Cement News tagged under: corporate
Cementir 2004 net profits up14 March 2005, Published under Cement NewsItalian cement company Cementir SpA, a unit of local construction company Caltagirone, closed 2004 with a net profit of Euro 79.1m, up from Euro60.4m for 2003, the company announced. Turnover grew to Euro 395.1m from Euro 292.6m. The company’s board approved the 2004 balance sheet on March 11, 2005 and the payment of a dividend of Euro 0.07 per share against euro 0.0 per share in 2003. The financial results include the Euro 572m acquisition of Danish cement maker Aalborg Portland and rea... |
Lafarge to strengthen position in Mexico14 March 2005, Published under Cement NewsLafarge wishes to strengthen its positions in Mexico, bastion of its local rival Cemex and an alluring market, one of the world’s 15 largest, with a strong growth potential, the head of Lafarge Mexico, Maximo Dolman, said. Lafarge, which stepped in Mexico at end-1999 taking over a local company with a one per cent market share, will complete at end-2005/beginning 2006 the construction of a new cement plant with initial capacity for 600,000t of grey cement, Dolman explained. Lafarge has inve... |
Unye Cimento 2004 output rises14 March 2005, Published under Cement NewsTurkish cement and clinker producer Unye Cimento registered a 11.2 per cent YoY rise in its 2004 cement production to 1.123Mt. The company, which is 52.55 per cent owned by Turkish army pension fund Oyak, increased clinker production by 17.2 per cent to 1.32Mt. Unye Cimento cement sales rose 9.8 per cent to 1.119Mt and clinker sales surged 76 per cent to 522,936t. Its domestic sales climbed 6.8 per cent and exports jumped 125 per cent. Exports accounted for 25.4 per cent of the total turn... |
Vicat posts higher profits in 200411 March 2005, Published under Cement NewsFrench building materials supplier Vicat SA posted a Euro166m net profit for 2004, a 27 per cent YoY increase, with a Euro 10.14 net profit per share, it was reported on March 11, 2005. The company reported a Euro 296m operating profit, a 25.6 per cent increase, while the consolidated turnover reached euro 1.618bn up 10 per cent. The consolidated self-financing capacity reached Euro 293m which enabled the company to reduce its net debt to Euro 420m equal to 35 per cent of equity, after ... |
Grasim exits Birla subsidiary11 March 2005, Published under Cement NewsGrasim Industries has parted with its entire 1.42 per cent stake in Basant Kumar Birla’s Mangalam Cement. Grasim, which is controlled by Kumar Mangalam Birla, had 400,000 shares in Mangalam Cement, which was named after him by grandfather BK Birla over two decades ago. Sources close to the development said it was an investment decision. “It was an insignificant stake, which was monetised by selling in the open market,” sources added. Interestingly, Grasim was one of the bidders for ailing ... |
Cement companies post strong year10 March 2005, Published under Cement NewsAn unprecedented level of net profit accrued to Ras Al Khaimah’s cement companies in 2004, company representatives said. The Union Cement Factory reported net profit of Dh145.7 million for 2004, an increase of 311.9 per cent over 2003. The Ras Al Khaimah Cement Factory reported net profit of Dh96 million, an increase of 320 per cent over 2003. Gulf Cement has revealed net profit of Dh186.7 million, a jump of 275.4 per cent. Finally, the Ras Al Khaimah White Cement and Construction Materia... |
China’s Export Growth Accelerates10 March 2005, Published under Cement NewsChina’s export growth gathered pace in the first two months of the year as factories shipped more textiles and electronic goods to the US, Europe and Japan. Overseas sales rose 37 per cent from a year earlier to US$95.3bn after climbing 33 per cent in December, the commerce ministry said on its Web site. Imports increased 8.3 per cent to US$84.2bn, and the trade surplus reached US$11.1bn, rebounding from a US$7.9bn deficit. Bloomberg says that the current trade surplus may fuel calls for... |
Turkish Konya Cimento to invest09 March 2005, Published under Cement NewsTurkish building materials producer Konya Cimento will spend 12.039 mln new Turkish lira (US$9.0m) on investments in 2005, the company said on March 7, 2005. In 2005, Konya Cimento plans to produce 1,199,862t of clinker, 1.23Mt of cement, 706,000 cu m of ready-mix concrete and 620,000t of aggregate. The company expects sales of 130,000t of clinker, 1.23Mt of cement, 706,000 cu m of ready-mix concrete and 652,632t of aggregate in 2005. Konya Cimento, which is a subsidiary of French cement p... |
Mediobanca raises stake in Ciments Francais08 March 2005, Published under Cement NewsThe Italian investment bank Mediobanca informed the French stock exchange authority that it had raised its stake in French cement supplier Ciments Francais, a unit of Italian cement group Italcementi, over the 10 per cent threshold as of February 28, 2005. Currently Mediobanca holds exactly 4,080,528 Ciments Francais shares, equal to 10.66 per cent of the company’s capital and 6.28 per cent of the voting rights. Italcementi is the biggest Ciments Francais shareholder with a 75 per cent stake. |
India’s Shree Cement sees 34 per cent jump08 March 2005, Published under Cement NewsIndia’s Shree Cement Ltd expects to post a 34 per cent jump in operating profit for the year ending March 31, 2005, a senior company official said on Monday. Cement demand in India is booming as the 7.0 percent expansion in Asia’s fourth-largest economy is fuelling demand for homes and the government is spending on improving the country’s infrastructure. "Last year our EBITDA (earnings before interest, taxation, depreciation, and amortisation) was at about 1.34 billion rupees ($30.7 million... |