Cement News tagged: Corporate
PPC announces earnings increase of 30% or more
South Africa’s PPC has advised shareholders that the increase in its headline earnings and attributable earnings would be 30 percent or more in the six months to March compared with the previous perio
Italcementi sees EUR1.5bn investments in next five years
Italcementi SpA CEO Giampiero Pesenti said he sees the group investing EUR1.5 over the next five years, one third of it in Italy – the same amount as it invested over the last five years.
Cemex income skyrockets 1Q to US$311m
Cemex has reported a US$311m in net income for the first quarter this year, a 282 per cent increase YoY thanks to stronger operating performance and improved foreign exchange results, it said in a sta
Lafarge in Russia
Lafarge may be purchasing a number of plants that produce construction materials in Russia, company executive director Bruno Lafont told the press in Chelyabinsk. Lafarge already owns controlling stoc
Jidong Cement 1Q net profit surges after new units begin operations
Tangshan Jidong Cement Co Ltd said its first-quarter net profit soared to 12.19m yuan against 0.57m a year earlier, on the back of contributions from two of its units, which were recently put into ope
Portugal Fundacao Berardo Acquires 8.77 per cent in Cimpor
Portuguese cement producer Cimpor informed the national securities regulator CMVM on 20 April, 2004 that a total of 8.77 per cent of its share capital was acquired by Fundacao Berardo, controlled by t
Italy’s Buzzi aims to cut debt, raise dividend
Italian cement company Buzzi Unicem (BZU.MI) is aiming in the near future to cut debt, keep high levels of operating efficiency and if possible further its dividend, its deputy chairman said on Tuesda
Polpaico to invest US$15m this year
Chile’s Cemento Polpaico will invest US$15m this year, company general manager Eduardo Kretschmer said during the company’s annual shareholders’ meeting. The investment will go towa
Semapa sells nine per cent stake in Cimpor
Portuguese cement company Semapa has said it has sold its entire nine per cent stake in rival Cimpor SA for EUR251m.
Zambrano in New York, but not China
Lorenzo Zambrano seems to be one of the few global chief executives not rushing into China - at least not yet. Such caution is uncharacteristic for Mr. Zambrano, the man who built Cemex into the world
Egyptian National Cement extends bid
Egypt’s National Cement Company (NCC), an affiliate of the state-owned Chemical Industries Holding Company (CIHC), has extended to May 16, 2004 the deadline for submitting offers in a sealed-bid
Alexandria Portland Cement
Alexandria Portland Cement, Egypt announced the release of FY03 results ending December,wherein the company sported a top line figure of LE235.3 million, illustrating a growth of 20.7 per cent over th
Egyptian Ameriya Cement to raise capital
Egyptian cement company Ameriya Cement will increase its capital to E£300m ($48.7m) from E£100m($16.2m), it was reported on April 13, 2004.
More concrete for Siam Cement
CPAC Concrete Products, a unit of the Siam Cement Group, yesterday outlined plans to invest a total of 500 million baht this year to expand its five factories to support revenue growth. The move woul
Turkish Bursa Cimento
The management board meeting of Turkish cement and clinker producer Bursa Cimento decided on April 8,
Egyptian Sinai Cement goes for more loans
Egyptian cement producer Sinai Cement will receive loans worth a total 245 mln Egyptian pounds ($39.8m) from the National Societe Generale Bank (NSGB) and HSBC Bank Egypt, it was reported on April 4,