Cement News tagged under: corporate
HeidelbergCement to buy out Anneliese minority20 September 2004, Published under Cement NewsHeidelbergCement is offering one of its own shares plus a cash payment of €19.00 for every two Anneliese shares, with a cash alternative of €27.50 per Anneliese share for the outstanding minority shareholders in the Westphalian cement producer Anneliese Zementwerke. Since acquiring the 48.8% stake in Anneliese Zementwerke held by Dyckerhoff in 2003, HeidelbergCement has controlled the company and currently holds 97.4% of the equity. HeidelbergCement intends to compulsory acquire any outstan... |
Kyivtsement appoints Hossenfelder20 September 2004, Published under Cement NewsShareholders of the Kyivtsement plant (Kyiv), which is a cement producer, relieved Valentyn Shevetovskyi as a member of the supervisory board at a meeting on June 8, and they appointed Heiko Hossenfelder to replace him. Hossenfelder is the financial director of Germany’s Dyckerhoff AG company. In all, 5 persons are members of Kyivtsement’s supervisory board. In 2003, Kyivtsement’s shareholders appointed Norbert Schulz to serve as a member of the supervisory board. He replaced Herbert Bra... |
Buzzi Unicem to place $165m bond in US20 September 2004, Published under Cement NewsItalian cement and concrete group Buzzi Unicem is reportedly considering a private placement on US markets of a $165m bond, in three tranches maturing in three, five and seven years. According to sector sources, the plan is only under consideration at the moment. Merrill Lynch is advising the group. Italian white goods producer Merloni successfully launched a private bond placement on the US market several months ago, the first Italian placement after the collapse of food group Parmalat at t... |
Cement Akmenes August sales20 September 2004, Published under Cement NewsAkmenes Cementas, Lithuania’s only producer of cement, reported that its sales in the first eight months of this year grew 24.3 percent year-on-year to 70 million litas (20.3 million euros). In August alone, the company’s income advanced 28.3 percent annually -- from 9.9 to 12.7 million litas (2.87 to 3.68 million euros). "The sales continue to grow because of the booming construction sector. We sell cement successfully both in the domestic and the external markets," Arturas Zaremba, CEO o... |
DG Khan Cement net up20 September 2004, Published under Cement NewsD G Khan Cement on Friday posted a 71.6 percent growth in its full-year net profit to Rs 829.8 million compared to Rs 483.5 million last year. In a statement to the Karachi Stock Exchange (KSE), the company said its board of directors has also approved a Rs 1.50 per share cash dividend along with 10 percent bonus shares. But the company said bonus shares are not entitled for the 15 percent final cash dividend for the year June 30, 2004. The company’s earnings are in line with analysts’ expec... |
Tax office investigating Cemento Nacional17 September 2004, Published under Cement NewsEcuador’s tax office SRI is investigating tax declarations of the country’s leading cement producer Cemento Nacional, local paper El Comercio reported. In 2003, Cementos’ 22 companies between them paid US$13m in corporate taxes, however, 10 companies within the group registered their tax payable as zero, said the paper. Earlier this month, Cementos announced the sale of five non-core factories to maintain a focus on cement, concrete and aggregate production. It reported US$240m in net sale... |
Australia’s Boral says date16 September 2004, Published under Cement NewsAustralia’s biggest building products company, Boral said on Thursday that court action to block its A$867 million ($606 million) takeover bid for Adelaide Brighton Ltd (ABC.AX) would begin on November 3. Anti-monopolies watchdog, the Australian Competition and Consumer Commission, launched a case in the Federal Court in June to halt the takeover, arguing it would substantially reduce competition in the country’s cement industry. "It is anticipated that the hearing will be completed by ... |
French Vicat Registers 76.5 Mln Euro Net Profit H1 200416 September 2004, Published under Cement NewsFrench building materials supplier Vicat SA reported a net profit of 76.5 mln euro ($93.7 mln) for the first half of 2004, up 15.3 pct year-on-year. The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) rose 23 pct to 194 mln euro ($237.5 mln). Turnover stood at 798 mln euro ($977.1 mln). Consolidated shareholders’ equity was worth 1.14 bln euro ($1.396 bln) and the company’s debt amounted to 587 mln euro ($718.7 mln). Vicat operates several cement plants, conc... |
Cimpor first half profits fall in the regions15 September 2004, Published under Cement NewsCimpor’s turnover for the first six months of the year moved ahead by 3.7% to €678.4m while the operating profit at the EBITDA level fell by 7.5% to €228.8m. The decline in the trading profit was more marked, with an 11.6% drop to €120.5m, but thanks to increased contributions from associates and an €16m benefit from a change in accounting policy, the running profit before tax actually rose by 9.9% to €131.05m. The cement and clinker volume for the group emerged 3.8% higher at 9.28m tonnes.... |
Dyckerhoff’s Roentgen to quit14 September 2004, Published under Cement NewsGerman cement maker Dyckerhoff AG said Monday its management board member Alexander Roentgen will leave the company at the end of the year to become Executive Director of RMC Group, the parent company of Germany’s Readymix AG. Since 1999, Alexander Röntgen has been responsible in the management of Dyckerhoff AG for the international cement division, Dyckerhoff said. As of 2000, he become a member of the management board, responsible for the division Central Europe East/America. The divi... |