Cement News tagged under: corporate
Steppe Cement Limited - Director Appointment04 May 2006, Published under Cement NewsSteppe Cement Limited confirms that Keith Robert Newman will join its board of directors effective from today as a non-executive. Mr Newman is 56 years of age and has a background as a professional engineer including 30 years experience in director and general manager roles in industry sectors including construction materials. |
O’Mahony to lead CRH for two more years04 May 2006, Published under Cement NewsCRH chief executive Liam O’Mahony is to stay in his post for at least two more years, shareholders were told at the annual general meeting of the group yesterday. Chairman Pat Molloy pointed out that while normal practice had seen previous chief executives retire when they reached the age of 60, "there was not a rigid policy in this regard." Mr O’Mahony has been at the helm of the company for six years and has agreed to stay on in the role until the middle of 2008. |
CCC settles half of claims received03 May 2006, Published under Cement NewsCaribbean Cement Company says to date it has resolved up to 50 per cent of the claims for compensation issued by customers. Speaking on RJR’s Hotline programme on Tuesday, General Manager of Caribbean Cement, Anthony Hanes, said the company received over 150 claims for faulty cement purchased from the company. He says those persons have either been compensated or have made agreements with the company for reimbursement. |
Cement stocks shaken on fears of export ban03 May 2006, Published under Cement NewsCement stocks fell from their high peaks on the bourses on Tuesday, following reports of the Government planning to ban exports of the product. Union Commerce Minister on Tuesday warned that cement exports would be banned in view of zooming prices of the commodity. The index-heavy and cement segment leader Associated Cement Co, led the fall on agressive selling by funds to book profits at existing higher levels. ACC shares had surged to an all-time high level of Rs 1060.90 before ending at... |
Lafarge sales in Romania03 May 2006, Published under Cement NewsLafarge’s sales in Romania rose 15.4 per cent on the year in the first quarter of 2006, the company said on May 3, 2006. The sales increase in the first quarter of 2006 was due to a 13.8 per cent rise in delivery of construction materials, price hikes and a number of changes on the specialised Romanian market whose cumulative contribution to the group’s sales increase was of 1.6 per cent. Cement consumption in Romania grew 10 per cent in 2005 compared to 2004 and the average price per ... |
Holcim Indonesia reports higher profits03 May 2006, Published under Cement NewsThe country’s third largest cement producer PT Holcim Indonesia reported Rp219.92 billion (US$24.5m) in net profit in the first quarter of this year as against a net loss of Rp138.95 billion in the same period last year. The improvement in performance was attributable mainly to a foreign exchange gain of Rp338.6 billion in the first three months of this year as against loss of Rp74.78 billion in the same period in 2005, the publicly traded company said in a report. Efficiency also c... |
St Lawrence cuts Q1 losses03 May 2006, Published under Cement NewsSt Lawrence Cement Group has recorded sales of US$178.1m for the first quarter of 2006 compared with US$140.3m for the same period last year, an increase of 26.9 per cent. The higher sales reflect the strong demand and higher selling prices for construction materials in the quarter. Sales volumes of cementitious products, total and ready-mix concrete increased in the first quarter compared with last year, reflecting an early start to the construction season as a result of good weather con... |
Chile producers post Q1 gains03 May 2006, Published under Cement NewsCementos Bío Bío saw net profits jump 20.1 per cent to 7.13bn pesos (US$13.9m) in the first quarter compared to 1Q05, while Cemento Polpaico and Grupo Melón’s profits grew 12.8 per cent and 0.79 per cent, respectively, to 6.14bn pesos and 8.31bn pesos. Polpaico saw revenue climb 3.57 per cent to 36.3bn pesos and operating profit edge up 1.62 per cent to 7.22bn pesos; while Melón’s revenue grew 12.2 per cent to 44.6bn pesos and operating profit rose 12.5 per cent to 9.23bn pesos. In ... |
Taiwan Cement producers earnings on the rise02 May 2006, Published under Cement NewsTaiwan Cement Corp. and Asia Cement Corp., Taiwan’s two leading producers of cement, raked in handsome profits last year and will see their earnings further trend upward in the months to come. Of domestic cement producers, Asia Cement was the most profitable with earnings per share hitting NT$2.82 (US$0.088 at US$1:NT$32) last year. Taiwan Cement posted NT$1.97 (US$0.06) in EPS for 2005, the highest record over the past 10 years. Thanks to the increase of orders in core business and earnin... |
Indonesia Indocement Q1 net profit up02 May 2006, Published under Cement NewsIndonesia’s second-largest cement maker, PT Indocement Tunggal Prakarsa Tbk , posted a 10.1 per cent increase in first-quarter net profit, thanks to strong cement sales and foreign exchange gains. However, higher costs pushed Indocement’s income from operations down by 0.42 per cent to 270.4 billion rupiah (US$30.87m) and cut operating margins to 18.9 per cent from 22.6 per cent, the company said in a statement late on Monday. Operating expenses have been soaring for many businesses in the ... |