Cement News tagged under: corporate
Greek Alpha Beton Reports14 June 2004, Published under Cement NewsGreek Nimatemporiki-Alpha Beton, the company which emerged from the merger of textile company Nimatemporiki and concrete maker Alpha Beton, closed 2003 with a pre-tax profit of 3.17 mln euro ($3.81 mln). Turnover reached 53.7 mln euro ($65 mln), of which 35.6 mln euro ($43 mln) were generated from production and sales of concrete and 18 mln euro ($21.7 mln) came from building constructions. The company’s own capital reached 16.8 mln euro ($20.2 mln) and its long-term liabilities grew to 24.5... |
Holcim shareholder committed to keeping stake14 June 2004, Published under Cement NewsHolcim’s leading shareholder Thomas Schmidheiny - one of Switzerland’s richest men - is committed to keeping his stake in the world’s second largest cement maker, his spokesman said on Friday. Schmidheiny cut his stake to around a fourth from 27 percent last year, sparking fears he would further reduce his interests. But a spokesman for Schmidheiny said Holcim’s ex-chairman and ex-chief executive’s participation in a recent 1.5 billion Swiss franc ($1.2 billion) Holcim cash call confirmed hi... |
Fancesa can grow without Soboce11 June 2004, Published under Cement NewsBolivian cement producer Fancesa can expand its business without merging with larger competitor Soboce, according to its general manager Gonzalo Arce, Correo del Sur newspaper reported. Arce believes the company can advance on a proposal put forward by two of its three shareholders, the local government of Sucre and University of San Francisco Xavier, to strengthen the company without the help of Soboce, its other shareholder, which wants to affect a merger. The Sucre government and uni... |
Chia Hsin Cement 2004 net rising11 June 2004, Published under Cement NewsThe 2004 profit of Chia Hsin Cement Greater China Holding Corp is expected to rise 30 percent over 2003 despite China’s measures to cool its economy, said the firm’s Taiwan parent on Thursday. The forecast was less optimistic than that of Kim Eng Securities, which estimated a 42 percent rise in net profit to HK$210.43 million (US$27 million) this year, versus US$19.02 million in 2003. Chia Hsin Cement’s Hong Kong-listed shares ended down 0.68 percent on Thursday, compared to a rise of 0.67... |
Spanish Cementos Rezola11 June 2004, Published under Cement NewsCementos Rezola and concrete producer Hormigones y Minas, part of Spanish cement group Financiera y Minera (FyM), owned by Italian cement group Italcementi, posted a combined turnover of 107.9 mln euro ($130 mln) for 2003, it was reported on June 10, 2004. The turnover of the two companies, based in the Basque region, northern Spain, accounted for 37 pct of FyM’s consolidated sales. Cementos Rezola, which runs two cement factories in the region, in Arrigorriaga and Anorga, posted a turn... |
Australian cement bid ends up in court08 June 2004, Published under Cement NewsThe Australian Competition and Consumer Commission is seeking an injunction in the Federal Court to prevent Boral from taking any steps to acquire or exercise substantial influence over Adelaide Brighton. The Melbourne court has fixed a deadline of the 6th of August for the filing of claims and defence as well as industry evidence. The hearing of the competition case is expected to take place during the final quarter of 2004. In the interim, Boral has given a number of undertakings, notab... |
Brazil Portobello sells to Lafarge07 June 2004, Published under Cement NewsBrazil’s ceramic producer Portobello SA has sold its mortar producing subsidiary PortoKoll Ltda to Lafarge in a deal estimated at 28.1 mln Brazilian reais (US$8.97m) The purchase was made via Lafarge’s Brazilian subsidiary Qualimat Distribuidora de Materias de Construcao, producer of building materials. PortoKoll was founded in January 1999 and in a partnership with US tile setting grout and adhesives Custom Building Products built a plant in Itupeva, 75 km from the capital of the southe... |
ACCC moves to stop ABB07 June 2004, Published under Cement NewsThe Australian Competition and Consumer Commission (ACCC) has launched legal action to try to stop Boral’s takeover plans for cement maker Adelaide Brighton. The ACCC has opposed Boral’s bid, but the company indicated it would push ahead with its plan. The regulator wants the Federal Court to stop the building products maker from taking any steps to acquire or exercise substantial influence or control over Adelaide Brighton. |
Esther Koplowitz in negotiations07 June 2004, Published under Cement NewsMadrid: Esther Koplowitz could be close to signing a deal with Veolia, according to the newspaper Expansion. According to this source, some financial investors, (Ibersuizas, a UK and a French group) could be close to buying Veolia’s stake in FCC. This piece of news has come out some days before the FCCs AGM (June 23). Speculation about future developments on this unclear shareholder situation and the potential to reach a solution before the AGM, favour this kind of unconfirmed press releases... |
L&T to integrate divisions07 June 2004, Published under Cement NewsToubro will be integrating its engineering construction and contracts (ECC) division and its engineering and construction (E &C) business as part of a grand five-year strategy to more than double its turnover from Rs 10,000 crore now to around Rs 25,000 crore by 2008-2009. At the same time, L&T is working towards positioning itself as a global brand and has also earmarked Rs 500 crore this year for overseas acquisitions. The company has decided to almost treble its ready mix concrete (RMC... |