Cement News tagged under: corporate
Lafarge Q1 sales up 2.2 per cent04 May 2005, Published under Cement NewsLafarge reported a 2.2 per cent rise in first-quarter sales on Wednesday on improved prices but bad winter weather in Europe offset some of these gains. Lafarge generated sales of 2.945 billion euros ($3.79 billion) in the three months to end-March, compared with 2.881 billion a year ago, a 1.9 percent rise on a like-for-like basis which strips out acquisition, disposal and currency effects. Industry analysts caution that first-quarter sales figures are little representative of full-year... |
PTT to buy 30 per cent of TPI04 May 2005, Published under Cement NewsPTT Plc said it planned to buy 30 per cent of Thai Petrochemical Industry (TPI) at Bt3.30 per share, more than 65 per cent below the current market price. PTT, which is among the potential buyers of shares in TPI - the country’s largest corporate debt defaulter - informed the Stock Exchange of Thailand of the planned purchase price yesterday evening. TPI, which operates Asia’s largest petrochemicals complex, is restructuring US$2.7 billion (Bt107 trillion) of debt, which involves tie... |
St. Lawrence Cement Group 1Q04 May 2005, Published under Cement NewsSt Lawrence Cement Group reported sales of $140.3m for the first quarter of 2005 compared to $141.4m for the same period last year. The net loss was $23.6m ($0.56 basic per share) compared to a net loss of $19.3m ($0.47 basic per share) for the first quarter of 2004. The Company has historically posted a net loss in the first quarter of each fiscal year as a result of the seasonal nature of the construction business in its markets. Sales volumes of cement, aggregates and ready-mix concrete ... |
Cementos Catatumbo gets new chairman04 May 2005, Published under Cement NewsVenezuelan cement maker Cementos Catatumbo has a new chairman and board for the period 2005-2008 after shareholders approved the appointments, Panorama Digital reported. New chairman Esteban Pineda Hernádez (42), an economist and graduate of Duquesne University, Pennsylvania, has been working in the construction and the cement industry since 1985. Zulia state-based Catatumbo produces 750,000tpa for local consumption and export from its plant in Villa del Rosario. It is Venezuela’s only loca... |
Holcim Hungaria 2005 Revenues04 May 2005, Published under Cement NewsHungarian cement maker Holcim Hungaria Cementipari Rt, a subsidiary of Swiss building materials producer Holcim group, targets a revenue of 30 bln Hungarian forints ($153.3m) for 2005, it was reported on May 3, 2005. The company will continue the construction of its new 50 bln forints ($255.5m) plant in 2005. The new facility will have a capacity of 1.5Mta of cement and is expected to be completed by 2009. Holcim Hungaria holds a 32 per cent share on the domestic market. |
HeidelbergCement losses widening03 May 2005, Published under Cement NewsHeidelbergCement seen posting Wednesday 1Q net loss at EUR99M versus a loss of EUR58M a year ago, according to Dow Jones Newswires survey of 5 analysts. Loss in pretax profit is expected to widen to EUR110M from EUR83M, while sales are seen declining to EUR1.321B versus EUR1.347B. Analysts see results primarily hurt by prolonged winter weather across Europe. SG Securities points out market reaction to data should be limited as 1Q’s not representative of the full year. Exane BNP Paribas hopes ... |
Italcementi Q1 net flat to lower03 May 2005, Published under Cement NewsItalcementi SpA’s first quarter net profit, due Wednesday, will be flat to lower, due to poor weather in Italy and other European countries, and higher energy costs, analysts said. Net profit is seen at 25.2-31.5 mln eur, against 31.3 mln, while operating profit will be 84.6-108.0 mln, against 99.7 mln, with EBITDA coming in at 180-185 mln, from 194.7 mln, and sales 978 mln-1.0 bln, from 1.005 bln, they said. The most significant factor to impact Italcementi and all the other cement com... |
Argos and Holcim Colombia report performance03 May 2005, Published under Cement NewsCementos Argos reported profits of Pesos$129,810m over Q1/2005 (Jan -March), a 201% growth from Q1/204 (Pesos$43,144m). The company results benefited from the selling off the coal plant Jagua Coal for US$110m early this year. Cement sales went up 36% to above 1Mt, while concrete sales rose 20%. Exports of gray cement and clinker were 507,000t, down 6%, while exports of white cement rose 57%. Argos associated companies sold Pesos$175,000m of which US$24m from exports. Foreign based subsid... |
Anhui Conch Cement Invests $347m03 May 2005, Published under Cement NewsChinese cement producer Anhui Conch Cement Co spent 2.87 bln Chinese yuan ($347m) in capital investments and stake purchases in 2004, it was reported on April 29, 2005. The company also plans to invest 2.6 bln yuan ($314m) in 2005. Anhui Conch Cement produced 31.8Mt of clinker and 32Mt of cement in 2004, up 53 per cent year-on-year. The company’s cement sales stood at 37.6Mt in 2004, up 47 pct year-on-year. As a result of higher raw material prices, the company’s gross profit rate fell i... |
Lafarge Romcim Expands products portfolio03 May 2005, Published under Cement NewsLafarge Romcim, owned by French building group Lafarge, added to its products portfolio Rapidcem quick drying cement with high pressure resistance, it was reported on April 29, 2005. Concrete made with Rapidcem reportedly reaches 34 Newton per sq mm (N/sq mm) compression in only two days, three times faster than one made with normal cement which obtains this compression in three or four weeks. Concrete mixed with Rapidcem also reportedly reaches a maximum resistance of 54 N/sq mm to compre... |