Cement News tagged under: Corporate
Wienerberger spends €151m05 October 2004, Published under Cement NewsWienerberger is moving into manufacturing in Great Britain through the acquisition of ten facing brick works from venture capitalists Cinven and Royal Bank of Scotland for €145m and is investing a further €5.9m into the Ockley works that has not been producing for over a year. The business currently styled ‘thebrickbusiness, and formed by the merger of Chelwood Brick (Cinven and Ambion Brick (Royal Bank of Scotland) two years ago will in the future trade as Wienerberger and be back in the h... |
Cementos Molins reduces share capital04 October 2004, Published under Cement NewsAt the company’s annual general meeting, shareholders in Spanish cement producer Cementos Molins have agreed to reduce its share capital by 38.45 per cent, to 19.83 million shares. The share reduction will take place once the takeover bid for shares launched by the company has been completed. |
RATM-Holding acquires stake in Angarskcement04 October 2004, Published under Cement NewsRATM-Holding has acquired a 45 per cent stake in Angarskcement. The new acquisition will allow the holding to boost overall cement output to 2Mt a year. In 2004 Istimtsement, part of RATM-Holding, targets to produce 1.2Mt, while Angarskcement - about 800,000t. As was earlier reported, in early Sep 2004 RATM-Holding acquired a 50.5 per cent stake in Angarskcement, local news sources reported. |
Siam Cement’s annual sales01 October 2004, Published under Cement NewsSiam Cement expects to report increased profits in the third quarter. Although increased oil prices have meant higher expenses for cement production, demand has also increased. The prices of most of the products Siam Cement sells have risen considerably, especially petrochemicals. Siam Cement believes its annual growth rate will be higher than the earlier prediction of ten per cent. Siam Cement does not intend to acquire any other cement companies in the near future. Siam Cement is produ... |
Rinker CEO says on track01 October 2004, Published under Cement NewsAustralian heavy building materials company Rinker Group is still expecting 20 per cent profit growth in the current half year, as demand remains buoyant, its CEO David Clarke said on Thursday. Rinker, which makes about 80 per cent of its revenue in the United States and nearly 40 per cent in Florida alone, was not strongly affected by the recent hurricanes that have lashed the state, he told the 19th annual Merrill Lynch Australasia Investment Conference in New York. With the exception of... |
Cemex prices $291.6 mln note buyback01 October 2004, Published under Cement NewsMexico’s Cemex, the world’s No. 3 cement maker, fixed on Thursday the prices of previously-announced cash tender offers to buy back a total of $291.6 million in debt due in 2006 and 2009. The offers are for all $91.6 million outstanding 2006 notes and for all $200 million outstanding 2009 notes. Cemex said it will pay $1,163.88 and $1,211.10 for each $1,000 of principal of the 2006 and 2009 notes, respectively. Also, note holders who consent to the buyback before noon New York time on Oct.... |
NCC sells Danish ready-mixed business01 October 2004, Published under Cement NewsThe major Nordic construction group NCC has completed its withdrawal from ready-mixed concrete by selling its Danish subsidiary GH Beton A/S for DKr 110m (€15m) to a consortium of three Danish companies, including Randers Cement, the only independent cement importer into Denmark. The other two buyers, Bach Gruppen, a trading company and Deruda International, a housebuilder, are connected and already own DK Beton, which operates a ready-mixed concrete business on Jutland with five batching pl... |
Morocco’s Lafarge Ciments H1 profit up six per cent30 September 2004, Published under Cement NewsMorocco’s leading cement firm, Lafarge Ciments, reported first-half net profit up 6 percent but said this growth should fall to zero by year-end as sales growth declines and due to a special tax on cement sales. Turnover rose 4.2 percent to 1.44bn dirhams after 8.2 per cent growth in sales volumes, said the firm, controlled by conglomerate SNI and in which Lafarge is a main shareholder. Net profit reached 377m dirhams ($42m), the company said in a statement. Echoing comments by a... |
Siam Cement expects to beat 2004 sales target30 September 2004, Published under Cement NewsLeading Thai industrial conglomerate Siam Cement PCL said on it would beat its target of 10 percent sales growth in 2004 because of soaring prices for its petrochemicals products. Company president Chumpol NaLamlieng also said rising energy prices had squeezed margins for cement, but a jump in sales volume meant third-quarter net profit at the unit was up. The cash-rich firm was looking to cut debt further and pay dividends rather than make any big acquisition, while expanding export... |
Semapa H1 net 154.6 mln euros with one-time gains30 September 2004, Published under Cement NewsPortuguese cement company Semapa posted six-month profits of EUR154.6m, helped by one-time gains of EUR185.4m, compared with a profit of EUR20.7m euros the year before. Revenues were EUR220.2 million euros, compared with EUR213.6m euros in the first half of 2003. The company booked one-time gains from sales of stakes in Cimpor and in Semapa’s Secil unit. |