Cement News tagged under: Corporate
Siam Cement shares to pay record dividend27 January 2005, Published under Cement NewsSiam Cement Group (SCC), the country’s largest industrial conglomerate, yesterday announced that it would pay an annual dividend of 15 baht per share -- the group’s highest ever -- thanks to record high sales and profits. However, the group added that it expects slower growth this year. Chumpol NaLamlieng, the group’s president, said last year’s operating performance recorded dramatic gains compared to the previous year. The full year 15-baht dividend, which is equal to a turnover yield o... |
Cementos Lima 2004 net rises 0.8 per cent27 January 2005, Published under Cement NewsFourth quarter and year earnings ended Dec. 31, 2004 rose 0.8 per cent at Cementos Lima which holds a 82 per cent of the domestic market. The company said on Wednesday it would pay a dividend of $0.14 per common share for investors who bought Cementos Lima stock before Feb. 14, 2005. |
Chile stocks up on construction gains27 January 2005, Published under Cement NewsChile stocks rose on Wednesday partly on market enthusiasm of a construction boom driven by strong internal demand. Construction company Volcan climbed 10.34 per cent to 1,600 pesos per share and cement maker Cementos Bio Bio rose 3.57 per cent to 1,450 |
Torah Cement releases 9M results27 January 2005, Published under Cement NewsTorah Cement, Egypt, released 9M FY04 results ending September, in which net income came in at an impressive LE144.1 million, reflecting a 3.8x y-o-y surge over the LE38.3 million realized in 9M FY03. The bottom line advance stemmed from several compounding elements; sales revenues jumped an annual 25.9 per cent to arrive at LE461.1 million, versus a previous LE366.1 million, while the COGS/Revenues ratio calculated 53 per cent, implying substantial improvement down from 71 per cent over t... |
Lafarge withdraws from Cemento Avellaneda27 January 2005, Published under Cement NewsLafarge has withdrawn from Cemento Avellaneda, the Argentinean cement company. According to market sources, Lafarge has just sold its 43 per cent stake in Molins, the Spanish company through which it held a 50 per cent stake in the Argentinean company. The other 50 per cent stake is held by Spain’s Uniland. Cemento Avellaneda is Argentina’s third largest cement company, with a 16 per cent share in the local market. The leading players are Loma Negra (48%) and Minetti (33%). Lafarge remains in... |
Titan unit seeks more of Egypt firm27 January 2005, Published under Cement NewsAn Egyptian company controlled by Lafarge (and Greece’s Titan has offered to buy an 11.55 per cent stake in Egypt’s Alexandria Portland Cement , the bourse said on Wednesday. A statement from the stock exchange said Beni Suef Cement was offering to buy 1,385,863 million shares in Alexandria cement at 30 pounds ($5.14) a share, valuing the offer at about 41.6 million pounds. Lafarge and Titan, which have a controlling interest in Beni Suef, also own a controlling stake in Alexandria Cement... |
Florida Rock Industries: 1Q results26 January 2005, Published under Cement NewsFlorida Rock Industries, Inc today announced net income of $30,087,000 or $0.68 per diluted share for the first quarter of fiscal year 2005 versus $32,128,000 or $0.73 per diluted share for the first quarter of fiscal year 2004. The first quarter of fiscal year 2004 included real estate gains from the sale of the balance of the Company’s Naples, Florida closed quarry site which amounted to $8,273,000 of after tax gain or $.19 per diluted share. Consolidated total sales for the quarter i... |
HeidelbergCement to take on Indocement commitments26 January 2005, Published under Cement NewsHeidelbergCement AG said it will take over a credit obligation of more than US$150m for its Indonesian subsidiary Indocement Tunggal Prakarsa . A spokeswoman for HeidelbergCement said it is a restructuring of an existing credit agreement, with Indocement to repay HeidelbergCement the sum in Indonesian rupiah. She said the move was made to protect Indocement from currency fluctuations. |
Camargo Correa Cimentos issues $112m in debentures26 January 2005, Published under Cement NewsBrazilian cement maker Camargo Correa Cimentos has launched a debenture issue worth 300 mln Brazilian reais ($112m) in the domestic market, an operation aimed at funding the company’s expansion plans. According to sources familiar with the situation, the cement maker’s owners are planning to turn the company into the third biggest cement producer in Brazil with presence in neighbouring Argentina. Camargo Correa Cimentos now produces 2.8Mt of cement per year and has 8.0 per cent of the ... |
Holcim says treasury share sale concluded25 January 2005, Published under Cement NewsHolcim has sold treasury shares amounting to about 430 million Swiss francs ($364m), the Swiss cement maker said on Tuesday, as it is bidding for Britain’s Aggregate Industries and for India’s Associated Cement Companies Ltd. The world’s second-biggest cement maker said the shares had been successfully placed in the market in the past few days. |