Cement News tagged under: international
Valderrivas enjoys 28% hike in 2006 net profit26 February 2007, Published under Cement NewsCementos de Portland Valderrivas, Spain’s largest cement manufacturer, said its net profit last year grew 28.3 per cent to EUR175.9m as revenues increased 49.9 per cent to EUR1.466bn on the back of acquisitions. Demand for cement in Spain remained high due to a massive public works and property construction boom. |
NT boom cements record profits26 February 2007, Published under Cement NewsThe terrority construction boom has helped a South Australian cement and lime company make record profits. Adelaide Brighton shares soared after a large profit and a special dividend boosted confidence this week. Managing director Mark Chellew said growth in the lime market -- of which the NT was a major customer -- was one factor that would underpin the company’s future profit growth. He said the Territory and Western Australia would need about 320,000 tonnes of additional lime ... |
Cement road plan announced26 February 2007, Published under Cement NewsThe Indore Municipal Corporation (IMC) has chalked out a Rs 8 crore project to build cement roads at Transport Nagar, Loha Mandi, Gadhi Adda, Luniyapura, Warehouse Road (near Hathipala) and Chandrabhaga. “People frequently complain that warehousing and transport sectors in the City have not achieved their true potential owing to bad roads. The proposed road-building project is aimed at rectifying this problem,” declared Mayor-in-Council (MiC) member in charge of public works Lalit Porwal. T... |
Cimpor raises bid for MISR Cement26 February 2007, Published under Cement NewsCimpor has outbid Egypt’s ASEC Cement in a battle to take over Egypt’s Misr Cement Qena. Cimpor Inversiones SA, a Spanish subsidiary of Cimpor, offered 80 Egyptian pounds ($14.05) a share for up to 100 percent of the 30 million shares in Misr Cement Qena, a stock exchange statement said on Sunday. The offer, which values Misr Cement Qena at 2.4 billion pounds, outdoes an offer of 75 pounds a share made last week by ASEC Cement, a subsidiary of Citadel Capital. The Portugues... |
Lafarge posts strong FY profit23 February 2007, Published under Cement NewsLafarge reported a jump in full-year profits, within the range of analyst forecasts, citing positive market trends and the impact of restructuring, and said it expects to exceed its own targets for earnings per share and return on capital employed (ROCE) through 2008. The company posted full-year net profit of EUR1.372bn, up 25 per cent from the 2005 reported figure of EUR1.096bn, while earnings per share reached EUR7.86 , a 23 per cent rise on the previous year. Operating profit, ex... |
Semen Gresik eyes net Profit Growth of 30%23 February 2007, Published under Cement NewsPT Semen Gresik Tbk has targeted to grow by 30% in term of net profit this year. In 2006 the bank has managed to book the net profit of IFT1.32 trillion, compared with IDR1.12 trillion in 2005. The President Director of Semen Gresik Dwi Soetjipto said the company posted the revenue of IDR8 trillion last year, compared with ODR7.8 trillion in 2005. "We hope that the revenue will grow by 6% from IDR8 trillion in 2006. We want to launce efficiency measures so that the net profit will gr... |
Belarus intends to use Chinese loan to upgrade its cement factories23 February 2007, Published under Cement NewsBelarus is to use Chinese loan to upgrade its cement factories. This issue was raised recently when a delegation of the Belarusian ministry visited China. The delegation was headed by Alexander Seleznev, the minister of architecture and construction of Belarus. The Belarusian officials met with the top management of the CITIC Heavy Machinery Co., Ltd. and visited its production facility which specializes in design works and production of equipment for coal, electro-technical and cement ... |
97.3% of Novoroscement sold, pending FAS approval23 February 2007, Published under Cement NewsChevre Investments Ltd. of Cyprus purchased 97.29% of Novoroscement, one of Russia’s largest cement producers, Aton Capital quoted Vedomosti as reporting, citing the Federal Anti-Monopoly Service (FAS). According to the newspaper, Chevre represents the interests of Russian industrialist Lev Kvetnoi. Although the specifics of the deal are unclear, the FAS is typically informed after the terms of a deal have been preliminarily agreed between the buyer and the seller. If the FAS approves the ... |
Bulgaria is Titan’s top performer in 200622 February 2007, Published under Cement NewsTitan’s turnover rose by 16.8% to EUR1568m in 2006 and the operating profit at the EBITDA level improved by 23.7% to EUR 481m. Cement deliveries in 2006 rose by 4.6% to 16.1m tonnes, while aggregates shipments advanced by 9.3% to 22.4m tonnes and ready-mixed concrete volume by around 8% to 6Mm³. Net debt at the end of the year was 20.5% lower at EUR 327m to give a gearing level of 30.3%. Capital expenditure amounted to €235.9m. The Greek operations increased turnover by 15.3% ... |
Pakistan cement makers slash prices22 February 2007, Published under Cement NewsCement companies have reduced cement prices by Rs 5-12 per 50-kg bag after government’s straight instructions to manufactures to cut prices within a week or face action. The cement industry that looked arrogant only a day earlier had to yield eventually when the government showed its teeth and gave them a week to consider reduction or face action that could have included ban on export. The cement companies had increased prices 15 days ago from Rs 200-220 to Rs 240-280 per 50-kg bag. The ... |