Cement News tagged under: Corporate
Semen Padang sales up 5.92 per cent , Indonesia03 August 2005, Published under Cement NewsState-owned cement producer PT Semen Padang’s sales in this year’s first quarter reached 2.43Mt, or 5.92 per cent higher than the target of 2.3Mt. While the first half production reached 2.45Mt from a target of 2.32Mt. The firm’s marketing director Widodo said that the production increase would be able to fulfill 50 per cent of the market demand on Sumatra island, which is about 6.1Mta. Semen Padang’s annual production is about 5.1Mt. The firm plans to expand its market to Banten, J... |
Sharjah Cement H105 net profit up 134% YoY, UAE03 August 2005, Published under Cement NewsUAE cement producer Sharjah Cement and Industrial Development Company posted a net profit of AED151.3m (US$41.2m) for the first half of 2005, registering a 134% YoY increase. The company’s sales rose to AED272m (US$74.1m) from AED163m (US$44.4m) and its operating profit reached AED121m (US$32.9m). Earnings per share (EPS) grew to 0.413 dirhams ($0.112/0.092 euro) from 0.177 dirhams ($0.048/0.039 euro). Total assets increased to some AED1.4bn (US$381m) at end-June 2005 from AED1.1bn (... |
Holcim Romania to spend on training02 August 2005, Published under Cement NewsHolcim Romania, will spend Euro 500,000 in 2005 in training programmes aimed at improving the skills of its employees, company general director Markus Wirth said on August 1, 2005. The training will include special management, communications and personal relations, marketing and sales courses as well as foreign languages and technical courses. Some 90 per cent of Holcim Romania’s 1300 employees, will take part in the programmes. Holcim operates three cement plants and 13 ready-mixed concre... |
Chile Cementos bond placement02 August 2005, Published under Cement NewsChilean cement maker Cementos Bio-Bio SA expects to place some $125m in inflation-indexed, local-currency bonds in the second half of October, Chief Financial Officer Carlos Longeri said Monday. "The placement will serve both debt refinancing and to fund new investments," he added in a telephone interview. The company originally announced the issue June 9. Last Thursday, it said the issue would top the originally announced $80m limit and go ahead in two tranches. Local investment ban... |
Taiwan’s construction materials firms improve02 August 2005, Published under Cement NewsThe growth in investments in fixed assets in China proved to be a boon to Taiwan companies in relevant sectors like glass and cement during 2004. The government of Taiwan requires all companies listed on the Taiwan Stock Exchange to report the net earnings on their business in China, and a look at those reports reveals that firms in construction materials sectors enjoyed higher profits on their investments in China in 2004. Construction material makers like Taiwan Glass Industry Corp. an... |
Holcim may keep Ambuja name01 August 2005, Published under Cement NewsHolcim is set to sign a licensing agreement with Gujarat Ambuja Cements (GACL), its Indian partner, to retain the corporate name of its majority-owned special purpose vehicle (SPV), Ambuja Cement India (ACIL), which owns 34.7 per cent in the country’s second-largest cement maker, ACC. As part of the licensing agreement, Holcim will also retain the name of ACIL’s subsidiary, Ambuja Cement Eastern (ACEL), as well as the Ambuja brand of cement that the company sells in the eastern region, till... |
Fujairah Cement reports Dh67.3m net profit01 August 2005, Published under Cement NewsFujairah Cement Industries Company has reported a substantial surge in net profit to Dh67.335 million during the first six months of the year, against Dh42.526 million of previous comparable period – reports The Khaleej Times. The sales of cement rose due to the massive construction activity in the country from Dh131.224 million to Dh173.73 million along with the cost of sales to Dh102.679 million from previous level of Dh84.350 million, leading to a gross profit of Dh71.058 million from Dh4... |
Gujarat Ambuja cements announces 4Q results01 August 2005, Published under Cement NewsGujarat Ambuja Cements Ltd., has announced the following results for the quarter and year ended June 30, 2005: The unaudited results for the quarter ended June 30, 2005 are as follows: The company has posted a net profit of Rs. 1,451.70 million for the quarter ended June 30, 2005 whereas the same was Rs. 1,172.00 million for the quarter ended June 30, 2004. Total income (net of excise) is Rs. 7,335.80 million for the quarter ended June 30, 2005 whereas the same was at Rs. 5,877.50 million ... |
Cemex Germany says it intends to fight damages claim01 August 2005, Published under Cement NewsA spokesman for Cemex Germany, said the company intends to defend itself against a EUR140 million damages claim being brought against it, and two other German-based cement producers, by 28 corporate customers. The claim, for alleged price-fixing, is due to be filed with a German state court in Duesseldorf next week, according to a German press report Friday. |
Jordan Cement raises profits01 August 2005, Published under Cement NewsJordan Cement Factories Company (JCFC) increased its profit during the first half of this year by 16 per cent to JD30.76 million. Sales to the local market increased by 16 per cent, reaching 1.86 million tonnes compared to those recorded during the same period last year while sales to foreign markets dropped by 43 per cent to 167,000t. JCFC Chairman Abdul Illah Khatib attributed the higher demand in the local market to the noticeable boom in the construction sector. The recent increase i... |