Cement News tagged under: corporate
RAK White Cement sales up17 August 2004, Published under Cement NewsRas Al Khaimah White Cement and Construction Company has achieved a qualitative leap in its operations and investments, whereby its sales increased by 20 per cent against sales accomplished during 2003, which were recorded at Dh65 million against Dh53.5 million. The operations’ total profits increased by 21 per cent to Dh12.5 million in June 2004, against Dh10.3 million in previous year. The company achieved net profit of Dh 5.5 million despite the non-inclusion of some revenues. The comp... |
Datong Cement Co 1H figures16 August 2004, Published under Cement NewsShenzhen-listed Datong Cement Co has reported earnings per share of 0.025 yuan for the first half of 2004 ended June 30, up from the 0.02 yuan for the same period of 2003. The company¡&hibar;s net profits before deduction of non- current gains and losses in the first half of 2004 reached 4.3153 million yuan, as compared with 3.425 million yuan for the same period of 2003. Its main operating turnover in the first half of 2004 stood at 82.7559 million yuan, up from 59.9905 million yuan in the s... |
Nordea and Danske Bank set to rebuild FLS fortunes16 August 2004, Published under Cement NewsNordea and Danske Bank are set to help rebuild the fortunes of FLS Industries, the Danish engineering group and once held in high esteem by the country’s industrialists.Nordea and Danske, also lenders to FLS, advised it on the sale of Portland and Unicorn, its cement and ready-mix concrete businesses, to Cementir, Italy’s fourth-biggest cement producer for Dkr 4.4bn (€572m). FLS said it is now debt-free and will seek acquisitions. A source close to FLS said that Nordea and Danske are its... |
Taiheiyo Cement cuts domestic output16 August 2004, Published under Cement NewsTaiheiyo Cement Corp. has lowered domestic cement output because of rising production costs stemming from a jump in prices of coal, the main fuel used in making cement. Coupled with a price hike of 300 yen per ton from April shipments, the firm seeks to improve its cost structure by drawing down inventory through the output reduction. A cement kiln at the Ofunato plant in Iwate Prefecture has been offline since late July, reducing production for that month and August by 50,000 tons, or 2... |
Siam City earnings13 August 2004, Published under Cement NewsSiam City Cement PCL, Thailand’s second largest cement producer, Friday reported flat earnings growth in the second quarter as rising sales costs offset higher revenue. During the April to June period, its net profit was 950.2 million baht ($1=THB41.502), or THB3.92 a share, compared with THB953.9 million, or THB3.82 a share, a year ago. The result was slightly lower than expected. Siam City Securities forecast Siam City Cement to report a net profit in the second quarter of THB997 million. ... |
Cemex Venezuela13 August 2004, Published under Cement NewsCemex Venezuela, subsidiary of the Mexican cement company Cemex, had a net profit of Bs$23.812bil (US$12.4m) in the first half of 2004 (Jan-Jun), recovering from losses of Bs$8.916bil (US$5.6m) posted in the same period of 2003. |
Inteco buys controlling stakes13 August 2004, Published under Cement NewsThe Moscow Inteco group, incorporating almost 30 companies, continues to buy cement assets. The company has now bought controlling stakes in two companies, Ulyanovsk Cement and Zhigulevsk Construction Materials in the volga region. Market watchers suggest Inteco’s expansion to the Povolzhye region is a very important step in conquering the Russian cement market. The deal will help the company to become one of the volga region market leaders. The market is the second largest after Russia... |
Angarskcement reports13 August 2004, Published under Cement NewsIn 1H2004 Angarskcement produced 295,936t of cement, up 15% y-o-y. In the first six months of 2004 303,210 tons of cement was sold, up 14% y-o-y. The 2004 sales target is 715,000t of cement. In 2005 the figure is expected to stand at 730,000t, local news sources said |
Saudi Eastern Province Cement Q113 August 2004, Published under Cement NewsThe cement output of Saudi cement producer Saudi Eastern Province Cement Company (EPC) decreased to 589,000t in the first three months of 2004 from 649,000t in the corresponding period of 2003. Clinker output was 494,000t, compared to 521,000t. Local cement sales stood at 419,000t, against 511,000t, while cement exports decreased to 87,000t from 108,000t. The total output of Saudi Arabia’s eight cement companies rose to 6.1Mt from 5.6Mt in that same first quarter period in 2004/2003. ... |
Qatar National Cement Co13 August 2004, Published under Cement NewsThe Qatar National Cement Company (QNCC) increased its net profit to 95.7 mln Qatari riyals ($26.3m) in the first half of 2004 from 84.3 mln riyals ($23.2m) in the same period of 2003, it was reported on August 7, 2004. |