Cement News tagged under: corporate
Lafarge Romania10 March 2004, Published under Cement NewsLafarge posted a turnover of 6.0 trln Romanian lei (US$187.5m) for 2003 from activities in Romania, up from US$176.8m for 2002, it was reported on March 9, 2004. The company operates cement plant Lafarge Romcim, stone quarrying company Lafarge Agregate Betoane and plasterboard producer Lafarge Arcom Gips, employing a total of 2200. Lafarge Romcim investment programme, agreed with the Romanian privatisation authority reached US$138.9m. Lafarge Romcim holds 33 per cent of the market. Lafarge... |
Egyptian Sinai Cement net profit rise10 March 2004, Published under Cement NewsEgyptian cement producer Sinai Cement reported an 81.6 per cent year-on-year surge in net profit to 35.56 mln Egyptian pounds (US$5.8m) for 2003. The increase in earnings resulted from a 12.5 per cent growth in net sales to 243.48 mln pounds ($39.4m), coupled with a 6.7 per cent fall in production costs. Sinai Cement was established by private investors in 1998 and was listed on the Cairo and Alexandria Stock Exchanges in 2000. |
Ras Al-Khaimah Co profit rise10 March 2004, Published under Cement NewsUAE: Ras al-Khaimah Co for White Cement & Construction Materials reported a 24.9 per cent year-on-year increase in sales to 113.4 mln UAE dirhams ($30.9m) in 2003, it was reported on March 9, 2004. The cost of goods sold rose 13.9 pct to US$25.2m. |
Kuwait’s Portland Cement profits up10 March 2004, Published under Cement NewsKuwait Portland Cement Co said on Tuesday its net profit for 2003 had risen 86 percent to 15.14 million Kuwaiti dinars (US$51m) from 8.12 million dinars a year earlier. General manager Adel al-Ghanim told Reuters that increased steel and cement sales had helped boost profits. In a profit report carried by the Kuwait Stock Exchange, the company attributed 8.05 million dinars of its 2003 profits to the implementation of international accounting standards. Though it did not elaborate, al-Ghan... |
ACC raises $100m10 March 2004, Published under Cement NewsAssociated Cement Companies Ltd (ACC) has raised US$100m by issuing foreign currency convertible bonds (FCCB) and global depository receipts (GDR) to international investors to fund acquisition of Bargarh Cement Ltd in Orissa, modernisation of another plant and capital expenditure. The cement company has raised US$60m through FCCBs priced at 35 per cent premium to Monday’s closing price of Rs 277.35 on Bombay Stock Exchange, an ACC press release issued said, quoting director and company secre... |
Holcim’s outlook for 200410 March 2004, Published under Cement NewsHolcim’s CEO Marcus Akermann, remains optimistic over group prospects for 2004, with Holcim set on selling more cement, aggregates and concrete in its key markets, capable of improving value added and further developing group positions worldwide. Holcim’s solid balance sheet means that it is also in a position to invest selectively in new markets of Group companies - he added. In France, Belgium and Switzerland there will not be much change in the situation facing the building sector. In ... |
Cimpor: Spanish expansion offsets Portuguese decline09 March 2004, Published under Cement NewsIn 2003, Cimpor generated a turnover of €1,360.9m, an increase of 3.3 per cent on cement and clinker sales 11.1 per cent higher at 18.29Mt. Cement capacity, based on using own clinker, now stands at 23.4Mt, following the commissioning of a new production line in Egypt earlier this year. The increased volumes were entirely attributable to acquisitions and without these the tonnage volumes would have been down by some seven per cent. The operating profit at the EBITDA level edged ahead by 0.... |
Portugal Cimpor 2003 Net Profit08 March 2004, Published under Cement NewsPortuguese cement group Cimpor - Cimentos de Portugal SGPS, reported a 5.3 per cent year-on-year rise in 2003 net profit to Euro 185.9m, the company announced on March 5, 2004. The company’s turnover totalled Euro 1.361bn, up 3.3 per cent. On the other hand, operating cash flow and operating profit increased slightly, up 0.2 per cent and up 1.8 per cent, respectively. The return on equity (ROE) increased to 19.5 per cent from the previous 17.3 per cent. The company’s performance in Spai... |
Semen Gresik draws interest from foreign investment firms08 March 2004, Published under Cement NewsSeveral foreign investment firms have expressed interest to buy a stake in state-owned cement maker PT Semen Gresik should Mexican cement firm Cemex SA decide to pull out from the local firm, the daily Koran Tempo reported, quoting State Minister for State Enterprises Laksamana Sukardi. Sukardi said the government is looking for potential buyers in case Cemex sells its 25.4 pct stake in Semen Gresik. Mostly foreign investment firms have responded, he said but declined to the name the compan... |
Holcim Vietnam08 March 2004, Published under Cement NewsHolcim Vietnam held a function in HCM City on February 23 to introduce its new cement. Laurent Houmard, Holcim Vietnam sales and marketing director, said the company had planned to sell 2.6Mt of cement this year, 500,000t higher than last year. The company has also launched a sales promotion program for retailers and consumers. It has a plant in Kien Giang Province and a grinding station in District 2, HCM City. |