Cement News tagged under: Corporate
Pushka Decides To Buy Out 0.83% Of Its Stocks09 November 2005, Published under Cement NewsThe supervisory council of the Kramatorsk-based cement plant Pushka (Donetsk region) at its October 25 meeting decided to buy out 0.827% of its stocks. According to the statement, the company will buy out 346,321 stocks at UAH 1 per one share. As Ukrainian News reported, the shareholders of the Kramatorsk-based cement plant Pushka (Donetsk region) at their October 18 meeting relieved Hennadii Donets of his duties as the plant’s director and appointed Mykola Huriev to replace him. Earlier... |
Lafarge plans EUR500m March 2016 bond09 November 2005, Published under Cement NewsLafarge plans to sell a EUR500m bond due March 2016 this week, an official at one of the banks managing the sale said on Tuesday. BNP Paribas, Calyon, HSBC and RBS are managing the sale. Proceeds will be used for general corporate purposes and to help repay an Oceane convertible bond that matures in January 2006, the official said. "We expect to price this week," he said, adding that there would be an investor conference call on Wednesday. Lafarge holds BBB credit ratings from Standard... |
Italcementi begins to see Egyptian benefits08 November 2005, Published under Cement NewsItalcementi’s cement shipments reached 41.5Mt in the first nine months of the year, an underlying increase of 1.7% and an absolute advance of 13.8% as the group expanded, particularly in Egypt. Interestingly, aggregates shipments were an identical 41.5m tonnes, but this represented a 4.5% decline and the ready-mixed concrete volume amounted to 15.9Mm³. The turnover recorded an 8.6% advance to EUR3,720.8m, but unfavourable pricing in Italy and Thailand led to a narrowing of margins and the ... |
HeidelbergCement Q3 net profit up, beats forecast08 November 2005, Published under Cement NewsHeidelbergCement reported a 60 per cent rise in third-quarter net profit on Tuesday, boosted by a pick-up in its key North American and Indonesian markets. HeidelbergCement said net profit in the three months to the end of September was EUR274m ($324 million). The company, which also controls Indonesia’s second-biggest cement maker, Indocement , said it expected a moderate rise in sales volumes and turnover for 2005. HeidelbergCement also expected a significant increase in operating p... |
Ciments Francais: results improve07 November 2005, Published under Cement NewsAt the end of September 2005, consolidated revenues increased in every country except Greece and also profited from globally positive price trends. The increase in volumes at the end of the first half-year period was confirmed in the third quarter in the three business segments despite a slowdown in cement sales on domestic markets in North America and Asia (Thailand in particular). Gross operating profit for the third quarter amounted to Euro 291.3m, a sharp increase compared to 2004 (+2... |
Aditya Birla Oct cement shipments up07 November 2005, Published under Cement NewsAditya Birla group, India’s top cement producer, said on Monday its October cement shipments rose 6.35 per cent from a year ago to 2.35Mt The Birla group, comprising flagship Grasim Industries Ltd. and UltraTech Cement Company Ltd, produced 2.31Mt, up 4.45 per cent, the group said in a statement. |
Gujarat Ambuja Oct cement shipments fall07 November 2005, Published under Cement NewsGujarat Ambuja Cements Ltd, India’s third-biggest cement maker, said on Monday its October shipments fell 0.8 per cent from a year earlier, to 1.17Mt Ambuja’s cement production in the same period totalled 1.17Mt, compared with 1.16Mt a year earlier, the company said in a statement. |
Saudi Arabian Cement Co Net Profit Down07 November 2005, Published under Cement NewsSaudi cement producer Arabian Cement Company (ACC) posted a net profit of 252 mln Saudi riyals (US$67.2m) for the first nine months of 2005, down 3.5 per cent year-on-year. The fall came despite the 16.9 per cent rise in sales to 519.7 mln riyals ($138.6m). Operating income also rose to 248 mln riyals ($66.1m) in the first nine months of 2005, which was offset by a sharp decrease in other income to 15.7 mln riyals ($4.2m). |
Lafarge North America Q3 net up07 November 2005, Published under Cement NewsLafarge North America, owned 54 per cent by Lafarge SA, said third quarter net profit rose to US$172.1m from US$165.6m in the same period last year, on the back of price increases for all products and strength for gypsum sales. The higher prices helped offset the impact of higher energy costs and softness in several markets, as well as the blow to economic activity from Hurricane Katrina, the company said. Operating profit rose 5 per cent to US$278.5m, on sales that rose 12 per cent to US$... |
India Associated Cement Oct sales07 November 2005, Published under Cement NewsIndian cement leader Associated Cement Cos. Ltd.reported a 7.9 per cent rise in October cement sales to 1.51Mt, up from 1.40Mt in the year-ago month. Cumulative sales for the April-October period stood at 9.94Mt, compared with 9.39Mt in the year-ago period. |