Cement News tagged under: Corporate
Pioneer holds 2.369 per cent in italcementi31 March 2005, Published under Cement NewsItalian Pioneer Investments Management Sgr, the asset management arm of banking group UniCredito Italiano, now holds a 2.369 per cent stake in Italian cement producer and distributor Italcementi SpA, Italian stock market regulator Consob said on March 30, 2005. According to Consob, the stake is held through management of investment funds of Italcementi. |
Semapa has no plans to sell31 March 2005, Published under Cement NewsPortuguese cement company Semapa has no plans to sell its renewable energy company Enersis in the short-to medium-term, Chairman and Chief Executive Pedro Queiroz Pereira said on Wednesday. "I do not think of selling (Enersis)," he told Reuters on the sidelines of the Semapa shareholder meeting when asked to respond to speculative news reports on such a sale. Semapa controls Secil, the second largest cement company in Portugal, and Portucel, the largest producer of pulp and paper in Iberia. |
Dyckerhoff’s 2005 outlook31 March 2005, Published under Cement NewsAccording to work done by analysts at Exane BNP Paribas, Dyckerhoff?s outlook for 2005 is positive as the Group confirmed its target of EUR1.3bn sales for the year (vs. EUR1.2bn in 2004) and its outlook about a ?significantly improved net profit from operating activities? The Group expects further cost and debt reduction, an increase in demand in all markets, except Germany, price increases in most markets and a further step up of recovery of German prices. Dyckerhoff reduced its net ... |
Thailand: SCC sees same revenue growth this year29 March 2005, Published under Cement NewsSiam Cement Plc (SCC), Thailand’s largest industrial conglomerate, said it may generate revenue in 2005 that is close to last year?s 75.2 billion baht from its petrochemical business, while its gross profit margin could drop as raw material prices may grow faster than prices of plastic pallets. SCC, also the largest maker of olefin products, mainly ethylene and propylene, made about a third of its revenue from petrochemical operations, compared to its original concrete and cement business, ... |
SCG to make major change in management team29 March 2005, Published under Cement NewsThe Siam Cement Group (SCG) plans to make a major change in its management team, aimed at giving executives an opportunity to steer the group toward the future of stability. Abhiporn Pasawat, President of Cement Thai Chemical Product Co, an SCG affiliate, disclosed many top executives of the group had enrolled on the mutual separation programme (MSP) to allow the new-generation executives to manage the business to ensure steady performance of the group in the future. Among the participatin... |
Cimpor Sells 432,960 shares to employees29 March 2005, Published under Cement NewsPortuguese cement company Cimpor - Cimentos de Portugal sold a total 432,960 own shares to company’s employees, it was reported on March 25, 2005. The shares were sold at a price lower than the current price of Cimpor’s shares on the Portuguese stock exchange Euronext Lisbon. The company’s shares are currently sold on the stock exchange at 4.37 euro ($5.66) per share. After the operation Cimpor holds a total 4.319 million own shares, accounting for 0.64 pct of the company’s share capital. |
HeidelbergCement EBITDA improves29 March 2005, Published under Cement NewsIn 2004, HeidelbergCement managed to increase the operating profit at the EBITDA level by 19.0% to €1,219.3m on a turnover 8.8% higher at €6,929.4m. Although the net interest charge was 10.1% higher at €229.6m, the running profit before tax was 25.0% higher at €589.2m, but exceptional impairment charges, provisions and exchange losses led to a pre-tax loss of €151.7m as the new top management, brought in from outside, re-assessed the value of the assets. Capital investment amounted to €4... |
Buzzi Unicem improves its margins29 March 2005, Published under Cement NewsOn an underlying 1.8% increase in cement sales to 31.9Mt, the Buzzi Unicem group has reported a 7.4% increase in the operating profit at the EBITDA level to €710.6m. This compared with a corresponding increase in turnover of 2.7% to €2,771.6m. At constant exchange rates, turnover rose by 6.4% and EBITDA by 12.5%. The running profit before tax improved by 6.0% to €326.4m, in spite of higher pension provisions in the United Stated and in Germany but the net interest charge was little chan... |
HeidelbergCement sees slightly higher sales24 March 2005, Published under Cement NewsHeidelbergCement AG said Wednesday it will lower its dividend payment for 2004 after swinging to a net loss in 2004 as a result of extraordinary charges. The company said it moved ahead with measures for cost saving and restructuring to achieve better capacity utilisation in 2004, and continued to concentrate on core business and pursue the aim of becoming the regional market leader with its cement activities. In 2004, Group turnover increased by 8.8 per cent to Euro6.929bn (previous year:... |
Indocement suffers from Forex loss23 March 2005, Published under Cement NewsIndocement Tunggal Prakarsa suffered foreign exchange losses of IDR498 billion, reducing the net profit of the company to IDR116 billion. The financial report of the cement manufacturing company mentioned that the net profit of the company had significantly decreased from IDR670 billion on the previous year. In 2003, Indocement booked oreign exchange earning of IDR38 billion. Some analysts said that the performance of the company was surprising, especially on the foreign exchange loss... |