Corporate
Lafarge Q1 sales up 2.2 per cent
Lafarge reported a 2.2 per cent rise in first-quarter sales on Wednesday on improved prices but bad winter weather in Europe offset some of these gains. Lafarge generated sales of
Holcim wants higher ACC stake
Holcim Ltd., the world’s second-biggest cement maker, wants to lift its stake in ACC to about 50% after failing to gain control of India’s biggest maker of the building material in a bid that ended in
Lafarge Romcim Expands products portfolio
Lafarge Romcim, owned by French building group Lafarge, added to its products portfolio Rapidcem quick drying cement with high pressure resistance, it was reported on April 29, 2005. Concrete made w
Anhui Conch Cement Invests $347m
Chinese cement producer Anhui Conch Cement Co spent 2.87 bln Chinese yuan ($347m) in capital investments and stake purchases in 2004, it was reported on April 29, 2005. The company also plans to inves
Argos and Holcim Colombia report performance
Cementos Argos reported profits of Pesos$129,810m over Q1/2005 (Jan -March), a 201% growth from Q1/204 (Pesos$43,144m). The company results benefited from the selling off the coal plant Jagua Coal for
HeidelbergCement losses widening
HeidelbergCement seen posting Wednesday 1Q net loss at EUR99M versus a loss of EUR58M a year ago, according to Dow Jones Newswires survey of 5 analysts. Loss in pretax profit is expected to widen to
Italcementi Q1 net flat to lower
Italcementi SpA’s first quarter net profit, due Wednesday, will be flat to lower, due to poor weather in Italy and other European countries, and higher energy costs, analysts said. Net profit is
Cemex on target to meet debt lowering, Mexico
Lorenzo Zambrano says he’s confident Cemex will meet or beat its goal of lowering debt this year.
Votorantim’s income reaches R$18bn over 2004
The performance of the mining and metal areas of the Brazilian industrial group Votorantim surpassed the cement divisions for the first time and accounted for 27 per cent of the company’s global
Conch profit plunges, China
Anhui Conch Cement, China’s biggest producer of the material, has been hit by a 95 per cent plunge in first-quarter profit amid falling prices in the sector and rising coal prices, and warned th
GCC profits fall 17 per cent on domestic construction slowdown - Mexico
Mexican cement maker Grupo Cementos de Chihuahua reported a 124mn-peso (US$11.2mn) net profit in the first quarter of 2005, dropping 17.1 per cent from 1Q04, company CEO Manuel Milán said during a c
Siam Cement’s Profit Surges On Strength in Petrochemicals
Siam Cement PCL, Thailand’s dominant industrial conglomerate, said net profit for the first quarter rose 36 per cent to 10bn baht (US$253m) from 7.36bn baht a year earlier, mainly because of rob
SCC: Operation performance
For the first quarter of 2005, Net Sales of Siam Cement Public Company Limited (SCC) and subsidiaries amounted to 57,165m baht, an increase of 31 per cent from the same period of the previous year.
Thai industrial conglomerate firm SCC’s Q1 profit seen up 25%
Net profit of Siam Cement Plc (SCC), Thailand’s largest industrial conglomerate, in the first quarter of this year would expand as much as 25 per cent from the same quarter last year on the back
Lafarge North America Reports First Quarter Results
Lafarge North America Inc reported a first-quarter net loss of $188.5m. Excluding a previously announced one- time tax charge of $115.7m associated with the company’s decision to repatriate $1.1
Florida Rock Posts Higher 2Q Profit
Florida Rock Industries Inc., a provider of ready-mixed concrete and construction aggregates, said that second-quarter earnings grew 43 per cent year-over-year due to strong demand in the company&rsqu