Cement News tagged: Corporate
Ras Al-Khaimah Co profit rise
UAE: 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.
Kuwait’s Portland Cement profits up
Kuwait 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
ACC raises $100m
Associated 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 Bar
Holcim’s outlook for 2004
Holcim’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 add
Cimpor: Spanish expansion offsets Portuguese decline
In 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 2
Portugal Cimpor 2003 Net Profit
Portuguese 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 tu
Semen Gresik draws interest from foreign investment firms
Several 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 dail
Holcim Vietnam
Holcim 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
HeidelbergCement and H+H sell joint venture
HeidelbergCement and the Danish-based aerated concrete producer H+H International are selling their joint venture H+H Fiboment to its management backed by private equity firm Procuritas Capital Invest
FLS is looking to sell Aalborg Portland and Unicon
Turnover at FLS Industries declined by 9.3 per cent to DKr14,911m (€2006.6m) in 2003, principally reflecting the divestment of non-core businesses. Continuing high processing costs at the environment
Imerys’ running profit advances
Turnover at Imerys declined by 4.7 per cent to €2,729.2m as exchange rate movements took their toll, but at the underlying level there was a 2.8 per cent increase. The EBITDA emerged 5.1 per cent low
TPI Polene gains
TPI Polene Plc (TPIPL), the country’s third-largest cement producer, projects that its 2004 income will expand by at least 15 per cent from last year’s income of 19 billion baht on the back of higher
Pacasmayo profits tick up on Zemex purchase
Peru’s third largest cement maker Cementos Pacasmayo has reported 2003 profits of 56.8mn soles (US$16.9m), up 2.16 per cent up on the 55.6mn soles reported in 2002, according to information the
Weather and currencies depress CRH
The Dublin-based building materials group CRH plc produced a 2.6 per cent increase in turnover to €11,079m, in spite of adverse exchange rate movements, particularly the US dollar followed by the Poli
Lion’s Share scooped Up by 20 big Investors
Kamol Leosivikul, president of Mida Assets, topped the list of investors purchasing new shares of TPI Polene in January, according to papers filed with the Securities and Exchange Commission. Mr Kamo
Aggregate Industries raises stake
Aggregate Industries increased turnover by UK£5.9m in 2003 to UK£1458.9m (US$2392.6m) but unfavourable trading conditions in the United States and a falling US dollar reduced the increase in the opera