Cement News tagged under: corporate
Holcim Indonesia swings to profit in 2006 on strong rupiah16 March 2007, Published under Cement NewsPT Holcim Indonesia, a unit of Swiss cement maker Holcim Ltd, returned to profitability in 2006 as foreign exchange gains offset weaker operating results. Holcim said it booked net profit of IDR175.95bn last year against a loss of IDR334.08bn in 2005. Thanks to a stronger rupiah, the company posted forex gain of 383.12 bln rupiah last year, reversing a loss of IDR247.19bn in 2005, as the firmer currency reduced payments on its dollar-denominated debt. That helped the cement ... |
Cemex provides guidance for the first quarter of 200716 March 2007, Published under Cement NewsCemex announced today that it expects EBITDA for the quarter ending March 31, 2007 to be about US$830m an increase of close to 2% versus the same period last year, while operating income is expected to be close to US$520m, 6% lower than the same period a year ago, due to higher depreciation and amortization charges during the quarter. For the first quarter, Cemex expects sales of close to US$4.2bn, an increase of close to 7% versus the same period a year ago. Rodrigo Treviño, Cemex’ Chief F... |
Mexico’s Cemex hit by souring US mortgage sector15 March 2007, Published under Cement NewsCemex has seen its share price fall four per cent this week on concerns that trouble brewing in the US housing sector could hurt future sales. The United States is Cemex’s biggest market, but a crisis in the subprime mortgage market there is driving concerns that the US housing market as a whole could deteriorate more than previously expected. Rising defaults by US homeowners have led at least two dozen companies to close shop in the US subprime market, which finances buyers with poo... |
Lafarge Moldovan unit net profit down 15.6% in 200615 March 2007, Published under Cement NewsThe net profit of Moldovan cement producer Ciment, majority owned by Lafarge, fell by 15.6% last year to 43m lei ($3.4m), the company said on Wednesday. Ciment, located in the northern town of Rezina, had a 296.7 million lei statutory capital at the end of 2006. Lafarge bought 51% in Ciment in 1999 for $200,000 (EUR151,607) and pledged to repay the company’s debt of 38 million lei and to invest $12m in the modernisation of the plant. Lafarge owns 71.4% in the company now. |
Cimpor 2006 profit seen at EUR276m14 March 2007, Published under Cement NewsCimpor’s net profit is seen at EUR276m, up 3.8 per cent, according to the average projections of a poll of five analysts, reported by local business daily Diario Economico. The analysts see the profit varying between EUR267.1m and EUR282m, versus the EUR266m profit reported by the company for 2005. Revenues, in turn, are seen varying between EUR1.617bn and EUR1.672bn, with EUR1.636bn on average. In 2005 the company posted a revenue of EUR1.535bn. The average projections for EBITDA are see... |
Lafarge bought back EUR70.57m worth of own shares13 March 2007, Published under Cement NewsLafarge SA has bought back EUR70.57m worth of its own shares between March 5 and March 9, the Paris stock-market regulator Autorite des Marches Financiers said Monday in a statement. In total, Lafarge bought back 630,000 of its own shares at an average price of EUR112.01 per share, it said. |
Complant sells 77% shares in Dingxin Cement for RMB480m13 March 2007, Published under Cement NewsChina National Complete Plant Import and Export Corporation announced today that the company successfully transferred 77.7% of the shares it held in Luquandongfang Dingxin Cement Company to BBMG Group for RMB481.15M on the Beijing Equity Exchange. |
Turkish Akcansa 2006 net profit rises by a quarter12 March 2007, Published under Cement NewsTurkish cement producer Akcansa said its net profit rose by a quarter to TRL146.5m (US$103.15m) in 2006 from a year earlier, boosted by strong domestic sales. Sales jumped 40 per cent to TRL577.5m (US$406.6m), the company said in a statement to the Istanbul Stock Exchange on March 9, 2007. Akcansa sold over 1Mt of cement on the local market, up by 30 per cent from 2005 and sales of ready-mixed concrete went up by 21 per cent. In 2007, the company will continue its US$135m (E... |
Cemex gets FDI nod for Rinker bid08 March 2007, Published under Cement NewsCemex has reportedly received foreign investment approval from the federal government for its hostile takeover bid for Rinker Group Ltd. Subsidiary Cemex Australia Ltd announced today that a defeating condition of its offer relating to Australian foreign investment approval had been fulfilled. Rinker has urged its shareholders to reject Cemex’s US$12bn (A$15.4bn) offer, which it described last November as "far too low". |
Ciments Francais net rises 19%08 March 2007, Published under Cement NewsCiments Francais, a unit of Italy’s Italcementi, reported a 19 per cent rise in full-year 2006 net profit to EUR502m, on previously announced sales of EUR4.381bn, up 21.8 per cent from 2005. The group benefited from the strong surge in operations in the emerging countriesin both the Mediterranean Rim and Asia, with the sole exception of Thailand, it said. Operating profit rose 35.2 per cent to EUR871.3m, and the group is proposing to raise the dividend to 2.28 eur per share from the previo... |