Cement News tagged under: Corporate
Lafarge’s first half cement volumes slightly ahead29 July 2005, Published under Cement NewsLafarge Group turnover rose by 6.3 per cent to €7,220m in the first half of the year, of which cement contributed €3,797m, an increase of 6.9 per cent. Cement deliveries were 0.9 per cent higher, or up by 0.3 per cent on a comparable structure, to 58.3Mt. Concrete and aggregates generated turnover 10.9 per cent higher at €2,337m, with aggregates shipments up by 5.3 per cent to 107.7Mt and ready-mixed concrete deliveries advancing by 4.5 per cent to 18.5m³. Turnover from the gypsum operatio... |
Siam Cement Reports significant rise in net profit28 July 2005, Published under Cement NewsSiam Cement PCL, Thailand’s dominant industrial conglomerate, said its second-quarter net profit jumped 13 per cent from a year earlier on higher petrochemical and cement prices. But net profit fell from the previous quarter, also by 13 per cent, as prices of petrochemical products eased during the period compared with the first quarter of the year. In the latest quarter, Siam Cement reported a net profit of 8.72 billion baht (US$210m), up from 7.74 billion baht in the same period a year... |
Colombia’s Argos H1 net nearly doubles on sales28 July 2005, Published under Cement NewsColombia’s biggest cement-manufacturing group, Cemento Argos , almost doubled net profits in the first half of the year compared to the same period of 2004 due to higher income from affiliates’ cement sales, the company said on Wednesday. Net profit rose to 183.7 billion pesos (US$79m) compared to 94.2 billion pesos in the first half of 2004, Argos said in a statement. The company is controlled by conglomerate Grupo Empresarial Antioqueno (GEA). |
Cementos Pacasmayo reports H1 profits dip28 July 2005, Published under Cement NewsPeruvian cement company Cementos Pacasmayo posted a 30.1m-sol (US$9.24m) net profit for the first half of 2005, down slightly on the 31.1mn-sol figure from the same period last year, according to information sent to Peru’s securities regulator Conasev. In the period, Peru’s third largest cement producer had sales revenue that grew slightly to 145m soles from 144m soles in 1H04. In 2004, Pacasmayo posted a 73.5m-sol net profit in 2004, up 26.3 per cent from the previous year. Controller Inv... |
Manuel Fino buys 3.3 per cent of Cimpor28 July 2005, Published under Cement NewsPortuguese entrepreneur Manuel Fino has boosted his stake in the share capital of local cement producer Cimpor-Cimentos de Portugal SGPS by 3.3 per cent, it was reported on July 26, 2005. The stake was reportedly acquired from Portuguese investor Joe Berardo. No financial details were available. Before the operation Fino reportedly controlled a total 11.3 per cent of the Cimpor share capital. |
Oman’s Raysut Cement H1 profit rise28 July 2005, Published under Cement NewsOman’s Raysut Cement reported a 49 per cent increase in first-half net profit to 5.02 million rials (US$12.9m), as it cranked up output to feed a construction boom in the region. The company said on Wednesday the result meant it could "significantly" exceed its profit forecasts for the full year, although it did not say what those forecasts were. Six-month turnover soared 37 per cent from the same period a year earlier to 13.7 million rials while operating profit climbed 35 per cent to 6... |
India Cements to issue GDRs27 July 2005, Published under Cement NewsIndia Cements Ltd has decided to issue global depository receipts or other securities to raise up to US$115m. The proceeds of the global issue of equity are likely to be used to swap high cost debt. The company had earlier this year raised significant funds by privately placing equity and optionally convertible debentures. The company attributed the improved performance to buoyancy in cement demand because of which average realisation for a tonne of cement has gone up by Rs 67 to Rs 2,44... |
Ciments du Maroc to buy Suez Cement stake27 July 2005, Published under Cement NewsThe board of directors of Moroccan cement company Ciments du Maroc (majority owned by Italcementi) decided on July 22, 2005 to buy a 13.4 per cent stake worth 1.2 bln Moroccan dirhams (Euro 109m) in the Egyptian Suez Cement Company. Suez Cement Company is said to have an annual production capacity of 8.0Mt. Ciments du Maroc reported a net profit of 532 mln dirhams (Euro 48.5m) for 2004, down by 4.3 per cent year-on-year. The company is also planning for a major investment in Morocco worth Eur... |
UAE Union cement net profit climbs27 July 2005, Published under Cement NewsThe net profit of UAE Ras al-Khaimah cement manufacturer Union Cement climbed 37.8 per cent year-on-year to 86.3m UAE dirhams (US$23.5m) in the first half of 2005, it was reported on July 26, 2005. Sales revenue rose to 190.1m dirhams (US$51.7m) from 144.6m dirhams (US$39.4m), while the cost of sales increased to 103.7 mln dirhams (US$28.2m) from 82 mln dirhams (US$22.3m), the company said in a report to the Abu Dhabi Securities Market (ADSM). |
Court denies ex-TPI chief right to purchase shares27 July 2005, Published under Cement NewsThe Central Bankruptcy Court dismissed a petition by company founder Prachai Leophairatana demanding to purchase 249 million shares of TPI Polene Plc, the country’s third largest cement maker, the Bangkok Post reports. Prachai, on behalf of TPI Polene’s rehabilitation plan administrator, last week asked the court for permission to buy the shares, totalling around 31 per cent of the number currently held by parent Thai Petrochemical Industry Plc (TPI), for $1 each, while he negotiated the... |