Cement News tagged under: corporate
Eurocem has clear-out at Baltsem15 July 2005, Published under Cement NewsThe shareholders of the Baltsem plant (Balakliia, Kharkiv region), one of the three major cement producers in Ukraine, abolished the plant’s board of directors at a meeting on July 7 and appointed Viktor s Khludeev as the plant’s director-general. Specifically, the shareholders removed Anatolii Panasenko, Oleksandr Kadyhrob, Viacheslav Fevronin, Oleksii Didenko, Volodymyr Yatskov, Dmytro Horshanov, Viacheslav Tertychnyi, Valentyna Levchenko, Marharyta Haivoronska, and Tymur Novykov from the... |
Texas Industries 4Q Net rises14 July 2005, Published under Cement NewsTexas Industries Inc.’s (TXI) fourth-quarter net income rose nearly 11 per cent on strong results from its cement business. In a press release Wednesday, the company posted net income of US$41.7m, or US$1.66 a share, up from US$37.6m, or US$1.59 a share, a year earlier. Sales grew nine per cent to US$567.5m, from US$519.9m a year earlier. Operating profit for the company’s cement, aggregate and concrete operations rose 79 per cent to US$55.5m from US$31m a year earlier. Sales for the seg... |
Cementos Lemona H1 2005 profit soars13 July 2005, Published under Cement NewsProfits of Spanish cement maker Cementos Lemona surged 98 per cent year-on-year to Euro 10m in the first half of 2005, the company said on July 12, 2005. The turnover of the company stood at Euro 58.2m, a rise of 27.3 per cent. Sales of cement and clinker increased 25.6 per cent to 428,578t. |
Jobs boost with plans for new Boral facility13 July 2005, Published under Cement NewsMore than 50 people will be employed at a new concrete plant and laboratory in Beresfield if plans for the A$3 million development are given the green light. Boral Resources (Country) has lodged a development application with Newcastle City Council to relocate its regional administration building and testing laboratory to a 8808sqm block in Holmwood Industrial Park at Beresfield. The application also includes a plan to build a new concrete batching plant on the site, which is expected to ope... |
Calcia buys three mortar production sites12 July 2005, Published under Cement NewsFrench cement producer Ciments Calcia, via its natural hydraulic lime subsidiary Socli, has acquired the three Mauer mixing plants for production of dry mortars in bulk, from construction company Webert et Broutin, it was reported on July 8, 2005. The three units are located in Cormeilles-en-Parisis, near Paris, Vendargues, southern France, and Wasselonne, northeastern France. In 2004, they generated an Euro 8.0m total turnover, with output of 100,000t of mortars. |
Cimpor – the plot thickens11 July 2005, Published under Cement NewsSpokesmen for Cimpor Portugal said Fundacao Joe Berardo sold 22m shares in the company on July 5, retaining 29,680,539 shares corresponding to 4.42 per cent of share capital and 4.45 per cent of the voting rights. At Friday’s closing price of Euro 4.55 per Cimpor share, the sale would have raised Euro 100m for Berardo. Cimpor has been the subject of takeover speculation since shareholders voted in April to scrap the 10 pct limit on voting rights, at the instigation of French cement maker... |
James Hardie Sells Chilean Business11 July 2005, Published under Cement NewsAustralian construction materials company James Hardie Industries Ltd, has sold its Chilean unit Fibre Cement to local construction materials company Compania Industrial El Volcan SA, for US$15.8m it was reported on July 11, 2005. The sum will be paid partly in cash and partly in foreign debt assumption, according to James Hardie’s chief executive Louis Gries. The sale will be immediate and is not expected to harm the profits of the Australian company. James Hardie started operations in... |
US-Based Capital Group raises Holcim stake11 July 2005, Published under Cement NewsHolcim said Monday that Los Angeles, CA-based Capital Group raised its stake in the cement producer to 10 per cent from 9.9 per cent. Capital Group is a mutual fund manager. |
Chia Hsin Cement major unit’s June revenues11 July 2005, Published under Cement NewsChia Hsin Cement Greater China Holding Corp said its wholly-owned unit China Hsin Jingyang Cement Co recorded net operating revenue of 61.82 mln yuan for June. The company did not give comparative figures. China Hsin Jingyang is the "major operating subsidiary" of Chia Hsin Cement and "contributes substantially" to the company, it said in a statement. Chia Hsin Cement is ultimately controlled by Taiwan’s Chia Hsin Cement Corp, which owns a 71.71 per cent stake in the company. |
Texas Industries and Chaparral spin-off08 July 2005, Published under Cement NewsBuilding materials producer Texas Industries Inc. said on Thursday that its board has approved the spinoff of its Chaparral Steel Co. unit in a tax-free stock dividend. Texas Industries shareholders will receive one share of Chaparral for each share they own in a distribution to be completed on July 29. The spinoff will leave Texas Industries with cement, aggregate and concrete operations. |