Cement News tagged under: Corporate
Lafarge India shuffles top deck after entry of new CEO02 September 2005, Published under Cement NewsLafarge India has embarked on a top-level management reshuffle, close on the heels of Uday Khanna taking over as its new CEO. Shivesh Sinha, the company’s CFO till recently, has been promoted to take over as advisor, Lafarge Asia. Antoinne Zenone, an old Lafarge hand, has come in as senior VP (accounts and control). Gautam Ray, who was posted at the Lafarge group headquarters, has moved back from Paris to rejoin Lafarge India as senior vice president (legal and finance). On July 1, Mr Kh... |
Dontsement appoints Galant board chairman02 September 2005, Published under Cement NewsCouncil of shareholders in the Dontsement cement producer (Amvrosiivka, Donetsk region), who are performing the functions of the company’s supervisory board, have appointed Wojciech Galant as board chairman. A company representative made the statement to Ukrainian News. "Galant is appointed as board chairman," the representative said. Ukrainian News earlier reported, on August 10 that shareholders dismissed board chairman Ihor Yelchaninov and appointed Galant as acting board chairman. ... |
Shareholder meeting of Semen Padang cancelled02 September 2005, Published under Cement NewsThe plan to conduct shareholders meeting of Semen Padang and Semen Tonasa had been cancelled from the initial schedule of yesterday. The shareholders meeting had not been rescheduled yet. The shareholders meeting had been cancelled as legal and documentation conditions of the meeting were incomplete. "The shareholders-meeting of Semen Tonasa and Semen Padang was scheduled today. But we have to cancel the program as the legal condition is incomplete. We have not determined the new sc... |
Quinn Group clashes with Siptu01 September 2005, Published under Cement NewsIreland’s country’s most profitable private company, the Quinn Group, has been ordered to provide employees of its cement division with conditions in line with those demanded by the Siptu union. The non-union company, headed by entrepreneur Sean Quinn, reported pre-tax profits of over €140m last year and is projected to see these rise above €200m over the next year. The Labour Court has issued a binding determination on the company to introduce a 39-hour basic week and a sick pay scheme u... |
Second half looks brighter for Malaysian cement makers01 September 2005, Published under Cement NewsThree of the four listed cement players in the country – Cement Industries of Malaysia Bhd (Cima), Lafarge Malayan Cement Bhd and Tasek Corp Bhd – have posted losses for the quarter ended June 30. Cima recorded a net loss of RM26.9m for its second quarter compared with a net profit of RM4.7m in the corresponding quarter last year, while revenue fell 6.8% to RM136.2m from RM146.2m. Lafarge posted a net loss of RM26.9m versus a net profit of RM24.8m last year on the back of revenue of RM4... |
Pre-bid meeting for Javedan Cement sale31 August 2005, Published under Cement NewsThe Pakistan Privatisation Commission is holding a pre-bid meeting in Islamabad for sale-of 96.34 Javedan Cement Limited (JCL) shares on September 3. The meeting is meant to give the bidders better understanding of the transaction and the bidding process. The commission has received 43 expressions of interest (EoIs) from interested parties for JCL sell-off on an "As is where is" basis, through the sale of 96.34 percent shares held by State Cement Corporation of Pakistan (Pvt) Limited (SCCP)... |
Cement Hranice owner to squeeze out minority shareholders31 August 2005, Published under Cement NewsDyckerhoff, majority owner of the Czech building materials maker Cement Hranice, plans to squeeze out small shareholders during a Friday general meeting. Dyckerhoff will offer minority shareholders CZK 2262 for each share worth a nominal CZK 300. Dyckerhoff now controls 98.27 per cent of Cement Hranice having bought the stake from France’s Ciments Francais in 1997. Cement Hranice saw its net profit rise 23 per cent yr/yr to CZK 501 mln in 2004. Salesfell byCZK 22 mln yr/yr to CZK 1.565 bn. In... |
Sumitomo Osaka Cement’s financials31 August 2005, Published under Cement NewsSumitomo Osaka Cement Co is unlikely to meet its 400 million yen operating profit target set for its optoelectronics and advanced materials operations in fiscal 2005, especially in light of the 200 million yen operating loss these businesses posted in the April-June quarter. At the advanced materials division, the company lowered its prices for plasma display panel films by around 30%, succumbing to strong pressure from customers. And at the optoelectronics segment, shipments of LN modulato... |
Croatian Dalmacijacement H1 Net Profit Down30 August 2005, Published under Cement NewsCroatian cement maker Dalmacijacement-RMC Group, now owned by Mexico’s Cemex, said on Monday its net profit fell by 4.9 per cent on the year to 58.6 million kuna (US$9.8m) in the first half of 2005. In a consolidated report, sent to the Zagreb Stock Exchange, the company said the earnings were in line with its plans. Lafarge Malayan Cement falls on lower-than-expected Q2 results Lafarge Malayan Cement Bhd was lower after reporting a wider loss of 26.9 mln rgt in the second quarter from... |
Indonesia’s Semen Cibinong H1 net loss narrows30 August 2005, Published under Cement NewsCement maker PT Semen Cibinong posted a narrower net loss of 217.59 bln rupiah in the first half to June against a loss of 509.48 bln a year ago, mainly due to a fall in foreign exchange losses. The company said its sales surged 27 pct to 1.41 trln rupiah, up from 1. 11 trln a year earlier. Gross profit rose to 129.32 bln from 65.93 bln a year ago. The increase however was insufficient to cover operating expenses which rose 12.52 pct to 150.36 bln from 133.63 bln. As a result, the company ... |