Cement News tagged under: international
Mexico`s Cemex Surprises16 September 2003, Published under Cement NewsCemex has gained some added support after management floated bullish earnings guidance that topped Wall Street expectations. Better than expected growth in both US and Mexican markets provide an unexpected boost. Cemex has gained some added support after management floated bullish earnings guidance that topped Wall Street expectations. The world's third-largest cement company watched its share price on the New York Stock Exchange rise 1.1% to $25.67 after estimating late Thursday that thi... |
CRH: Results today02 September 2003, Published under Cement NewsCRH announces H1 results later today (Tuesday 2nd September). Merrill Lynch expects sales to fall four per cent (acquisitions offsetting some of the currency negative) and EBITA to fall 17 per cent to EUR244m. Merrill Lynch expects CRH sales to fall four per cent (acquisitions offsetting some of the currency negative) and EBITA to fall 17 per cent to EUR244m. (EUR295mn), with sales penalised by poor North American/North Europe weather. CRH's recent Cementbouw deal scores well however: di... |
UK – Remas calls for UK and Irish companies to take part in European EMS study30 August 2003, Published under Cement NewsRemas aims to study the benefits of formal environmental management systems (EMS) and hopes to establish a direct link between the use of EMS and positive environmental performance. According to project manager Martyn Cheesbrough: “We believe environmental management systems can offer many benefits to companies and other stakeholders, but we are unable to prove their real value until we get a full, unequivocal picture of the various elements involved. This is precisely what remas is designed... |
Philippines – Environment Department launches Philippine Environment Partnership Program30 August 2003, Published under Cement NewsThe Philippine Department of Environment and National Resources (DENR) has launched its Philippine Environment Partnership Program (PEPP) to encourage companies to comply to environmental legislation by offering them recognition and incentives. The plan relies on voluntary self-regulation and self-monitoring and compliance principles. Companies who want to participate in the programme need to complete an applications form, which the DENR then uses as a basis for categorising them in one ... |
USA – St Lawrence Cement to include Becraft Mountain mine in review30 August 2003, Published under Cement NewsSt Lawrence Cement is likely to be required to include the Becraft Mountain mine in the environmental review for its new US$320m cement works in Greenport. Department of Environmental Conservation (DEC) judges Helen Goldberger and Maria Villa recommended in a 46-page report that the DEC should “ungrandfather” the Becraft Mountain mine. “Grandfathering” is a process which allows companies to operate as if current laws were not in effect, because their operations predate the laws. In this case... |
UK – Castle Cement’s AWDF given cautious welcome in Clitheroe30 August 2003, Published under Cement NewsCastle Cement recently presented its plans to burn agricultural waste derived fuel (AWDF) at its Ribblesdale works, Clitheroe, Lancashire to the neighbouring community and environmentalists. The plans were generally well-received. Local people said the proposal was “a great idea” as “animal waste is better being burned than buried.” The environmental group Friends of the Earth also voiced its overall support for the initiative via its Hyndburn and Ribble Valley spokesperson Lynda England... |
Titan Cement down29 August 2003, Published under Cement NewsTitan Cement posted a 1.5 per cent drop in first-half net profit Thursday, in line with analysts' expectations. Titan's net profit fell to EUR46.13 million from EUR46.64m in the year-ago period. After a 72 per cent drop in first-quarter net profit, owing to adverse weather conditions and negative currency movements, Titan said group performance in the second quarter brought overall results almost in line with 2002. Company sales fell five per cent to EUR488 million while earnings before in... |
Heracles profits up29 August 2003, Published under Cement NewsGreek cement producer Heracles, majority-owned by France's Lafarge, said on Thursday group pre-tax profit grew 142 per cent to EURO 40m in the first half. Group sales remained around previous year levels, reaching EURO 278m Last year's first half earnings had been hurt by a EURO19.6m provision related to staff termination. The group, which runs three cement plants in Greece with a total production capacity of 9.6Mt annually, is the country's largest producer, competing with Titan Cement a... |
Holcim expectations27 August 2003, Published under Cement NewsHolcim announces H1 results Thursday 28th August. Analysts at Merrill Lynch suggest sales falls of around 11 per cent and not too much joy in the months ahead - a cautionary note for investors. Holcim announces H1 results Thursday 28 th August. Merrill Lynch predicts sales to fall 11 per cent, but EBIT to fall only five per cent. On volumes, the analysts expect the Easter-boosted Q1 rates in Latin America to slow, and the weather influenced European volumes to be less weak. Asia should co... |
TPI doubts15 August 2003, Published under Cement NewsConcerns by the company auditor flag up renewed speculation over the long term future of this petrochemical and cement producer The Stock Exchange of Thailand said it has suspended trading in TPI Polene Plc shares after its auditor withheld its opinion on its financial statements for the second quarter to June. The SET said it can be considered that the figures, indicating the financial status and operating results of the company presented in its financial statements, did not reflect the ... |