Cement News tagged: Corporate
Indonesia set to settle dispute with Cemex
The government will continue to seek out of court settlement for its long dispute with Cemex Asia over the divestment of the share of cement factory PT Semen Gresik. Cemex holds 25 per cent of the sha
Tabuk Cement rises to US$15.6m
Saudi cement producer Tabuk Cement Company (TCC) posted a net profit of 58.5 mln Saudi riyals (US$15.6m) for the first half of 2004, up by 75 per cent year-on-year. TCC’s sales stood at 140 mln
Ciments Francais moves up
H1 Sales came in at Euro 1524m, up 7.1% on last year and 0.8% above Deutsche Bank forecasts. Like for like sales were up 9.5%. Similar to Lafarge cement proved to be the main driver with like for like
Ciments Francais H1 2004 turnover up, France
Ciments Francais, controlled by Italian cement producer and distributor Italcementi S.p.A., ended the first half of 2004 with a turnover of EUR1.52bn (US$1.864bn), a 7.1 per cent YoY increase. At con
Calbre Posts EUR241,000 net profit, Italy
Italian concrete and cement products distributor Calbre posted a net profit of EUR241,000 in 2003, compared to a EUR349,000 net profit in 2002. The company, based in Montichiari, in the northern Ital
Tabuk and Union, Saudi Arabia 1H04 boost
The net profit of UAE Ras al-Khaimah cement manufacturer Union Cement surged 226 per cent YoY to AED48.9m (US$13.3m) for the first half of 2004. The company’s sales revenue climbed 68.1 per cen
Florida Rock Industries, record 3Q
Florida Rock Industries has announced record net income of $33,050,000 or $.75 per diluted share for the third quarter of fiscal year 2004 versus $22,971,000 or $.53 per diluted share for the same qua
Lafarge sees first-half sales climb seven per cent
Lafarge said that first-half sales had increased by seven per cent and forecast continuing growth this year on a constant exchange rate basis.
Rinker cements strong growth outlook
Cement maker Rinker Group has doubled its profit growth forecast less than a week after its former parent, CSR, also raised its estimate of likely earnings.
China Resources Cement Holdings
The directors of China Resources Cement Holdings Limited has announced that Goodsales Investments, the Company’s wholly owned subsidiary, entered into an Acquisition Agreement with Zhong Tie Ji
TPI: new cement capacity needed
TPIPL’s three existing cement plants are reportedly running at near full capacity with a utilization rate of 95% in 2Q04. TPIPL will need to build a fourth cement plant line, a plan put on hold
RMC makes Spanish acquisition
RMC Group, the world’s biggest ready-mixed concrete maker, announced on Monday the acquisition of Spanish rival Hormigones Ciudad Real S.A. (Horcisa) for Euro39m. RMC said in a statement that i
Boral buys Hanson’s Thai business
Boral Ltd has reached agreement with Hanson plc to acquire its interest in the Hanson ready-mixed concrete and quarry operations in Thailand for an enterprise value of around $US45m, which includes so
SeaCem turnaround
Southeast Asia Cement Holdings, Inc. (SeaCem) is optimistic it will make a turnaround this year through a share exchange agreement with Republic Cement Corp. Renato C. Sunico, SeaCem President, said t
ACC Minority Shareholders for Gujarat merger
The Associated Cement Companies (ACC) is increasingly coming under shareholder pressure to consider a possible merger with Gujarat Ambuja Cements Ltd (GACL). GACL, which holds almost the 15 per cent m
Lafarge H1 sales to keep pace with strong Q1 as pricing improves
Lafarge will report a solid rise in first half sales on Thursday before markets open as good weather and an improved pricing environment sustain the performance from a very strong first quarter, analy