Cement News tagged under: corporate
Chilanga Cement Reports its Unaudited Results24 December 2004, Published under Cement NewsChilanga Cement announced its un-audited results for six months to 30 June, 2004. Net turnover was K102 billion (K80 billion in previous period). Profit after tax was K17.2 billion down 5.95% from previous period. EPS also dropped to K86.26 from K91.72 in previous period. The company’s Board of Directors declared an interim dividend of K20 per share. |
German Allianz Decreases Stake in HeidelbergCement24 December 2004, Published under Cement NewsGerman insurer Allianz AG has decreased its stake in building materials group HeidelbergCement AG stepwise to 4.6 per cent in a move to optimise its portfolio, Allianz said on December 23, 2004. The sale could result in a possible book profit for the insurer, an Allianz spokesperson said without elaborating. Based on its market price on December 22, 2004, the stake’s value has been estimated at almost Euro130m ($173.6m). In February 2004, the insurer held a 7.5 per cent stake in Heidelbe... |
Lafarge Arcom Gips To Absorb Lafarge Ipsos23 December 2004, Published under Cement NewsRomanian plasterboard producer Lafarge Arcom Gips shareholders approved the merger by absorption of Lafarge Ipsos on December 21, 2004. Company shareholders voted for a 59.1 bln Romanian lei (US$2.0m) capital increase through the issue of new shares at 1.0 mln lei (US$35) each. After the capital hike, cement maker Lafarge Romcim will control 94 per cent of company’s shares and Romanian construction company Arcom, 5.85 per cent. The shareholders of Lafarge Arcom Gips re-elected Giovanni ... |
Umm Al-Qaiwain Cement Industries23 December 2004, Published under Cement NewsUAE cement manufacturer Umm al-Qaiwain Cement Industries Company is expected to report record-high earnings per share (EPS) of 40 Kuwaiti fils (US$0.136) for 2004, it was reported on December 21, 2004. The company, established in 1982, is traded on the Kuwait Stock Exchange (KSE). |
TPI Polene expects 2004 revenues to rise23 December 2004, Published under Cement NewsTPI Polene PCL said it anticipates 2004 revenues rising by 15.8% as a result of higher sales of cement and plastic pellets. Senior VP Prasert Ittimakin told reporters the company also predicted 2005 sales growth of a minimum of 10 per cent, as local demand for cement remained healthy. Prasert said, referring to 2005’s revenues of US$563m, "Our revenues will be approximately 22 billion baht this year, up from approximately 19 billion baht last year." |
Cemex announces Expiration of its appreciation warrants and ADWs22 December 2004, Published under Cement NewsCemex today announced that its appreciation warrants and American Depositary Warrants (ADWs), each representing five appreciation warrants, expired today in accordance with their terms. Holders of appreciation warrants and ADWs will receive an appreciation value equal to U.S.$2.041231 per appreciation warrant (U.S.$10.206154 per ADW) less any applicable Mexican withholding tax (as described below). The appreciation value for each appreciation warrant represents the difference between U.S.... |
Lafarge supports Paris’ Olympic bid22 December 2004, Published under Cement NewsLafarge has added its name to the list of companies supporting the city of Paris’ bid to host the 2012 summer Olympic games. Lafarge plans to invest Euro1.5m in the project by July, when the IOC is due to make its decision. Lafarge management commented that the Olympics mark a time to promote durable, environmentally friendly construction. A further 13 large French companies have already given their backing to the capital city’s bid. |
Ashaka Cement Honours 153 Staff21 December 2004, Published under Cement NewsNo fewer than 153 staff of Ashaka Cement Plc yesterday received the year 2004 long-service award from the company. Thirty two of the workers got award for serving the company for 20 years while 121 received award for working 10 years with the company. The workers at a colourful ceremony received cash gift, Sharp colour television and Sharp radio from the company. The managing director of the company, Alhaji Mohammed Dagash, praised the workers for their support towards the rapid grow... |
Mexico’s Cemex sells options, issues more21 December 2004, Published under Cement NewsCemex exercised about 136 million stock options on Monday, as part of its executive compensation program. Cemex, the world’s third largest cement producer, exercised the options as part of a "long-term variable compensation program" for executives, in which new 7.5 year options were also given to the high-level employees. The options on Monday were exercised at 78.35 pesos per share, and the newly issued options carry a strike price that is the equivalent of $0.50 higher, increasing by ... |
Greek Interbeton Buys out Livanis-Korbeton21 December 2004, Published under Cement NewsGreek concrete building products manufacturer Interbeton Building Materials, a subsidiary of Titan Cement group, bought out local concrete maker and trader Livanis-Korbeton in October 2004, Titan Cement announced on December 20, 2004. Following the move, Interbeton started the operation of Livanis-Korbeton two concrete production units in the Corinth prefecture, southern Greece, on 01 November. Currently, Interbeton has 24 concrete production units, whose annual sales exceed 1.8Mm3. The com... |