Cement News tagged under: Corporate
Cemex net profit more than triples18 January 2005, Published under Cement NewsCemex said on Tuesday its net profit for October-December was US$334m, up from US$91m in the same period a year earlier, also boosted by foreign exchange gains versus a currency loss in the fourth quarter of 2003. Cemex had been expected to post a net profit of US$298m, according to a Reuters survey. Hector Medina, Cemex’s executive vice president for planning and finance, said the market was looking rosy for 2005, especially as Cemex’s cement prices rose 4 per cent on average in 2004 ... |
Inteko Pushka increases output18 January 2005, Published under Cement NewsIn October-December, Kramatorsk-based cement plant Pushka (Donetsk region) increased its production volume in comparative prices by 12.2 per cent or UAH 2.063m up to UAH 19.01m from the same period in 2003. According to the company, in October-December, the enterprise increased the output of cement by 29.3 per cent, or 32,900t up to 145,000t, and the output of clinker by 25.2 per cent or 21,400t up to 106,400t. The enterprise finished 2003 with net profits of UAH 4.023m. Its annual capa... |
Foreign shareholding up in cement sector18 January 2005, Published under Cement NewsForeign shareholding in Indian cement companies have gone up during the last quarter, indicating strong overseas investors’ confidence in Indian infrastructure sector as a whole and cement industry in particular. Foreign shareholding which includes foreign institutional investor, non-resident Indians (NRIs), overseas corporate bodies (OCBs), GDRs in some case, has gone up in leading companies such as Gujarat Ambuja Cement Ltd (GACL), Grasim Industries, ACC and India Cements. GACL wit... |
Aggregate speeds Holcim deal17 January 2005, Published under Cement NewsAggregate Industries, the UK-based construction products group, has speeded up the timetable for its takeover by Holcim and could announce a pounds GBP1.8bn agreed deal as early as Thursday. Holcim, the world’s second largest aggregates and cement group, started due diligence checks on Friday and is working through the weekend, with both sides hoping to agree a full takeover by the end of the week. The Swiss firm already has a 15 per cent stake in Aggregate and will return to the market this ... |
Brisk cement demand should provide TPI growth driver17 January 2005, Published under Cement NewsThailand: TPI Polene’s third-quarter earnings were a disappointment by any measure, but analysts expect better performances ahead for the cement maker on a return to full production after its plant shutdown in the quarter, and from continuing strong demand for cement. TPI Polene (TPIPL) posted a very weak net profit for the third quarter of 141 million baht, down 91 per cent year-on-year and 71 per cent quarter-on-quarter. The result was attributed to a fire at the company’s plant that force... |
Akmenes Cementas sales 200414 January 2005, Published under Cement NewsAkmenes Cementas, the only manufacturer of cement in Lithuania, has announced that its sales last year climbed 16.7 percent to 104.5 million litas (Euro 30.3m). Virginija Berezniak, a company spokesperson, told reporters that Akmenes Cementas expects sales in 2005 to grow to 111 million litas (Euro 32.2m). In 2004, the company sold 746,400t of cement, 24.6 per cent more than it sold in 2003. Domestic sales accounted for 67 per cent of the company’s total sales. Last year exports to Finlan... |
Colombian Argos closes sale14 January 2005, Published under Cement NewsColombian cement producer Cementos Argos closed a $110m deal for the sale of Colombian coal mine La Jagua to Swiss commodity company Glencore International, it was reported on January 13, 2005. The mine located in La Jagua de Ibirico, Cesar region, northeastern Venezuela, has 130Mt of thermal coal in reserves. Argos will use the resources from the sale to finance its international expansion in Latin America and the USA. Argos is part of Colombian largest industrial holding Grupo Empresarial... |
Lipetskcement produces more14 January 2005, Published under Cement NewsLipetskcement produced over 1.6Mt of cement in Jan - December 2004, a seven per cent rise against the same period 2003 when the plant made over 1.5Mt of cement, up 3.2 per cent compared to 2002, Eurocement Group press service reported. |
Corporates lend a helping hand14 January 2005, Published under Cement NewsAs the tsunami death toll continues to swell, corporate India is trying to chip in with relief and rehabilitation support. Gujarat Ambuja Cements Ltd has announced a sizeable contribution to the Prime Minister’s National Relief Fund. "Hundreds of thousands of people fought to survive the tsunamis on Sunday. Now we need to help them survive the aftermath. We hope this small contribution from Ambuja Cement will help in sharing the pain and agony of people devastated by this disaster," Gujarat A... |
Siam Cement Group reports operating results13 January 2005, Published under Cement NewsThe Siam Cement Group (SCG) has announced excellent financial results for the third quarter of financial year 2004, citing strong performance in most business units principally in the Petrochemicals Business. Mr. Chumpol NaLamlieng, President of The Siam Cement Public Company Limited (SCC), disclosed the unreviewed consolidated financial statements for SCC and subsidiaries for the third quarter of 2004 which showed total sales of 52,233 million baht, representing a 45% increase from the sa... |