Cement News tagged under: corporate
Semen Gresik may issue more bonds12 April 2005, Published under Cement NewsPT Semen Gresik was studying the possibility of issuing some bonds to finance the development of new facility at the total value of US$300m - US$350m and to repay its IDR447 billion bonds which would be matured next year reports Bisnis Indonesia. The Finance Director of the cement manufacturing company, Cholil Hasan, said that the company might issue such bonds if the shareholders approved the plan. "We are studying the plan with a hope that it would be approved by shareholders on their... |
Holcim-Gujarat ambuja offer12 April 2005, Published under Cement NewsIndian investors have put in shares constituting about 21 per cent capital of Associated Cement Company Limited in response to a combined open offer by Gujarat Ambuja Cement Ltd and Holcim Ltd which closed today. The response to the open offer of 21 per cent plus about 14 per cent stake already held by Ambuja Cement India Ltd (ACIL), a company through which duo had made offer, would increase acquirers holding to over 35 per cent, short of intended 50.1 per cent stake in ACC Ltd. The offer... |
Dontsement Increases Cement Production12 April 2005, Published under Cement NewsIn January-March, the Dontsement company (Amvrosiivka, Donetsk region, Ukraine) increased cement production by 54.4 per cent or 62,000t compared with January-March 2004, to a total 176,000t. This was disclosed in a statement of the Ukrtsement association, which includes the Dontsement company. Dontsement owns 6 cement kilns and has a total capacity of the plant of about 2Mt of cement per year. Dontsement was able to resume production after the Ukraina investment company, which is th... |
Holcim to invest more in Romania12 April 2005, Published under Cement NewsHolcim Romania, plans to invest around 32 million euros this year in Romania, financial daily Ziarul Financiar reported on Tuesday. Holcim Romania’s turnover rose by 30 percent in 2004 from the previous year to 130 million euros, exceeding official estimates of 118 million euros. "In 2004 we invested 26 million euros and we plan to invest over 32 million euros in 2005," Markus Wirth, Country Manager Holcim Romania told the paper. He said the company plans to launch three ready-mix plants... |
Goltas Cimento increases net profits12 April 2005, Published under Cement NewsTurkish cement, clinker and ready mix concrete producer Goltas Cimento posted a net profit of 19.194 mln new Turkish lira ($14.3m) for 2004, up from 11.038 mln lira ($8.2m) for the previous year, according to the company’s inflation-adjusted consolidated results. Goltas Cimento is based in Isparta, western Turkey. The company holds 99.67 per cent of ready mix concrete producer Goltas Hazir Beton and 59.83 per cent of electricity producer Goltas Enerji Elektrik. |
Holcim and GACL achieve financial closure, India11 April 2005, Published under Cement NewsGujarat Ambuja Cements Ltd (GACL) and Holcim Ltd on Thursday completed financial closure of transaction worth Rs 35.4bn (US$810.4m) under which Holcim will hold 67 per cent stake in Ambuja Cement India Ltd (ACIL). Holcim group has been issued and allotted 39.01 per cent equity shares worth Rs 18.34 billion and 81,003 preference shares amounting to Rs 8.1bn in ACIL, GACL said in a release. With the allotment of shares and by buying shares from private equity investors worth 8.96 billio... |
Egyptian Ameriya Cement 2004 profit rise11 April 2005, Published under Cement NewsThe net profit of Egyptian cement company Ameriya Cement rose 13.22 per cent YoY to E£23.63m (US$4.1m) in 2004. The increase in net profit came despite the 0.2 per cent decline in net sales to E£370.06m ($64m) and the 17.1 per cent rise in the cost of sales to E£286.06m ($49.4m). The company’s gross profit fell to E£84m ($14.5m) from E£126.69m ($21.9m). |
Kuwaiti Cement Co to raise capital11 April 2005, Published under Cement NewsKuwaiti cement maker Kuwait Cement Company will raise its capital to KWD39.5m (US$135.3m) via a five per cent bonus issue for 2004. The capital hike was approved by the company’s shareholders, who also voted for a cash dividend of 30 fils (US$0.103) per share for 2004. The shareholders approved to set aside KWD4.62m (US$15.8m) as retained earnings and agreed to mandate the board of directors to issue long-term bonds worth no more than 30 per cent of the company’s capital and buy back shares... |
Taiwan Cement March parent sales11 April 2005, Published under Cement NewsTaiwan Cement Corp said its parent sales in March rose to TWD 2.50bn from TWD 2.48bn in the same month last year. Parent sales in the three months to March increased to TWD 6.82bn from 6.59 bln previously, it said. Taiwan Cement closed up 0.40 at 18.40. (1 usd = 31.60 twd) |
China Resources Cement Jan-Feb sales up08 April 2005, Published under Cement NewsChina Resources Cement Holdings Ltd saw sales of its core cement and concrete products grow in the first two months of this year, but the gross profit margin fell as raw material costs increased, the South China Morning Post reported, citing the company’s vice-chairman and general manager Shi Shanbo. The Hong Kong-based newspaper said sales of the company’s cement products jumped about 13 per cent year-on-year to 460,000t, while the selling price slipped 5 per cent. Concrete sales doubled to ... |