Cement News tagged under: corporate
Opening of Holcim factory in Alesd10 May 2004, Published under Cement NewsRomanian Prime Minister Adrian Nastase told the opening ceremony on Friday of Holcim factory in Alesd, Bihor county, that local cement prices are a concern with Romanian authorities. Nastase pointed out that the Ministry of Public Finance and the Competition Council should discuss this topic, mostly in order to avoid the temptation of promoting on the Romanian market a higher price than the export one. He hailed the Swiss business concern investment in Romania and showed that investment proj... |
Semapa head proposed as Portucel chairman10 May 2004, Published under Cement NewsPortuguese cement company Semapa said on Thursday that its chairman has been proposed to take the same post at pulp and paper company Portucel. Semapa last month won a 30 percent stake in Portucel in the second stage of the company’s privatisation. State control fell to about 25 per cent. Chairman Pedro Queiroz Pereira will replace Jorge Armindo as Portucel chairman, Semapa said in a statement. Semapa board member Jose Honorio will become chief executive and Manuel Regalado will become chie... |
OUTLOOK Holcim set for Q1 recovery10 May 2004, Published under Cement NewsHolcim Ltd is to report a sharp increase in first quarter profits next Thursday compared to a very poor year-earlier period, with the cement maker’s business environment pointing upwards, analysts said. However, risks such as rising energy prices, currency fluctuations and weaknesses in selected markets remain, they warned. Net profit is forecast to rise to Sfr30-106m, from Sfr 10m a year ago, and EBIT at Sfr330-375m, against Sfr 290m. Sales are expected to come in between Sfr 2.627-2.678... |
Aggregate Industries expands in Nevada10 May 2004, Published under Cement NewsHaving entered the Nevada market last November with the acquisition of Southern Nevada Paving, Aggregate Industries extended its interests in that area of the United States buy the purchase of Frehner Construction Company for US$95.8m. Significantly, Frehner Construction Company, which last year generated a turnover of US$168m and a pre-tax profit of US$1.1m, owns the other 50% of the large Sloan Mountain quarry near Las Vegas with reserves amounting to some 600m tonnes of limestone. Throu... |
Bargarh Cement India10 May 2004, Published under Cement NewsBargarh Cement (formerly Idcol Cement), ACC¹s recently acquired subsidiary, has generated Rs 64 crore revenues and a profit of around Rs 2.6 crore after its takeover. ACC had taken over the plant on December 22 last year and has prepared independent accounts for this particular period of three months and nine days. However, for the full financial year, Bargarh has made a loss of Rs 26 crore as compared to loss of Rs 21 crore in 2002-03. This is because following the takeover, ACC had adjus... |
Wienerberger makes a good start to the year10 May 2004, Published under Cement NewsIn the first quarter of 2004, turnover at Wienerberger AG rose by some 15% to €312.3m and the EBITDA emerged around 30% higher at €51.9m, in spite of negative exchange rate effects, principally from the US dollar and the Polish zloty. The strongest growth came in central and eastern Europe, where turnover rose by 28% to €74.2m, with advance buying ahead of the introduction of VAT on building materials in Poland on the 1st of May and a price increase in bricks in Hungary on the 1st of April.... |
French Vicat07 May 2004, Published under Cement NewsFrench building materials supplier Vicat SA posted a Euro 125.67m net profit for 2003, a 4.2 per cent year-on-year increase, it was reported on May 6, 2004. Net profit per share reached Euro 8.06m, compared to Euro 7.73m. The company reported a Euro 253.41m operating profit, a 4.0 per cent decrease, and a turnover of Euro 1.463bn, compared to Euro 1.462bn. Vicat is present in over seven countries but generates 51.7 per cent of its total turnover in France. |
CRH makes ’positive’ start06 May 2004, Published under Cement NewsBuilding materials group CRH told shareholders yesterday that it had enjoyed a positive start to the year, but made it clear that its European markets were still depressed. In a statement to the company’s annual general meeting, CRH chairman Mr Pat Molloy said the company continued to face risks and uncertainties. He pointed out that economic growth in Europe, responsible for half the group’s €11 billion sales, was subdued. But, he added that the US, which generated the rest of its revenue... |
Cimpor sells debut Euro600m bonds06 May 2004, Published under Cement NewsPortuguese cement company Cimpor - Cimentos de Portugal SGPS SA saw strong demand for a 600 million euro seven-year bond on Wednesday, its debut in the corporate bond market. Issuance in the investment-grade market has been thin on the ground in recent months, as many companies raised funds last year. But investors have cash to put to work as last year’s good performance has led to strong interest in the asset class. Cimpor was able to increase its deal to 600 million euros from an initial... |
Lafarge North America Inc05 May 2004, Published under Cement NewsLafarge North America has recorded a first quarter 2004 net loss of $70.8m, or 96 cents per share diluted. The results compare to a net loss of $87m, or $1.19 per share diluted, in the first quarter of 2003. Lafarge North America normally reports a loss in the first quarter of the year as its business activity slows during the winter months, and the company performs most of its major plant maintenance programs in preparation for the main construction season. Weather conditions during th... |