per cent from 4Q02 to 585mn
Bidders For Portuguese Secil seek larger stake
Brazilian industrial conglomerate Votorantim, Italian diversified holding company Caltagirone and Irish industrial and trade group CRH which were shortlisted for the acquisition of the 41.6 per cent
Moldovan Ciment gets special concession
Moldovan cement producer Ciment, owned by a French building materials group Lafarge, has become the first local company to receive a special electricity
Benue Cement change
President of Dangote Group, Alhaji Aliko Dangote, has now taken over affairs of the ailing Benue Cement Company (BCC) Plc as the new core investor with a firm pledged to turn around the fortunes of th
Gujarat Ambuja to expand capacity
India’s fourth largest cement manufacturer, Gujarat Ambuja Cement Limited, is going in for capacity addition either through fresh acquisition or brownfield expansion.
Feldschuh named head of Nesher
Yoel Feldschuh has been appointed CEO of the Nesher cement monopoly. The firm’s board of directors has approved the appointment, and Feldschuh will take over on February 2, replacing Herzl Ozer
Eco-cement to hit CRH profits
CRH stands to lose Euro10m a year as a result of new government measures to make up to 25 per cent of all cement used in state-funded projects more environmentally friendly.
Diamond Cement expands
Diamond Cement Ghana Limited (DCGL) a cement company in Aflao, Ghana has stated that products of the company could be obtained from the Volta, parts of Greater Accra, Eastern and the Northern regions.
Yamamah profit rise
According to Riyadh newsources, the Yamamah Cement Company reported SR 386.6 million profits last year (US$103m) compared with SR 320 million in the previous year.
Baltsem boosts output
In 2003, Ukraine`s major producer of cement, the Baltsem plant, (Balakleia, Kharkiv region) increased its production volume by 19.1 per cent, or UAH 24.995 million, compared with 2002, up to UAH 156.1
Bankruptcy court delays compromise
A decision on a compromise over the restructuring of TPI Polene Plc has been postponed for three months in the Central Bankruptcy Court, pending a decision by Krung Thai Bank, one of the company`s cre