Cement News tagged under: corporate
Antitrust Authority to settle02 December 2005, Published under Cement NewsThe Israeli Antitrust Authority is about to sign a settlement with leading concrete companies, including Readymix Concrete Products (Israel) Ltd. and Hanson (Israel) Ltd., as well as the Manufacturers Association’s Society of Imported Concrete Manufacturers, to remove them from an indictment for collusion under the Restrictive Trade Practices Law. The draft settlement reportedly imposes restrictions on the concrete companies and the Society of Imported Concrete Manufacturers, which will pre... |
LVT enters into co-operation agreement with FLS02 December 2005, Published under Cement NewsLV Technology PCL has entered into a Co-operation Agreement with FL Smidth A/S of Denmark with respect to product research and development activities for the cement industry. As part of the Co-operation Agreement, FL Smidth has reached an agreement with a group of core shareholders of LV Technology PCL to acquire from this group which acquisition brings FL Smidth Group’s shareholding interest in LV Technology PCL close to 20 per cent. LV Technology PCL’s management structure and composition ... |
Taiheiyo Cement improves first half trading performance02 December 2005, Published under Cement NewsSome recovery in domestic cement deliveries, higher lime exports and the growing waste processing operations have enabled Taiheiyo Cement Corporation to increase turnover for the six months to the end of September by 3.5 per cent to Y427,652m (€3041m). The EBITDA emerged 18.8 per cent higher at Y43,311m (€308m) and thanks to a 5.1 per cent reduction in depreciation and amortisation charges, the trading profit improved 47.0 per cent to Y24,578m (€175m) and the profit before tax and exceptional... |
Thai Supreme Court rules against Prachai01 December 2005, Published under Cement NewsThe Supreme Court on Tuesday threw out Prachai Leophairatana’s petition to buy back into Thai Petrochemical Industry Plc (TPI), paving the way for PTT Plc and its allies to take over the country’s largest debt defaulter. The Supreme Court’s verdict has effectively brought to an end the seven-year saga surrounding Prachai’s stubborn and at times desperate attempts to reclaim control over the company his family founded. Earlier, there were fears in the financial markets that the court’s verdic... |
Florida Rock Industries announces record 4Q01 December 2005, Published under Cement NewsFlorida Rock Industries has announced record net sales, record net earnings and record diluted earnings per share for the fourth quarter and fiscal year ended September 30, 2005. Fourth quarter net earnings increased to $46,548,000 compared to $23,995,000 for the 2004 hurricane affected fourth quarter. Fourth quarter earnings included $139,000 of after-tax real estate gains and $2,346,000 of after-tax real estate gains from a litigation settlement, offset by a $723,000 accrual of an addition... |
Thai Holcim unit sets coupon30 November 2005, Published under Cement NewsThe Thai financial arm of Holcim Group has set coupons for a bond issue worth 8 billion baht ($194m) expected next week, a fund manager said on Wednesday. The secured bonds, the first issued by Holcim Capital (Thailand), would be divided into three tranches, with the 3-year issue carrying a coupon of 6.12 per cent, the fund manager close to the deal told Reuters. The second tranche of 5-year bonds would have a coupon of 6.48 percent and the last tranche of 7-year bonds would have a coupon ... |
Holcim CEO seeks to have case dismissed30 November 2005, Published under Cement NewsLawyers for the CEO of Holcim Ltd asked a court Tuesday to dismiss a fraud case alleging shareholder manipulation during the Swiss company’s purchase of a Dominican cement maker. The attorneys urged a judge to throw out the case against Markus Akermann, arguing that courts in Panama and Switzerland have already ruled that he and two associates committed no wrongdoing during Holcim’s buyout of Cementos Colon in the 1990s, Akermann lawyer Eric Raful said. Carlos Manuel Escalante, a forme... |
Kuwait Portland Cement net profit falls30 November 2005, Published under Cement NewsThe net profit of Kuwaiti cement trader Kuwait Portland Cement fell to 4.3m Kuwaiti dinars ($14.7m) in the first nine months of 2005 from 5.1m dinars ($17.4m) in the same period of 2004. The company registered a slight increase in net profit to 1.2m dinars ($4.1m) for the third quarter of 2005 from 1.1m dinars ($3.8m) for the same period of 2004. |
Greek cement firm Heracles 9-month net up30 November 2005, Published under Cement NewsGreek cement company Heracles, majority-owned by France’s Lafarge, reported an 85 per cent rise in nine-month net profit to Euro 86.2m on Tuesday. Third-quarter net profit rose by 215 per cent to Euro 67.2m, the country’s largest cement producer said in a statement, without giving a reason for the increase. Revenue in the nine-month period rose 1.6 percent to Euro 448m, with sales in the third quarter up 13 per cent to Euro 161.2m. Heracles has three cement plants in Greece, with total annua... |
Semapa posts lower profits30 November 2005, Published under Cement NewsConsolidated net profit of Portuguese industrial holding group Semapa stood at Euro 29m in the January to September 2005 period, the company said in a report to Portugal’s national securities regulator CMVM on November 28, 2005. The net profit for the said period was down compared to the preliminary projections of the economy analysts in the country. Portuguese investment banks Caixa - Banco de Investimento (Caixa BI) and Millennium bcp Investimento have earlier projected Semapa’s January to... |