Cement News tagged: Corporate
Empresas Melon increases profits
Empresas Melon, the Chilean cement holding company which is owned by Lafarge, reported profits of Pesos$16,630mil in 2003, an increase of 6.7 per cent on profits of Pesos$15,589m in 2002. Operating pr
French Vicat posts slightly higher turnover
French building materials supplier Vicat SA reported a Euro1.463bn (US$1.863bn) turnover for 2003, a slight increase from Euro 1.462bn (US$1.862 bln) registered for the previous year. The group poste
Buzzi Unicem increases cement sales
Buzzi Unicem generated at turnover of €1461m in the year to the end of December 2003. This is 1.2 per cent lower that in 2002, but adjusting for the considerable weakness in the US and Mexican curren
Lafarge Beton to announce a bid for PCLA shares
Lafarge Beton Bratislava, a minority shareholder in cement producer Povazske Cementarne Ladce (PCLA) has decided to announce a competing takeover bid for PCLA shares. This bid should be in response to
Mangalam cement sale close
The B K Birla group is close to finalising the deal to sell its 1.5Mta cement company, Mangalam Cement Ltd. The group is apparently at an advanced stage of negotiations with two buyers- the French con
Gulf Cement revenues jump 31 per cent
The Ras Al Khaimah-based Gulf Cement Company earned revenues of U$67.4m last year, a 31 per cent increase over the previous year, according to its preliminary results. Higher sales contributed to its
Grasim May Have To Raise Offer For CemCo
India’s Grasim Industries may have to raise its offer price to acquire a stake of more than 51% in Larsen & Toubro’s demerged cement business, the Economic Times reports.
Ssangyong Cement sees record-high profitability
Ssangyong Cement Industrial Co. has hit a record high in corporate earnings. The company reported yesterday that it posted 1.29 trillion won (US$1.1 billion) in sales and 233.8 billion won in operati
Cementos Caribe reduces its profits by 3.4 per cent
The Colombian company Cementos Caribe has reported net profits of 104,074 pesos (US$37.9m) in 2003, which is a fall of 3.4 per cent when compared with the 107,760 pesos (US$39.2m) of the previous year
Buzzi Unicem raises stake in Dyckerhoff
Italian cement and concrete company Buzzi Unicem has raised its stake in German counterpart Dyckerhoff to 67.01 per cent, buying a 5.32-per-cent stake from Dutch counterpart Holderfin and an 11.62-per
Profits drop at St Lawrence Cement
St Lawrence Cement Group, Canada, reported lower fourth-quarter profits and sales Wednesday. The Montreal-based cement and construction products producer said it earned $21.8m or 53 cents a share for