Cement News tagged under: Corporate
Japan’s Taiheyo cement to introduce cash management system18 February 2004, Published under Cement NewsTaiheiyo Cement Corp is introducing a system to centralize cash management within its corporate group. Test operation of a cash management system was begun at the cement producer and 14 other group firms this fiscal year. The company aims to expand the system to cover more group firms next fiscal year, with 197 consolidated subsidiaries as candidates. The company expects the benefits of the system to be significant because of the large number of subsidiaries. But because the group cont... |
Ciments Français has a bad year in the United States18 February 2004, Published under Cement NewsCiments Français, the international arm of Italcementi, produced a turnover of €2898.9m last year, a drop of 1.1 per cent but representing an underlying increase of 3.4 per cent exchange rate movements and changes to the structure are taken into account. The operating profit at the EBITDA level was 4.2 per cent lower at €746.1m and the trading profit was off by 5.6 per cent at €528.6m. A 13.4 per cent drop in the net interest charge reduced the fall in the running profit before tax to 3.8 p... |
CRH stays silent on Portugal expansion17 February 2004, Published under Cement NewsCRH was not willing to comment yesterday on a Sunday Business Post report naming it as one of a number of parties considering an offer for a 41 per cent stake in Secil, Portugal’s second largest cement producer. Reports value the stake at €300-350m. Secil is reckoned to have an estimated 35pc market share, behind the market leader Cimpor, which has approximately 60pc. Secil is a subsidiary of Semapa, a Portuguese quoted company. CRH has investment teams working right across its marke... |
Wienerberger increases trading profit by a quarter16 February 2004, Published under Cement NewsWienerberger AG, the world’s leading brick manufacturer, increased turnover by 10.4% in 2003, to Eur1826.0m. Organic growth was around 4%, with the initial contribution from Koramic Roofing adding Eur108.6m while adverse exchange rate movements, principally the US dollar and the Polish zloty reduced the sales figure by Eur70.6m. The underlying growth reflected higher volumes in eastern Europe and better prices in parts of western Europe. In the United States, General Shale increased turn... |
Lafarge NA marks 20 Years of Trading On the Toronto Stock Exchange13 February 2004, Published under Cement NewsLafarge North America Inc., the leading supplier of construction materials in the U.S. and Canada, announced that Philippe Rollier, president and chief executive officer, will celebrate 20 years of trading on the Toronto Stock Exchange at the TSX Broadcast and Conference Centre and will open the Exchange with Barbara Stymiest, chief executive officer of TSX Group, on Friday, February 20 at 9:30 a.m. "Lafarge North America is proud to be listed on the Toronto Stock Exchange and to commemorat... |
Cementos de Valle13 February 2004, Published under Cement NewsColombian cement producer Cementos de Valle earned profits of 89.2bn pesos (US$32.6mn) in 2003, up 11.6% over 2002, Portafolio reported. The company has proposed a dividend of 228 pesos per share in six monthly installments between April-September. A shareholders meeting is scheduled for March 12. Cementos del Valle is based in Valle del Cauca and is controlled by Grupo Argos. |
Capital Group and Holcim13 February 2004, Published under Cement NewsIn accordance with Article 20 of the Federal Act on Stock Exchanges and Securities Trading (Stock Exchange Act), Holcim Ltd was informed by The Capital Group Companies, Inc., Los Angeles, CA, USA that it holds as a group, according to Article 15 of the Stock Exchange Act, for itself and for subsidiaries of its group 10.002 percent of the voting rights and of the registered share capital of Holcim Ltd. This equals 20,122,699 registered shares and voting rights. Holcim is one of the world’s lea... |
ACC India may sell its stake In Everest12 February 2004, Published under Cement NewsAssociated Cement Companies, India’s second-largest cement maker, plans to sell its 76.01 per cent stake in building products firm Everest Industries. ACC has initiated talks with prospective buyers which are in "preliminary stages," local Economist newspaper reports say. However, a senior ACC official, when reached by the newspaper, denied that the company has any intention to sell its stake in Everest Industries. "The company is doing well. We plan to continue with our equity investments in... |
Empresas Melon increases profits11 February 2004, Published under Cement NewsEmpresas Melon, the Chilean cement holding company which is owned by Lafarge, reported profits of Pesos$16,630mil in 2003, an increase of 6.7 per cent on profits of Pesos$15,589m in 2002. Operating profits increased by 7.7 per cent to Pesos$21,283m, helped by a 4.6 per cent rise in sales from Pesos$79,473m to Pesos$83,101m. Administrative and sales expenses increased by 19.6 per cent to Pesos$11,454m and operating costs increased by 0.4 per cent to Pesos$50,364m. Non-operating losses increase... |
French Vicat posts slightly higher turnover11 February 2004, Published under Cement NewsFrench building materials supplier Vicat SA reported a Euro1.463bn (US$1.863bn) turnover for 2003, a slight increase from Euro 1.462bn (US$1.862 bln) registered for the previous year. The group posted sales of Euro353.1m ($449.6m) for the fourth quarter of 2003, up 3.4 per cent year-on-year, the management said. |