Cement News tagged: Corporate
Rinker’s Earnings Get a Lift From US
Annual earnings for the Rinker Group Ltd’s annual earnings rose 12%, underpinned by the Australian construction-materials company’s extensive operations in the US and a better-than-expecte
TPI Polene Creditors approve debt buyback
Creditors of TPI Polene PCL have agreed in principle to let the Thai cement maker buy back as much as $110 million in debt, a TPI Polene executive and one of its creditors said. "Creditors have agree
Melón posts ripe Q1 profits
Chilean cement company Empresas Melón posted an 8.37bn-peso (US$13.4mn) consolidated net profit in the first quarter, up 17.6% from 1Q03, the company said in a statement to the country’s securit
Heracles pretax profit up 137 per cent
Greek cement producer Heracles said on Monday its first-quarter group pretax profit rose 137 percent to 14 million euros, thanks to better weather than last year and rising profit margins in Greece.
Colombian group Argos leads profit ranking
In the first quarter this year, Colombian cement group Argos consolidated its position as one of the most solid organizations in the country and with the highest profit volume. Three companies of the
PPC result comment
Pretoria Portland Cement has set the tone for the upcoming reporting season with strong interim and full year results. PPC was largely driven by improved infrastructural development as well as an inc
Titan first quarter advance
The Titan cement group saw turnover increase by 10.7% to EUR231.6m and the operating profit at the EBITDA level rose by 32.0% to €55.3m, while the pre-tax profit more than trebled to EUR30.3m. Global
Cement merger on the cards?
The Competition Tribunal is expected to hear two large mergers next week between three cement manufacturers -- Alpha, PCC and Lafarge -- and a proposed transaction involving investment holding compan
CSR unlikely to pursue Adbri
CSR Ltd has indicated it is unlikely to pursue Adelaide Brighton Ltd after Boral Ltd’s takeover bid for the cement producer was rejected by the consumer watchdog.
Tarmac: no more UK cement plant plans
Chief executive Robert Robertson says the £115m Buxton facility upgrade is final UK project. Tarmac has no plans for any further cement factories in the UK beyond the new £115m plant at Buxton
Juan Minetti Q1 net profit falls 55.8%
Juan Minetti, Argentina’s second largest cement producer, saw first quarter net profits drop 55.8% to 28.8m pesos (US$10m) from 1Q03 due to exchange rate differences, the company said in a state
Indonesian producer loses Rp 14b in 2003
Cement maker PT Semen Cibinong, a subsidiary of Holcim , has recorded a loss of Rp14bn (US$1.5m) last year due in part to a decline in exports.
Philippines Republic cement 1Q net lifted by acquisitions
Philippine producer Republic Cement Corp said it swung to a net profit in the first quarter after a substantial loss in the year-ago period on account of its recent acquisitions, an increase in cement
Lafarge names Blatz head of aggregates, concrete
Lafarge has put Jean-Charles Blatz in charge of its aggregates and concrete business following the departure of Charles de Liedekerke, it said on Monday.
Cementir boosted by Turkish recovery
The first quarter turnover at the Italian cement producer Cementir rose buy 13.7% to €71.4m while the EBITDA was little changed at €16.1m, though the trading profit advanced by 12.8% to €8.8m and the
China’s cooling may help majors
China’s move to rein in building industries to cool its surging economy is expected to wipe out thousands of small cement plants and give foreign firms a crack at the world’s biggest marke