Cement News tagged under: corporate
Italcementi chairman confirms modest 2005 forecast25 April 2005, Published under Cement NewsItalcementi’s (ITAI.MI) Chairman Giampiero Pesenti on Friday confirmed group targets for 2005 after Italy’s biggest cement maker gave only a modest outlook for the year due to high costs and bad weather. "We think we will maintain our forecasts. After the board meeting on May 4 we’ll give some more indications," Pesenti said on the sidelines of a shareholders’ meeting. Italcementi said in a results statement last month it expected 2005 operating income to be in line with 2004, "giv... |
Siam Cement forecast remains impressive25 April 2005, Published under Cement NewsSiam Cement prospects remain bright this year, although softer than last year due to (1) expected cement demand in double digits driven by infrastructure projects, (2) petrochemicals that will continue to enjoy high prices this year, especially in the first half. In the fourth quarter, prices will be somewhat effected by a 4-6 week maintenance shutdown and (3) the paper business is expected to be driven by greater efficiency in new subsidiaries. 2005 sales is expected at Bt197,111mn, up 2.5%... |
Saudi Yanbu Cement Co Q122 April 2005, Published under Cement NewsSaudi cement producer Yanbu Cement Company (YCC) posted a net profit of 105.2 mln Saudi riyals ($28.1m) for the first quarter of 2005, slightly up from 104.9 mln riyals ($28m) in the year-ago period. The company registered a 3.1 pct year-on-year sales rise to 194.6 mln riyals ($51.9m) in the first three months of 2005. Gross profit grew 2.0 pct to 111 mln riyals ($29.6m) for January to March 2005. YCC’s total assets stood at 1.922 bln riyals ($513m) at end-March 2005. |
TPI Polene reports 768 million baht in profits22 April 2005, Published under Cement NewsTPI Polene made 5.6 billion baht from sales in the first three months of this year, up 5.14 per cent from the same period last year. The company’s total income rose 4.22 per cent in the first quarter to 6.27 billion baht. TPI Polene reported net profits of only 768 million baht, however, compared to 2.34 billion baht in the first quarter of last year, because its operational expenses rose and because it did not have any extra income from refinancing. In the first quarter of 2004 TPI Polene re... |
Cemex 1Q results to get boost from RMC buy21 April 2005, Published under Cement NewsCemex is expected to report significant sales growth in the first quarter as it consolidates a month of results from its latest acquisition - RMC Group of the U.K. The $5.8bn cash-and-debt acquisition is expected to boost sales and profits, but lower margins. Analysts see the month of RMC results as a first clue to the effect the expansion will have on Cemex. "It’s difficult to judge a whole year on the basis of one month’s numbers," said Gonzalo Fernandez, an analyst at Santander... |
Mindanao Portland 2004 profit slips21 April 2005, Published under Cement NewsA subsidiary of publicly listed Republic Cement Corp. said earnings declined last year due to a decrease in demand. Mindanao Portland Cement Corp. said its net income for 2004 fell to P163.479m from P284.822m. “As a result of the decline in industry demand, the company’s sales volume went down by 9% from 497,000t to 437,000t," Mindanao Portland said. |
Gresik aims to lift income 10 per cent, Indonesia20 April 2005, Published under Cement NewsIndonesia’s largest cement producer PT Semen Gresik is aiming to increase its net income and profit by 10 per cent this year compared with last year. The company reported an increase in net income to Rp6.67 trillion (US$709m) last year from Rp5,449 trillion in the previous year with net profit rising 39.5 per cent to Rp520.5 billion . This year the market is predicted to continue to expand despite a 5-6 per cent hike in price, its President Satriyo said. Satriyo said the price... |
Taiwan Cement eyes third spot, China20 April 2005, Published under Cement NewsTaiwan Cement Corp is aiming to become China’s third-largest cement maker by 2008, the Commercial Times reported, citing chairman Leslie Koo. The company is intending to place greater emphasis on the southern part of the mainland so as to secure a predominant role there, he said. There is still room for expansion as southern China still needs 110Mta of cement, he added. Due to its continuous expansion on the mainland over the years, Taiwan Cement’s output on the mainland in 2005 – abou... |
Saudi Southern Province Cement Posts US$40.9m Net Profit Q1 200519 April 2005, Published under Cement NewsSaudi cement producer Southern Province Cement (SPC) posted a net profit of 153.5m Saudi riyals ($40.9 mln/31.8 mln euro) for the first quarter of 2005, up from 123.8m riyals (US$33 m/25.6m euro) in the corresponding period of 2004, it was reported on April 18, 2005. The result for the first quarter of 2005 is a record-high figure since the company’s establishment in 1978. SPC’s sales increased 20 pct YoY for January to March 2005. Shareholders’ equity rose to 1.75bn riyals (US$467m/362m ... |
Higher cement prices lift 2004 Holcim net income18 April 2005, Published under Cement NewsHolcim Philippines, Inc. has swung to profits last year with net income after tax of P1.2bn from a net loss of P318.7m in 2003. In a statement, the company attributed the turnaround to a recovery in cement prices, increased export volume and low level of cement import. Holcim Philippines, formerly Union Cement Corp., said business conditions in 2004 remained difficult with domestic demand falling by almost three per cent. The continuing increases in fuel and electricity prices, which r... |