Cement News tagged under: Corporate
Gujarat Ambuja exits AP cement firm16 February 2005, Published under Cement NewsThe Gujarat Ambuja group, which had entered a strategic alliance with the world’s second largest cement maker, Holcim, to make an open offer for ACC, has quietly divested its 7%-plus shareholding in Hyderabad-based Priyadarshini Cements, now known as Rain Commodities. GACL, which had acquired the shares in the Reddys-controlled Southern cement manufacturer some years ago, recently sold the shares through the stock market. The shares were held by Gujarat Ambuja Cements and GACL Finance. GAC... |
Japan’s Taiheiyo Cement 9 month data16 February 2005, Published under Cement NewsTaiheiyo Cement Corp’s nine months to December results: Revenue - 634.6 bln yen vs 649.4 bln Operating profit - 33.2 bln Current profit - 25.2 bln Net profit - 14.6 bln EPS - 15.71 yen There were no comparative profit figures because the company only started to compile quarterly results in the current fiscal year. The company provided the following forecast for the full year to March 2005 compared with previously announced projections: Revenue - 865 bln yen vs 865 bln Current profit - 36 bln ... |
Holcim Romania Launches Online Construction Guides16 February 2005, Published under Cement NewsHolcim Romania, a subsidiary of Swiss cement company Holcim Ltd, launched online miniguides addressing professional building companies, architects and other users with interests in the construction industry, the company said on February 15, 2005. The miniguides, a novelty in the cement industry, are offered on the company’s website www.holcim.ro for download and include information about the use of cement and graphic illustrations. The website also provides information about constructio... |
Cemex RMC buy gets conditional FTC approval15 February 2005, Published under Cement NewsMexican cement maker Cemex has won conditional approval from the US Federal Trade Commission to proceed with its planned US$5.8bn purchase of Britain’s RMC Group PLC. Approval from US trade officials is just one of many regulatory hurdles Cemex must clear before completing its takeover of RMC, a move that will vastly strengthen Cemex’s foothold in Europe. The Federal Trade Commission said final approval of the mega-merger hinges on Cemex’s sale of RMC’s ready-mix concrete business in Tucso... |
Yanbu Cement board recommends dividend15 February 2005, Published under Cement NewsThe management board of Saudi cement producer Yanbu Cement Company (YCC) proposed on February 3, 2005 a cash dividend payment of 20 Saudi riyals ($5.33) per share for 2004. The total dividend for the year equals 40 per cent of the company’s capital. The issue is subject to shareholders’ approval. YCC paid a cash dividend 17.5 riyals ($4.67) per share for 2003. YCC posted a net profit of 427 mln riyals ($113.9m) for 2004, up from 377 mln riyals ($100.5m) in 2003. |
Buzzi Unicem’s underlying cement sales higher14 February 2005, Published under Cement NewsThe Buzzi Unicem group sold 31.9Mt of cement in 2004, unchanged in absolute terms, but up by 1.8 per cent on a comparable structure, after allowing for the divestments by Dyckerhoff in the early part of last year. Ready-mixed concrete deliveries rose by 3.3 per cent to 15.2m m³. The turnover from continuing operations was 2.6 per cent higher at €2771.6m. If exchange rate movements are stripped out, the underlying increase in turnover amounts to 6.4 per cent. The trading profit, which will... |
Kuwaiti Hilal Cement profits fall14 February 2005, Published under Cement NewsThe net profit of Kuwaiti cement and building materials trader Hilal Cement Company fell to 1.76n Kuwaiti dinars (US$6.0m) in 2004 from 2.25m dinars (US$7.7m) in 2003. The company’s earnings per share (EPS) declined to 53.5 fils ($0.183) in 2004 from 68.3 fils ($0.234) in the previous year. Hilal Cement board of directors met on February 9, 2005 and proposed a cash dividend of 30 fils ($0.103) per share for 2004. The proposal is subject to approval by the company’s shareholders. Hilal Ceme... |
Buzzi Unicem’s underlying cement sales 1.8% higher at 31.9Mt11 February 2005, Published under Cement NewsThe Buzzi Unicem group sold 31.9Mt of cement in 2004, unchanged in absolute terms, but up by 1.8% on a comparable structure, after allowing for the divestments by Dyckerhoff in the early part of last year. Ready-mixed concrete deliveries rose by 3.3% to 15.2Mm3. The turnover from continuing operations was 2.6% higher at EUR 2,771.6m. If exchange rate movements are stripped out, the underlying increase in turnover amounts to 6.4%. The trading profit, which will be announced with the full ... |
Vicat turnover at EUR 1.61bn in 2004, France10 February 2005, Published under Cement NewsFrench building materials supplier Vicat SA reported a turnover of EUR1.61bn (US$2.1bn) for 2004, up 9.7 per cent YoY. Vicat’s turnover stood at EUR380.4m (US$485.6 mln) in the last quarter of 2004, a 6.4 per cent increase, compared to the same period of 2003. The group forecast an unspecified year-on-year increase in its 2004 results. Vicat operates cement and concrete plants, and quarries worldwide. The group is also active in specialty chemicals, transport and engineering, an... |
Mangalam Cement revival plan gets BIFR nod10 February 2005, Published under Cement NewsThe Board for Industrial and Financial Reconstruction (BIFR) has given its nod for an Rs 213-crore revival package for Mangalam Cement Ltd (MCL). The cut-off date for the scheme is April 1. The scheme envisages a one-time settlement of dues to financial institutions. As per the scheme, the secured lenders are to be Rs 122.13 crore by September, settling on full and final basis their entire liabilities. The scheme envisages a capital expenditure of Rs 70 crore for a power plant. ... |