Cement News tagged under: Corporate
St. Lawrence Cement 4Q decline04 February 2005, Published under Cement NewsSt. Lawrence Cement Group Inc reported a 9.2 per cent decline in fourth-quarter earnings, due to a lower-than-expected contribution from construction materials as a result of poor weather in December. In a press release, the company also noted that it had "exceptionally strong" sales in December 2003 in this segment. It said fourth-quarter operating profit declined to C$36.9m from C$42.2m a year earlier, due to the unfavorable sales mix, additional costs associated with an unscheduled ... |
Readymix rises fast03 February 2005, Published under Cement NewsReports that Readymix, the quoted Irish concrete products group, may be about to become the centre of corporate activity intensified yesterday when the share price pushed ahead by another five per cent. The stock has risen by 18 per cent in the past two days, closing yesterday at an all-time high. For a company that had two profit warnings last year, the latest of them less than two months ago, this level of investor support is unusual, to say the least. Readymix is almost 62 per cen... |
EAPC gives results details03 February 2005, Published under Cement NewsEast African Portland Cement yesterday announced a return to profit in its half-year results. Established back in 1933, the company produces 600,000t of cement annually, selling under Blue Triangle Cement brand name. The pre-tax profit rose to Sh360 million between July and December last year, a turnaround from a Sh508 million loss during the same period in 2003. The firm’s managing director, Ole Mapelu Zakayo attributed the better performance to an increase in cement demand, and produc... |
Shiva Cement January 2005 despatches up03 February 2005, Published under Cement NewsShiva Cement Ltd., has informed the Mumbai Stock Exchange that the despatch of cement & clinker in the month of Jan 2005 has increase by 21 per cent in comparison to Jan 2004 and has increase by 10.8 per cent in comparison to previous month, Dec 04. |
ACC releases production, despatches figures for Jan 200503 February 2005, Published under Cement NewsAssociated Cement Companies Ltd, has announced that in January 2005 cement production was 1.494Mt. Cement despatches at 1.505Mt. In January 2004 cement production was lower at 1.420Mt while cement despatches lower at 1.398Mt. In the April-January 2005 period production was 13.655Mt while despatches were noted at 13.615Mt |
Cauê begins US$138mn debentures issue02 February 2005, Published under Cement NewsCamargo Corrêa Cimentos (Cauê), the cement unit of Brazilian construction firm Camargo Corrêa, began a 360m-real (US$138m) debentures issue Tuesday, Cauê said in a filing to the country’s securities regulator (CVM). Local bank Banco Pactual is the lead coordinator for the issue that involves 36,000 bonds priced at 10,000 reais each. The debentures are split into two series, the first for 10,000 bonds that expire 2007 and a second series for the remaining bonds that expires 2009. Camargo... |
Buzzi buys more of Dyckerhoff02 February 2005, Published under Cement NewsBuzzi Unicem announces the purchase of 5,000,000 Dyckerhoff’s ordinary shares, equal to 24.19 per cent of the voting capital. The shares relate to the put option exercised on December 28, 2004 by IMI Finance Luxembourg S.A., a fully owned subsidiary of Banca IMI. The put option was originally granted by Buzzi Unicem to Banca IMI by virtue of the agreements signed in November 2002.The shares were transferred to the German company Buzzi Unicem Deutschland GmbH, a 100 per cent subsidiary o... |
Tourah Cement: major profit gain01 February 2005, Published under Cement NewsThe net profit of Egyptian cement company Tourah Cement Co is seen to rise 159.2 per c year-on-year to 142.52m Egyptian pounds (US$24.7m) in 2004, according to analysis prepared by the local company Prime Securities. The estimate is based on a revenue of 633.25m pounds (US$109.8m) in 2004, up 24.1 per cent year-on-year. Tourah Cement was established in 1927 and was listed on the Cairo and Alexandria Stock Exchanges (CASE) in 1995. Egyptian cement producer Suez Cement owns some 6... |
Tangshan Jidong Cement acquires parent company unit01 February 2005, Published under Cement NewsTangshan Jidong Cement Co Ltd said its board has decided to acquire a transport unit belonging to Hebei Jidong Cement Group, its parent company, for 44.11m yuan. Tangshan Jidong Cement said in a statement that the transport unit, which it will buy outright, posted a net profit of 2.45m yuan in 2004, when its total revenue stood at 63.07m. Hebei Jidong Cement Group owns a controlling 62.94 per cent stake in Tangshan Jidong Cement. (US$1 = 8.3 yuan) |
Votorantim Cimentos invests US$220m01 February 2005, Published under Cement NewsVotorantim Cimentos is dedicating US$220m investments to improve the logistic area in 2005, US$140m of which will go to Brazil. In 2003, the Brazilian cement manufacturer invested R$400m. Votorantim Cimentos believes that income may have reached R$4.8bn in 2004. Meanwhile it is inaugurating a new distribution center in Pernambuco state and is constructing a further unit in Salvador (Bahia state), investing R$6.5m in both enterprises. Last year, the company invested R$2.7m in the Cimesa... |