Cement News tagged: Corporate
Brazil Camargo Correa Q1 2005 net profit soars
Brazilian cement maker Camargo Correa Cimentos, a unit of local construction group Camargo Correa, posted a net profit of 62.7 mln Brazilian reais ($26.03m) for the first quarter
Cementos Portland plans investments 2005-2007
Spanish cement maker Cementos Portland Valderribas SA (Cementos Portland) plans to invest Euro 450m between 2005 and 2007, the company’s CEO, Jose Ignacio Martinez-Ynzenga, said on May 26, 2005.
L&T FY05 net up 85 per cent
Larsen & Toubro (L&T) has reported a 84.7 per cent increase in net profit to Rs 983.85 crore for the year ended March 31, 2005 as compared to Rs 532.75 crore last year. Net sales grew by 36.9 per cent
YTL Corp third quarter pre-tax profit rises
YTL Corp Bhd saw its pre-tax profit rising 29.6 per cent to RM317.9m for the third quarter ended March 31, compared with RM245.3m in the same period a year ago. Its turnover for the quarter improved 1
Cimpor higher as analysts hike estimates
Shares in Cimpor - Cimentos de Portugal SGPS rose, more than reversing yesterday’s losses, as analysts said they will raise their full-year estimates after the cement maker’s first quarter
HeidelbergCement to increase Indo stake
The Managing Board and the Supervisory Board of HeidelbergCement AG resolved to further increase the stake in the Indonesian cement company Indocement, which has been fully consolidated since 2004. Th
Ukrainian Balcem To Raise Share Capital
Ukrainian cement plant Balcem plans to raise its share capital by 4.94 mln Ukrainian hryvnias (US$981,000/) to 5.49 mln hryvnias ($1.1m) through the issue of 98.74 million ordinary
Bipadosa Sells Stake in Portugal Cimpor
Spanish company Bipadosa Distribucion y Transformacion has sold its entire direct stake in Portuguese cement producer Cimpor, Cimpor announced in a report to the Portugal’s national securities r
Raysut Cement’s rights proposal
Raysut Cement, Oman, will enter the capital market with a rights issue of five million shares at a price of RO3.000 per share aggregating to RO15 million.
ING Bank boosts stake in Cimpor
Dutch bank ING increased its stake in Portuguese cement producer Cimpor to 2.39 per cent of the company’s voting rights, Cimpor said in a report to the Portugal’s national securities
Florida Rock resignation
Florida Rock Industries, Inc. today announced the resignation of its distinguished board member, G. Kennedy Thompson, effective May 24, 2005. Mr. Thompson has served as a director of Florida Rock Indu
Cimpor 2004 net profit up
The 2004 profit of Portuguese cement producer Cimpor grew by Euro 72m to a total Euro 262.5m due to the introduction and application of the international accounting standards IAS/IFRS, the company ann
German-owned Bosnian plant
German-owned Bosnian cement producer Tvornica Cementa Kakanj (TCK) saw its net profit rising to 16 million marka (Euro 8.2m) last year, Bosnian business news website Bh Biznis
Taiwan Cement sees profit growth, eyes China
Taiwan Cement Corp. expects sales and profit to grow more than 15 to 20 percent in 2005 from 2004 and aims to become one of China’s top three cement makers in three years, chairman Leslie Koo sa
Gresik April cement sales 1.18Mt, down 0.5% YoY, Indonesia
Indonesia’s largest cement maker PT Semen Gresik’s cement sales in April dropped 0.5% YoY to 1.18Mt from 1.19Mt a year earlier, with exports down 44 per cenet at 110,633 tons, according to
Adani’s plan to take over Everest hits hurdle
The proposed takeover of Everest Industries (EIL), a subsidiary of ACC, by the Adani group has hit a roadblock. ACC is likely to appoint a merchant banker for selling EIL for greater transparency. So