Cement News tagged under: Corporate
Taiheiyo Cement’s interest-bearing debt06 January 2006, Published under Cement NewsTaiheiyo Cement Corp anticipates consolidated interest-bearing liabilities will total 650 billion yen as of March 31, falling 15.9 billion yen on the year. Interest-bearing liabilities at the end of fiscal 2005 will be almost 30% off the peak 901.3 billion yen marked at the end of fiscal 2001. By March 31, 2008, the firm hopes to slash debt to 630 billion yen. Taiheiyo trimmed its debts using free cash flow, which was generated by its robust, key cement business both at home and abroa... |
Qassim Cement profit rises06 January 2006, Published under Cement NewsQassim Cement said yesterday its net profit for 2005 rose 14.6 per cent to SR282 million (US$75.20m). A statement on the stock market website said the figure was provisional. The company posted net profit of SR246 million in 2004. It gave no further details. |
Leading calcium aluminates producer on the block06 January 2006, Published under Cement NewsMateris, the specialist construction products group created by Lafarge in 2001 to help finance the acquisition of Blue Circle industries, looks likely to change hands for the third time in the less than five years since its creation. The business, in which Lafarge currently has a seven per cent stake, still uses the Lafarge name for its calcium cement business, where it is the world leader and also makes concrete admixtures, mortars and paint. Lafarge originally sold Materis for €890m to thr... |
Semen Gresik expects Trillion net profit in 200606 January 2006, Published under Cement NewsCorporate Secretary of Semen Gresik, Agung Wiharto, said that the company was targeting to reach Rp1 trillion of net profit in 2006, or 10-15 per cent higher than 2005 target at Rp 800-900 billion. The net profit growth is due to the cement retail price increase and internal efficiency program in the production departments. "With gradual retail price increase to 20%, the company had exceeded its 2005 net profit target by the third quarter. Therefore, we are optimistic tha... |
Holcim declines comment on Indian bid talk05 January 2006, Published under Cement NewsHolcim , the world’s second biggest cement maker, has declined comment on market talk that it was eyeing India’s third-largest cement maker Gujarat Ambuja Cements Ltd to expand its operations in India. A spokesman for the Swiss company, which has a market capitalisation of US$16.2bn, had no comment on the market rumours on Wednesday but noted the group already has a presence in India. "In principle we believe in the Indian market (and) that is why we have entered the market," he said. ... |
Lafarge Malayan Cement buys back 6.16M shares05 January 2006, Published under Cement NewsLafarge Malayan Cement Bhd said it bought back 6.16 million of its own shares at prices ranging from MYR0.605 to MYR0.62 each for a total of MYR3.8m yesterday. In a statement, the cement maker said following the purchase, the total number of shares retained in its treasury stood at MYR42.81m. |
Cibinong now Holcim Indonesia05 January 2006, Published under Cement NewsThe country’s third largest cement maker PT Semen Cibinong changed its name to PT Holcim Indonesia on January 1, the company said in a release sent on January 4. The company’s subsidiary PT Trumix Beton also has a new name of PT Holcim Beton. Semen Cibinong’s logo has also been changed to the Holcim logo, while its website address has been changed to www.holcim.co.id |
Lafarge confirms update at Chilanga04 January 2006, Published under Cement NewsLafarge, the holding company for Chilanga Cement Plc, plans to spend Euro 85m in setting up a new cement line at its Lusaka facilities in Zambia. With a 750,000tpa capacity, the plant is set to be operational in 2008. This investment will bring Chilanga’s total production capacity to 1.2Mta. Lafarge said it would then be in a position to meet the country’s growing infrastructure needs, notably for new copper mines and the construction of electrical power plants. Greater production capacit... |
Gujarat Ambuja Cements December production up04 January 2006, Published under Cement NewsGujarat Ambuja Cements Ltd today reported 3 per cent increase in the cement production at 1.161Mt for the month of December 2005, against 1.129Mt in the year-ago period. The despatch during the same period registered growth of seven per cent to touch 1.195Mt against 1.116Mt in the corresponding period last year, the company said in a statement. In the meantime, the cement production of Ambuja Cement Eastern Ltd (ACEL) for the month of December 2005 have reported an increase of 29 per cent... |
Ciliberto buys Cementir shares04 January 2006, Published under Cement NewsMario Ciliberto, a member of the board of directors of Italian cement group Cementir, a unit of local construction company Caltagirone, has acquired Cementir shares for a total Euro 118,049 it was reported on January 2, 2006. Ciliberto bought 30,000 shares in Cementir between October 27 and November 9, 2005. The news was released by Italy’s stock exchange operator Borsa Italiana in its regular bulletin. |