Cement News tagged under: corporate
Chia Hsin terminates supply contract08 March 2005, Published under Cement NewsChia Hsin Cement Greater China Holding Corporation, incorporated in the Cayman Islands, announces that in accordance with the provisions on termination in the Supply Agreement, both Jingyang Cement Co (JCC) and CHC agreed to terminate the Supply Agreement on 4 March 2005. JCC, an indirectly wholly owned subsidiary of the Company which is also a wholly foreign owned enterprise, and CHC, the ultimate controlling shareholder of the Company, entered into the Supply Agreement pursuant to which CH... |
UK’s Aggregate Industries year profits up07 March 2005, Published under Cement NewsUK construction group Aggregate Industries Plc, which has agreed to a GBP1.8bn ($3.4bn) takeover by Swiss company Holcim , reported a five per cent rise in annual profit on Monday. Pretax profit for the year ending December rose to GBP147.6m, in line with a consensus forecast. Holcim, the world’s second-biggest cement maker, has already acquired over 78 per cent of Aggregate Industries’ share capital. The company is currently awaiting clearance on the deal from European competition authorit... |
Egypt’s Torah Cement near triples 2004 net profit07 March 2005, Published under Cement NewsEgypt’s Torah Portland Cement nearly tripled its 2004 net profit to 152.83 million Egyptian pounds ($26.35m) the stock market said in a statement on Sunday. The cement firm made 55.00 million pounds in net profit in 2003, the stock market said, giving no further details. Torah is a subsidiary of Suez Cement (SUCE.CA). Italian cement firm Italcementi had earlier said it has agreed to take control of Suez and plans to invest 1 billion pounds in both Egyptian cement firms over the next 10 year... |
Egypt’s Sinai Cement more than doubles 2004 net07 March 2005, Published under Cement NewsEgypt’s Sinai Cement reported a 127 per cent increase in its 2004 net profit to 80.71 million Egyptian pounds ($13.92m), the stock market said in a statement received on Sunday. The cement firm made 35.57 million pounds in net profit in 2003, the stock market announced in a statement, giving no further details. Egypt’s cement firms have posted favourable results recently on the back of strong local demand. |
Lafarge to invest in UK plant07 March 2005, Published under Cement NewsLafarge will invest Euro 45m in the construction of a new plasterboard plant in the Midlands, inner counties of the UK, it was reported on March 4, 2005. The new plant will enable Lafarge to increase its UK by 50 per cent and will create 60 new jobs. The plant construction will start off in 2005. Lafarge’s investment was prompted by a contract with UK energy company EDF Energy, a subsidiary of French energy company EDF, which ensures the source of synthetic gypsum from EDF Energy’s power sta... |
HeidelbergCement reports strong 2004 growth in Romania07 March 2005, Published under Cement NewsThe German building materials and cement maker HeidelbergCement reported for last year Euro 156m in consolidated turnover from its three Romanian units, a rise of more than 30 per cent on the year. "In 2004, HeidelbergCement in Romania reported for its three divisions a 156 million euro turnover, over 30 per cent higher than the value registered in 2003 and with a total investment value of 12 million euro," Carpatcement Holding, one of HeidelbergCement’s Romanian units, said in a statement ... |
Indocement shareholders approve refinance plan07 March 2005, Published under Cement NewsThe shareholders of the country’s second largest cement maker PT Indocement Tunggal Prakarsa (INTP) approved plan by its management to seek to refinance its debt. The shareholders in a meeting on Wednesday approved a plan to sell part of the debt of the publicly listed company to HeidelbergCement Finance BV, Corporate Secretary of INTP, Ria Sjahroni said. The management of the company proposed to refinance a debt of Rp150 million, which was a loan from Heidlberg Cement Finance B.V., ... |
Cement companies in upbeat mood, Pakistan04 March 2005, Published under Cement NewsThe cement companies, listed at the Karachi Stock Exchange (KSE), remained in the upbeat mood during the first half of the fiscal year due to rising construction activity in the country and exports to Afghanistan. The cement sector took a U-turn in 2004 financial year and came out of its losses, which were accumulating due to price wars, higher financing costs and rising furnace oil prices. The companies recorded profits because of declining interest rates, lower manufacturing costs due t... |
Javedan Cement net profit up, India03 March 2005, Published under Cement NewsJavedan Cement has declared a net profit of Rs 103.861m for the period July-December 2004 as against Rs 26.952m in the same period last year, said the company in a press release. The company has attributed this achievement to high capacity utilisation, good governance and effective management control. During the period under review, the company produced 195,117t of clinker, up 44,871t from last year. While cement production was recorded at 214,943t, 16,118 more as compared to the sam... |
CRH posts another credible advance02 March 2005, Published under Cement NewsCRH, based in Ireland, generated a turnover of €12,820m in 2004, an increase of 15.7 per cent, but at constant currency rates the advance represents some 22 per cent. The EBITDA rose by 15.8% to €1,741m, with the trading profit rising by 19.3 per cent to €1,247m. The American contribution fell from 54.3 per cent of turnover and 53.6 per cent of turnover in 2003 to 49.3 per cent and 47.5 per cent respectively last year, reflecting both increased acquisition activity in Europe, notably Cemen... |