Cement News tagged under: corporate
Cemex sees 2004 EBITDA up 11%02 July 2004, Published under Cement NewsCemex expects an 11% surge in its earnings before interest, taxes, depreciation and amortization this year as the global economic growth picks up and cost-cutting initiatives sent profit margins higher. In a news statement, Cemex,said it announced during its annual analyst and investor meeting in Norwalk, Connecticut Thursday that its EBITDA will likely total $2.35bn this year. Revenue is expected to reach close to $7.5bn and free cash flow to total $1.35bn. Operating income is projected at... |
Hanson foresees lower first half profits02 July 2004, Published under Cement NewsWhile the North American aggregates division has been trading in good markets overall, helped by better weather conditions in the east and higher cement deliveries in California, trading in the American building products business has been more mixed. Bricks and tiles are performing well on the back of a continued good housebuilding market and the acquisition of Athens Brick, but shipments of concrete pipes have suffered from bad weather and higher raw material costs. The British aggregat... |
RMC is closing Westphalian kiln02 July 2004, Published under Cement NewsThe RMC Group is splitting out its cement operations from its geographical management structure to be run as a separate business to include all of the group¹s cement manufacturing and trading operations. In Germany, RMC is making its contribution to the removal of excess capacity by closing its Mersmann kiln at Beckum, leaving its remaining Beckum kiln as the group¹s sole clinker producing unit in North-Rhine Westphalia. In order to reduce transport costs, logistics savings deals have been... |
Grasim joins the top 1002 July 2004, Published under Cement NewsKumarMangalam Birla, the chairman of the Aditya Birla Group, could not have hoped for a better birthday gift. Shortly after his 47th birthday in mid-June, the stage has been set for the entry of Grasim, the flagship company of the group to join the to join the league of the top 10 cement producers in the world. The overwhelming response to the open offer made for acquiring 17Mt of Larsen & Toubro’s cement division, demerged into a new entity, Ultra Tech CemCo Ltd will allow this company ... |
Buzzi Unicem plans further share purchase01 July 2004, Published under Cement NewsBuzzi Unicem, the Italian cement and concrete group, is reported to be planning to increase its stake in Dyckerhoff, the German building materials group. It will finance the purchase with part of the income from a planned capital increase, according to company sources. |
Cementos Portland Valderrivas posts profit increase01 July 2004, Published under Cement NewsCementos Portland Valderrivas, part of Cementos Portland Valderrivas SA, generated net profits of just under Euro148.5m in 2003, a 30.5 per cent increase on the 2002 figure. Cementos Portland Valderrivas SA is a subsidiary of leading construction and services group Fomento de Construcciones y Contratas (FCC). |
Goltas Cimento buys RMC plant01 July 2004, Published under Cement NewsTurkish cement producer Goltas Cimento has bought a ready-mixed concrete plant from Turkish cement manufacturer and retailer Adana Cimento and ready-mixed concrete company Oyak Beton for a total 1.05 trln Turkish lira (US$704,000), it was reported on June 30, 2004. The plant is located in Manavgat, southern Turkey. Goltas Cimento said that the price would be paid in instalments between July 1 and December 1, 2004. Goltas Cimento is based in Isparta, western Turkey. Adana Cimento and Oyak Bet... |
Loan to ACC, Algeria01 July 2004, Published under Cement NewsThe European Investment Bank (EIB) has awarded a new loan, for US$12m, to ACC (Algerian Cement Company), to fund the extension of a cement works near M’Sila, 240 km south-west of the capital. The original building of the cement works was funded between 2002 and 2004 by an EIB loan of Euro66m and other funding. |
Record year for Trinidad Cement30 June 2004, Published under Cement News2003 was a record year for Trinidad Cement Limited, (TCL), setting a new sales record for cement in all three territories in which it operates. The group sold some 1.697Mt of cement, an increase of 38, 800t up from the 1.658Mt in 2002. This figure is expected to grow to almost 2.5Mt by 2012. Cement sales accounted for 87 per cent of the total revenue (TT$1.2 billion), an increase of 23.9 million over 2002). Dr Rollin Bertrand, group chief executive officer, said Jamaica sold the highest... |
Semen Gresik’s predicament30 June 2004, Published under Cement NewsThe predicament of publicly-listed PT Semen Gresik, which is now in an arbitration process at the International Center for Settlement of Investment Disputes in Washington, took a sharp turn for the worse on Monday after its shares were suspended from trading on the Jakarta Stock Exchange (JSX) (reports the Jakarta Post). The JSX management announced it had to suspend Semen Gresik shares for its failure to issue, for the second consecutive year, its audited consolidated financial report fo... |