Cement News tagged: Corporate
Siam City Cement named the best
Siam City Cement Plc (SCCC), Thailand’s second largest cement manufacturer, has been named the best company in Thailand, followed by Kudu Co and Land & Houses Plc, in the Euromoney Asian company
Cima to issue Islamic bonds
Malaysia: Cement Industries of Malaysia Bhd. said Monday its Negeri Sembilan Cement Industries Sdn. Bhd. subsidiary has received regulatory approval to issue 330 million ringgit ($1=MYR3.80) in Islami
RMC: uncertain prospects remain
Deutsche Bank analysts have downgraded RMC to a sell, price target 600p. While the appointment of new management and a turnaround in the troubled UK business have sparked a re-rating of RMC (he stock
Kuwait Cement profit rise
Kuwait Cement Co posted a net 2003 profit of 19.56 million Kuwaiti dinars (US$66.5m) on Sunday, up 69 per cent from the 11.6 million dinars earned in 2002.
Lucky Cement H1 profit rises
Lucky Cement Ltd posted an increase of 89.6 per cent in its half year net profit to Rs 275m compared to Rs 145m same period last year on the back of improved margins and higher sales. In a statement t
Lafarge’s running profit falls by 8.1% in 2003
The operating profit at the EBITDA level last year declined by 9.1% to EUR2,820m on a turnover 6.5% lower at EUR13,658m, before adjusting for exchange rates and changes to the sphere of consolidation.
Titan’s profits advance in spite of adverse exchange rate movements
Titan Cement Company reported an unchanged turnover of EUR1,035.7m in respect of 2003 compared with EUR1036.1m in 2002, but ignoring the adverse exchange rate impact, the turnover was ahead by some 9%
Heracles pretax profit up
Greek cement producer Heracles said on Tuesday 2003 group pretax profit rose 64 per cent to 117 million euros, helped by strong sales in the domestic market related to Olympic Games projects. Group s
Cement makers hurt by weak demand
Indonesia’s cement industry is expected to remain in the doldrums this year due to various factors such as weak sales growth, excess production capacity, and the rising cost of energy - says the
HeidelbergCement boosts 2003 cement volumes by 11.3%
Turnover at HeidelbergCement fell by 3.0% last year to €6,372m, but after adjusting for the lower dollar and changes to the sphere of consolidation there was a marginal increase of 0.4%. Profit numbe
SCC building profits to rise 20 per cent
Siam Cement, Thailand’s largest industrial conglomerate, said it expects its revenue from the building material business to rise 20 per cent to 44 billion baht this year on the back of dramatic
Ras Al Khaimah Cement improves
Ras Al Khaimah Cement Company, fuelled by the boom in the UAE’s construction sector, has posted a sharp increase profit in 2003 profits. The company earned a net profit of Dh30.02 million for 20
Japan’s Taiheyo cement to introduce cash management system
Taiheiyo Cement Corp is introducing a system to centralize cash management within its corporate group
Ciments Français has a bad year in the United States
Ciments Français, the international arm of Italcementi, produced a turnover of €2898.9m last year, a drop of 1.1 per cent but representing an underlying increase of 3.4 per cent exchange rate movement
CRH stays silent on Portugal expansion
CRH was not willing to comment yesterday on a Sunday Business Post report naming it as one of a number of parties considering an offer for a 41 per cent stake in Secil, Portugal’s second largest
Wienerberger increases trading profit by a quarter
Wienerberger AG, the world’s leading brick manufacturer, increased turnover by 10.4% in 2003, to Eur1826.0m. Organic growth was around 4%, with the initial contribution from Koramic Roofing adding Eu