Cement News tagged: Corporate
Lucky Cement H1 profit rises
Lucky Cement Ltd posted an increase of 89.6 per cent in its half year net profit to Rs 275m compared to Rs 145m same period last year on the back of improved margins and higher sales. In a statement t
Lafarge’s running profit falls by 8.1% in 2003
The operating profit at the EBITDA level last year declined by 9.1% to EUR2,820m on a turnover 6.5% lower at EUR13,658m, before adjusting for exchange rates and changes to the sphere of consolidation.
Titan’s profits advance in spite of adverse exchange rate movements
Titan Cement Company reported an unchanged turnover of EUR1,035.7m in respect of 2003 compared with EUR1036.1m in 2002, but ignoring the adverse exchange rate impact, the turnover was ahead by some 9%
Heracles pretax profit up
Greek cement producer Heracles said on Tuesday 2003 group pretax profit rose 64 per cent to 117 million euros, helped by strong sales in the domestic market related to Olympic Games projects. Group s
Cement makers hurt by weak demand
Indonesia’s cement industry is expected to remain in the doldrums this year due to various factors such as weak sales growth, excess production capacity, and the rising cost of energy - says the
HeidelbergCement boosts 2003 cement volumes by 11.3%
Turnover at HeidelbergCement fell by 3.0% last year to €6,372m, but after adjusting for the lower dollar and changes to the sphere of consolidation there was a marginal increase of 0.4%. Profit numbe
SCC building profits to rise 20 per cent
Siam Cement, Thailand’s largest industrial conglomerate, said it expects its revenue from the building material business to rise 20 per cent to 44 billion baht this year on the back of dramatic
Ras Al Khaimah Cement improves
Ras Al Khaimah Cement Company, fuelled by the boom in the UAE’s construction sector, has posted a sharp increase profit in 2003 profits. The company earned a net profit of Dh30.02 million for 20
Japan’s Taiheyo cement to introduce cash management system
Taiheiyo Cement Corp is introducing a system to centralize cash management within its corporate group
Ciments Français has a bad year in the United States
Ciments Français, the international arm of Italcementi, produced a turnover of €2898.9m last year, a drop of 1.1 per cent but representing an underlying increase of 3.4 per cent exchange rate movement
CRH stays silent on Portugal expansion
CRH was not willing to comment yesterday on a Sunday Business Post report naming it as one of a number of parties considering an offer for a 41 per cent stake in Secil, Portugal’s second largest
Wienerberger increases trading profit by a quarter
Wienerberger AG, the world’s leading brick manufacturer, increased turnover by 10.4% in 2003, to Eur1826.0m. Organic growth was around 4%, with the initial contribution from Koramic Roofing adding Eu
Lafarge NA marks 20 Years of Trading On the Toronto Stock Exchange
Lafarge North America Inc., the leading supplier of construction materials in the U.S. and Canada, announced that Philippe Rollier, president and chief executive officer, will celebrate 20 years of tr
Cementos de Valle
Colombian cement producer Cementos de Valle earned profits of 89.2bn pesos (US$32.6mn) in 2003, up 11.6% over 2002, Portafolio reported. The company has proposed a dividend of 228 pesos per share in
Capital Group and Holcim
In accordance with Article 20 of the Federal Act on Stock Exchanges and Securities Trading (Stock Exchange Act), Holcim Ltd was informed by The Capital Group Companies, Inc., Los Angeles, CA, USA that
ACC India may sell its stake In Everest
Associated Cement Companies, India’s second-largest cement maker, plans to sell its 76.01 per cent stake in building products firm Everest Industries. ACC has initiated talks with prospective bu