Cement News tagged under: corporate
Except for North America, Italcementi has an excellent start to the year08 May 2007, Published under Cement NewsWith only North America and Thailand showing lower domestic cement deliveries, Italcementi’s first quarter cement and clinker shipments increased by 7.6% to 15.3Mt. Yet higher volume growth was registered in the downstream operations, with deliveries of aggregates and ready-mixed concrete being ahead by 10.7% to 14.4Mt and by 11.4% to 5.4Mm³ respectively. Group turnover rose by 9.9% to EUR1418.0 and the running EBITDA increased by 6.4% to EUR282.6m, with the trading profit rising by 12.4% t... |
Kind European winter gives Dyckerhoff strong start08 May 2007, Published under Cement NewsThe separately quoted Buzzi Unicem subsidiary Dyckerhoff had a very good start to the year, with volumes well ahead in all countries with the exception of the USA, where there was a 17.8% drop, and prices rose in all countries with the exception of the Czech Republic. In spite of the North American decline, group cement deliveries were 23.2% higher at some 3.4Mt and the ready-mixed concrete volume was 50% higher at 1.2Mm³. The underlying turnover was 31.0% higher at EUR295m, while the corre... |
Kuwait Cement Q1 net profit more than triples08 May 2007, Published under Cement NewsKuwait Cement posted a first-quarter profit of 15.6 million dinars ($53.96m), up more than threefold from the same period a year earlier. Kuwait Cement made 4.7 million dinars in the first-quarter of 2006. Earnings per share rose to 33.39 fils from 10.09 fils, the firm said on Sunday in a statement on the Kuwait bourse Web site. There are 1,000 fils to the dinar. The earnings include unrealised profit of 3.8 million dinars, the company said. |
Binani Cement taps market, India08 May 2007, Published under Cement NewsBinani Cement has entered the capital market with a public issue of 2.05 crore equity shares of Rs. 10 each. The issue is through an offer for sale by JP Morgan Special Situations (Mauritius) Limited. The subscription list is open from May 7 to 10 and the price band has been fixed between Rs. 75 and Rs. 85 per equity share. Addressing presspersons here on Monday, D. Sundararajan, Executive Director of the company, said JP Morgan had invested Rs. 120 crore in equity shares of the company in ... |
CRH controls 99.49% of the Gétaz Romang shares08 May 2007, Published under Cement NewsCRH plc announced that at the end of the public tender offer acceptance period for Gétaz Romang Holding, which expired on 3 May 2007, 99.24% of the publicly outstanding shares had been notified for acceptance. Taking into account the shares purchased by CRH in the marketplace prior to the publication of the offer, the shares conditionally purchased from Messrs. Miauton and Mottier and the shares held in treasury, subject to the remaining conditions to the offer being fulfilled or waived, CR... |
Titan has a strong start to the year in Greece and in Bulgaria04 May 2007, Published under Cement NewsTitan’s first quarter turnover improved by 2.1% to EUR342.1m and the EBITDA rose by 10.7% to EUR 88.9m. Shipments of cementitous materials advanced by 6.9% to 3.57Mt and aggregates deliveries increased by 3.5% to 4.97Mt. However, the weakness in the US markets served by Titan led to a 3.7% decline in ready-mixed concrete volumes to 1.31Mm³. Net debt at the end of March stood at EUR 524m compared with €363m a year earlier after having spent EUR 266.5m on acquisitions and capital e... |
Tasek Corp sells stake in Jurong Cement03 May 2007, Published under Cement NewsTasek Corp Bhd said it has disposed of its 17.4 per cent stake in Singapore-listed Jurong Cement for S$16.19m or S$2.10 per share. Tasek said the disposal is expected to result in a gain of S$12.2m. |
Holcim nearly doubles first quarter net profit03 May 2007, Published under Cement NewsThe world’s biggest cement makers, on Thursday reported a 94 per cent increase in its first quarter net profit to 530 million Swiss francs (Euro 331m)), fuelled by the booming construction industry in Asia, Europe and Africa. First quarter net sales increased by 23.8 per cent compared to the same period last year to 5.73 billion Swiss francs despite a slowdown in house building in the United States, Holcim said in a statement. Cement sales by volume increased by 24.5 per cent to 34.6Mt wit... |
Austria’s RHI says Q1 operating profit up 33 per cent03 May 2007, Published under Cement NewsAustrian refractory speciailist RHI posted a 33 per cent rise in first-quarter operating earnings as it sold more products to the booming global steel industry. Earnings before interest and tax (EBIT) rose to 42.1 million euros ($57.4 million) in the quarter to March, RHI said on Thursday. Sales expanded 10 percent to 361 million euros, helped by a 14 percent increase in sales of its Steel unit. RHI said the consolidation of its client industries -- mainly makers of steel, cement and... |
Indonesian cement companies post slight declines in profits03 May 2007, Published under Cement NewsA sharp fall was recorded in the net profit of three publicly listed cement companies on the average in the first quarter of this year over the same period last year. The decline in performance was attributable to foreign exchange loss and rising production cost with surge in oil fuel prices. State-owned Semen Gresik however, posted an increase of 14.8 per cent in net profit to Rp329.9 billion thanks to its success in strategy using coal instead of expensive oil as fuel. The country’s larg... |